Financial Risk Analyst (Market & Credit Risk)

Shape the future of risk management at BOA Kenya! As Risk Officer, you’ll drive enterprise risk initiatives, conduct stress tests, and ensure regulatory compliance. Your expertise will directly impact the bank’s stability and growth. We value innovation, integrity, and continuous learning. Bring your market risk experience and thrive in our collaborative environment.

Job Purpose

Providing detailed coverage of risk management and business support in line with BOA Kenya’s Risk Management Framework.

Responsibilities

Key Duties and Responsibilities for the New Staff:

 1)    Enterprise Risk Management implementation through:

• Support implementation and periodic review of the Enterprise Risk Management Framework covering Credit, Market, Liquidity, Project, and ESG risks.
• Review risk events and follow up on mitigation actions.
• Review and monitor Key Risk Indicators (KRIs) aligned to the Bank’s risk appetite.
• Maintain and update the Credit, Market, Liquidity, Project, and ESG Risk Registers.

2)    Stress Testing, Scenario Analysis & Valuation Modelling:

• Support the development and review of the stress testing framework, scenario analysis, and capital modelling, including climate risk stress testing.
• Conduct monthly Credit, Liquidity, and Market Risk stress tests and analyze results.
• Perform monthly GAP analysis for Liquidity and Interest Rate Risk
• Develop and enhance valuation and risk models (e.g., Value at Risk (Var), Sensitivity Analysis) and present findings to MRCC and ALCO for review and adoption.
• Contribute to forward-looking climate and transition risk scenario analysis in line with sustainability disclosure requirements.

3)   Risk Assessments & Monitoring:

• New Product and Process Risk assessments.
• Review and monitor ALM controls, policies & limits.
• Monitoring of risk indicators against the Bank’s various risk appetites.

4)   Reporting and Regulatory Enforcement:

• Support Market & Credit Policy reviews and governance updates.
• Check and ensure the adequacy between the Bank’s practices and regulatory requirements (Basel II and various Risk guidelines).
• Preparation of reports (daily, weekly monthly, quarterly and Board as required).
• Prepare dashboards, management and regulatory reports (IFRS 9 model analysis, ICAAP Model, Counterparty reviews).

5)   ESG & Climate Risk

• Support implementation of ESG and Climate Risk frameworks
• Assist in integration into risk management processes and risk reporting as required.
• Monitor ESG regulatory developments.

6)   Market Research:

• Daily scanning of Market information (Regulators, Securities Markets & General Information).
• Ensure the Bank’s alignment to best practice and global standards.

7)    Co-operation/Liaison with the Other Teams:

• Monthly follow up for implementation of risk matters.
• Attend other risk related committee meetings and ad-hoc Project committee meetings.

8)   Other special assignments as assigned by the Head of Enterprise Risk.

Minimum Requirements

Desired Academic and Professional Qualifications: –

• Bachelor’s degree in accounting, Finance, Economics or Business Administration from a recognized University.
• Financial Risk Management Certifications (FRM, CFA, FRR, ACI) preferred.

Competencies and Attributes

Skills/Experience Required

• 1–3 years’ experience in Market Risk within a bank or financial institution.
• Understanding of CBK Prudential and Risk Management Guidelines and other regulatory requirements.
• Knowledge of Enterprise Risk Management (ERM).
• Exposure to Credit, Treasury, Global Markets, or Branch Operations is an added advantage.
• Proficiency in Microsoft Excel.

Competencies

• Communication: Strong written and verbal skills.
• Integrity and Professional Competence: High ethical and professional standards.
• Analytical Skills: Ability to analyze and solve problems.
• Innovation: Ability to improve processes and solutions.
• Initiative: Self-driven with minimal supervision.
• Adaptability: Open and responsive to change.
• Continuous Learning: Commitment to ongoing professional development.