Group Market Risk Manager

Equity Bank is hiring an experienced Group Market Risk Manager to lead and strengthen its enterprise-wide market and country risk frameworks. This role supports Equity Group Holdings Plc’s strategic vision, including the Africa Recovery and Resilience Plan (ARRP), by ensuring comprehensive identification, monitoring, and mitigation of financial risks across its subsidiaries in East and Central Africa.

Key Job Information

• Position: Group Market Risk Manager
• Location: Nairobi, Kenya
• Employment Type: Full-time
• Experience Level: Senior (7+ years)
• Salary Range: Competitive, based on experience

About Equity Bank

Equity Bank is one of the largest and most innovative financial institutions in Africa, with operations in Kenya, Uganda, Tanzania, Rwanda, South Sudan, and the Democratic Republic of Congo. Renowned for its commitment to financial inclusion, Equity continues to lead with digital transformation and purpose-driven banking that empowers individuals, businesses, and communities.

Through initiatives like the Africa Recovery and Resilience Plan (ARRP), the Bank aims to build resilience in value chains, facilitate cross-border trade, and support inclusive economic transformation across the region. Equity Bank is also a multiple award-winning institution recognized for its leadership in sustainable banking, customer service, and innovation.

The work culture at Equity Bank prioritizes integrity, innovation, excellence, and social impact, making it an ideal employer for professionals looking to make a meaningful difference while advancing their careers in finance and risk management.

Job Description

The Group Market Risk Manager will play a pivotal role in safeguarding the financial stability of Equity Group Holdings Plc. This role entails implementing effective market and country risk management frameworks, conducting oversight across subsidiaries, and aligning with Group-wide strategic priorities such as the ARRP.

The ideal candidate will provide expert insights into counterparty credit, interest rate, currency mismatch, and liquidity risk, while also ensuring compliance with regulatory requirements and internal risk policies. The position demands collaboration across business units, involvement in Group-wide reporting, and leadership in market risk capacity-building efforts.

Key Responsibilities

• Develop and implement robust market and country risk management policies across the Group and its subsidiaries.
• Ensure compliance with internal risk standards and regulatory benchmarks, including transaction monitoring and reporting requirements.
• Support the rollout and implementation of the Enterprise Risk Management Framework (ERMF).
• Deliver comprehensive market risk analysis and reporting for senior stakeholders, including Board and Group ALCO reports.
• Independently monitor and enforce adherence to trading risk limits including stop loss, VAR, counterparty, country risk, and rate tolerance limits.
• Validate pricing of revaluation rates and ensure treasury operations comply with policy and market standards.
• Generate daily exposure reports, verify liquidity ratios, and review exception transactions through call-over reports.
• Conduct analysis on asset-liability mismatches, interest rate sensitivity, and counterparty exposures.
• Lead Group-level initiatives to improve risk management capabilities and support long-term strategic goals.
• Provide risk guidance on current and proposed products in Treasury, Investment Banking, and other areas.
• Build risk management capacity across subsidiaries by offering training, support, and tools.
• Proactively identify and mitigate emerging market and country risks to safeguard Group assets.
• Design and conduct stress testing and scenario analysis in line with the ERMF.
• Engage with business units and participate in partnership meetings to ensure alignment with risk and business strategies.
• Perform macroeconomic analysis to inform country risk assessments and support strategic planning efforts.
• Oversee preparation of Basel III reports, including Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR).
• Execute additional tasks as assigned by the immediate supervisor.

Required Qualifications

• Bachelor’s degree in Statistics, Finance, Banking, Accounting, Risk Management, Mathematics, or related field.
• Professional certifications: ACI (Financial Markets Association), FRM (Financial Risk Manager), or CFA (Chartered Financial Analyst).
• Additional certification in ISO 31000 (Lead Risk Manager) is an added advantage.
• Minimum of 7 years of experience in financial services, with at least 4 years focused on Market Risk.
• Experience managing multi-country risk profiles, with a particular focus on East and Central Africa.
• Strong knowledge of risk policy development, compliance frameworks, and financial markets operations.

Preferred Qualifications

• Demonstrated success in team leadership and cross-functional collaboration.
• Familiarity with Treasury systems, trading platforms, and risk analysis tools.
• Experience supporting large-scale initiatives such as regional economic development plans or ESG-related strategies.

Benefits and Compensation

• Highly competitive salary and performance-based incentives.
• Comprehensive health insurance coverage.
• Retirement and pension benefits aligned with industry standards.
• Professional development programs and global certification sponsorships.
• Leadership training and fast-track career progression opportunities.
• Supportive workplace culture that values innovation, impact, and collaboration.

How to Apply

If you’re a seasoned financial risk expert with a passion for driving strategic resilience in African markets, this is your opportunity to lead at one of the continent’s most dynamic banking institutions.

Click the “Apply Now” button below to submit your application for the Group Market Risk Manager position at Equity Bank.

Join Equity and help shape the future of financial risk management in Africa.