RISK OFFICER @ UNITED BANK FOR AFRICA
The Risk Officer at United Bank for Africa is responsible for identifying, evaluating, and mitigating various risks that could impact the bank's operational and financial stability. This role involves the development and implementation of risk management policies, ensuring that all activities comply with both internal guidelines and external regulatory requirements. The candidate will collaborate with different business units to foster a risk-aware culture across the organization, providing guidance on best practices for risk mitigation. Additionally, the officer will monitor market trends and economic indicators to anticipate potential threats to the bank's portfolio.The successful candidate will also be expected to prepare comprehensive risk reports and present findings to senior management and the board's risk committee. Key responsibilities include performing stress tests, managing credit risk assessments, and overseeing operational risk frameworks. The role requires a deep understanding of banking regulations in Tanzania and the ability to use analytical tools for data-driven decision-making. By maintaining a robust risk management framework, the Risk Officer plays a vital role in protecting the bank's assets and reputation while supporting sustainable business growth. The position is based at the Head Office in Dar es Salaam, Tanzania.
Key Requirements
Bachelor's degree in Finance, Risk Management, Economics, or a related field.
At least 3-5 years of experience in risk management within the banking or financial services industry.
Professional certification in risk management (e.g., FRM, PRM) is highly desirable.
Strong understanding of Tanzanian banking regulations and international standards like Basel III.
Proficiency in risk modeling and analytical software tools.
Excellent analytical, problem-solving, and critical-thinking skills.
Strong communication and report-writing skills for executive presentations.
Ability to work independently and as part of a multi-disciplinary team.
High level of professional integrity and ethics.
Knowledge of internal control systems and corporate governance principles.