Gilbert Ariemo

This role is directly in charge of 7 countries in East Africa (Kenya, Uganda, Tanzania, Rwanda, Burundi, South Sudan and Ethiopia. 𝐊𝐞𝐲 𝐂𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧𝐬 ▪ Successfully coordinate and oversee the annual ICAAP, ensuring timely submission of the report to the Central Bank of Kenya and adherence to regulatory guidelines. Facilitate periodic reviews and updates as necessary. ▪ Oversight over the Bank's IT and cybersecurity risks through development and implementation of IT risk management frameworks, minimum baseline standards for Cybersecurity and management of the bank's Chief Information Security Officer (CISO). ▪ Data protection governance: Management of the bank's Data Protection Officer (DPO) and responsible for the data protection risk identification, assessment and reporting, including adherence to the Data protection Act of 2019 and related guidelines and circulars from the office of the data protection commissioner, Global Data Protection Rules, etc. ▪ ESG and Climate risk management: Portfolio green mapping, signing off the Social and Environmental Management System (SEMS) assessments, development and implementation of the bank's ESG and Climate risk frameworks. Integration of the ESG and Climate risks into the ERM universe. ▪ Strategic risk management: Critical review of the bank's strategic formulation, risk assessments of the strategy, embedding risk considerations in strategic decision making, monitoring implementation of the strategy and reporting of deviations from the business objectives. Tracking key balance sheet optimization metrics such as ROI, ROE, Cot to income ratios, Earning assets ratios, etc. ▪ Implementing ERM across the 7 Ecobank East African affiliates by harmonizing the risk architecture, risk strategy and risk protocols across the markets, ensuring integration of risk management processes in the strategic formulation and day to day execution of the business objectives.

Diamond Trust Bank Uganda is a top tier Commercial Bank in the Uganda Market, with a current market share of position 7 in asset size out of 23 Banks, and a balance sheet size of USD 800M. As the head of the Risk function of the bank as an expatriate, I reported directly to the Board Risk Management Committee (BRMC), and administratively to the Managing Director. I managed a total staff compliment of 14 people. 𝐊𝐞𝐲 𝐂𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧𝐬 ▪ Provided regular updates and comprehensive reports on the country risk profile to the Board and senior management. Recommended mitigants and new risk parameters as needed. Actively participated in key board committees (EXCO, ALCO, MCC, RMCC) and subcommittees (ORCS, ITSC, AML/CFT, Outsourcing). ▪ Standardized and periodically reviewed Risk Management Policies and Procedures, ensuring alignment with regulatory guidelines and new product developments. ▪ Formulated and reviewed bank credit policies, established and enhanced credit grading systems, and developed industry data banks in collaboration with Credit Reference Bureaus. Oversaw the IFRS 9 Expected Credit Loss (ECL) methodology. ▪ Identified key market risk factors (equity, interest rate, currency, commodity) and developed strategies to address them. ▪ Assessed and monitored cybersecurity threats, implemented controls and firewalls, and ensured adherence to IT Minimum Baseline Standards. ▪ Monitored Asset and Liability Management (ALM) risks, reviewed liquidity ratios, rate sensitivity gaps, and performed worst-case scenario impact analysis to test resilience. ▪ Established and embedded a comprehensive Risk Management Program, implementing an effective Country Risk Management Framework. ▪ Provided detailed reports on inherent and residual risks, assessing management controls and recommending mitigations. ▪ Participated in key board and management committees, including EXCO, ALCO, MCC, RMCC, ORCS, ITSC, AML/CFT, and Outsourcing.

𝐊𝐞𝐲 𝐂𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧𝐬 ▪ Designed and implemented a comprehensive Risk and Compliance framework, defining risk tolerance limits to ensure risks remained within acceptable thresholds set by the Board. ▪ Developed and periodically reviewed Risk Management Information Systems (MIS) and portfolio quality reports to ensure active risk management and alignment with established tolerance levels. ▪ Managed the Credit Risk Approval Process, including limits for new and existing customers, excesses, and one-off deals impacting revenue and budget targets. ▪ Provided recommendations on credit proposals prior to submission for approval. ▪ Developed and implemented a Compliance Strategy and Framework, including Charters, Policies, and Procedures, to ensure high levels of regulatory compliance and safeguard the bank's interests. ▪ Provided regular updates and presentations to the Board and Senior Management on all matters related to Risk and Credit Management. ▪ Managed a team of 15 risk management professionals, focusing on competence, succession planning, and business continuity. ▪ Procured and implemented tools and systems for Compliance functions, including financial security monitoring and data mining tools for transaction review. ▪ Developed and executed a Compliance strategy and framework, including policies and procedures, to ensure adherence to regulatory requirements and safeguard the bank’s interests. ▪ Established a risk-based Compliance Program to identify, measure, and assess compliance risks across products, activities, and processes in line with the bank’s compliance framework. ▪ Ensured the adequacy, effectiveness, and efficiency of compliance functions and controls, including regulatory compliance, financial security, market abuse, suitability, and deontology. ▪ Oversaw investigations into red flags, escalated suspicious transactions, and reported fraudulent activities to senior management and the Board.

