Deputy Chief Risk Officer

The Deputy Chief Risk Officer is responsible for the development, implementation, coordination and continuous enhancement of the Bank's Risk Management Framework. The role operates within the second line of defence, ensuring that risk management policies, frameworks and practices are effectively implemented, monitored and continuously enhanced across the Bank.

The Deputy Chief Risk Officer provides independent review and constructive challenge to business activities, ensuring that material risks are appropriately identified, assessed, measured, monitored and reported in line with the Bank's risk appetite, regulatory requirements and strategic objectives.

The role reports administratively to the Chief Executive Officer and serves as a key strategic adviser on risk matters, providing independent oversight, objective risk assessment and recommendations to Executive Management and the Board to support sound governance and informed decision-making.

The role is responsible for the day-to-day leadership and coordination of the Risk function, including Credit Risk oversight, Credit Concentration Risk, IFRS 9 Expected Credit Loss (ECL), Regulatory Provisioning, Risk Appetite Monitoring, Operational Risk, Market Risk, Liquidity Risk, Capital Management, Stress Testing and Risk Analytics, while working closely with Executive Management and the Board in maintaining a robust Risk Management Framework.

Key Accountabilities

• Act as a strategic adviser to the Chief Executive Officer and the Board on risk matters, providing independent oversight, constructive challenge and recommendations on material and emerging risks to support informed decision-making.
• Manage and lead the development, implementation and ongoing enhancement of the Bank's Risk Management Framework, in line with regulatory expectations and industry best practices.
• Monitor adherence to the Bank’s Risk Appetite Framework and ensure alignment with business strategy and capital planning (including ICAAP).
• Oversee a robust risk governance framework, including clear policies, procedures, delegation of authority, risk limits, and escalation protocols.
• Establish and maintain early warning systems and risk triggers to detect deviations from the defined risk appetite, enabling timely intervention and mitigation.
• Provide independent review and constructive challenge to business activities to support sound risk assessment and risk-taking decisions.
• Lead the identification, assessment, measurement, monitoring and reporting of the Bank's risks, ensuring appropriate governance and oversight.
• Develop, maintain and periodically review the Bank's risk policies, standards and procedures to ensure continued effectiveness and regulatory compliance.
• Oversee the effective operation of the Bank's Credit Risk, Operational Risk, Market Risk, Liquidity Risk, Capital Management and Stress Testing frameworks, ensuring they remain effective, fit for purpose and aligned with regulatory expectations.
• Lead the preparation and consolidation of regular risk reports to the Board, Board Risk Committee and Senior Management, including updates on the Bank’s risk profile and emerging risks.
• Oversee the governance of the Bank's IFRS 9 ECL framework, including review of methodologies, assumptions and model performance.
• Monitor portfolio concentrations, country and sector risk and emerging financial risk trends, recommending appropriate mitigating actions where necessary.
• Lead the Bank's stress testing, scenario analysis and capital adequacy assessment processes, including ICAAP, ensuring alignment with regulatory expectations and strategic planning.
• Monitor compliance with applicable regulatory requirements and support engagement with regulators, external auditors and other stakeholders on risk-related matters.
• Promote a strong and consistent risk culture across the organisation through communication, awareness and training initiatives.
• Lead the Risk Management function, including Credit Risk, Operational Risk, Market Risk, Liquidity Risk, and Risk Analytics.
• Collaborate closely with Internal Audit, Compliance, and Senior Management to strengthen governance and internal control frameworks.
• Monitor and escalate emerging risks, including regulatory, technological, environmental, geopolitical and conduct risks with a financial impact on the Bank.
• Manage, direct, develop and optimise staff resources within the risk function to support the Bank’s strategic objectives in areas of responsibility.
• Provide strategic input into the Bank's business planning and decision-making processes through independent financial risk assessment and analysis.
• Provide strategic oversight of the development and continual enhancement of country risk assessment models that incorporate political, macroeconomic, and sovereign risk factors.
• Oversee the establishment and maintenance of country risk ratings and exposure limits to guide prudent cross border investment decisions.
• Review and challenge country risk assessments, scenario analyses, and geopolitical monitoring to ensure responsiveness to changing operating environments.
• Champion that country risk insights are appropriately integrated into credit decisions, investment strategy
• formulation, and overall risk appetite considerations.
• Identify and support implementation of process improvements within the Risk function
• Ensure integration and coordination of the Risk function with other areas of the Bank.
• Undertake staff appraisals, provide consultation, support recruitment and foster team development.
• Any other cognate duties

Experience/Qualifications

• Bachelor’s Degree in Finance, Risk Management, Economics or a related field, Master’s degree/Postgraduate qualification would be an advantage.
• Minimum 10 years of experience in risk management including 5 years of experience in a leadership role overseeing enterprise-wide risk functions, including credit risk, operational risk, market risk, or compliance. Professional certifications would be an advantage.
• Significant experience in risk management within the banking or financial sector.
• Demonstrated experience in developing and executing enterprise risk management strategies aligned to regulatory frameworks such as Basel Accords, and international risk standards.
• Strong working understanding of ICAAP, stress testing and capital planning processes.
• Significant experience in IFRS 9 ECL modelling and regulatory provisioning requirements.
• Demonstrated leadership experience managing enterprise risk functions.
• Strong knowledge of regulatory frameworks, prudential standards and governance requirements.
• Experience presenting to Senior Management, Board and Board Committees.
• Advanced analytical and strategic thinking capability.
• Proven general business, people development and leadership experience.

Key Competencies

Behavioural

• Adaptability
• Communication
  • Oral                         
  • Written        
• Decisiveness
• Leadership
• Strategic Thinking
• Stakeholder Management
• Managing Continuous Improvement
• People Development
• Customer Orientation
• Problem Solving
  • Analytical Skills              
  • Solution Finding             
• Team Working
  • Team Skills               
  • Collaboration  

Technical

• ·        Enterprise Risk Management
• ·        Financial Risk Management
• ·        Credit Risk & IFRS 9
• ·        Market & Liquidity Risk Management
• ·        ICAAP & Capital Management
• ·        Risk Governance & Board Reporting
• ·        Basel Regulatory Framework
• ·        Banking Products & Services
• Strategic Risk Analysis