Head of Risk

The Role

The Head of Risk will support the Chief Risk
Officer in overseeing and implementing the organization s enterprise risk
management framework, ensuring that all risks are identified, assessed,
mitigated, and monitored effectively and upholding the integrity of the
function and raising the risk culture. The role is also responsible for end-to-end Operational Risk
Governance, Change Management including Product Governance, Analytics &
Reporting and Risk Systems Management. .

Leadership and strategy

• Support the CRO and functions in enabling and
  executing the overall business strategy
  
• Drive the effective implementation of the Enterprise
  Risk Management (ERM) framework across the organization.
  
• Promote operational risk management culture, awareness and training
  across the organization
  
• Role model the values of the organization and
  is to be seen as a Subject Matter Expert
  
• To be seen as an enabler to business and
  product strategy and not a blocker .
  

Risk Management and
Governance

• Coordinate with departments to implement the bank's operational
  risk management strategies and policies, assist to adopt appropriate
  methodologies, tools and procedures to identify, assess, monitor, control
  or mitigate operational risk;
  
• Oversee and own departments' implementation of operational risk
  management policies, follow up of key operational risks identified via
  operational risk management tools and provide recommendations to mitigate
  control weaknesses and monitor the rectification progress;
  
• Lead efforts to identify and assess
  emerging and existing risks across business units and support functions
  
• Oversight and challenge first line of defense while enabling
  business
  
• Key member in the product governance forums
  
• Perform periodic risk assessments and scenario analysis.
  
• Oversee risk monitoring activities and ensure accurate, timely
  reporting of key risk indicators (KRIs), limits, and exposures by first line to the CRO and risk
  committees.
  
• Provide insights and recommendations on risk trends and mitigation
  strategies.
  
• Own the Risk Register along with first line by ensuring oversight
  
• Comply with legal, regulations or rules issued
  by regulators, entity's strategy and relevant risk management policies and
  procedures;
  

Risk System, AI, Analytics & Reporting:

• Lead the
  design and implementation of entity wide risk system to enhance data
  collection, analysis and reporting capabilities
  
• Deploy
  the use of AI including ML and Natural Language to derive efficiencies in the
  risk management processes across the organisation
  
• Develop
  and maintain operational risk dashboards and reporting tools to provide timely
  insights to senior management and stakeholders.
  
• Analyse
  operational risk data to identify trends, emerging risks, and areas for
  improvement in risk management practices.
  
• Prepare
  and present regular reports on operational risk performance, including key risk
  indicators (KRIs) and risk mitigation efforts to senior management and the
  board.
  
• Collaborate
  with IT and data management teams to ensure data integrity, security, and
  accessibility for operational risk management purposes
  

Stakeholder Engagement:

• Foster
  strong relationships with internal stakeholders , to promote a culture of risk
  awareness and accountability.
  
• Engage
  with external regulators, partners and industry bodies to stay abreast of
  regulatory developments and best practices in Governance and operational risk
  management.
  
• Lead
  training and awareness initiatives to enhance the organization's understanding
  of operational risk and its management.

What You ll Need:

• Strong understanding of risk disciplines
  (credit, operational, market, liquidity, etc). Knowledge of systems and
  models will be an advantage.
  
• Analytical,
  inquisitive, tenacious and attention to detail.
  
• Able to manage
  conflicting priorities and situations
  
• In-depth
  knowledge on financial service products including store value facility,
  retail payment services and consumer protection
  
• Knowledge on
  technology and ICS standards including AI used for building financial
  services.
  
• Academic or
  Professional Education/Qualifications, i.e. standards required for role. Licenses
  and Certifications/accreditations will be an added advantage
  
• Strong leadership and stakeholder
  management

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