Job Purpose
This is a position responsible for the overall Risk Management Function and successful attainment of a healthy loan portfolio through risk mitigation.
To promote and sustain a culture of risk management discipline within the institution and ensure that there are effective internal controls, policies and procedures, systems and a risk management framework that supports business sustainability and continuity as well as ensuring compliance;
To anticipate and proactively ensure management of all potential risks, including credit, operations, information security, regulatory compliance and reputation risks and to initiate actions to pre-empt systemic risks;
Duties for the Risk Management Officer Job
Manage appraisal of all new investments and recommend for approval through various committees;
Co-ordinate efficient and effective management of identification of significant risks to KIE;
Administer identification of low risk opportunities to the company;
Network with other institutions on credit reference of all our loan applications;
Participate in categorization of risks into strategic, reputational, operational, financial, transaction, policy implementation risks or compliance-related risks;
Work with other officers to ensure compliance with investment terms and conditions, and direct fraud investigations whenever identified;
Ensure that any credit provided to customers is proportional to their ability to pay;
Work with other offices to carry out analysis in respect of existing portfolio (by sector, region, size, gender, age, and programme);
Participate in developing and reviewing KIE risk appraisal tools;
Ensure that the debt book is updated and properly categorized;
Participate in taking investment remedial actions – rescheduling, rehabilitation, write off, negotiation, legal action- on Category D and E debts ( loans, rents and mortgages);
Participate in initiating special task force on debt recovery;
Ensure that the necessary fees and levies are charged and paid in accordance in line with the company’s procedures.
Risk Management Officer Job Requirements
Bachelor’s Degree from a recognized institution;
Proficiency in computer applications;
Served as Credit/ Risk Officer or equivalent for a minimum of 3 years;
Shown merit and ability as reflected in work performance and results
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