Tendai Emmanuel Chipasi
Risk Management Professional
Lusaka
Summary
Experienced and dedicated professional with a strong background in Treasury, Financial & Non-Financial Risk, Compliance, Assets & Liability Management, Microfinance and Accounting. Possess extensive knowledge and hands-on experience in these areas, enabling effective decision-making and problem-solving. Proven track record of successfully managing financial risk and balance sheet management. Strong contributor achieving goals through strong analytical skills and structured approach to resolution.
Overview
15
15
years of professional experience
5
5
Certifications
Work History
Treasury Risk & Capital Management Manager
First Capital Bank Plc
Lusaka, Zambia
2 2022 - Current
- Risk Oversight in Acting CRO Role: Assuming responsibility for overseeing the bank's risk management function in the absence of the CRO, ensuring continuity in critical risk oversight and strategic decision-making.
- Strategic Leadership of Treasury Risk Management: Leading the Treasury Risk Function, managing a comprehensive range of risk management activities including market risk reporting and management, liquidity risk, capital adequacy, operational risk, and product control.
- Enterprise Risk Management (ERM) Framework Implementation:
Collaborated closely with the Chief Risk Officer to implement the ERM Framework, supporting the integration of risk management across the organization. - Pioneering Implementation of Key Risk Methodologies: Spearheaded the introduction and execution of major risk methodologies at Group and Country levels, including Foreign Exchange Value at Risk (VaR) and Basel III Liquidity Ratio, enhancing the bank’s compliance and market risk management framework.
- Audit Resolution & Strengthening of Risk Controls: Played a pivotal role in addressing and closing audit findings both in country and withing the Group, particularly within the market risk domain, through the implementation of robust controls and risk mitigation strategies.
- Liquidity Risk Management and Reporting: Applied in-depth knowledge of liquidity risk management, including adherence to Basel Committee standards, in daily liquidity risk measurement, reporting, and process refinement to meet international best practices.
- Market Risk Management & Regulatory Compliance: Leveraged expertise in trading and interest rate risk to support market risk measurement, reporting, and process improvements, ensuring alignment with Basel Committee pronouncements and other international risk management standards.
- ICAAP Objectives & Cross-Functional Collaboration: Leading the delivery of Internal Capital Adequacy Assessment Process (ICAAP) objectives, working cross-functionally with Business, Credit, Treasury, and Finance to ensure sound capital planning and enhancing risk mitigation strategies.
- Senior-Level Reporting for Committees & Boards: Preparing and contributed to high-level reports for the Asset and Liability Committee (ALCO), Risk Management Committee, and Board meetings, enabling informed decision-making at the senior executive and Board levels.
- Team Leadership and Development: Leading and mentoring cross-functional junior team members within the risk department, fostering a culture of accountability, collaboration, and continuous improvement.
Product Control Manager (Specialist)
Zambia National Commercial Bank Plc
Lusaka, Zambia
02.2021 - 01.2022
- Treasury Accounting Management: Managed treasury accounting functions, ensuring accurate reconciliation of treasury transactions and proper accounting for foreign exchange and money market products.
- Problem-Solving: Identified and resolved accounting issues and discrepancies, ensuring the accuracy and integrity of financial data.
- Financial Analysis: Prepared daily, monthly, and quarterly financial reports, analyzing profit and loss, market trends, and product performance.
- Accounting Standards: Helped ensure applicable accounting standards were adhered to for P&L and balance sheet reporting.
- Regulatory Compliance: Adhered to and improved the control environment around foreign exchange and money market products.
- Risk Reporting: Developed informative treasury reports to provide senior management with insights into treasury income, liquidity position and risk exposure.
- Methodology Enhancement: Enhanced current methodologies, policies, and practices by staying updated on industry developments and seeking opportunities for improvement.
- Treasury Product Development: Assisted in testing and implementation of new products, systems changes, and process improvements.
- Market Risk and ALCO Pack Preparation: Preparation of Market Risk Board and ALCO packs, delivering critical data for strategic financial and risk management discussions.
Financial Risk Manager
Atlasmara Zambia Limited
Lusaka, Zambia
10.2020 - 02.2021
- Risk Management Oversight: Managed and monitored multiple treasury risks, including liquidity, credit, operational, market risk and balance sheet management.
- Regulatory Compliance: Ensured adherence to regulatory requirements through regular reviews of policies, procedures, and controls.
- Stakeholder Management: Fostered strong relationships with stakeholders across various departments and group companies to ensure alignment and effective risk management.
- Team Leadership and Development: Managed and organized the work of Financial Risk Analysts and Graduate Trainees, setting direction, objectives, and providing training and coaching.
