Manager: Market, Liquidity and Insurance Risk

This role ensures that risk exposures are effectively identified, measured, monitored, and mitigated to enable sustainable growth, enhance resilience in diverse African markets, and support the Africa Recovery and Resilience Plan’s (ARRP) goals of capacitating value chains, expanding trade, and driving economic transformation in East and Central Africa.\n\n### Key Responsibilities\n\n#### Market Risk Management\n- Maintain the Group Market Risk Management Framework and policies covering banking book and trading book exposures for the Bank and market/asset liability exposures for the Insurance Group.\n- Ensure alignment with Basel III/IV market risk standards (Bank) and IFRS 17 investment risk requirements (Insurance).\n- Ensure compliance with Central bank and insurance regulatory guidelines.\n- Develop and oversee methodologies for Value at Risk (VaR), Expected Shortfall (ES), and sensitivity analysis (PV01, DV01, FX & IR sensitivities).\n- Manage Interest rate risk in the banking book (IRRBB): EVE and NII sensitivity.\n- Oversee equity and property investment risk (Insurance) and manage duration, convexity, and ALM mismatches.\n- Monitor compliance with market risk appetite and limits including FX position limits, interest rate risk limits, and trading book VaR/ES limits.\n- Identify emerging market and liquidity risks such as FX volatility, interest rate shocks, credit spread widening, and equity downturns.\n- Produce monthly and quarterly market risk reports for Group ALCO, Insurance investments committees and Board Risk Committee.\n\n#### Liquidity Risk Management\n- Maintain the Group Liquidity Risk Framework and policies, ensuring banking and insurance requirements are clearly differentiated.\n- Ensure alignment with LCR, NSFR, and ILAAP expectations (Bank) and liquidity coverage/stress scenarios per insurance regulations.\n- Support Group-wide liquidity stress testing across both Bank and Insurance entities, incorporating market-wide, name-specific, and combined stress scenarios.\n- Manage large policyholders surrender risk (Insurance) and loss of wholesale funding (Bank).\n\n#### ICAAP and Enterprise-wide Stress Testing\n- Support the ICAAP framework, calendar, and end-to-end production across entities and the Group.\n- Align ICAAP with business plan, risk appetite, and recovery options.\n- Coordinate cross-functional contributions (Finance, Treasury, Credit, Strategy) and ensure ICAAP informs decisions.\n- Design and maintain a Group stress testing policy and methodology with severe-but-plausible scenarios.\n- Calibrate macro paths (GDP, inflation, rates, FX, unemployment) and satellite models linking macro factors to losses, NII/EVE, RWA, capital, and liquidity.\n\n### Core Accountabilities\n- Financial: Effective monitoring and control of market and liquidity risk exposures within approved risk appetite.\n- People: Support capability building and knowledge sharing across the department.\n- Processes: Maintain robust financial risk monitoring, reporting, and escalation processes; drive continuous improvement and automation.\n- Systems: Utilize and support enhancements to risk systems, models, and reporting tools.\n- Stakeholders: Provide clear, concise, and actionable risk insights to Treasury, ALCO, senior management, and regulators.\n\n### How to Apply\nInterested and qualified candidates should apply online through the Equity Bank career portal on equitybank.taleo.net. Please ensure your application is submitted before the deadline on March 6, 2026.