Sewunet Deressa
Risk Manager
Phone: +251913847791
- Location:
- Addis Ababa, Ethiopia
- Sector:
- Accounting and Finance
- Profile Created:
- 1 month ago
About me
I possess excellent skills in identifying and solving complex issues and strong leadership abilities. With a professional and academic background, I thrive in dynamic and fast-paced environments. I have over 13 years of experience in risk and compliance management, including more than 5 years in managerial positions. I also have multilateral bank experience working at the African Export-Import Bank in Cairo, Egypt. Industry experience and teaching have shaped me to have Governance, Enterprise Risk Management, Compliance, Financial Modeling and Credit Analysis, ESG and Climate Risk, and Internal Control with Investment and Strategy consulting skills. Additionally, I have extensive research experience and have taught at the university level for 6 years part-time
Education
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ACCA, UK 2018 - Present
ACCA Advanced Diploma in Accounting & Business
I have an ACCA Advanced Diploma in Accounting & Business, UK
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Mekele University 2015 - 2017
Msc in Finance and Investment
I have Msc in Finance and Investment from Mekele University, Tigray, Ethiopia
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St.Mary's University 2013 - 2015
MBA in General
I have MBA in general from St. Mary's University, Addis Aaba , Ethiopia
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BA in Accounting 2007 - 2010
BA in Accounting
I have BA in Accounting from Aksum University, Tigray, Ethiopia
Experience
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African Export Import Bank(MDB), Cairo, Egypt 2023 - 2024
Assistant Manager -Business Risk and Control
• Conducted a Risk and Control Self-Assessment (RCSA) and Key Risk Indicators (KRI) • Registered risk incidents into the OpRisk system and conducted a Root Cause Analysis (RCA). • Conducted a Business Impact Analysis and risk assessment to identify potential risks. • Performed Material Risk Identification and Assessment (MRIA) as per ICAAP including Basel IIII and Internal Capital Adequacy Assessment • Monitored sovereign and private borrowers’ credit exposure against the limit set considering both funding loan and non-funding facility • Reviewed loan portfolio and facility performance against the risk appetite set by the board considering terms of agreements and covenants • Worked with Rating Agency regarding portfolio performance and corporate borrowers’ performance to determine the quality of the bank’s assets. Engaged in investment pricing determination, ESG, and climate risk implementation
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Berhan Bank, Ethiopia 2018 - 2023
Manager- Risk Management Division
• I reviewed and enhanced the Risk Management Framework and policies as per the COSO framework • Enhanced existing and developed new policies, guidelines, procedures, methodologies, and tools regarding credit risk, liquidity and market risk, investment risk, and operation risk. • Excelled and demonstrated corporate risk identification, risk assessment and ranking, risk measurement, risk mitigation, and risk reporting and presentation to senior management and the Board • Developed and implemented stress testing methodology and periodic portfolio monitoring reports to senior management considering results from risk analytics. • Prepared credit risk management framework integrating risk appetite and limit of the bank • Implemented credit risk management framework including credit risk rating, limits, provisioning, and loan workout, and for estimating expected credit losses (ECL) and the computation of adequate credit provisions. • Designed effective risk analytics to measure, quantify, and predict investment and credit risks which involves mining existing big data and defining additional data. • Worked with credit follow-up and nonperforming loan teams by building relationships to implement credit and investment risk management frameworks successfully and to promote credit risk management culture in the bank. • Identified, assessed, and monitored delinquent, non-performing loans and losses of funded loans, and populated on the Risk Dashboard • Reviewed, improved investment risk assessment process as well as provided independent risk assessment report • Contributed a crucial role in developing an Anti-Money Laundering (AML) program and a risk management program • Supported and identified Suspicious Transaction Report (STR) and Cash Transaction Report (CTR) to the Ethiopian Financial Intelligence Center (EFIC). • Conducted AML Risk Assessment and Mitigation by ensuring its compliance with the Foreign Account Tax Compliance Act (FATCA) requirements. • I also conducted Know Your Customer, Due Diligence, and Enhanced Due Diligence.
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Berhan Bank 2017 - 2018
Head -Risk Management Section
• Prepared liquidity risk management framework integrating risk appetite and limit of the bank • I worked as Asset-Liability Management Committee (ALCO) secretary for over 4 years where the president is the chairperson • Prepared market risk management framework integrating risk appetite and limit of the bank • Market risk measured by value at risk (VaR), Historical Simulation, Monte Carlo Simulation, Variance-Covariance, Expected Shortfall (ES) • Reviewed monthly economic reports and insights along with internal data to estimate the market • Modeling exchange rate risk using purchase power of parity
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Rift Valley Univesity 2016 - 2022
Part Timer Lecturer in Accounting and Finance
I lectured undergraduate Accounting, Finance & management courses & • Taught and lectured Business Research Methodology • Developed course outline and modules • Advised BA students on their senior essay thesis at the university • Privately, I advised postgraduate students on a thesis regarding my research focus.
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Berhan Bank 2016 - 2017
Senior -Risk Management Officer
• Proactively Identified all material operational risks (including, Information Risk, Model Risk, and BCM), at each business unit level as per the Bank’s approved risk identification methodology, following a top-down approach and considering risk causal factors, the likelihood of occurrence, impact, control activities and effectiveness of controls. • Ensured the effective implementation of the Bank’s Operational Risk Management tools- Loss/incidents database, Risk register, Risk and Control Self Assessments, Key Risk Indicators, Scenario Analysis, Stress Testing, and Minimum Capital Computation for Operational Risk. • Implemented adequate economic capital models, risk management processes, and procedures consistent with the bank’s risk management framework. • Reviewed and improved processes and methods for ICAAP and economic capital management. • Basel II and Internal Capital Adequacy Assessment
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Cooperative Bank of Oromia 2013 - 2016
Risk and Compliance Officer
• Conducted Risk Based Approach (RBA) with the compliance team • Assisted in developing Anti Money laundering (AML) Program Know Your Customer (KYC) profile • Supported the team in Identifying Money Laundering Techniques and Red Flags • Provide technical advice to comply with fraud and safeguarding procedures, applicable local laws, and regulatory requirements • Implemented adequate economic capital models, risk management processes, and procedures consistent with the bank’s risk management framework. • Reviewed and improved processes and methods for ICAAP and economic capital management. • Basel II and Internal Capital Adequacy Assessment
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Commercial Bank of Ethiopia 2010 - 2013
Customer Service Officer
• Responded to customer inquiries and supported clients • Promoted bank products and services at different market exhibitions and market show centers • Worked as Back officer and receiving and making cash payment
Expertise
Portfolio
Honors & awards
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Published Research 2021
Published Research
Published a research with my advisor entitled as \'\' Determinats of Loan and Advanced Disbursement in case of Ethiopian Private Commercial Banks
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My students Awarded my \'\'Hand Watch\'\' 2021
My students Awarded my \'\'Hand Watch\'\'
I got this Award on my extra ordinary performance on my teaching approach from graduate stdeunsts