The Head of Risk shall
assist the Chief Risk Officer in identifying, evaluating, analyzing and
managing risks associated to the Bank’s operations and ultimately reducing the
cost of risk. He/She shall be expected to identify and evaluate the risk
exposures, and to administer the risk treatment to efficiently manage exposures
to those risks, as well as remain informed of the changes that occur within the
Bank and its environment and recommend/execute changes to the risk management
program as appropriate.
KEY RESPONSIBILITIES:
- Collaborate with Risk Managers to manage key
risks, provide analysis, and highlight risk exposures and performance metrics.
- Conduct ongoing risk assessments to monitor
market volatility, liquidity, counterparty exposure, and regulatory compliance.
- Develop risk mitigation strategies and evaluate
investment opportunities.
- Partner with executive management across the
Bank to drive, influence, and collaborate on the accomplishment of business
objectives and overall bank goals while managing the inherent risks.
- Ensure an effective risk management strategy and
culture are in place through an enterprise-wide framework of risk management
activities, standards and controls to achieve Bank’s objectives.
- Manage risk governance including risk policies,
risk appetite and risk limits; credit scoring and risk grading assignments;
credit exposure to counterparties; risk infrastructure, and risk integration.
- Advise and credibly challenge executive
management on risk issues to strategic direction and long-term business
planning.
- Embrace technology and innovation to align
systems with strategy and to achieve efficient execution and transparent
reporting.
- Formulate approach, impact analysis, and
response to complex and sensitive issues, market crisis situations and stress
case scenarios, which have potential impact and threat to credit portfolio.
- Oversee regular review and analysis of portfolio
trends to detect deterioration in portfolio quality. This includes ensuring
that the monitoring and control of the portfolio is being conducted and that
all exposure is properly approved, reported and reviewed.
- Implement Bank’s credit risk management strategy
for approval by the Board of Directors within the credit risk appetite set by
the Board.
- Ensure that Bank’s approach to credit risk
management is appropriate relative to the legislative, economic, competitive
environment, Bank’s values, and the credit risk appetite set by the Board of
Directors.
- Oversee Bank’s Lending Policy and credit.
- Determination, monitoring and, where appropriate,
recommending changes to MauBank’s credit risk appetite for approval by the
Board of Directors.
- Ensure loan documentation meets business needs
and legal obligations.
- Oversee the operational risk management
framework for the bank.
- Ensuring the development and implementation of
business continuity plans to ensure service is continuous when a change
programme is introduced or a security breach occurs or in the event that the
disaster recovery plan needs to be triggered.
- Oversee the management of cybersecurity and
technology risks.
- Devise strategies and implement IT solutions to
minimize the risk of cyber-attacks.
PREREQUISITES:
- Bachelor’s degree or equivalent required;
Degree in Risk Management, Finance, Accounting or related field accepted by the
Bank with 10+ years of progressive management level experience.
- Analytical and problem-solving skills: Ability
to analyze complex risk scenarios, identify vulnerabilities, and develop
effective risk mitigation strategies. Strong attention to detail and critical
thinking under pressure.
- Significant experience in presenting to
Executive Committees and Boards highly desirable.
SKILLS:
- Proven track record in developing and
implementing risk management frameworks, policies, and procedures.
- Exceptional verbal and written communication,
collaboration, and time management skills.
- Superior organizational and motivational skills,
strategic, communication and tactical excellence.
