Financial Risk Manager

JOB VACANCY ANNOUNCEMENT BANK OF AFRICA

• RWANDA is a private commercial Bank that operates in Rwanda serving businesses/entities and individuals. BANK OF AFRICA started its operations in Rwanda in October 2015 after the acquisition of AGASEKE BANK that had been operating in Rwanda since November 2003. BANK OF AFRICA
• RWANDA is part of BANK OF AFRICA BMCE Group which opened doors in 1982 From Bamako/Mali, The Bank is present in 19 countries, including 8 in West Africa (Benin, Burkina Faso, Côte d’Ivoire, Ghana, Mali, Niger, Togo and Senegal), 8 in East Africa and the Indian Ocean zone (Burundi, Djibouti, Ethiopia, Kenya, Madagascar, Uganda, Rwanda, Tanzania), 2 in central Africa (The Democratic Republic of Congo and Congo) and France. The BOA Group network of 18 commercial banks, 1 global holding company, 2 regional holding companies, 1 investment company, 2 technical support subsidiaries, 2 IT processing and support companies, and 1 representative office in Addis Ababa. In Rwanda, the bank now has 15 branches, including 9 branches in Kigali and 6 branches upcountry. (Muhanga, Huye, Musanze, Rubavu, Rusizi and Kayonza) and 1 outlet in Kigali at Milles Collines Hotel. Bank of Africa Rwanda seek to recruit well qualified and experienced candidates to fill the following position within Head Office: Position Title: Financial Risk Manager I. Job Purpose Reporting to the Executive Head of Risk, the Financial Risk Manager is responsible for identifying, measuring, monitoring, and controlling liquidity and financial risks, while ensuring that the bank’s risk management policies, frameworks, and methodologies are properly developed, implemented, and maintained in line with regulatory requirements and the Bank’s Risk Appetite. II. Key Responsibilities:

1. Risk Appetite & Limit Framework Lead and coordinate the development of the Bank’s Risk Appetite limits for Board approval. Monitor adherence to approved limits and recommend corrective actions where necessary.
2. Risk Management Frameworks Develop and lead the drafting of the following risk management documents: ICAAP, ILAAP, Recovery Plan, and Risk Management Framework. Ensure timely approval of these documents and their submission to the Central Bank within regulatory timelines. Lead the identification of material risks and ensure their adequate reflection in capital and liquidity planning. Coordinate inputs from Finance, Treasury, Business, and other key departments.
3. Stress Testing & Scenario Analysis Design and perform liquidity and financial stress tests and scenario analyses. Support ICAAP, ILAAP, and Recovery Plan processes with forward-looking risk assessments. Assess the impact of adverse scenarios on capital, liquidity, and profitability, including reverse stress testing where applicable.
4. New Products & Business Support Conduct risk assessments for new products and services and provide risk opinion for the Product Approval Committee. Advise business units on risk mitigation and structural