- Policy Formulation: Assisted in policy formulation and reviews, and formulated contingency plans.
- Risk Management Enhancement: Enhanced existing risk assessment and quantification methodologies and tools to build best-in-class practices.
- Meeting Pack Preparation: Prepared meeting packs for the board and risk management committee, including the ALCO committee, ensuring accuracy and timeliness.
- ALCO Committee Secretary: Served as the ALCO Committee Secretary, responsible for preparing, enhancing, and distributing the ALCO pack to provide key insights on liquidity, market risk, and balance sheet movements.
- ICAAP and Stress Testing: Contributed to the preparation of the bank's ICAAP and stress testing processes, ensuring the bank's resilience and compliance with regulatory requirements.
- Stakeholder Engagement and Representation: Represented the Chief Risk Officer in various internal and external meetings, including Group ALCO, to provide expert risk management insights and guidance.
Market Risk (Treasury Middle Office) Manager
Atlasmara Zambia Limited
Lusaka, Zambia
01.2017 - 10.2020
- Risk Management Oversight: Managed and monitored multiple treasury risks, both financial and non financial risks. Delivered independent risk assessments, aligning market and operational risk controls with the group’s risk management mandate.
- Financial Reporting: Provided regular reports on treasury department profit and loss, stress tests, funding costs, market risk, gap analysis, foreign currency exposure, FX VaR, return on assets, and balance sheet movements to senior management.
- Regulatory Compliance: Ensured adherence to regulatory requirements through regular reviews of policies, procedures, and controls.
- Loss Reduction and Risk Enhancement: Identified and addressed risk issues, weaknesses, and potential liquidity constraints through proactive measures, forecasting models, and scenario analyses.
- Risk Reporting and Transparency: Enhanced organizational understanding of trading activities through comprehensive risk reporting, increasing transparency around potential exposures and their impacts on business performance.
- Stakeholder Management: Fostered strong relationships with stakeholders across various departments to ensure alignment and effective risk management.
Risk and Compliance Analyst
BancABC Zambia Limited
01.2012 - 01.2016
- Comprehensive Risk Management: Managed and monitored multiple treasury risks, including liquidity, credit, operational, financial, and market risks, ensuring robust risk mitigation.
- Regulatory Compliance: Ensured adherence to regulatory requirements by conducting regular reviews of risk management policies, procedures, and controls.
- Fraud and Incident Management: Collaborated with investigation teams on fraud investigations and risk identification, reducing financial losses through effective incident reporting and root cause analysis.
- Governance and Audit Support: Contributed to updating governance policies and strengthening internal audit processes by addressing control deficiencies and reinforcing accountability. Contributed to the successful completion of internal audits, reinforcing a culture of accountability throughout the organization.
- Risk Framework Enhancement: Improved risk management frameworks by implementing effective controls and monitoring procedures aligned with industry best practices.
Money Markets Dealer
BancABC Zambia Limited
Lusaka, Zambia
12.2011 - 12.2012
- Liquidity Management: Managed foreign and local currency liquidity, including central bank and Nostro accounts, ensuring adherence to statutory and internal limits.
- Investment Portfolio Oversight: Monitored and managed the bank’s investment portfolio, including government securities and interbank placements, maximizing profitability while managing trade limits.
- Funding Strategy: Developed and implemented funding strategies to support asset and liability growth, ensuring the bank was adequately funded for both planned and unforeseen contingencies.
- Market Analysis and Advisory: Provided market insights and balance sheet analysis to the Chief Dealer and ALCO members, supporting strategic decision-making.
- Interest Rate Pricing and Reporting: Managed interest rate pricing for fixed deposits and prepared monthly Money Markets reports for senior management.
Treasury Front Office Trainnee
BancABC ZAMBIA LIMITED
Lusaka, Zambia
11.2010 - 12.2011
- Deal Processing: Prepared money market and FX deal confirmations and daily FX rates.
- Market Analysis: Analyzed market trends to identify potential opportunities and arbitrage situations.
- Liquidity Management: Monitored the Bank of Zambia current account position, collaborating with senior management to manage liquidity risks.
- Risk Reporting: Prepared regular risk reports and presentations for senior management and regulatory bodies.
- Sales Support: Liaised with the Head of Treasury to identify potential client calls and provide sales support.
On-The-Job Accountancy Skills Training
Agora Institute & Accaria Business Development
Lusaka, Zambia
01.2010 - 06.2010
- Bookkeeping: Recorded day books, cash books, trade receivables, and trade payables, performed bank reconciliations, and filed transaction documents.
- Accounting: Prepared summary cashbooks, extended trial balances, and management information reports, using Pastel Accounting software.
- VAT Compliance: Identified exempt, standard, and zero-rated supplies, prepared VAT input schedules and returns, and handled VAT audits.
