Job Summary
Company:
Confidential
Category: Banking
/ Finance
Location: Accra
Job status: Full-Time
Salary: GH
Education: Degree
Experience: 10 years
Job expires: 24 Jun-2022
A reputable player in the banking industry seeks a suitable candidate to
fill the following position: Chief Risk Officer (CRO)
Job Summary:
• The Chief Risk Officer’s (CRO) primary
responsibility is to develop and implement a risk management framework with
appropriate tools for the measurement, reporting and control of risks.
• The CRO shall establish a risk appetite
framework per the Board’s stated risk tolerance expressed in a limit structure
for all business units, monitor risk-taking activities and report adherence to
limits.
• The successful candidate shall collaborate with
the Board’s Risk Oversight Committee (ROC) while having direct reporting line
to the Deputy Managing Director. The CRO is a member of the Executive
Management and the Asset and Liability Committee (ALCO).
Key Duties
and Responsibilities:
• To identify, assess, measure, monitor, mitigate
and manage all types of risk arising from the internal and external business
environment at a bank-wide level.
• To develop risk management policies, including
the quantification of the Bank’s risk appetite through specific risk limits.
• To implement a set of risk metrics and reports,
including losses and incidents, key risk exposures, and early warning
indicators.
• To allocate capital to exposures based on risk,
and optimize the bank’s risk portfolio through business activities and risk
transfer strategies.
• To improve the bank’s risk management readiness
through communication and training, performance measurement, and other change
management interventions.
• To monitor and ensure proper working of the
credit risk function including credit risk policy formulation, credit risk
procedures, model validation for retail, corporate and SME lending, credit risk
capital computation, risk mitigation, monitoring and reporting.
• To monitor and ensure proper working of the
operational risk function including operational risk policy development, risk
identification, loss event management, business line mapping. Control Risk
Self-Assessment, monitoring of KRIS, risk capital computation, and mitigation
strategies.
• To monitor and ensure proper working of the
market risk function including market risk policy development, risk assessment
tools/models for market, liquidity/interest rate risks, determining and monitoring
of limits, risk reporting dashboards, capital computation and mitigation
strategies.
• To ensure the integration and maintenance of all
IT systems and applications related to risk management.
• To monitor the integrity of risk measurement
techniques used to monitor the Bank’s risk profile relative to its risk
appetite.
• To perform any other duties that may be assigned
by Management.
Qualification
Required & Experience
• Bachelor’s Degree in Finance, Business or
related field
• Master’s Degree Finance, Business or related
field.
• Minimum of 10+ years experience in banking and
finance, with at least 5 years in senior risk management related role.
• In-depth understanding of regulatory compliance
requirements. Knowledge in global regulatory environment/practices is preferred.
• A professional qualification is an added
advantage.
• Considerable experience in risk control
processes, tools/techniques, capital management, risk-related regulations and
compliance.
Essential
Knowledge, Skills and Ability Required:
• Strong functional exposure to regulatory
interactions, strong technology and a keen eye for details.
• Strong understanding of statistics and
quantitative data analysis methods.
• Strong business acumen – business and financial
judgment, problem-solving skills, and in-depth understanding of banking
processes and operations.
• Ability to influence a culture of risk awareness
in the organization.
• Ability to lead and exercise authority through
expertise, experience, showing both strategic and operational understanding of
the business model.
• Strong sense of collaboration and ability to
develop positive relationships with key business stakeholders and demonstrate
respectful, constructive negotiating skills.
• Excellent written and oral communication skills,
with proven ability to present and explain complex information and suggest
process improvements to a diverse audience including the Board,
• Demonstrate the ability to maintain strict
confidentiality
Location: Accra
How to Apply
For the Job
Interested candidates can send their applications
and detailed CVs to:
recruitCRO22@gmail.com
Kindly note that only shortlisted candidates will
be contacted
Closing Date: 24 June, 2022