Job Description
Responsibilities:Identifying the key risk exposures (e.g. market risk, liquidity risk, credit risk, technology risk, operational risk, compliance risk, etc.) and assessing and measuring the extent of risk exposures of the bank and its operations
Monitoring the risk exposures and determining the corresponding capital requirement in accordance with the Basel capital adequacy framework and based on the banks internal capital adequacy assessment on an on-going basis
Independent Risk Management
Review of client approval documents provided by partner facing teams
Review of AML policies defined by partner facing teams
Input into credit risk management processes
Drafting, reviewing and revising the Risk Management manuals to cope with the current developments of risk disciplines in the industry
Board reporting
Secretariat to the Risk Committee, Audit and Compliance Committee
Reporting on a regular basis to senior management and to the board of directors of the results of assessment and monitoring
Deeply understand the regulatory requirements and understand what specifically will be required to implement these requirements in the case of a partnership based bank.
Creatively find solutions
As per regulation, this position will report directly to the independent Risk and Audit / Compliance Committees/ BOD. The position will be independent of the Management but will work closely with the Head of Operations / CEO in the implementation of the responsibilities.Metrics to monitor
BSP assessment of the bank's performance (BSP rating)
Feedback from partner-facing teams
Required skills and qualificationsThis position requires expertise in control functions, while also understanding the implications of these functions on business operations to ensure the functions are implemented in a client-friendly manner. The specific areas of expertise seen in the candidate will include:
Experience of credit risk analytics, or deep experience in risk functions in a regulated bank
Expertise of BSP regulations in Risk Management areas
Mathematical analysis experience
Clear and concise writing
Definition of risk management processes, including
Operational risk reviews
Market and liquidity risk
IT risk management
Leadership of risk functions
Initial tasks:
Review current risk policies, and identify gaps in the overall framework
Set up risk reporting, reporting to Board Committees
Conduct risk assessments in partners
Originally posted on Himalayas
Monitoring the risk exposures and determining the corresponding capital requirement in accordance with the Basel capital adequacy framework and based on the banks internal capital adequacy assessment on an on-going basis
Independent Risk Management
Review of client approval documents provided by partner facing teams
Review of AML policies defined by partner facing teams
Input into credit risk management processes
Drafting, reviewing and revising the Risk Management manuals to cope with the current developments of risk disciplines in the industry
Board reporting
Secretariat to the Risk Committee, Audit and Compliance Committee
Reporting on a regular basis to senior management and to the board of directors of the results of assessment and monitoring
Deeply understand the regulatory requirements and understand what specifically will be required to implement these requirements in the case of a partnership based bank.
Creatively find solutions
As per regulation, this position will report directly to the independent Risk and Audit / Compliance Committees/ BOD. The position will be independent of the Management but will work closely with the Head of Operations / CEO in the implementation of the responsibilities.Metrics to monitor
BSP assessment of the bank's performance (BSP rating)
Feedback from partner-facing teams
Required skills and qualificationsThis position requires expertise in control functions, while also understanding the implications of these functions on business operations to ensure the functions are implemented in a client-friendly manner. The specific areas of expertise seen in the candidate will include:
Experience of credit risk analytics, or deep experience in risk functions in a regulated bank
Expertise of BSP regulations in Risk Management areas
Mathematical analysis experience
Clear and concise writing
Definition of risk management processes, including
Operational risk reviews
Market and liquidity risk
IT risk management
Leadership of risk functions
Initial tasks:
Review current risk policies, and identify gaps in the overall framework
Set up risk reporting, reporting to Board Committees
Conduct risk assessments in partners
Originally posted on Himalayas
Work mode: remote