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Head of Risk & Compliance at Gulf African Bank

The genesis of Gulf African Bank (GAB) can be traced back to 2005, when a group of motivated Kenyans envisioned establishing an Islamic bank as an alternative to conventional banking in the country. By conducting business on the principles of Shari’ah, the bank would provide an ethical and fair mode of banking for all

Job Summary

The role is responsible for the development and maintenance of a well-defined Enterprise Risk Management Framework. The position holder is responsible for the identification, measurement, mitigation, monitoring and reporting of risks on a timely basis.

Qualifications, experience and job specific competencies

  • University degree in a business-related course. Postgraduate qualification and professional risk qualification will be an added advantage.
  • At least 8 years experience in Banking with a minimum of 5 years relevant experience in Risk & Compliance at Senior Manager level in a Commercial Bank
  • Ability to understand and document workflows and business processes
  • Knowledge and effective application of banking policies, processes and practices.
  • A sound understanding of the regulatory framework.
  • Ability to understand and interpret financial information and principles.

Responsibilities

  • Contribute to the formulation and development of the Bank’s Strategic Plan with specific attention to Risk and Compliance
  • Establish and maintain the Bank’s Enterprise Risk Management (ERM) Framework ensuring that the right risks are identified and are being managed; the assessments of the likelihood and consequences of each identified risk are current and realistic; and plans for managing each identified risk, including decisions to bear any risks unmitigated, are appropriate and effectively implemented.
  • Establish the Bank’s stress testing framework that covers the major risks (Credit, Operational and Liquidity Risks)
  • Carry out periodic Credit Portfolio analysis to ensure that the Bank’s risk appetite with regard to the Credit risk management processes is maintained and achieved.
  • Help build best practice that enforces a proactive approach towards credit appraisal, monitoring, reporting and control in order to maintain the Asset book within acceptable quality parameters.
  • Develop, maintain and update the Bank’s Internal Capital Adequacy Assessment Process (ICAAP) in line with the Bank’s Strategic Plans, Capital requirements and risk management practices.
  • Ensure the necessary policies, procedures and controls are in place with regard to complying with applicable laws, regulations and international standards and best practices applicable to the Banking Industry
  • Ensure the Bank is in compliance with various internal policies and procedures; and external regulations such as CBK regulations, FATCA and relevant laws.
  • Implement and monitor the Bank’s Anti-Money Laundering & Combating the Financing of Terrorism programme
  • Aggregate, review and report, at least quarterly, information on the major risk exposures of the Bank’s Business and Support Units.
  • Facilitate Bank-wide required trainings on AML Compliance and other risk related required training.
  • Establish a culture within the Bank that emphasizes commitment to internal controls, risk management and high ethical standards
  • Oversee and manage the Bank’s Information security systems while ensuring the security triad of Confidentiality, Integrity and Availability is achieved and maintained.
  • Oversee and manage the implementation of the Bank’s Business Continuity Planning and Disaster

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