Job Opening at BRAC Ghana Savings and Loans Ltd

Job Opening at BRAC Ghana Savings and Loans Ltd

POSITION: Risk Manager

Company Profile

BRAC Ghana Savings and Loans Ltd. (BGSL) is a socially responsible for-profit organization that engages individuals, particularly women, in sustainable economic and income-generating activities in Ghana. We aim to deliver accountable financial services at the bottom of the pyramid. BGSL is a subsidiary of BRAC International Holdings B.V. (BIHBV), which works in seven African and Asian countries.

PURPOSE

The goal of this function is to assist the Chief Risk Officer in ensuring that all risks are recognized, appropriately assessed, and measured and that adequate plans and procedures are in place to minimize the risks to an acceptable level.

Responsibilities

• Analyzing inflation patterns, market developments, and investment trends to align BGSL’s activities with best practices and relevant frameworks.
• Computation and analysis of several credit risk criteria resulted in the creation of a
• Management Risk Committee report for decision-making.
• Monthly risk and control self-assessments, suspicious transactions, and incident reports, as well as other data, are collected to aid in the creation of risk reports.
• Prepare risk review input for branches/service points and departments for monitoring, implementation, and follow-up with risk owners.
• Market trends are monitored to determine market risk, interest rate risk, foreign exchange risk, and national risk to construct the BGSL risk profile.
• Calculation of branch deposit concentration and compilation of the Deposit Analysis report to ensure ongoing monitoring of BGSL’s deposit structure.
• Conducting independent assessments and spot checks in branches and head offices to examine the effectiveness of policies and procedures, as well as identifying vulnerabilities and gaps for process flow improvement.
• Review and update project risk tools and registries for identifying uncertainties, analysis, and prioritization. Risks include project process flow mapping and risk assessment for ongoing improvement and monitoring.
• Conducting a business impact and risk evaluation of the various business areas to ensure business continuity in the event of an interruption or tragedy.
• Participating in the Enterprise Risk Assessment to improve internal controls for business units, incident management, and reduce business surprises.
• Proactively conduct a review of organizational rules and procedures in response to BGSL’s shifting risk profile.
• Update risk registration with internal loss database, external loss database, and new market development register.
• Any other obligations delegated by the Chief Risk Officer.

Safeguarding responsibilities

• Implement the safeguarding policy to foster a culture of safety at all levels of the programme. Serve as a primary source of assistance, guidance, and expertise on safeguarding to create a safe workplace.
• Responsible for ensuring that team members receive adequate training, support, and access to resources about issues detected and addressed under the safeguarding policy and procedure.
• Follow the safeguarding reporting procedure in the event of a reportable occurrence, and encourage others to do the same.

Required Skill or Experience

EXPERIENCE (Including Sector/Industry)

• A minimum of five years of relevant work experience, ideally in risk management, internal auditing, compliance, operations, or credit functions.
• The Chartered Institute of Bankers qualification is preferred.
• Deep awareness of risk disciplines and the regulatory landscape.

Knowledge, Skills, and Competencies

• Possess an extensive understanding of banking operations; credit and market risk.
• Proven leadership abilities and teamwork.
• Strong analytical and problem-solving abilities.
• Applied creativity and inventive thinking
• Project Management Skills
• High level of integrity and ethical ideals.
• I am enthusiastic, confident, and capable of working alone.
• A results-driven individual who can fulfill deadlines.
• Ability to build relationships with risk owners and other stakeholders to gather risk knowledge and data.

SPECIFIC EDUCATION/PROFESSIONAL QUALIFICATION

• Chartered Institute of Bankers/Auditors qualification is suggested for those with a degree, master’s concentration, or major.
• Statistics, Banking, and Business

How to Apply for this Job Opening at BRAC Ghana Savings and Loans Ltd

All qualified and interested candidates should email their cover letters and CVs, along with photocopies of educational credentials, to bgslhirings23@gmail.com by July 15, 2024.

Please provide the name of the position on the cover letter. Women are encouraged to apply.

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