Financial Risk Modelling Manager

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Financial Risk Modelling Manager

  • Post Date:April 6, 2021
  • Views 279
0 Applications
  • Career Level Manager
    Qualification Degree
    Experience 5-10 Years
  • Industry Business
Job Description


An exciting career opportunity has arisen within CBZ Holdings Limited for the position of Financial Risk Modelling Manager. If you are a strategic thinker, adaptable and have passion and drive for risk management within a large set up, this is a career opening for you.

The role – what we expect from you:

  • Develop models for use in accordance with the requirements of SBUs such as the Banking and Insurance clusters;
  • Assess the quantitative requirements of Basel III and Solvency II, such as the ICAAP and ORSA and incorporating these into an integrated Group risk management report to assess capital needs;
  • Implement resultant risk measures into decision making to improve day to day operations.
  • Maintain Group Model Governance Framework and ensure the proper management of model risk within the model life cycle;
  • Draft input into various reports that include Stress Tests, ORSA, ICAAP and Recovery Planning for the Banking and Insurance clusters and make appropriate recommendations.
  • Assist the Group with relevant support in implementation of relevant regulatory frameworks such as Basel III, IFRS 9, IFRS 17 and Solvency II.
  • Ensure model risks are minimized by implementing relevant back testing and model diagnostics in accordance with best practice.
  • Develop and update IFRS9 models for expected credit loss;
  • Develop credit assessment models that resonate with risk appetite and tolerance as espoused by Group strategy for lending activities in the Banking Cluster;
  • Perform stress tests, back tests, scenario analyses and scenario generation in varied contexts;
  • Forecast macro-economic variables and financial rates for use in forward looking models
  • Determine the minimum lending rate and developing a pricing framework for this purpose;
  • Develop and update risk-based loan pricing tools;
  • Assess pricing of insurance products (ratemaking) and reserving to assess capital requirements from an integrated Group perspective.
  • Sensitize stakeholders to the importance of active risk management and implementation of ERM.
  • Provide leadership and guidance to subordinates towards attainment of the Unit’s goals.
  • Ensure Personal Development is prioritised to enhance performance.
  • Groom subordinates to ensure effective succession planning at all levels.

Qualifications, Skills and experience required:

  • Degree in any of Mathematics, Actuarial, Physics, Engineering, Operations Research, Statistics or Economics.
  • Global Association of Risk Professionals’ FRM designation, PRM, CFA, CQF, Actuarial Qualification or significant progress towards attainment of same.
  • +5 years’ experience in risk management;
  • Advanced experience in model development, validation and review covering Credit, Market, Operational, Insurance or other financial risks.
  • Good understanding of the Basel II/III and Solvency II mandatory risk frameworks;
  • Good understanding of Advanced Risk Measurement such as the Computation of Expected Shortfall (ES) models for Credit Risk, Market Risk and Operational Risk, and other Economic Capital models;
  • Knowledge of Stochastic Modelling and Simulation;
  • An appreciation of financial or actuarial mathematics and related principles;
  • Strong analytical skills;
  • Good computer skills, with working knowledge of using R, Python, VBA and Advanced MS Excel;
  • Good verbal and written communication

If you wish to be considered for this career opportunity email your detailed CV and proof of qualifications to: [email protected] not later than Monday, 12 April 2021