𝐊𝐞𝐲 𝐂𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧𝐬 ▪ Formulated and periodically reviewed the Asset & Liability Management (ALM) Policy and Country Risk Management (CRMA) Policy for the NCBA Group, ensuring alignment with best practice standards and regulatory requirements. ▪ Prepared the Group’s Monthly Liquidity and Market Risk Reports, including presentations to the Asset and Liability Committee (ALCO) and Management Committee (MANCO). ▪ Reviewed currency mismatch positions and duration mismatches between assets and liabilities. ▪ Assessed the impact of currency and interest rate movements on the Group’s balance sheet. ▪ Maintained relationships with regulators and rating agencies, and liaised with internal and external auditors. Prepared internal CAMELS ratings and financial risk reports for the Board and subsidiaries. ▪ Reviewed Group Monthly Credit Risk Reports submitted to the Board Credit Committee (BCC), ensuring compliance with IFRS 9 Expected Credit Loss (ECL) model provisions and maintaining accuracy in credit risk assessments. ▪ Monitored compliance with regulatory requirements on loan provisioning, ensuring adequate provisions were held while identifying and addressing exceptions. ▪ Led monthly portfolio reviews, including loan book classification, to assess risk exposure and optimize financial risk management strategies. ▪ Conducted liquidity, interest rate, and foreign exchange (FX) stress testing, ensuring a robust stress- testing framework for the bank. ▪ Prepared comprehensive financial risk reports for the Board, including subsidiaries, to support informed decision-making.

𝐊𝐞𝐲 𝐂𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧𝐬 ▪ Reviewed and recalibrated behavioral liquidity assumptions annually, submitting updates for ALCO approval. ▪ Conducted liquidity, interest rate, and FX stress testing, ensuring alignment with the bank’s overall stress testing framework. ▪ Prepared daily P&L reports for FX, Money Market, and Fixed Income treasury products, including product reconciliations. ▪ Performed daily Independent Price Verification (IPV) for FX rates and maintained an inventory of FX prices. ▪ Verified and validated FX and Fixed Income Mark-to-Market (MTM) processes, ensuring accuracy and compliance. ▪ Managed market risk for the fixed income book, ensuring completeness in MTM, reconciliations, stress testing, and PV01/DV01 computations. ▪ Reconciled and validated FX Net Open Position (NOP), monitored currency limits, and identified off- market trading risks. ▪ Conducted daily reconciliation of front-to-back office P&L against the General Ledger. ▪ Analyzed market risk regulatory capital changes, providing detailed explanations for variances. ▪ Calculated Value at Risk (VaR) and provided insights on risk position changes and their impact on risk measures, including VaR and Stress Testing. ▪ Advised on market risk policy development, focusing on trading credit and liquidity risk management. ▪ Assisted the Head of Risk in ensuring the accuracy and integrity of market risk reports.

𝐊𝐞𝐲 𝐂𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧𝐬 ▪ Prepared accurate and complete financial statements, including balance sheets and income statements, in compliance with IFRS and internal procedure manuals. ▪ Generated performance reports for business segments, producing relevant Key Performance Indicators (KPIs) to support performance evaluation and decision-making. ▪ Managed budgeting and forecasting processes, ensuring accurate financial planning and resource allocation.

𝐊𝐞𝐲 𝐂𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧𝐬 ▪ Conducted comprehensive liquidity, interest rate, and FX stress testing, including the review of the overall stress testing framework. Provided insights and recommendations based on stress test results to enhance risk management strategies. ▪ Prepared daily FX, Money Market, and Fixed Income Profit & Loss (P&L) reports for the treasury, including product reconciliations to ensure accurate financial reporting. ▪ Conducted daily independent price verification of FX rates and maintained an inventory of FX prices, ensuring accuracy and integrity in pricing data. ▪ Reconciled and validated FX Net Open Positions (NOP), monitored FX NOP limits, currency limits, and off-market trading, ensuring adherence to risk limits and regulatory requirements.

𝐊𝐞𝐲 𝐂𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧𝐬 ▪ Processed supplier payments efficiently, ensuring accuracy and timely disbursement of funds. ▪ Managed internal payments, including staff travel imprests, maintaining precise records and ensuring compliance with company policies. ▪ Conducted reconciliations of payment suspense accounts to resolve discrepancies and maintain accurate financial records.

MA (Econ), CPA (K), FRM