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

WE ARE HIRING, FINANCIAL RISK MODELLING MANAGER

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