Job Description
Job Profile
The job holder will report to AGM-Risk & Control, and will be responsible for overseeing the overall risk function including Credit, Operational, Market, and ICT risks and plan, develop, organize, implement and evaluate the integrated risk management related functions of the Company.
Key Responsibilities
- Review and monitor credit, liquidity, market, operational and information security risks on an ongoing basis to determine appropriate risk responses.
- Drive the implementation of the Internal Capital Adequacy Assessment Process (ICAAP) of the Company.
- Drive the implementation/monitor Internal Risk Rating (IRR) models across the entire credit portfolio of the Company.
- Ensure that the functions of the Board Integrated Risk Management Committee (BIRMC) are carried out in compliance with the Finance Companies (Corporate Governance) Direction No. 5 of 2022.
- Formulate, review and improve Risk Management Policies including risk tolerance and risk appetite statement.
- Review and update the Business Continuity Plan in line with the Company operations and risk exposures.
- Monitor liquid assets against the regulatory requirements and ensure the availability of an effective contingency plan.
- Manage and participate in key decision-making processes including strategic planning, capital and liquidity planning.
- Ensure to carryout risk assessments including stress tests on an ongoing basis.
- Review/assess risks related to new products/ product extensions.
- Ensure regular reporting to the Board and Management level Committees (BIRMC and EIRMC).
- Get involved in training/awareness programs to strengthen the staff knowledge in managing risks and enriching the risk culture of the Company.
- Conduct industry and country reviews as an ongoing exercise.
- Coordinate with internal/external auditors and CBSL for any queries made by them.
- Assist other verticals for the implementation of new projects and assistance to be extended as and when required.
- Engage in various projects, new initiatives and any other task assigned by the CRO/Head-IRM from time to time.
Candidate Profile
- Have full professional qualification in CPA or ACA/ACCA.
- Bachelor’s degree in Finance or Accounting or Business Management.
- Qualifications in CFA and Risk Management related qualifications will be an added advantage.
- Ten years working experience in the risk management field.
- Strong understanding/foundation in Risk Management principles.
- Broad and deep understanding of CBSL guidelines on Risk Management.
- Ability to analyze root causes of inherent risks.
- Strong interpersonal skills.
- Excellent written and verbal communication including report writing skills.
- High degree of initiative, ability to work independently with minimum supervision.
- Experience in credit risk modelling, ICAAP, IFRS 9 provisioning, PD/LGD assessments/ RAROC assessments.
- Excellent report writing skills.
- Significant knowledge of Integrated Risk Management functions.
If you are interested in applying for this position, please e-mail your CV directly to hroperations@bconnected.lk