Risk Management Manager
4 days ago
MAIN RESPONSIBILITIES:
- Establish an appropriate business strategy and risk appetite including key risk indicators to cover all risks (market, credit, and non-financial risks) which are set up with and approved by the BoD on an annual basis.
- Ensure proper governance and oversight function by directing the implementation and execution of risk frameworks, policies and guidelines/ procedures and methodologies to ensure alignment with regulatory requirements and strategy of the business which is documented in a Risk Management Manual including specific market, credit, and non-financial risk management policies approved by BOD on an annual basis.
- Promote strong risk culture through RM training and policy cascade to new and existing employees.
- Establish risk management practices and processes (Identification, Measurement, Controls & Mitigation, Monitoring & Reporting), e.g., daily Value-At-Risk Monitoring, Build-up and implementation of Credit Scorecards, assignment and review Order and Counterparty Trade Limits, implementation of Business Continuity Management (BCM) program and Business Continuity Plan (BCP).
DUTIES AND RESPONSIBILITIES:
1. Ensure proper governance and oversight function by directing the implementation and execution of risk frameworks, policies and guidelines/ procedures, and methodologies to ensure alignment with regulatory requirements and strategy of the business. The following documents should be established, reviewed/updated, and approved by the BOD on an annual basis:
- Market Risk Management (MRM)
- Trading Book Policy Statement (TBPS) & Trading Book Limits Policy (TBLP)
- Non-Trading Book Policy Statement (NTPS)
- Enterprise Risk/ Assurance
- Stress Testing Policy
- New Products Policy
- New Products Procedures
- Reputation and Reputational Risk Management Policy
- Credit Risk Management (CRM) - Preparation and implementation of the following documents, policies, and procedure
- Credit Risk Policy
- Non-Financial Risk Management (NFRM)
- Operational Risk Management - preparation and implementation of the following documents/policies and procedures
- Operational Risk Policy
- Risk & Control Self-Assessment (RCSA) Procedure
- Key Risk Indicator (KRI) Procedure
- Incident Management & Data Collection (IMDC) Procedure
- OTHER NON-FINANCIAL RISK
- Anti-Fraud Policy
- Outsourcing Policy
- Outsourcing Procedure
- Information Risk Management Guidelines
- Operational Risk Management - preparation and implementation of the following documents/policies and procedures
- Business Continuity Management (BCM)
- Business Continuity Management Policy
- Business Continuity Management Procedures
- Establish an appropriate business strategy and risk appetite including key risk indicators to cover all risks (market, credit, and non-financial risks) which is set up with and approved by the BOD. The following documents shall be reviewed and updated on an annual basis
- Risk Management Framework
- Risk Appetite Statement
- Establish risk management practices and processes (Identification, Measurement, Controls & Mitigation, and Monitoring & Reporting) by operationalizing the approved policies.
- Enterprise Risk - Stress Testing on
- Margin book
- Loan book
- liquidity funding on trading payables and underwriting deals
- Market Risk -
- Daily Value - At-Risk Monitoring for Proprietary /Error Accounts and House/Facilitation Accounts
- Credit Risk
- Build-up and implementation of Credit Scorecards
- Assignment and review Order and Counterparty Trade Limits
- Review and update of credit standard operating procedures
- Review and alignment of credit processes
- Implement limits monitoring and control of all counterparties & institutional clients
- Implement enhanced underwriting deal assessment process
- Non-Financial Risk
- Implementation of Business Continuity Management (BCM) program and Business Continuity Plan (BCP).
- Roll out ORM Framework and Processes
- Formalize BCM/BCP policy in line with Group Standards.
- Roll out ORM reporting and tools across the company
- Implement Anti-Fraud Awareness Program
- Promote strong risk culture through the conduct of RM training and policy cascade to new and existing employees.
- Other tasks that may be assigned from time to time that will support organizational goals and objectives.
JOB SPECIFICATION:
- Bachelor's Degree or Professional Qualification, Post Graduate is an added advantage.
- Must have at least 10 years of working experience in Risk Management of Financial Institution Banking and Brokerage and Lending Institution.
- Strong Critical and Strategic Thinking, Analytical Skills, and Project Management Skills.
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