CAREER PROFILE

• A Quantitative Analyst with strong financial modeling, programming, mathematical and analytical skills gained over a 7 year risk management career within a listed and diversified financial services group with interests in commercial and investment banking, short term and life insurance, asset management, life assurance and mortgage lending..
• My career path has evolved around application of quantitative and qualitative methods in risk quantification and risk management strategies. I have a strong and comprehensive knowledge and understanding of the Basel II/III Accords, Solvency II Accord as well as other Risk Management frameworks such as the ISO 31000 and the COSO ERM Integrated Framework.

• AREAS OF EXPERTISE
  ·  ERM framework
  ·  Risk appetite statement
  ·  Business continuity
  ·  ORSA framework
  ·  Basel II/III and IFRS 9 Compliance
  ·  New product development
  ·  Financial Analysis
  ·  Operational Risk Management and Modelling
  ·  Market Risk Management and Modelling
  ·  Liquidity Risk Management and  Modelling
  ·  Credit Risk Management  and Modelling
  ·  Risk Registers
  ·  Project management
  ·  Stress testing
  ·  Processes, Policy &     Procedure  Formulation and Custodianship
  ·  Risk Inspections (Audits)
  ·  Risk Reporting
  ·  Risk Awareness and Planning
• ACHIEVEMENTS
  ·         Presenting risk management reports in Board Risk Committees of Strategic Business Units (SBUs) and ALCO.
• ·         Revamped the Operational Risk Management Policy
• ·         Revamped the Liquidity Risk Policy
• ·         Revamped the Contingency Funding Plan
• ·         Revamped the Market Risk Policy
• ·         Revamped the Stress Testing framework
• ·         Revamped the Treasury Middle Office processes
• ·         Developed the ZB Bank counterparty rating model
• ·         Model development and back testing for Basel II/III
• ·         Validated the ZB Bank IFRS 9 models
• ·         Mentored student Interns
• ·         Church Trustee Board member
• ·         Quality circle chairman
• ·         Hostel prefect

KEY SKILLS AND COMPETENCIES
Professional

·         Have thorough understanding of financial markets and risk management disciplines

·         Attending management meetings

·         Can communicate effectively and build effective teams

·         Coordination with external parties notably External Auditors, Rating Agencies, Consultants and Central Bank

·         Ability to constantly be on the lookout for new information affecting risk management

·         Ensuring that appropriate legislative, regulatory, professional and business standards are adhered to

·         Data maintenance & accuracy, data warehousing/filing and diary management and

·         Report writing

Personal

·         Passionate about the financial markets and risk management

·         Ability to work with little supervision and enjoy doing so.

·         Ability to adapt to new processes and learn new skills quickly

·         Dependable and reliable in supporting and enabling team effort to produce genuine short and long -term sustainable results.

·         Highly performance driven and innovative individual with excellent analytical skills

·         Planning, leadership, coordination, directing and controlling

·         Excellent written and verbal skills

·         Avid researcher

EDUCATION
Current Studies

1.      MSc in Financial Engineering with National University of Science and Technology (Zimbabwe) – commenced in July 2019

2.      The Professional Risk Managers’ International Association (PRMIA) Credit and Counterparty Risk Manager (CCRM) Certificate

3.      The Professional Risk Managers’ International Association (PRMIA) Market, Liquidity and Asset Liability Management Risk Manager (MLARM) Certificate

Professional Qualifications

1.      Certified Basel iii Professional (CBiiiPro) with Basel iii Compliance Professionals Association (2019)

2.      Certified Stress Testing Expert – Basel 3 (CSTE-B3) with Basel iii Compliance Professionals Association (2019)

3.      Certificate in Business Enterprise & Entrepreneurship with Macmaine School of Computing (2017)

4.      Risk Management for Projects with University of Adelaide (2017)

5.      I.O.B.Z (The Institute of Bankers of Zimbabwe), Diploma (2015)

Academic Studies

1.      Bachelor of Science Honours Degree in Applied Mathematics – NUST 2006 – 2010

Degree Class         :     Upper Second Class (2.1)

Internal Courses – ZBFHL

Credit Risk Analysis, Anti Money Laundering, Effective Business Communication, Supervisory Management Skills, Quality Circle leaders, Legal and Compliance management, Financial Statements Analysis, Balanced Scorecard and Tip Off Anonymous.

External Courses

Modworld Consulting – Operational, Market and Liquidity Risk Modeling

Staz Risk Solutions – Certified Enterprise Risk Specialist (CERS),

Modworld Consulting – Basel II/III & IFRS 9 Credit Risk Modeling, Validation and Compliance

Computer knowledge

Visual Basic Programming, Python programming and R programming, MS Word, MS Excel, MS Power Point, MS Access, MS Visio and MS Outlook.

WORK EXPERIENCE
ZB FINANCIAL HOLDINGS

Current Position: Manager – Operational Risk & Market Risk (01/09/2018 to date)

Overall function

Identifying, measuring, monitoring, controlling, mitigating and reporting on risk exposures on market risk, liquidity risk and operational risks in order to ensure the attainment of the company’s strategic goals. Enforces and monitors all business units to ensure they comply with regulatory requirements concerning market, liquidity and operational risks.

