Financial Risk Officer

The Financial Risk Officer at Akiba Commercial Bank Plc is responsible for overseeing financial risks, ensuring regulatory compliance with Bank of Tanzania (BOT) regulations, and fostering a strong risk management culture within the organization. Key responsibilities include monitoring Non-Performing Loan (NPL) ratios, sectoral concentration, and single borrower exposures to ensure compliance with BOT limits. The role involves identifying early warning signals for deteriorating credit quality, recommending timely risk mitigation measures, and reviewing credit approval processes, risk ratings, and collateral management for compliance with internal policies and BOT guidelines. Additionally, the jobholder supports IFRS 9 Expected Credit Loss (ECL) model validation, conducts credit stress testing, and assesses portfolio resilience under adverse scenarios. The role also includes monitoring daily liquidity ratios, funding concentrations, and cash flows; assisting in the Internal Liquidity Adequacy Assessment Process (ILAAP); and conducting liquidity stress testing. The officer will monitor FX exposures, interest rate risk, and market risk factors, ensuring compliance with BOT Foreign Exchange Regulations and internal limits. They will conduct Value at Risk (VaR) assessments, sensitivity analysis, and prepare monthly/quarterly risk reports for the Asset and Liability Committee (ALCO), Management Risk Committee, and the Board. Collaboration with business units to set up Key Risk Indicators (KRIs) for credit, liquidity, and market risk, validating results, and ensuring timely escalation of breaches is also required. The role involves reviewing risk policies in line with BOT/Basel III, maintaining Risk Registers, supporting risk awareness training, and assisting in the preparation of the Internal Capital Adequacy Assessment Process (ICAAP) for submission to the Bank of Tanzania.

Bachelor’s degree in Banking, Finance, Economics, Business Administration, or a related field; Professional risk certification (e.g., FRM, PRM); Minimum 3 years of experience in financial risk management within a business lending environment; Strong knowledge of BOT regulations, Basel III, and IFRS 9 standards; Proven experience in credit risk analysis, liquidity monitoring, and market risk measurement; Practical understanding of risk management tools, methodologies, and control frameworks; Excellent knowledge of financial risk management systems and reporting platforms.