Risk Manager
Job Overview:
As a Risk Manager, you will play a crucial role in supporting the Head of Risk in implementing and maintaining the risk management framework, fostering a culture of risk, while ensuring compliance with industry standards, regulations and internal policies and procedures.
Responsibilities:
1. Assist the Head of Risk in developing and maintaining risk management strategies, policies, and procedures.
2. Monitor key risk indicators (KRIs) and performance metrics to proactively identify emerging risks, whilst escalating and reporting any deviations from established risk thresholds.
3. Pro-active maintenance of the Company risk register by carrying out comprehensive risk assessments, identifying potential threats and vulnerabilities across various aspects of the business, including credit risk, market risk, operational risk, financial risk, and compliance risk.
4. Co-ordination of the completion of quarterly risk controls within the prescribed deadlines. Formulation and follow up of action plan with various department for any deficiencies identified during the controls testing process.
5. Test the adequacy and effectiveness of first level controls performed by the business, identify areas of improvements and propose corrective actions, where necessary.
6. Maintain an up to date business continuity plan (BCP) and co-ordinate BCP testing activity at least twice per year.
7. Collaborate with the Head of Risk to develop and implement risk management strategies, policies, and procedures tailored for various business lines.
KNOWLEDGE, EXPERIENCE, QUALIFICATIONS
- Bachelor's degree in finance, risk management, business administration, or a related field. Certified Risk Manager (CRM), Financial Risk Manager (FRM), or other relevant professional certifications is desirable.
- Prior experience in risk management or in a control function within the finance industry or related financial services sector.
- Excellent analytical skills with the ability to interpret complex data and draw actionable insights.
- Knowledge of the regulatory regime and the requirements and guidance issued by the regulatory bodies is desirable
- Effective communication and interpersonal skills, with the ability to articulate risk-related concepts to diverse audiences.
- Demonstrated leadership abilities with a track record of driving change and influencing stakeholders at all levels of the organization.
- Commitment to integrity, ethical conduct, and regulatory compliance.