Duties & Responsibilities

·         Identifying, measuring, monitoring, controlling, mitigating and reporting on risk exposures on market risk, liquidity risk and operational risks in the Group.

·         Coordinates the Asset and Liability Committee as Secretary.

·         Implements, facilitates compliance with regulations and industry standards.

·         Provides training to business units on liquidity, market and operational risk issues.

·         Developing and implementing Market Risk and Operational Risk Models

·         Validating Credit Risk Models

·         Performs Stress Tests for the Bank in line with regulatory requirements for credit risk, liquidity, interest rate, foreign exchange and operational market risks

·         Conducts branch and business unit inspections and compiles reports relating to operational risks.

·         Formulates strategies and plans to mitigate liquidity, market and operational risks.

·         Develop and maintain risk management tools and metrics for use in Liquidity, Market & Operational risk monitoring

·         Publish the quarterly risk management newsletter (RiskCombo) for the Group

·         Coordinating units in respect of Global Credit Rating Requirements for ZB Bank’s Global Rating

·         Performs any other duties assigned by superiors.

Risk Officer – Operational Risk & Market Risk (01/02/2016 to 31/08/2018)

Entry Level: Graduate Trainee

Duties & Responsibilities

Assist the Senior Risk Officer – Market and Operational Risk with:

·         Successfully merging the Operational Risk and Market Risk Functions through development of integrated process and workflows

·         Developing Board training Framework on risk and governance

·         Overseeing the implementation of the Operational Risk and Market Risk Programs within ZBFHL.

·         Formulation and updating of Operational Risk Policy, Treasury Middle Office Policy, ALCO Philosophy, Business Development Initiative Policy, Transfer Secretaries Investment Policy, Market Risk Policy, Group Treasury Policy and Business Continuity Plans

·         Identifying key risk indicators and set up parameters for evaluation and monitoring operational risk within ZBFHL

·         Training business units on Operational Risk issues

·         Developing the operational risk loss reporting framework and built the loss databases in line with Basel II requirements (AMA approach).

·         Implementing the Basel II Standardised (Pillar 1)Approach

·         Validating the Loan Pricing Model and set up parameters for model validation

·         Coordinating the Assets and Liquidity Committee meetings

·         Liaising with business units to understand business drivers, concerns, future plans and offer support to control risk.

Risk Officer – Credit Risk/ Credit Risk Analyst (01/11/2014 to 31/01/2016)

Key skills used, how these skills were used and what was achieved:

·         Mathematical modelling skill: developing the Probability of Default Model for the ZB Bank Corporate Portfolio using Logistic Regression Analysis.

·         Analytical skill: Analysing and rating corporate clients’ loan applications, the objective is to ensure that the Bank lends to quality clients and charge the correct risk margin on the overall interest rate to be charged.

·         Excel Modelling Skill: Modelling the loan interest rate calculator template for the Bank in excel, this template is being used by Lenders to calculate overall interest rate to be charged after taking into account the base rate, product margin and the risk margin. The template is an empirical interpretation of the Bank’s pricing model. Automation of the credit risk reports in order to improve process cycle-time.

·         Teamwork and Interpersonal skill: My job involves carrying out inspections in all credit advancing departments and the ability to communicate effectively, clearly and strategically is of paramount importance in order to effectively; identify, measure, monitor and control credit risk of the loan book.

Risk Officer – Market Risk (Treasury Middle Office Analyst) (23/04/2012 to 31/10/2014)

Key skills used, how these skills were used and what was achieved:

·         Innovation: designed a market risk assessment summary template that empirically interprets the ALCO philosophy of the Bank, the objective is to ensure that exceptions are quickly identified and reported on time.

·         Quantitative and analytical skill: was responsible for counterparty (other banking institutions) assessment for existing counterparties and /or new counterparties using the CAMELS model; the objective is to ensure that the existing counterparty limit is still valid or the prospective counterparty meets the minimum standards of the Bank.

·         Excel Modelling Skill: was instrumental in designing scenario and stress testing frameworks. Scenario and stress testing are important risk management tools

·         Teamwork and Interpersonal skill: As the Treasury Middle Office analyst I was responsible for carrying out inspections in Treasury Front and Back Offices,  the ability to communicate effectively, clearly and strategically is of paramount importance in order to effectively; identify, measure, monitor and control treasury operational risk.

Zimbabwe Actuarial Consultants

Actuarial Trainee (Internship) (01/02/2009 to 31/10/2009)

Tasks undertaken under the guidance of the Actuarial Resource Manager

Investment Portfolio Analysis, product designing, writing of algorithms, the generation of rates used to set premiums and reserving for funeral assurance products, assisting in Corporate Valuations for Life Assurance companies, assisting in Funeral Scheme valuations and Investment Strategies recommendations for pension funds.

HOBBIES AND INTERESTS
Table tennis player

Reading business magazines