Hafulásia Covete
Maputo,EC
Summary
Dynamic Risk Manager with proven expertise at BCI, SA, enhancing operational efficiency through robust risk mitigation strategies and market risk analysis. Successfully reduced operational disruptions by implementing proactive measures, fostering a culture of risk awareness, and optimizing liquidity management. Strong analytical skills combined with effective collaboration drive impactful decision-making and compliance.
Overview
19
19
years of professional experience
Work History
Risk Manager
BCI, SA Commercial Bank of Mozambique
11.2023 - Current
- Conducted comprehensive risk assessments to identify potential vulnerabilities in banking operations.
- Developed and implemented risk management policies aligned with regulatory requirements.
- Collaborated with cross-functional teams to enhance compliance and operational efficiency.
- Monitored key risk indicators, providing actionable insights for decision-making processes.
- Prepared detailed reports on risk exposure and mitigation efforts for senior management review.
- Implemented continuous improvement process for risk management program, ensuring it remains aligned with changing business needs and external challenges.
- Built contingency plans to successfully handle financial emergencies.
- Coordinated ongoing efforts to strengthen risk culture and fine-tuned risk appetite for lending and funding activities.
- Assessed liquidity and market risk levels and applied risk-based approach to oversee financial activities.
- Conducted regular audits of existing policies and procedures, ensuring their continued effectiveness in addressing organizational goals related to mitigating risks.
- Developed strong relationships with internal stakeholders, promoting a culture of risk awareness and accountability.
- Reduced operational risks by implementing robust risk management strategies and procedures.
- Managed insurance programs efficiently, balancing coverage needs with budgetary constraints while maintaining adequate protection against losses.
- Achieved significant reduction in operational disruptions by implementing proactive risk mitigation strategies.
Operational Treasury Manager
BCI; SA Commercial Bank, Mozambique
11.2013 - 11.2023
- Developed treasury management strategies to optimize cash flow and liquidity.
- Led cross-functional teams to enhance financial reporting accuracy and efficiency.
- Streamlined cash forecasting processes, improving resource allocation and decision-making.
- Implemented risk management frameworks to safeguard company assets against market fluctuations.
- Analyzed financial data to identify trends and provide actionable insights for executive leadership.
- Collaborated with banking partners to negotiate favorable terms on credit facilities and financing options.
- Enhanced internal controls surrounding treasury functions, ensuring adherence to regulatory requirements.
- Mitigated risk by implementing internal controls and safeguards for revenues and expenditures.
- Optimized cash flow by implementing effective cash management strategies and monitoring daily liquidity positions.
- Maintained adequate liquidity levels through proactive cash management techniques including borrowing under credit facilities or investing surplus funds in short-term instruments when appropriate.
- Ensured compliance with regulatory requirements by staying updated on relevant laws, regulations, and best practices within the treasury function.
- Improved financial reporting by creating customized reports that provided actionable insights into cash positions, investment performance, and exposure levels.
- Reconciled monthly statements, invoices and expense accounts, keeping records accurate, and current.
- Drafted treasury reports to support management decision-making needs.
- Advised management regarding significant expenditures to keep operations in line with budget limitations.
- Managed budgets, assets, portfolios, accounts payable, and receivable and general financial reporting procedures.
Credit Contracts Manager
BCI; SA, Commercial Bank
06.2011 - 11.2013
- Developed and negotiated contract terms to ensure compliance with regulatory standards.
- Managed contract lifecycle, from initiation through execution, ensuring timely renewals and amendments.
- Collaborated with cross-functional teams to identify risk factors in contractual agreements.
- Led training sessions for staff on contract management best practices and compliance requirements.
- Oversaw vendor negotiations, optimizing terms to align with organizational goals and budget constraints.
- Managed contract closeout procedures, ensuring all deliverables were met and any outstanding issues resolved in a timely manner.
Credit Analyst
Socremo Micro Credit Bank
02.2007 - 06.2011
- Analyzed credit applications to determine risk and compliance with lending policies.
- Evaluated financial statements and credit reports to assess borrowers' repayment capabilities.
- Collaborated with loan officers to structure tailored financing solutions for clients.
- Developed risk assessment models to enhance decision-making processes in credit approvals.
- Assessed credit risk and analyzed financial statements.
- Analyzed customer data such as financial statements to determine level of risk involved for extending credit.
- Analyzed credit scores to determine borrowers' creditworthiness.
Education
MBA - Oil And Gas Management
Eduardo Mondlane University
Maputo, MozambiqueBBA - Financial Management
Superior Institute of Science And Technology of Mozambique
Maputo, Mozambique12-2017
Associate of Arts - English Education
Eduardo Mondlane University
Mozambique, Maputo10-2017
Skills
- Market risk analysis
- Risk mitigation strategies
- Scenario analysis
- Financial risk manager (FRM) Taking
- Counterparty risk
- Liquidity risk management
- Operational risk management
- Risk mitigation
Languages
English
Upper intermediate (B2)
Portuguese
Bilingual or Proficient (C2)
Timeline
Risk Manager
BCI, SA Commercial Bank of Mozambique
11.2023 - Current
Operational Treasury Manager
BCI; SA Commercial Bank, Mozambique
11.2013 - 11.2023
Credit Contracts Manager
BCI; SA, Commercial Bank
06.2011 - 11.2013
Credit Analyst
Socremo Micro Credit Bank
02.2007 - 06.2011
MBA - Oil And Gas Management
Eduardo Mondlane University
BBA - Financial Management
Superior Institute of Science And Technology of Mozambique
Associate of Arts - English Education
Eduardo Mondlane University