A newly established banking group is looking for a Head of Risk to join their team at an executive level
Responsibilities will include:
: Risk Policy Implementation
Propose the enterprise management risk policies, processes, procedures and practices.
Ensure that the internal definitions for Risk Management are in line with the definitions and guidelines.
Propose all the modifications to the principles, policies, processes and procedures regarding the methodologies to manage risk, that are believed as necessary, to have the proper approval by the adequate level in the organization.
Ensure compliance with internal policies, process flows, statutory and regulatory requirements which include risk management.
Establish, in agreement with the business and service units, the processes, indicators, and necessary controls for the adequate execution of the objectives for managing risk, following the guidelines related with Policies and Strategies
Participate across the organization in the effort to explain, train, and prepare the processes and methodologies for Risk Management, with the purpose that all staff understand their responsibility in relation to Risk Management.
Develop and present for evaluation and approval, the methodology to identify, measure, control and mitigate the different type of risks present in normal operations.
Determine the degree of risks to be tolerated and conduct assessments for each risk of the potential negative effects if it is not controlled. This includes credit risk, liquidity risk, reputational risk, market risk, interest risk, fraud risk, legal risk, compliance risk, operational risk, it risk, strategic risk and confidentiality of sensitive information.
Review the compliance with the proposed risk exposure limits and authorization levels approved.
Develop strategies to measure risks by identifying key indicators and ratios that can be tracked and analyzed regularly to assess exposure to risk in each area of operations. Set the acceptable range for each indicator, outside of which would indicate excessive risk exposure, determines the frequency with which each indicator should be monitored and analyzed.
Systematically review the exposures by risk type for the main clients, economical sectors, geographical area and other segmentations.
Design an information system based on objective and timely reports, which follows the assumed risk levels and the compliance with the defined limits, and report the results periodically to the Risk Committee.
Analyze and advise Management on Risk perceptions and recommend options to mitigate risks.
Coordinate the generation and analysis of the Risk Management Reports (Net flow / trend analysis, vintage analysis, early payment defaults, was/is analysis and leading indicators report).
Risk reporting in an appropriate way for different audiences so they understand the most significant risks, to business heads to ensure they are aware of risks relevant to their parts of the business and to individuals to understand their accountability for individual risks.
Email: praise@recruitmentmatters.co.zw
