Manager, Financial Risk Management

Nairobi, Kenya

The Zamara Group is a diversified financial services business specializing in pensions, medical services, insurance and actuarial solutions. Headquartered in Nairobi, Kenya, the Group has a presence in eight countries and a Pan-African ambition. Zamara has a rich heritage in Kenya spanning over 30 years. Since its inception, the firm has significantly grown in terms of size, client base and range of services. The Group has been at the forefront of industry, influencing the way it works and at the cutting edge of innovation. Zamara’s higher purpose is to create a financially secure and prosperous society. The Zamara culture is based on the values of Simplicity, Empathy and Trust.

Roles and responsibilities

Achieving Zamara’s ambitious strategic priorities will be complex and challenging. Its continued success will be dependent on building and retaining a world-class team. The Manager will assist in developing and pitching services in addition to managing and providing consultancy services to a portfolio of clients.

The role will report to the Team Leader.

In more detail, the areas of responsibility include:

Financial Risk Management & Data:

Working with the team to deliver engagements related to financial risk management (credit risk, liquidity risk, market risk and operational risk), enterprise risk management, data analytics, and compliance.

Adaptability in learning about various compliance and regulatory requirements in addition to global best practices

Ability to research and develop various processes and systems

Responsible for supporting a portfolio of clients

Timely delivery of projects as per set deadlines

Undertaking data checks & analysis as well as preparing project reports

Help develop and implement processes and standards

Ensure delivery of high-quality output whilst working on a wide range of concurrent assignments.

Ability to deliver bespoke risk-related training programs to clients

Client relations:

Manage client relationships, including attending client meetings and have greater involvement in terms of presentations and discussions

Initiate and support business development and client relations including working on proposals and tenders

Billing and debt collection:

Assist accounts with billing and collection of all pursued but uncollected debts

Professional development:

Develop expert knowledge of all the processes/procedures & systems used for Data & Banking projects

Develop technical knowledge through formal and on the job training

Initiate a project and work on it to completion

Take ownership on research initiatives and participate in R&D projects

Experience and personal qualities

The following experience is preferred:

Bachelor’s degree in Accounting, Actuarial Science, Financial engineering, Business, Engineering, Economics, Statistics, or related relevant degree course.

Must have 4 – 6 years of experience working in Financial Risk Management with a focus on Credit Risk.

Must have at least 3 years of experience working with a consultancy for clients in the financial services sector.

Demonstrated experience in reviewing and/ or developing financial and credit risk models (IFRS 9 models, credit scorecards, stress testing models, ICAAP / ILAAP, operational models, etc.)

Good understanding of banking regulations across East Africa with a keen focus on regulatory capital regimes, capital and liquidity assessment programs, Basel guidelines, etc.

Must have a relevant professional qualification such as FRM, ERM, ACCA, CFA, CPA.

Certifications in Stress Testing, ESG and climate risk would be an added advantage

Familiarity with data privacy and AML/CFT/PF regulations

Proficiency in Excel with basic programming skills (R, Python)

The following personal qualities are preferred:

Strong analytical and problem-solving skills

Ability to think commercially, technically, and strategically

Excellent teamwork and collaboration

Strong time management and organizational skills

Effective leadership, supervisory, and mentoring abilities

Proactive and innovative mindset

Strong business acumen and client-facing skills

Responsible, accountable, and results-oriented

Excellent written and verbal communication skills