Risk Manager

Background Information

Job Title: Risk Manager

Department: CEO’s office 

Reports to: Senior Project Coordinator for Export Credit Guarantee Facility (ECGF)

Project Introduction 

The Development Bank of Rwanda is establishing an Export Credit Guarantee Facility (ECGF).  The ECGF is a partial credit guarantee (PCG) facility that will support financial institutions in increasing financing for private enterprises operating in Rwanda with export potential or already active in the export sector (and its value chains). 

The ECGF will offer individual, hybrid, and portfolio guarantee for MSMEs through partner financial institutions. The ECGF aims to promote financial inclusion while striving for financial sustainability and achieving its strategic objectives of export development contributing to job creation and poverty reduction in Rwanda.

Contract Terms: Open-Ended

Purpose of the Job: 

The ECGF Risk Manager will be responsible for setting up ECGF’s risk management function, implementing ECGF’s (credit) risk management framework and building a team over time. This role is critical in managing and mitigating the credit risks (individual and portfolio) associated with the ECGF’s operations, enabling it to meet its objective of strengthening MSMEs in Rwanda through increased access to finance.

Key Responsibilities: 

• Provide technical support and input in the financial and credit operations assessment/due diligence of new and existing partner financial institutions (PFIs) collaborating with BRD within the framework of the ECGF.

• Plan, design and implement credit-risk based monitoring plans to ensure soundness of the ECGF’s business.

• Perform comprehensive risk analysis of requests for issuance of guarantees for new loans and rescheduling of guarantees for existing loans. These reviews will include analysis of relevant information to help form an opinion on the guaranteed issuance or rescheduling. 

• Prepare internal and external communications and reports on risks, exceptions, trends, concerns etc. related to ECGF’s guarantee portfolio. 

• Provide suggestions for improvement to existing pre- and post-guarantee issuance processes and procedures. 

• Track status of credit risk issues identified and reported.

• Implement core monitoring activities such as random guarantee portfolio audits.

• Carry out appraisal of all guarantees claim applications and provide recommendations to relevant internal bodies.

• Complete periodic trend and portfolio credit risk analysis via defined reports. Use best judgment to determine if new analysis is needed and communicate results of the portfolio analysis to management as needed.

• Monitor adherence to set risk limits, creditworthiness of the guaranteed portfolio, and contribute to identification and management of problem guarantees.

• Collaborate with BRD’s risk management, compliance and internal control departments to evaluate, test and report on the adequacy and effectiveness of ECGFs controls. 

• Perform ongoing risk monitoring to identify emerging risks for the ECGF.

• Carry on any other assignment delegated by the line managers or the Management of the Bank

Performance Indicators

The performance of the ECGF Risk Manager will be assessed based on key performance indicators related to ECGF’s adherence to set risk limits and its risk management framework, among other financial indicators. 

Professional, academic qualifications and experience

• A bachelor’s or master’s degree in finance, economics, business administration, or a related field.

• At least seven years of progressive experience within the financial services sector in Rwanda. 

• In-depth and up-to-date knowledge of the Rwandan banking and (M)SME finance sector including Rwandan banking regulations.

• Sound knowledge of credit policies, procedures and credit risk management covering pre- and post-disbursement aspects with prior experience with credit guarantee products is desirable.

• Strong financial analysis skills.

• Strong people management skills. 

• Strong written and verbal communication skills and ability to engage with diverse stakeholders. 

• A strong understanding of compliance, as well as knowledge of KYC (Know Your Customer), AML (Anti-Money Laundering), and CFT (Combating the Financing of Terrorism) procedures, laws, and regulations, is highly advantageous.

Application Guidelines: 

Interested candidates should apply online via the apply button and upload application documents including Curriculum Vitae, copies of degree certificates and professional certificates, motivation letter, names of three previous supervisors (as one document) as well as their emails and telephone. 

Only online applications shall be considered. 

Email-only for inquiries (not application): recruitment@brd.rw

Address all applications to the Head, Human Capital, and Corporate Services of BRD. 

Deadline for application: June 7, 2025. 

The employment package is highly competitive and attractive. 

Only Candidates with the right qualifications and relevant experience shall be shortlisted and contacted for the next step. 

Done in Kigali, May 27, 2025.