- Payroll Processing: Computed PAYE and NAPSA contributions, prepared payment returns, and handled PAYE and NAPSA audits, using Accflex payroll software.
- Financial Software Proficiency: Gained practical experience in using Pastel Accounting and Accflex payroll software for financial transactions and reporting.
Branch Manager
Microfin Africa Zambia Limited
Kabwe, Zambia
06.2009 - 11.2010
- Team Leadership: Delivered product and service quality, inspiring team members to reach and maintain branch goals and objectives.
- Operational Management: Managed daily operations for smooth functioning, ensuring a high level of productivity.
- Client Relationship Management: Developed strong relationships with key clients, resulting in increased loyalty and repeat business.
- Performance Management: Consistently outperformed expectations in meeting and exceeding targets.
- Business Expansion: Played a key role in the successful expansion of the company to multiple new locations.
Education
MBA - Finance
The Copperbelt University
Lusaka, Zambia 04.2001 -
Degree Equivalent-Zambia Qualification Agency ZAQA - ACCA: Advanced Diploma in Accountancy & Business
ZCAS University
Lusaka, Zambia 04.2001 -
GCE Advanced Level Certificate -
Churchill High School
Harare, Zimbabwe 04.2001 -
GCE 'O' Level Certificate -
Bernard Mizek College
Marondera, Zimbabwe 04.2001 -
Skills
Enterprise risk management
Strategic Planning & Decision-Making
Asset and Liability Management
Financial Analysis
Financial modeling
Compliance & Regulations
Leadership & Training
Certification
ACI Financial Markets Dealing Certificate
Accomplishments
- Risk Model Development: Led the implementation of the FX VAR model and Basel III ratios at First Capital Bank, improving efficiency and compliance.
- Risk Tool Implementation: Successfully implemented and automated various risk tools, resulting in a significant 70% turnaround time improvement at First Capital Bank.
- Policy Formulation and Implementation: Played an instrumental role in formulating, enhancing, and implementing various risk management policies and controls at First Capital Bank.
- Risk Function Pioneering: Pioneered the Product Control role at Zambia National Commercial Bank Plc, improving processes and controls in the market risk space.
- Risk Tool Implementation: Contributed to the implementation of new risk management tools, such as the FX VAR and Front Office Bank Office Reconciliation at Zambia National Commercial Bank Plc.
- Treasury Middle Office Establishment: Set up the Treasury Middle Office and Market Risk functions at BancABC Zambia Limited, establishing and reviewing policies, procedures, controls, and reporting tools.
- Project Involvement: Participated in various projects, including the implementation of internet and mobile banking, core system upgrades, and FTP and Treasury system rollouts.
- Business Expansion: Initiated the opening and setting up of branches for Microfin Africa Zambia Limited, contributing to significant sales growth and expansion.
- Leadership and Development: Coached and mentored subordinates, graduate trainees, and junior staff, developing their skills and preparing them for future leadership roles.
References
- MR. Chresta Kaluba, Chief Risk Officer, Access Bank Zambia Limited, Lusaka, chresta.kaluba@gmail.com, +260977879593
- MR. Lankie Mwelwa, Country Treasurer, Ecobank Zambia Limited, Lusaka, +260977723120
- MR. Yobo Mumba, Chief Financial Officer, Bank of China Zambia Limited, Lusaka, yobo.mumba@gmail.com, +260771032659
Timeline
Product Control Manager (Specialist)
Zambia National Commercial Bank Plc
02.2021 - 01.2022
Financial Risk Manager
Atlasmara Zambia Limited
10.2020 - 02.2021
Market Risk (Treasury Middle Office) Manager
Atlasmara Zambia Limited
01.2017 - 10.2020
Risk and Compliance Analyst
BancABC Zambia Limited
01.2012 - 01.2016
Money Markets Dealer
BancABC Zambia Limited
12.2011 - 12.2012
Treasury Front Office Trainnee
BancABC ZAMBIA LIMITED
11.2010 - 12.2011
On-The-Job Accountancy Skills Training
Agora Institute & Accaria Business Development
01.2010 - 06.2010
Branch Manager
Microfin Africa Zambia Limited
06.2009 - 11.2010
MBA - Finance
The Copperbelt University
04.2001 -
Degree Equivalent-Zambia Qualification Agency ZAQA - ACCA: Advanced Diploma in Accountancy & Business
ZCAS University
04.2001 -
GCE Advanced Level Certificate -
Churchill High School
04.2001 -
GCE 'O' Level Certificate -
Bernard Mizek College
04.2001 -
Treasury Risk & Capital Management Manager
First Capital Bank Plc
2 2022 - Current