BANK OF BARODA, India's International Bank, one of the leading Banks in India, is having overseas offices/branches in 26 countries in all the 5 continents. Bank of Baroda (Tanzania) Ltd, a wholly owned subsidiary of Bank of Baroda, is in operation in Tanzania since 2004. The Bank wants a MANAGER to head the RISK MANAGEMENT DEPARTMENT for its Head Office in Oar es Salaam. The job specifications are as under:
Job Role:
Responsible for strengthening the comprehensive Risk Management system in the Bank. It will encompass entire spectrum of risk, Credit Risk, CountrylTransfer Risk, Market Risk (e.g. interest rates, foreign exchange rates, prices of securities, shares, etc), Liquidity Risk, Foreign Exchange Risk, Operational Risk, Legal Risk, and Reputational- Risk. The incumbent will be responsible for independent review of risk.
Duties:
• Minimize the probability of inappropriate losses due to various risks the bank is exposed.
• Facilitate a comprehensive view of the bank's risks aligned with the bank's strategy and opportunities.
• Design and implement business processes tied to the Risk Management mission and objectives.
• Define and develop the analytical tools needed to measure risk including performance measurement, methodology and key performance indicators.
• Design and implement system enh-ancements (for existing systems) and new Risk Management systems.
• Risk associated with all products and services offered by the Bank will be covered for the assessment/management of risks.
• Effectiveness of Risk Management Unit's infrastructure & systems (policies, processes, procedures & tools) in achieving compliance requirements, optimal efficiency, resource utilization and cost containment.
• Preparation of quality of risk management reports to various management committees.
• Ensuring compliance with statutory requirements and playing a key influential role towards the formulation of industry policies and standards in liaison with regulatory authorities.
• Overseeing and enforcing risk management policies and limits to close significant gaps, developing systems to generate a robust MIS to identify, monitor, manage and control credit, market and operational risk.
Qualification and Experience:
Tanzanian candidates having following qualification and experience can apply;
• A graduate in any discipline
• Good computer application skills
• Good analytical skills or experience in preparation of various Risk Management reports for the Board and various Committees of the Board.
• Preference will be given to the candidates having relevant experience.
Compensation:
This is a senior management position .The compensation will be commensurable with the qualification and experience.
Attributes:
Candidates for the post must be self-motivated, with good track record. They must have professional integrity and demonstrating ability to make immediate and positive impact in the operations of the Bank.
Mode of Application:
All applications should have names of two official referees with their contacts. Applications accompanied by professionally prepared CVs, copies of all supporting documents along with a recent photograph should be submitted within 16th September, 2010 to the following address.
The Managing Director Bank of Baroda (Tanzania) LId Box. No. 5356 Dar es Salaam
Job Role:
Responsible for strengthening the comprehensive Risk Management system in the Bank. It will encompass entire spectrum of risk, Credit Risk, CountrylTransfer Risk, Market Risk (e.g. interest rates, foreign exchange rates, prices of securities, shares, etc), Liquidity Risk, Foreign Exchange Risk, Operational Risk, Legal Risk, and Reputational- Risk. The incumbent will be responsible for independent review of risk.
Duties:
• Minimize the probability of inappropriate losses due to various risks the bank is exposed.
• Facilitate a comprehensive view of the bank's risks aligned with the bank's strategy and opportunities.
• Design and implement business processes tied to the Risk Management mission and objectives.
• Define and develop the analytical tools needed to measure risk including performance measurement, methodology and key performance indicators.
• Design and implement system enh-ancements (for existing systems) and new Risk Management systems.
• Risk associated with all products and services offered by the Bank will be covered for the assessment/management of risks.
• Effectiveness of Risk Management Unit's infrastructure & systems (policies, processes, procedures & tools) in achieving compliance requirements, optimal efficiency, resource utilization and cost containment.
• Preparation of quality of risk management reports to various management committees.
• Ensuring compliance with statutory requirements and playing a key influential role towards the formulation of industry policies and standards in liaison with regulatory authorities.
• Overseeing and enforcing risk management policies and limits to close significant gaps, developing systems to generate a robust MIS to identify, monitor, manage and control credit, market and operational risk.
Qualification and Experience:
Tanzanian candidates having following qualification and experience can apply;
• A graduate in any discipline
• Good computer application skills
• Good analytical skills or experience in preparation of various Risk Management reports for the Board and various Committees of the Board.
• Preference will be given to the candidates having relevant experience.
Compensation:
This is a senior management position .The compensation will be commensurable with the qualification and experience.
Attributes:
Candidates for the post must be self-motivated, with good track record. They must have professional integrity and demonstrating ability to make immediate and positive impact in the operations of the Bank.
Mode of Application:
All applications should have names of two official referees with their contacts. Applications accompanied by professionally prepared CVs, copies of all supporting documents along with a recent photograph should be submitted within 16th September, 2010 to the following address.
The Managing Director Bank of Baroda (Tanzania) LId Box. No. 5356 Dar es Salaam
