Manager, Risk Management (Environmental and Social Risk Management), Risk Management

Manager, Risk Management (Environmental and Social Risk Management)

Responsibilities:

Environmental and Social Risk Management Due Diligence

• Proactively identify all material environmental and social risks across Afreximbank’s operations using the approved risk identification methodology, following a top-down approach and considering risk causal factors, the likelihood of occurrence, impact, control activities, and effectiveness of controls.
• Ensure that appropriate and/or adequate controls are always in place to effectively manage Afreximbank’s environmental and social risks to ensure they are within acceptable risk appetite.
• Conduct Environmental and Social Risk Management due diligence including climate risk assessment and screening for transactions, projects, and other initiatives proposed for financing in line with Afreximbank’s E&S Guidelines/ ESG policy, National /African Union Guidelines as well as other leading practice standards like, the World Bank/IFC Performance Standards, World Bank Group Environmental, Health, and Safety Guidelines, Equator Principles, UN Principles for Responsible Investments, ISO 14001: 2015, ILO Gender, Equality, Diversity, and Inclusion Branch (GEDI) Guidelines, etc.
• Provide environmental and social risk input to the preparation of terms of reference for the onboarding of ESG technical consultants for projects/transactions proposed for financing.
• Prepare due diligence reports on environmental and social risk management and validate the categorization of transactions in line with the Bank’s ESG policy and guidelines.
• Review and validate transaction documentation in line with the Bank’s environmental and social risk management due diligence checklist.
• Perform transaction clearance and review on the Salesforce workflow system, as well as watchlisting/monitoring of transactions on the ESG RepRisk system.
• Review and opine on environmental and social risk due diligence reports submitted by the Bank’s technical consultants.
• Support the effective implementation of the Enterprise Risk Management (ERM) Framework to be able to establish an effective risk-based system to identify, measure, monitor, control, and report bank-wide environmental and social risks.
• Support the monitoring of ESG factors related to the Bank’s internal operations, e.g. carbon footprint assessment, waste management, Health and Safety standards (HSE), and social as well as governance factors.
• Support the mainstreaming of ESG and the implementation of related activities in the Bank’s subsidiaries.

ESG Transaction Monitoring and Covenant Management

• Provide oversight of Environmental and Social risk management covenants, undertakings, or Environmental and Social Action Plans (ESAPs) for transactions financed by the Bank.
• Monitor, track, and follow up on all long overdue ESG action plans (internal, and external,) and ensure timely closure or the presence of effective interim controls and an acceptable residual risk profile.
• Conduct visits to project sites including desktop review of project ESG safeguard implementation and coordinate related activities with appointed technical consultants, etc.

Risk Reporting and Analytics

• Prepare timely, comprehensive, and reliable risk reports to senior management and the Board on a monthly, quarterly, and ad-hoc basis. Such reports shall be reviewed and signed off by the Line Manager.
• Support the preparation of Afreximbank’s Annual ESG/ Sustainability Report and perform related activities as may be required by the Line Manager.
• Manage collection and analysis of primary and secondary data, and conduct gap assessments in line with the Bank’s ESG policy requirements and other leading practice standards.
• Perform periodic environmental and social risk (E&S), including climate risk management capability assessment to ensure that the Bank’s capability follows the laid down standards as per the Bank’s ESG Policy requirements.
• Coordinate and track Service Level Agreements (SLA) /requirements for the Risk Management division or otherwise as may be advised by the Line Manager and CRO.
• Ensure effective record keeping as it relates to operational and transaction due diligence reports, etc
• Provide input to the preparation of the annual ESG tactical plan, and strategy formulation process.

Management of Technical Assistance / Special Initiatives

• Support the implementation of ESG and climate-related initiatives such as the Bank’s participation in Climate Change Conferences, and accreditation of the Bank with relevant ESG and Climate-related organizations or standards, etc.
• Provide support for the implementation of the Bank’s Climate Finance Strategy, Sustainable Finance Framework, technical assistance programmes, etc.

Governance Process Management

• Serve as the Secretariat of the Bank’s ESG Committee and other risk management Governance Committees.
• Prepare the quarter or ad-hoc ESG Committee reports and ensure their timely delivery to Committee Members.
• Support the review and update of the Bank’s ESG Policy as well as operational guidelines within stipulated timelines as per policy requirements.

Training/ Capacity Building Programmes

• Support the implementation of ESG capacity building for members of staff and clients through the facilitation of trainings and awareness creation activities on environmental and social risk management as well as sustainability.

Audit and Risk Management

• Coordinate audit and risk management reviews for the Environmental and Social Risk Management function i.e. ensure that all audit, control testing, and external review requirements are timely and accurately provided.
• Ensure that all environmental and social risk management Internal and external audit findings are resolved within agreed timelines.

Other

• Any other duties that may be assigned to the role holder by Senior Management and Line Manager from time to time

 

Requirements: Qualification and Skill

• Bachelor’s degree and Masters degree in Environmental Sciences, Engineering, Economics/Sustainable Development, Environmental Management, or Environmental Policy from a recognized University and/or a professional qualification.
• A professional qualification or certification in environmental and social risk management, sustainable finance, climate finance, banking, or other relevant fields (e.g. GARP Climate and Sustainability Risk, CFA ESG Investing, etc) is preferred.
• At least 8 years of professional experience in commercial banking, development finance, or related industry

Process and Industry Knowledge

• Business and product knowledge, including an understanding of financial processes to be able to determine their impacts on ESG risks and controls
• Applied knowledge of environmental and risk management standards and frameworks (e.g., ISO14001:2015, Equator Principles, IFC Performance Standards, ILO Gender, Equality, Diversity and Inclusion Guidelines, UN Principles for Responsible Investments, World Bank Group Environmental, Health, and Safety Guidelines, etc).

Internal Change Agent

• Ability to function in a change-oriented setting with good knowledge of ESG and risk management practices in Africa as well as globally.
• Ability to articulate and promote the Bank’s ESG narrative to various stakeholders
• Ability to foster innovative thinking and practices

Skills Knowledge and Attitude

• Excellent oral and written communication skills in English. Knowledge of the Bank’s other working languages is an added advantage (French, Arabic, and Portuguese.
• Proficiency in Microsoft Office programs and ESG platforms including Word, PowerPoint, Excel, Outlook, ESG RepRisk, and other risk management system skills.
• Good project management skills and ability to manage multiple tasks simultaneously under tight deadlines.

Benefits and Contractual information:

• Willing and able to relocate to Cairo, Egypt.
• Suitably qualified candidates are encouraged to apply.

If you wish to apply for the position, please send your CV to Shearidan Rabsch at srabsch@caglobalint.com