Job Responsibilities The incumbent is responsible to manage the risk excellence program and achieve the risk culture implementation in the bank.
The core functionality is focused on Governance areas including Risk Management Policies & Procedures design review and implementation, coordination with Internal / External Auditors / Inspectors in terms of Audit, observations contest & closures, and coordinating with Key Stakeholders at group level from Governance perspective.
The position will also require overseeing the Middle Office function and conducting Management Risk Committee meetings. The incumbent will also assist the CRO in Board Risk Committee material preparation and presentation.
Support CRO in implementing the integrated risk management activities along with execution of Risk Excellence Program to embed risk culture at the enterprise level in line with the Objectives of the Bank.
This includes Risk Policy / Procedure / System design review, overseeing implementations, conduct & participate in relevant Risk Management Committees and oversee that target dates of various activities are met Risk Control testing
Perform quality assurance of control testing being performed by relevant risk functions for quality assurance and updation of control plans
Validate risk control plans are in alignment with prevailing regulations, guidelines and internal policies and procedures;
and where necessary identify corrective measures
Support relevant risk functions in escalation of significant issues and exception items identified during control testing.
Coordinate with other functions in closure of the issues
Establish middle office function at the bank to monitor the treasury front office and to oversee the exposures as per approved limits & allowances
Manage middle office reporting in terms of Market & Liquidity Risks to ALCO, MRC & BRMC. Employ appropriate tools, models, methods and processes to perform market and liquidity risk management activities.
Monitor & review periodic financial reporting to identify any gaps in terms of financials with respect to Credit, Investment and Operational Risks perspective and any emerging Financials Reporting standard.
Risk Monitoring, Communication, and reporting
Monitor that the different functions within risk team have adequate policies and procedures in place and the same are timely updated as per the review frequency defined in the document.
Monitor that different functions within risk are timely sharing reports as per the approved policy and procedures.
Monitor reports issued by various risk functions to ensure adequate coverage in line with the ERM Policy framework, quality of reports and adequacy of follow-up mechanism on action plans
Communicate on control and risk management matters (including identified issues) with relevant stakeholders
Board Risk Management Committee
Assist CRO in preparations and consolidation of the Board Risk Management Committee pack
Provide able support for closure of Board Risk Management Committee’s action items
Management Risk Committee
Convening Management Risk Committee meetings on a regular basis including the circulation of Minutes and overseeing activities on action items
Escalation of risk issues / RAF breaches to the MRC.
Stakeholder Management & Reporting
Coordinate with stakeholders at Bank and group levels and assist them in information gathering and proposed updates required in policies / processes / systems
Prepare risk reporting packs for management and relevant stakeholders followed by resolution of queries raised.
Support risk functions in coordinating with Internal Audit for finalization of Management Responses to various reviews performed by Internal Audit
Support risk functions in coordinating with Internal Audit for timely closure of Audit observations
Assist HR in training the 1st and 2nd line of defense on risk management related areas
Reviewing training materials prepared by the respective risk functions before the same are uploaded on the E-learning portal
Assist the 1st and 2nd line of defense in creating work programs and procedures for standardizing activities along with transition of activities that needed to be performed at 1st line of Defense from 2nd line
Work with ICFR team in identifying Enterprise Level Risks and providing advice on remedial and process improvement activities
Actively participate in selection of systems / tools used for Risk Management, ensuring Bank’s requirements are met
Incumbent shall be responsible to adhere by Telenor Microfinance Bank behaviors (Be Respectful, Keep Promises, Always Explore and Create Together) in all aspects of his / her work.
Required Qualification, Education / Certification & Experience :
Graduate or MBA Finance / Risk Management / Banking and Finance / ACCA / CA / ACMA / CFA / FRM
8 to 10 years (at least 5 years of team management)
4 to 6 years’ experience in banking / lending / FinTech industry
Has good in-depth knowledge and understanding of the regulatory framework in which the Banks & Microfinance Banks in Pakistan operates, and international regulatory and best practice requirements if a plus.
Risk Management, identification, assessment, controls development, training, monitoring and reporting.
Strong analytical and reasoning skills
Practical and commercial approach to problem solving
A motivated self-starter, capable of working on own initiative with a high level of integrity.
Good level of understanding of Compliance, risk and control matters
Excellent written and oral communication skills
Ability to summarize issues to senior management to enable decision making