Group Market and Business Risk Manager at Letshego Group

Main Purpose (Why does the exist)

• To identify, measure, monitor, analyse and report on market risk exposures that may affect the Group’s performance and capital on time.

Critical Deliverables /Core Accountabilities and Responsibilities

• Perform annual limit reviews for Group and subsidiaries and assist subsidiaries set limits, including counterparty limits.
• Monitor compliance with risk limits, identify and communicate potential risk concentrations, and limit exceedances and large exposures.
• Perform and interpret stress test results for market & liquidity risks.
• Train subsidiaries on Asset Liability Management.
• Establish and participate in country ALCOs/ Balance Sheet Management Committees.
• Review and monitor ICAAP across the subsidiaries.
• Ensure closure of regulatory observations on market risk, and monitor early warning signals/indicators.
• Identify emerging risks and control issues.
• Monitor the calculation and allocation of capital to market risk.
•  Coordinate the review and implementation of the market risk policies, market risk management framework and internal controls, and ensure compliance by the different business units.
• Participate in the market risk capital requirements calculation process under current regulatory frameworks.
• Suggest and implement measures leading to a better risk management framework and improvement of internal controls.
•  Obtain and maintain knowledge and insights into the business and external environments to assist management and the Board with the identification of material and emerging risks and to be in a position to challenge and review risks during the risk assessment processes.
•  Identify potential areas of vulnerability and risk in the business, suggest possible corrective action plans for the resolution of problematic issues, and provide general guidance on how to avoid or deal with similar situations in the future.
• Respond to ad hoc requests from the business, risk management or regulators.

Key Performance Indicators

• Closure of Regulator observations on Risk Management
• Monitoring of Early Warning Signals
• Delivery of risk transformation initiatives