General Purpose:
The Senior Risk Officer reports to the Head of Risk and Compliance and maintains organization-wide oversight of all risks in every aspect of the operations of the Bank. These include both financial and non-financial risks, including credit, market, liquidity, concentration, operational, Business Continuity Management (BCM), information technology, information security, reputational, legal and compliance risks. The position plays a key role in developing, implementing and maintaining a strong risk culture and compliance with a robust and comprehensive internal control framework including ongoing compliance with legal and regulatory guidelines and directives. The position also provides strong input in the setting of the organization’s risk appetite, risk limits and risk tolerances and functions (independently) as a second line of defense, challenging the relevance and consistency business units’ implementation of operational risk management tools.
Position Highlights:
- Maintain the Enterprise Risk Management (ERM) framework of the Bank, including sub frameworks (eg. SIRA / SARA) as stipulated by the regulators. (This includes recommending improvements to the ERM framework and corrective measures / controls to remedy breaches of risk policies and procedures).
- Develop and implement risk management policies as needed to increase the robustness of the ERM framework.
- Monitor and report on an ongoing basis with respect to compliance with the legal and regulatory compliance with applicable legislation, guidelines and directives.
- Contribute to the establishment and periodic review of the Bank’s risk strategy, risk appetite statement, risk limits and risk tolerances as well as periodic monitoring and reporting with respect to compliance with these limits.
- Perform and/or review risk assessments of new products and services before they are launched.
- Maintain and update the Banks Business Continuity Management (BCM) framework.
- Periodically perform (independent) testing to assess the quality of the credit portfolio and the correctness of assigned borrower risk ratings.
- Analyze trends and recognize new or emerging risks arising from changes in circumstances or conditions that could impact the Bank and recommend appropriate counter measures to address these.
- Develop and maintain operational risk management and measurement policies, standards and guidelines and contribute to the monitoring of the Bank’s operational risk profile.
- Design and deliver operational risk training to the organization contributing to the establishment of a strong risk culture and instilling risk awareness.
- Assist with the performance of stress testing with regards to asset quality, capital, liquidity and earnings and profitability in accordance with the guidelines of the regulators and to incorporate the impact of such stress testing on the establishment of internal risk limits and tolerances.
Requirements:
- Master's degree in Business Administration, Business Economics or an equivalent discipline.
- Min. 5 years experience in a risk, finance or analytical function within a Bank.
- Excellent proficiency with Excel and other analytical tools.
- Ability to research and present analytics in a business-friendly language.
- Strong attention to detail and able to work under pressure.
- Good analytical and communication skills, both verbal and in writing.
The deadline to apply is August 27, 2024.