18 Jan 2016

GIIF Job Vacancy : Risk and Compliance Officer

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The Ghana Infrastructure Investment Fund has been established pursuant to the Ghana Infrastructure Investment Fund (GIIF) Act, Act 877 of 2014. GIIF’s mandate is to provide financial resources to manage, coordinate and invest in a diversified portfolio of infrastructure projects in Ghana for national development.

The GIIF is governed by a nine-member Board, appointed as per Section 8 of Act 877

Job Purpose:

•   The Risk and Compliance Officer will be part of a multidisciplinary team of professionals under the general supervision of the Chief Risk Officer (CRO).
•   Assist to develop and implement a detailed strategic risk management framework, both operational and those relating to the individual transactions of the Fund.
•   Assist to develop the processes and recommend the risk appetite statements and limits, and ensure the Fund remains within these limits.
•   Provide support to oversee the establishment of frameworks, policies, standards and guidelines for risk management.
•   Ensure GIlF’s compliance with legal and regulatory requirements.
•   Assist with managing enterprise-wide, compliance, and operational risk, among others.
•   Support the continued embedding and maintenance of a risk culture within the Fund

Position Role and Responsibilities:

•   Assist in developing risk assessment and monitoring policies and procedures for both the operations of the Fund and for the transactions, including sourcing information setting and monitoring of limits, to ensure that all existing and emerging risks are appropriately identified, monitored and managed, and that any breaches are appropriately recorded and managed
•   Identify and determine the materiality of the risks and report on risk management issues
•   Assist in ensuring compliance with regulatory and statutory provisions regarding risk management, prompt reporting of risk positions and provision of advice on possible resolutions of critical issues.
•   Support the creation and communication of risk management policies.
•   Assist in designing control activities to measure and monitor risk.
•   Assist in providing tools, techniques, training and professional guidance to assist the Fund to identify, analyse and respond to risks and compliance issues.
•   Assist in monthly reporting on risk matters, including compliance with relevant regulatory, legal and internal requirements.
•   Support the championing of risk management as an organisational policy.
•   Assist in the activities of the risk function in transaction approval, including requiring additional risk mitigation where appropriate.
•   Assist in developing annual plans, budgets and corresponding business objectives of the Risk Management Department
•   Assist in undertaking regular compliance reviews and monitoring.
•   Any other duties that may be assigned from time to time by the Chief Risk Officer

Qualification Required & Experience

•   Bachelor’s degree from an accredited institution in finance, mathematics, business administration or other relevant area from an accredited institution.
•   A relevant Master’s degree and a professional qualification would also be desirable.
•   The successful candidate will have at least 5 years of risk management and regulatory knowledge and experience in key risks facing financial services companies.
•   Knowledge of current trends and developments, and experience in theories of risk matters and infrastructure development and finance in Africa and Ghana.
•   Reasonable expertise in the assessment and management of key financial risks, including credit and market risks of complex products and lending transactions.
•   Reasonable understanding and experience with business best practices in the quantification of various types of risks, including the ability to manage portfolio of projects and credit exposure in an efficient manner.
•   Reasonable transactional experience, including assessment of financial and legal structures for both project financing, tendering processes, construction, lending and investment products.

Skill and Abilities and Personality Traits:

•   Capacity for research and collating information.
•   Good interpersonal skills, ability to interact effectively with people at different levels within the Fund.
•   Ability to analyze and evaluate data for completeness, acceptability and accuracy.
•   Results oriented and excellent communication skills.
•   Excellent computer skills, particularly in MS word, excel, access and PowerPoint and proficiency in the utilisation of risk management tools and software.
•   Commitment to GIIF’s vision, mission, strategy and values.
•   Ability to work with the highest integrity, confidentiality and strong work ethics.
•   Analytical mind with strong orientation to risk analysis and modeling.
•   Knowledge and proficiency in risk management tools.
•   Ability to work under pressure to meet tight deadlines.
•   Good understanding of Investment Fund Management.
•   Ability to work cooperatively and collaboratively with all levels of employees, management, and external agencies to maximize performance, creativity, problem solving, and achieve targeted objectives of the Fund.

Location: Accra

How to Apply

Interested and suitable applicants are to address their applications with detailed Curriculum Vitae to the Acting Chief Executive Officer, GIIF, and forward to: [email protected] Closing Date: 29 January, 2016 Kindly note that only shortlisted applicants would be contacted. If you do not hear from us two (2) weeks after the deadline, please consider your application unsuccessful

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