Head, Enterprise Risk Management

Job Description

The responsibility involves liaising with the various units within the risk management function to ensure that the overall objectives of the department are met as well as comprehensive risk reporting. 

The Enterprise Risk Head will be required to work in specialized areas including business continuity, corporate governance, enterprise risk management, information security risk, credit and market risk, regulatory risk, reputational risk, strategic risk, technology risk, prudential risk (capital and liquidity), and ESG risk (climate and sustainability-related)

KNOWLEDGE, SKILLS & EXPERIENCE REQUIRED 

• Minimum of 10 years’ experience of risk management experience in the banking industry, including knowledge of managing data/technology processes, or experience in risk mitigation within a financial institution. 
• Bachelor’s Degree from a recognized University. A Masters is an advantage. 
• Good knowledge of the Basel Accord. 
• Good knowledge of Compliance, laws, rules, regulatory requirements, including recent regulatory reform. 
• Strong interpersonal skills with ability to work collaboratively and people at all level of the organization 
• Strong project management, organization skills and capability to multitask 
• Proficiency with Microsoft Office Applications (Excel, Word, PowerPoint…) 
• Experience performing walkthroughs, risk assessments of the internal controls’ environment, performing controls and substantive testing 
• Ability to write risk reports and articulate inherent risks  
• Strong team player 
• Strong analytical skills, and confidence in interrogating data, processes and interviewing stakeholders.
• Highly organized individual, with ability to multi-task. 

KEY RESULT AREAS

Risk Management 

• Develop and maintain a Board-approved Risk Appetite Statement. 
  Establish and implement mechanisms to monitor Key Risk Indicators (KRIs) across the enterprise. 
• Oversee the review and update of risk policies to ensure alignment with regulatory requirements and strategic changes. 
• Engage the various Risk Departments to plan, design and implement an overall risk management process for the organization. 
• Engage the various units to conduct risk evaluation/assessment which involves the comparison of estimated risk with established criteria and report to the Chief Risk Officer. 
• Liaise with the various risk units, i.e. Credit, Operational, Market, Prudential, and ESG Risk to submit consolidated monthly reports for onward submission to the Chief Risk Officer. 
• Manage ESG risk oversight, including climate-related risks and sustainability considerations in line with evolving regulatory expectations. 
• Provide timely and actionable risk reports and dashboards to senior management and the Board. 
  Review risk reports submitted by the various risk heads and vet their quality prior to submission to the CRO. 
• Implement a structured internal communication plan to promote risk awareness across the bank.

Strategic Risk Oversight 

• Coordinate and monitor the implementation of strategic plans across the risk 
  function, ensuring alignment with enterprise-wide objectives. 
• Track and assess strategic risks in line with the risk management framework. 
• Support the execution and strengthening of the Risk Appetite approach including the effective setting and monitoring of Risk Appetite thresholds, stakeholder engagement and communications, and workflow improvements. 
• Support risk management change initiatives related to the transformation of the Risk Appetite framework into an integrated, materiality focused and SMART approach (specific, material, actionable, relevant and time-bound). 

Regulatory & Conduct Risk 

• Work closely with Compliance to identify and resolve regulatory gaps, ensuring that risk-related processes and policies reflect current legal and supervisory expectations. 
• Drive the embedding of regulatory changes and business conduct as part of the enterprise risk management framework including ensuring the integration of all applicable laws, regulations, guidelines and the bank's Code of Conduct. 
• Support in driving compliance with all applicable laws, regulations, guidelines and the bank's Code of Conduct. 
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Training and Capacity Building  

• Deliver tailored risk management training programs across all staff levels to strengthen risk competencies and reinforce a strong risk culture. 
• Provide support, education and training for staff to build risk awareness within the bank 
• Support in the resolution of issues associated with their day-to-day operations/functions.

INFORMATION SECURITY RESPONSIBILITIES 

• Abide with the Bank’s Information Security Management Systems (ISMS) policies and procedures.
• Safeguard the Bank’s Information assets in accordance with ISMS policies and procedures