Commercial Bank of Africa Financial Risk Management Manager Job in Kenya

CBA has a proud heritage as one of East Africa’s leading financial institutions and has for the past 50 years set the standard for personalised service and customer relation excellence.

We attribute our success to the way in which we grow and nurture our talent. By aligning our values of elegance, prestige, comfort and confidence with an ethos of high performance and distinction, our brand promise is realised for both our customers and employees, giving them the opportunity to “get more out of life.”

Manager, Financial Risk Management

Reporting to the Group Head of Risk Management and Compliance, the purpose of this role is to support the Risk Management Function in safeguarding and improving the Bank and Group risk bearing capacity and the efficient use of this capacity through formulating Asset and Liability Management(ALM) policy and guidelines. 

The job includes propagating, monitoring and reporting on compliance with the ALM policy and guidelines.

Main Activities

  • Formulate and periodically review the Asset & Liability Management (ALM) Policy and Guidelines for the Group.
  • Develop and/or maintain appropriate benchmarks for all financial risks arising in Treasury operations, through implementation of desk/individual trading limits, and adherence to established stop loss, hedging, and mark to market disciplines; monitor and review positions according to specific criteria, and review overall trading activities/policies.
  • Develop and maintain financial risk management tools and systems in accordance with best practice standards.
  • Analyze currency mismatch positions, and duration mismatch between Assets and Liabilities, and estimate impact of currency and interest rate movement on the Group balance sheet.
  • Analyze maturity structure of the Group’s existing Assets and Liabilities in order to evaluate and manage the risk exposures;
  • Prepare the Group’s Monthly Liquidity and Market Risk Reports and the accompanying presentation to various Committees.
  • Monitor and ensure suitable confirmation of counterparty deals and speedy resolution of any dispute thereof.
  • Periodically review functionalities of Front and Back Office systems to ensure integrity and straight through processing of transactions.
  • Ensure appropriate identification, measurement, monitoring and reporting of liquidity, market and credit risks.
  • Establish and maintain a control framework to ensure compliance with ALM Policies and Guidelines.
  • Maintain appropriate relationships with Regulators and Rating Agencies and liaise with internal/external auditors; Propose, execute and manage balance sheet management strategies while assisting in the budget & balance sheet forecasting process.
  • Assist with the development of the bank’s funding plan, including modelling alternative funding strategies.
  • Prepare and submit monthly ALCO reports, including comprehensive commentary to the ALCO on ALM issues.
  • Review and re-calibrate, on at least an annual basis, all behavioral liquidity assumptions and submit updated assumptions to ALCO for approval.
  • Review and update all assumptions pertaining to liquidity stress testing and associated contingency plans on at least a quarterly basis.
  • Report the outcomes of audit findings to ALCO, Risk and Treasury.
  • Ensure the creation and maintenance of records for audit purposes and ensure processes are in line with governance and compliance standards.
  • Ensure continuity in the application of set standards, policies and procedures through education and training, and plan ahead for succession and continuity of skills.
  • Participate in propagating a risk awareness culture in the Bank.
  • Perform other duties as assigned by the immediate supervisor.
Qualifications and Experience Requirements
  • Undergraduate degree or its equivalent in Mathematics, Finance, Banking, Economics, Business Administration (with a major in Finance) or similar quantitative disciplines – Upper Second/GPA 3.0.
  • Minimum of 6 years of relevant professional experience in banking and/or finance, including at least 3 years in Financial Risk Management or related area.
  • ACI Certification or Risk Management certification is desirable.
  • Exposure to Treasury Front Office/Back Office and Reuter’s system.
  • Experience with MS office and Treasury trading systems.
You can send your resume to

Closing Date: 22nd July 2012

Job offers will only be sent to individuals who have applied and have successfully been through our selection process.

We are an equal opportunity employer, and do not ask individuals to supply funds as part of the recruitment process.

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