The Head of Risk shall assist the Chief Risk Officer in identifying, evaluating, analyzing and managing risks associated to the Bank’s operations and ultimately reducing the cost of risk. He/She shall be expected to identify and evaluate the risk exposures, and to administer the risk treatment to efficiently manage exposures to those risks, as well as remain informed of the changes that occur within the Bank and its environment and recommend/execute changes to the risk management program as appropriate.

 

KEY RESPONSIBILITIES:

• Collaborate with Risk Managers to manage key risks, provide analysis, and highlight risk exposures and performance metrics.
• Conduct ongoing risk assessments to monitor market volatility, liquidity, counterparty exposure, and regulatory compliance.
• Develop risk mitigation strategies and evaluate investment opportunities.
• Partner with executive management across the Bank to drive, influence, and collaborate on the accomplishment of business objectives and overall bank goals while managing the inherent risks.
• Ensure an effective risk management strategy and culture are in place through an enterprise-wide framework of risk management activities, standards and controls to achieve Bank’s objectives.
• Manage risk governance including risk policies, risk appetite and risk limits; credit scoring and risk grading assignments; credit exposure to counterparties; risk infrastructure, and risk integration.
• Advise and credibly challenge executive management on risk issues to strategic direction and long-term business planning.
•  Embrace technology and innovation to align systems with strategy and to achieve efficient execution and transparent reporting.
• Formulate approach, impact analysis, and response to complex and sensitive issues, market crisis situations and stress case scenarios, which have potential impact and threat to credit portfolio.
• Oversee regular review and analysis of portfolio trends to detect deterioration in portfolio quality. This includes ensuring that the monitoring and control of the portfolio is being conducted and that all exposure is properly approved, reported and reviewed.
• Implement Bank’s credit risk management strategy for approval by the Board of Directors within the credit risk appetite set by the Board.
• Ensure that Bank’s approach to credit risk management is appropriate relative to the legislative, economic, competitive environment, Bank’s values, and the credit risk appetite set by the Board of Directors.
• Oversee Bank’s Lending Policy and credit.
• Determination, monitoring and, where appropriate, recommending changes to MauBank’s credit risk appetite for approval by the Board of Directors.
• Ensure loan documentation meets business needs and legal obligations.
• Oversee the operational risk management framework for the bank.
• Ensuring the development and implementation of business continuity plans to ensure service is continuous when a change programme is introduced or a security breach occurs or in the event that the disaster recovery plan needs to be triggered.
• Oversee the management of cybersecurity and technology risks.
• Devise strategies and implement IT solutions to minimize the risk of cyber-attacks.

PREREQUISITES:

• Bachelor’s degree or equivalent required; Degree in Risk Management, Finance, Accounting or related field accepted by the Bank with 10+ years of progressive management level experience.
• Analytical and problem-solving skills: Ability to analyze complex risk scenarios, identify vulnerabilities, and develop effective risk mitigation strategies. Strong attention to detail and critical thinking under pressure.
• Significant experience in presenting to Executive Committees and Boards highly desirable.

SKILLS:

• Proven track record in developing and implementing risk management frameworks, policies, and procedures.
• Exceptional verbal and written communication, collaboration, and time management skills.
• Superior organizational and motivational skills, strategic, communication and tactical excellence.