African Development Bank Group Group Chief Risk Officer, PGRF Jobs in Nigeria

African Development Bank Group Group Chief Risk Officer, PGRF Jobs in Nigeria

Duties and responsibilities

  • The Group Chief Risk Officer is at the forefront of the second line of defense, with the key activities and deliverables outlined above. (S)he functions as a member of Senior Management and a key support to the President and the Board of Directors. (S)he also acts as a strategic enabler, focusing principally on issues of risk management and addressing the challenges that impact implementation of overall corporate strategy and the achievement of business objectives.

  • In summary, under the overall supervision and guidance of the President, the Group Chief Risk Officer performs the following:

    Manages and supervises the staff of the Function by:

  • Planning, organizing and coordinating the activities of the Function;

  • Setting the overall objectives and leading the development of the annual work program;

  • Overseeing the execution of the work program and ensuring that deadlines are met;

  • Determining training needs and leading the development of credit risk capacity building programs;

  • Providing coaching, mentoring and conflict resolution;

  • Evaluating performance of Unit Heads and staff in the front office, and ensuring the achievement of PGRF objectives; and

  • Ensuring the technical competency, professionalism and high ethical standards for all staff members in the Function.

    Leads the organization of the Credit Risk Committee (CRC) by:

  • Supervising the CRC secretariat

  • Ensuring smooth processing of the CRC’s activities

  • Overseeing the preparation of the CRC’s annual report

  • Overseeing the updating of the CRC’s terms of reference and working procedures and

  • Providing analytical support to the CRC and Bank’s Operations Committee (OpsComm) as well as the technical working groups;

    Leads the development of the non-sovereign credit risk management policies and strategies by:

  • Proposing goals and strategies to ensure sound banking management of credit risk in AfDB’s non-sovereign operations and compliance with AfDB’s group strategy;

  • Proposing credit risk assessment and monitoring processes and methodologies;

  • Developing and promulgating portfolio review methodologies, policies and guidelines for the Bank's private sector loan, guarantee and equity investment operations with a particular focus on credit risk portfolio review, credit standards, exposure limits, risk-based pricing; and

  • Proposing credit risk models and systems including inputs to the Bank’s capital adequacy policy.

    Leads credit risk management for new non-sovereign operations by:

  • Proposing a risk rating to all proposed Bank non-sovereign lending operations, guarantees, and equity investments;

  • Providing advice and recommendations to operations in structuring each proposal, and providing appropriate risk mitigants for new proposed loan transactions, guarantee and equity investment operations;

  • Advising on the appropriate pricing in the light of the risk, structure and market conditions and advise on fair entry price equity valuations;

  • Ensuring that the approval of each new transaction complies with the credit process;

  • Monitoring compliance of loan amounts for non-sovereign operations with prescribed exposure limits;

  • Guiding and assisting with the integrity and anti-money laundering approach; formulating and promulgating sector and product credit management policies and guidelines; and monitoring and reporting on compliance thereof;

    Leads credit risk management for the Bank’s existing non-sovereign portfolio by:

  • Reviewing the credit risks of all existing Bank lending, guarantee, and equity investment operations and regularly updating their credit ratings;

  • Monitoring of the performance of the Bank’s equity portfolio, overseeing the periodic equity valuation exercise and ensuring valuation methodology compliance with internal policies and best industry practice;

  • Alerting the Risk Committee, Country and Sector Directors and SOU Head when there is a serious credit deterioration in an operation and when there are imminent defaults of borrowers in the Bank’s portfolio;

  • Providing independent
    strategic advice to operations and risk teams concerning assets whose quality is deteriorating, especially if the asset quality becomes such that rehabilitation is required (projects classified as “rehabilitation”);

  • Evaluating the adequacy of provisions for non-sovereign projects and recommending their adjustment as necessary;

    Key Interactions and Liaisons:

  • All Organizational Units of the Bank, for ensuring that Management is informed about all risks;

  • All Organizational Units under the Presidency;

  • External auditors, for review and certification of the effectiveness of internal controls over
    financial reporting;

  • Key external partners, including multilateral organizations and financial institutions, to exchange views on all aspects of risk management and objectives implementation including but not limited to credit, operational and market risk, asset and liability management policies and guidelines and ICFR; and

  • Rating agencies, including for the annual review of the Bank’s credit rating.

    Selection Criteria

  • Hold at least a Master’s degree or equivalent in Risk Management, Actuarial Science, International Finance, Mathematics, Business or Economics;

  • Have a minimum of 15 years work experience, of which 10 years should have been spent in private sector banking or multilateral development banking;

  • Good knowledge of risk assessment and management, internal capital adequacy assessment processes, analysis, deal structuring and negotiation in emerging and underdeveloped markets;

  • High degree of personal commitment, strong interpersonal skills with clear strategic vision and proven communication, leadership, management and supervisory skills;

  • Problem solving: applies business knowledge to the resolution of problems and identifies solutions to the benefit of the client (internal and external) and the organization, with strong second line of defense orientation;

  • Communication: Provides clear and concise oral and written communication; presents oral information with clarity and appropriate style and adapts language and style to suit the requirements of a particular audience;

  • Operational effectiveness: the commitment to ensure that full use is made of the systems, procedures and culture within the organization in order to deliver the required results;

  • Problem-solving and decision-making skills, with the ability to analyse complex information to identify the key issue/action and drive resolution;

  • Considerable knowledge and experience of best practice risk management;

  • Ability to communicate effectively (written and oral) in English or French, preferably with a working knowledge of the other;

  • Competent in the use of standard Microsoft Office Suite applications (Word, Excel, Access and Power Point); knowledge of SAP or similar enterprise resource planning software, integrated document management system or quantitative and qualitative data analysis packages, will be an added advantage;

  • Keen business acumen and critical thinking with a process orientation;

    How to Apply

  • For more information and job application details, see; African Development Bank Group Group Chief Risk Officer, PGRF Jobs in Nigeria

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