Overview: (Core accountabilities; aims of position; specific responsibilities)
The Head of Risk Management is responsible for the Bank’s risk management functions.
The sub-divisions under the Head of Risk Management’s responsibility include:
Operational Risk unit management,
Market Risk unit management,
Credit Risk unit management.
Risk Management Staff are required to supervise and carry out risk-based around the world designed to review and appraise the Bank’s activities, systems and controls.
Responsibilities: (Day-to-day duties; job process; “typical day”)
Ensure that the bank complies with credit risk, market risk and operational risk regulations
Define and enforce credit risk policies and procedures for the client presenting these (via the Head of Risk Management) to the Board for validation annually)
Give an opinion on clients’ creditworthiness, prospects, rating and limits, and review at least annually or biennially (depending on meeting of certain criteria)
Organise Credit Committee meetings, and manage the agenda, frequency and attendees of the meetings
Co-presentation of limit requests to Credit Committee
Monitor and control credit-related risks, and manage the IT credit risk system through:
Ensuring correct entering and updating of client and transaction details in the system.
Maintaining the risk and limit consumption data after each utilisation.
Update the Warning List, and seek regular comments from the responsible Relationship Manager and Head of CB Credit Assessment team.
Reviewing the effectiveness and efficiency of risk management including Credit Risk Management; Market Risk Management and Operational Risk Management.
Identifying improvements to control risk management procedures
Presenting the results of the work and recommendations to management, both orally and in writing
Proactively assessing business management’s ability to implement major change initiatives and projects (operational risk procedures, Basel 2, etc)
People Management Responsibilities:
Partnering with the Human Resources team in all relevant recruitment activities for your department and/or team
Communicating and providing regular feedback to your team
Assessing your team on an annual basis as part of the Annual Performance Management Process
Ensuring that your team regularly receives proper training and development as part of their Continuous Professional Development
Developing and reviewing your department policy on a regular basis and as required
Duty of care and corporate social responsibility
Formulation of direction and strategy
Skills, Experience and Education:
Minimum of 15 years experience in the Financial Sector and preferably Banking
Minimum of 10 years experience managing risk for a financial institution
Exposure to audit practices as either a consultant or an employee
Has worked in at least one other country or been responsible for international divisions
Educated to degree level in an appropriate discipline
Character & Personal Qualities:
Strong ethics and personal integrity
Leads by example using a collegiate style of management
Calm, measured and exercises careful judgement
Able to inspire and motivate individuals and teams