Risk Manager – SSRM

Main job function
The Head: Risk Management/CRO plays a crucial role in ensuring the overall risk management
and compliance framework of our niche banking institution. The Head: Risk Management/CRO will oversee the development, implementation, and maintenance of robust risk management strategies and policies in alignment with banking principles and regulatory requirements specifically in terms of Regulation 39 of the Banks Act. The primary focus will be to identify, assess, and manage risks across the organization while promoting a culture of risk awareness and compliance.

KEY PERFORMANCE AREAS

Risk Management

• Identifies Key Risk Indicators (KRI) and tolerance levels, where appropriate in respect of major risks facing the bank through workshops and one to one meeting with management and obtain Board approval

• Records Risk events and risk indicators, with an analysis and prioritise actions to mitigate associated risks
• Ensures that Risk Management Programmes are maintained and up to date with current developments and trends within the industry and in keeping with Group policies and that they are appropriate for the bank.
• Develop and enhance the risk management framework, policies, and procedures specific to banking to effectively identify, assess, and mitigate risks.
• Monitor and analyse internal and external risk factors and provide strategic recommendations to the executive management team and Board.
• Ensure compliance with regulatory requirements related to risk management and banking principles.
• Implement risk management tools and systems to facilitate risk identification, measurement, and reporting.
• Specific focus on credit, capital, liquidity and operational risk management. Other risk areas must be also considered especially in terms of its impact on the Bank.
• To use robotics and artificial intelligence where possible to improve risk reporting.
• To ensure the Banks risk management policies such as its enterprise risk management framework, ICAAP, Recovery plan, RDARR framework etc are all updated and approved by the Board

QUALIFICATIONS

• A degree or Relevant Qualifications in Risk Management or equivalent will be required to meet the requirements of the role at the highest level of competence

PREFERRED EXPERIENCE

• A minimum 5 years of Auditing and Banking experience with at least 3 years in a management position preferably with involvement in risk issues across an organisation

A Consultant will be in touch if you are shortlisted for the position. Please consider your application unsuccessful should you not have been contacted within 2 weeks. We will keep your CV on our database and contact you should you match the criteria of any other vacancies.