Summary
Date Posted: Wednesday, September 29, 2021 , Base Salary: Not Disclosed

JOB DETAILS:
Head of Enterprise Risk
Location: Head Office Reporting to Managing Director

Summary of Responsibilities:
To facilitate the execution of Enterprise Risk Management (ERM) processes and infrastructure as a key enabler to achieving the business objectives of the bank sustainably.

Scope of Duties:
• To integrate risk management within the strategy development process of the bank.
• To develop and communicate risk management policies, risk appetite and risk limits of the bank
• To continuously monitor the Bank’s critical risks and develop risk mitigation strategies to respond to these risks
• To establish, communicate and facilitate the use of appropriate Enterprise Risk Management methodologies, tools and techniques to effectively manage the risks of the bank
• To work with business units to establish, maintain and continuously improve risk management capabilities and support business sustainability
• To facilitate enterprise-wide risk assessments and monitor priority risks across the bank
• To implement risk reporting to the Executive Committee, Board and Senior Management
• To ensure effective alignment between the Enterprise risk management process, internal Audit and risk financing
• To initiate regular risk management education and training across the Bank
• To assist the Directorate, Executive Committee, and the Assets and Liabilities Committee with capital and resource allocation decisions
• To provide an independent view regarding proposed business plans and transactions
• To develop project risk management capabilities within the Bank
• To develop and implement an IT Risk strategy to support Enterprise Risk Management
• To determine the risk-bearing capacity of the bank and advise on self-insurance portfolio options as in keeping with risk management strategy, including financing options for the cost of risk retention
• And any other duties that may be assigned.

Academic/Professional Qualifications:
• Bachelors’ degree in a Business, Finance, Statistics, Mathematics, Economics, Accounting or other quantitative fields
• Masters’ Degree or Professional Qualifications in relevant fields e.g. finance, ICT security, banking is desirable
• 8 years’ experience in Business (preferably Banking); 3 of which should be at senior management level
• Strong grasp of Enterprise Risk Management principles and philosophy

Competence Requirements:
• Solid grasp and interpretation of industrial and national economic trends
• Strong strategic and conceptual skills
• Proven leadership and people management skills
• Solid business acumen a nd fi nancial skills
• Strong analytical and problem solving skills
• Strong decision-making, conflict resolution and problem solving skills
• Strong presentation skills, verbal and written communication skills,
• Team player with strong interpersonal skills
• Stakeholder management.
• Ability to work under pressure and exercise excellent judgment
• Integrity and professionalism

Work Hours: 8

Experience in Months: 96

Level of Education: Bachelor Degree

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Job application procedure
All applications and copies of certificates should be submitted to Human Resources department by end of 08th October 2021 through;
THE HUMAN RESOURCES DEPARTMENT
BANK OF AFRICA – TANZANIA
NDC DEVELOPMENT HOUSE
OHIO / KIVUKONI STREET
P.O Box 3054
DAR ES SALAAM
TANZANIA.
Or through email: hr@boatanzania.com 

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