Chief Risk Officer - BRAC

BRAC is an international development organization with the vision of a world free from all forms of exploitation and discrimination where everyone has the opportunity to realize their potential. BRAC uses an integrated model to change systems of inequity through social development programmes, humanitarian response, social enterprises, and socially responsible investments.

BRAC is known for its holistic, data-driven and community-based programming and is a global leader in developing cost-effective, evidence-based programmes in conflict-prone and post-disaster settings and has been ranked the #1 NGO in the world for the last five consecutive years by NGO Advisor.

BRAC International Holdings B.V. (BIHBV) is a socially responsible for-profit organization, engaging people in sustainable economic and income-generating activities. The core focus of BIHBV is to provide microfinance services outside Bangladesh to people who are financially constrained and marginalized, and people who do not have access to the financing facilities offered by commercial banks and other non-bank financial institutions.

It does this through its international microfinance activities. BRAC International Microfinance’s mission is to provide a range of financial services responsibly to people at the bottom of the pyramid. BI MF particularly focuses on women living in poverty in rural and hard to reach areas to create self-employment opportunities, build financial resilience, and harness women’s entrepreneurial spirit by empowering them economically.

BRAC International Microfinance is seeking applications from competent, dynamic and self-motivated individuals to fill the following position:

Chief Risk Officer

The key responsibilities include but are not limited to the following-

• Advise the Board and Management team on controlling and measurements of risks.
• Responsible for the development and implementation of the institution-wide risk management framework.
• Develop and implement best risk management practices.
• Oversee and direct the enterprise-wide management of risk exposures.
• Formulate policies and measurement models for the various units involved in carrying out the significant activities that create exposures in the various activity segments in the institution.
• Make recommendations to the Boards and Senior Management on the type and level of exposures in each activity segment permitted by policy.
• Advise and recommend to the Boards and Management team on all matters relating to risk exposure management.
• Regulate, monitor and review control procedures and report on matters relating to exposures
• Manage and report deviations from set limits and exceptions to policy to the Board and Management team for their appropriate actions.
• Perform monthly stress-tests on risk portfolios and at least on a quarterly basis, review and approve the appropriateness of the controls applied at the business levels.
• In addition to the monthly stress tests, perform semi-annual reverse stress-testing to examine the impact of selected scenarios from a ‘bottom- up’ perspective.
• Incorporate the results of the stress-tests (which will inform management of the expected risk tendency of the portfolio against the approved risk appetite of the institution) into the risk governance structure of the institution
• Be empowered, where appropriate, to initiate management action to contain the potential risk levels within the approved risk appetite to ensure discipline in the risk management process of the institution

Safeguarding Responsibilities:

• Ensure the safety of team members from any harm, abuse, neglect, harassment and exploitation to achieve the programme’s goals on safeguarding implementation. Act as a key source of support, guidance and expertise on safeguarding for establishing a safe working environment.
• Practice, promote and endorse the issues of safeguarding policy among team members and ensure the implementation of safeguarding standards in every course of action.
• Follow the safeguarding reporting procedure in case any reportable incident takes place, encourage others to do so.

Educational Requirements:

• A bachelor’s degree with a concentration in Finance, Risk Management, Economics, Banking, Business administration, Accounting or Law.

Skills and Competencies Requirements:

• Analytical and soft skills
• Strong communication skills
• Risk management skills
• Audit skills
• People management skills
• Excellent interpersonal skills
• Excellent written and verbal communication skills
• Organization and planning skills
• Proactive and independent
• Report writing skills

Experience Requirements:

• At least 5 years of experience in a similar role is required.