Chief Risk Officer/Compliance Officer

The Chief Risk Officer acts as the custodian of the Enterprise Risk Management framework and guides the implementation of the Enterprise risk management framework across the organization.

• Develop Enterprise Risk Management policy which clearly outlines all the different types of risk categories relevant to the business, Company’s approach to managing these risks and the roles and responsibilities across the Company for managing the risks. Periodically review the Enterprise Risk Management Policy and obtain approval from the Risk Management Committee (RMC) for any revisions in ERM Policy.
• Facilitate development of Risk Registers outlining all the different risks faced by the business across various lines of businesses and departments by interacting with Risk and Mitigation Plan Owners (RMOs)of each department.
• Facilitate the Risk and Mitigation Plan Owners to develop a clear plan of action for mitigating current gaps in managing various risks and develop a tracking mechanism to ensure the actions are implemented in a timely manner.
• Define Risk Appetite statements and Key Risk Indicators for the most critical risks that could potentially impact overall strategy. Monitor the Key Risk Indicators and report the results to the Risk Management Committee.
• Develop incident reporting process across the organization which can facilitate monitoring and reporting adverse incidents which will help as an input during Risk and Control Self-Assessment and wider organizational learning from Enterprise Risk Management perspective.
• Coordinate with Risk and Mitigation Plan Owners to periodically refresh the Risk Register including risks, mitigating controls and areas for enhancements. Review Risk Register provided by the Risk and Mitigation Plan Owners of each department.
• Facilitate and review Risk and Control Self-Assessment.
• Monitor any changes to risks, including identification of emerging risk
• Oversee the execution of the Enterprise Risk management activities by Risk and Mitigation Plan Owners.
• Track implementation of the risk mitigation actions.
• Support analysis and communication of Enterprise Risk Management related information
• Facilitate periodic refresh of Key Risk Indicators and the underlying thresholds.
• Provide training to Head of Departments (Risk & Mitigation Plan Owners) for Enterprise Risk Management including the Enterprise Risk Management roles and responsibilities, Risk Register and Risk Assessments.
• Develop a Fraud Risk Management policy that helps management identify, assess, report and manage fraud risks across the Company. Report cases of suspected fraud / misconduct as appropriate.
• Report to the RMC on Enterprise Risk related information including Risk Appetite, all risks with significant impact, underlying limits and indicators and progress of action plan to manage risks.
• Prepare the annual Enterprise Risk Management activity plan and submit it to RMC for approval. Also, responsible to oversee execution of the activities.
• Provide necessary Risk Management inputs during product development process, critical risk management aspects such as Business Continuity Planning/ Disaster Recovery Planning and before implementation of process changes. 

Education and Experience

• Bachelor’s degree in Business Administration, Finance, Accounting, Insurance or any other related discipline.
• Minimum 5 years’ experience in risk management and/or compliance including (KYC-AML/CFT) at a corporate level.
• Good knowledge of financial and regulatory guidelines and legal requirements and controls (e.g. Anti-Money Laundering).
• Certification in Anti Money Laundering will be considered an asset

Competencies

• Attention to detail and accuracy orientation
• High level of integrity and ethics
• Strong Analytical Skills
• Verbal and Written Communication Proficiency
• Exceptional Organizational Skills
• Initiative
• Minimum intermediate proficiency in Microsoft Office Suite