CHIEF RISK OFFICER

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 the Ghana Infrastructure Investment Fund Act, 2014.

Applications for the following position are now sought:

CHIEF RISK OFFICER
POSITION SUMMARY

The Chief Risk Officer (CRO) will report to the CEO. The CRO provides proactive oversight of financial and operational risks within the GIIF, including the assessment and measurement of credit and market risks. More specifically, the CRO is responsible for strengthening the Fund’s capacity to identify and manage the credit risk present in the Fund’s project portfolio and its treasury activities (including investments and financial derivatives portfolios). He/She also oversees the management of the Fund’s exposure to market and operational risks.

PRINCIPAL DUTIES AND RESPONSIBILITIES

As a key member of the strategic management team of the GIIF, the CRO provides technical and thought leadership in the design, implementation and periodic review of the organization’s risk management framework and policies. The CRO works with senior management and represents GIIF’s management team before the Board of Directors on issues pertaining to risk management responsibilities.

Specific accountabilities include:

• Managing a highly skilled, interdisciplinary staff;
• Designing, seeking approval and maintaining up to date  risk management and compliance frameworks for the Fund, including applicable policies and guidelines;
• Ensuring regular update of the organization’s credit rating and overall risk profile;
• Chairs the Risk and Compliance Management Committee (RCMCO);
• Collaborating in the risk assessment process for new infrastructure projects,  counterparties for investments  and new funding;
• Providing an objective review of the credit quality of the Fund’s projects;
• Actively contribute to the management of the Fund’s impaired assets with the goal of maximizing asset recovery;
• Promoting and maintaining a network of external contacts relevant to overall risk management;
• Developing annual plans, budgets and corresponding business objectives of the Risk Management Division;
• Ensuring successful achievement of the plans and objectives within established budgets and timeframes;
• Fostering a mature risk culture, including the sharing of evolving best practices;
• Providing critical input and assisting with the development of strategic and annual plans for the organisation;
• Undertaking regular compliance, monitoring and reviews; and
• Reporting to the CEO and the Board on Risk Management and Compliance.                 

EXPERIENCE REQUIREMENTS

• 10+ years of relevant work experience in banking or financial institutions, including leading roles in risk management or other relevant disciplines and a proven track record of managing risk successfully.
• A seasoned and innovative risk management expert with strong leadership skills, people management abilities, strategic vision and proven track record at international and complex organisations.
• Proven track-record and expertise in the assessment and management of key financial risks, including credit and market risks of complex products and lending transactions.
• Must have a strong understanding of project finance and project finance activities, including construction risks, mezzanine financing, project procurement, as well as capital markets and capital market activity, including the mechanics of investments, funding, swaps, liquidity management and derivatives.
• Must have a strong 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.
• Proven transactional experience, including assessment of financial and legal structures for both project financing, tendering processes, construction, lending and investment products.
• Strong communication skills and diplomacy, including the ability to explain complex technical concepts to a non-expert audience.
• An advanced degree, Master’s or equivalent, in finance, mathematics, business administration or other relevant area and/or a professional certification in a relevant discipline. 

Please contact Elizabeth Hamilton, Head of Asset Management, Drayton Finch via the Apply button.