Head of Risk

Job Description

Role Purpose

The major purpose of the role is to establish, implement and enforce a robust enterprise-wide risk management framework and systems (policies, processes and tools) covering Strategic risk, Operational risk, Market risk, Liquidity risk, Reputational risk, Credit risk and Compliance risk. This involves assessing, recommending and championing implementation of a framework that best serves businesses of the organization and providing leadership to direct reports/functions within the Risk Management and Internal Controls Department.

Accountabilities

• Support business in developing appropriate Risk Management strategies/tools and disseminating appropriate risk management practices in line with developments in the market/industry, laws, regulations, etc.
• Overseeing and enforcing risk management policies and limits to close significant gaps in risk management capabilities (policy monitoring).
• Preparing and reporting KRI reports on Financial and Non-Financial Risks
• Guide, facilitate and support RCSA process
• Providing an independent view of proposed business plans and appropriate reporting on risks identified to the Board Risk Committee and Executive Committee.
• Formulating and driving a wide range of risk management policy and process upgrades including improved analysis, systems, pricing/costing models, etc.
• Developing systems to generate a robust MIS to identify, monitor, manage and control credit, market and operational risks.
• Organize, manage and motivate the available human capital within the Risk Management and Internal Controls Department, through a suitable organization structure and development programs to optimize competence and productivity.
• Monitor and manage the performance and development of direct reports.
• Be the champion in ensuring improved understanding of risk management across the organization in terms of risk identification, assessment, monitoring and reporting, starting with the Senior Management Team.
• Support management in achievement of chosen strategic objectives/goals through assessment of appropriateness of actions put in place, adequacy of monitoring and timeliness in taking corrective actions.
• Oversee compliance risk management across the organization through tracking or identification of new or changes to laws, regulations or best practices and ensuring that these are incorporated into existing policies and processes.

Job Requirements

Qualifications

• Bachelor\’s degree in Business/Credit or Finance, Post-graduate degree will be an added advantage

Experience

• Five years working experience in internal control, audit, or risk management, preferably in financial services industry/sector
• Three years\’ experience in management/leadership role

Knowledge and Skills

• Consulting and management techniques to initiate and manage strategic changes in risk management across the entire organization.
• Knowledge and experience in modern Enterprise Risk Management practices in Financial Services industry to provide visionary guidance on strategic changes.
• Interpersonal skills to effectively communicate with and manage customer expectations (internal and external), and other stakeholders who impact performance.
• Technical skills to effectively perform/guide performance of Risk Management activities in a manner that consistently meets established standards or benchmarks.
• Leadership to nurture and sustain employee satisfaction, and manage strategic changes.
• Performance Management to optimize employee productivity.
• Organization development to effectively structure the unit for optimal performance
• Knowledge and effective application of all relevant banking policies, processes, procedures and guidance to consistently achieve required compliance standards or benchmarks
• Self-empowerment to enable development of open communication, teamwork and trust that are needed to support true performance and customer-service oriented culture.
• Knowledge of Basel II Risk Management Framework and its implementation implications on the Organization.
• Knowledge of Policy and Procedure formulation process as well as ensuring implementation and enforcement of the same across the institution.
• Knowledge of Risk Control Self Assessment framework and implementation of the same.
• Lead Management of Crises and Business Continuity within the Organisation.
• Knowledge of the different Risk Families affecting the Organization and offer advice on Risk appetite needed for sustainable growth of the business.

Language Skills

• Fluency in English