Risk Management Manager

MAIN RESPONSIBILITIES:

• Establish an appropriate business strategy and risk appetite including key risk indicators to cover all risks (market credit and nonfinancial risks) which are set up with and approved by the BoD on an annual basis.
• Ensure proper governance and oversight function by directing the implementation and execution of risk frameworks policies and guidelines/ procedures and methodologies to ensure alignment with regulatory requirements and strategy of the business which is documented in a Risk Management Manual including specific market credit and nonfinancial risk management policies approved by BOD on an annual basis.
• Promote strong risk culture through RM training and policy cascade to new and existing employees.
• Establish risk management practices and processes (Identification Measurement Controls & Mitigation Monitoring & Reporting) e.g. daily ValueAtRisk Monitoring Buildup and implementation of Credit Scorecards assignment and review Order and Counterparty Trade Limits implementation of Business Continuity Management (BCM) program and Business Continuity Plan (BCP).

MAIN RESPONSIBILITIES:

• Establish an appropriate business strategy and risk appetite including key risk indicators to cover all risks (market credit and nonfinancial risks) which are set up with and approved by the BoD on an annual basis.
• Ensure proper governance and oversight function by directing the implementation and execution of risk frameworks policies and guidelines/ procedures and methodologies to ensure alignment with regulatory requirements and strategy of the business which is documented in a Risk Management Manual including specific market credit and nonfinancial risk management policies approved by BOD on an annual basis.
• Promote strong risk culture through RM training and policy cascade to new and existing employees.
• Establish risk management practices and processes (Identification Measurement Controls & Mitigation Monitoring & Reporting) e.g. daily ValueAtRisk Monitoring Buildup and implementation of Credit Scorecards assignment and review Order and Counterparty Trade Limits implementation of Business Continuity Management (BCM) program and Business Continuity Plan (BCP).

DUTIES AND RESPONSIBILITIES

1. Ensure proper governance and oversight function by directing the implementation and execution of risk frameworks policies and guidelines/ procedures and methodologies to ensure alignment with regulatory requirements and strategy of the business. The following documents should be established reviewed/updated and approved by the BOD on an annual basis:

• Market Risk Management (MRM)
  • Trading Book Policy Statement (TBPS) &Trading Book Limits Policy (TBLP)
  • NonTrading Book Policy Statement (NTPS)
• Enterprise Risk/ Assurance
  • Stress Testing Policy
  • New Products Policy
  • New Products Procedures
  • Reputation and Reputational Risk Management Policy
• Credit Risk Management (CRM) Preparation and implementation of the following documents policies and procedure
  • Credit Risk Policy
• NonFinancial Risk Management (NFRM)
  • Operational Risk Management preparation and implementation of the following documents/policies and procedures
    • Operational Risk Policy
    • Risk & Control SelfAssessment (RCSA) Procedure
    • Key Risk Indicator (KRI) Procedure
    • Incident Management & Data Collection (IMDC) Procedure
  • OTHER NONFINANCIAL RISK
    • AntiFraud Policy
    • Outsourcing Policy
    • Outsourcing Procedure
    • Information Risk Management Guidelines
• Business Continuity Management (BCM)
  • Business Continuity Management Policy
  • Business Continuity Management Procedures
• Establish an appropriate business strategy and risk appetite including key risk indicators to cover all risks (market credit and non financial risks) which is set up with and approved by the BOD. The following documents shall be reviewed and updated on an annual basis
  • Risk Management Framework
  • Risk Appetite Statement
• Establish risk management practices and processes (Identification Measurement Controls & Mitigation and Monitoring & Reporting) by operationalizing the approved policies.
  • Enterprise Risk Stress Testing on
  • Margin book
  • Loan book
  • liquidity funding on trading payables and underwriting deals
• Market Risk
  • Daily Value AtRisk Monitoring for Proprietary /Error Accounts and House/Facilitation Accounts
• Credit Risk
  • Buildup and implementation of Credit Scorecards
  • Assignment and review Order and Counterparty Trade Limits
  • Review and update of credit standard operating procedures
  • Review and alignment of credit processes
  • Implement limits monitoring and control of all counterparties* & institutional clients
  • Implement enhanced underwriting deal assessment process
• NonFinancial Risk
  • Implementation of Business Continuity Management (BCM) program and Business Continuity Plan (BCP).
  • Roll out ORM Framework and Processes
  • Formalize BCM/BCP policy in line with Group Standards.
  • Roll out ORM reporting and tools across the company
  • Implement AntiFraud Awareness Program
• Promote strong risk culture thru the conduct of RM training and policy cascade to new and existing employees.
• Other tasks that may be assigned from time to time that will support organizational goals and objectives.

JOB SPECIFICATION

• Bachelors Degree or Professional Qualification Post Graduate is an added advantage.
• Must have at least 10 years of working experience in Risk Management of Financial Institution Banking and Brokerage and Lending Institution.
• Strong Critical and Strategic Thinking Analytical Skills and Project Management Skills.