Job Purpose and Reporting

• The role is responsible for overseeing and managing the various Bank risks including operational risk, credit risk, market risk and compliance risk. The role will ensure the Bank operates within acceptable risk levels and complies with regulations.
• The role reports to the Risk and IT Committee of the Board and with dotted line to the Chief Executive Officer (CEO).

Key Responsibilities

• Risk Management Strategy: Development of fit for purpose risk management strategy for the Bank in line with the regulatory operating framework and landscape and Bank’s strategy.
• Risk Identification and Assessment: Identifying potential risks across the Bank’s operations, including credit, market, operational, and compliance risks.
• Risk Mitigation: Developing and implementing strategies and controls to mitigate identified risks proactively.
• Policy and Procedures: Establishing and maintaining bespoke risk management policies, procedures, and frameworks.
• Monitoring and Reporting: Monitoring risk levels, reporting on risk exposures, and escalating issues to senior management, the board and the Group.
• Compliance: Ensuring the Bank complies with relevant regulations and legal requirements.
• Stakeholder Management: Collaborating with various stakeholders, including senior management, the board, the Group, and other departments, to promote a strong risk culture.

Education and Professional Qualification Requirements

• University Degree in Finance, Accounting or another related field.
• Professional qualifications such as Certified Risk Management Professional (CRMP), Enterprise Risk Management (ERM).
• Master’s degree in finance, Accounting, or related field is an added advantage.

Skills and Competencies

• In-depth knowledge of risk management principles, frameworks, and regulatory requirements.
• Risk Management Principles
• Excellent interpersonal skills and good verbal and written communication skills.
• Analytical thinking with integration skills
• Computer skills
• Ability to work under pressure, tight deadlines, and competing priorities.
• Strong decision-making ability.

Work Experience & Other Requirements

• Minimum 12 years’ experience in the banking/financial industry, with at least 7 years and above in similar or senior leadership role in risk management.
• Prior experience of working in a multiple reporting matrix including Group set up and, in a Sharia compliant financial institution/s is an added advantage.