Risk Officer - BRAC Ghana Savings & Loans

BRAC Ghana Savings and Loans Ltd (BGSL), is a socially responsible for-profit organization, that engaging people, especially women in sustainable economic and income-generating activities in Ghana. Our mission is to provide a range of financial services responsibly to people at the bottom of the pyramid. BGSL is part of BRAC International Holdings B.V (BIHBV) which operates in seven countries across Africa and Asia.

Job Description

• ?Job Title: Risk Officer 
• Duty Station: Accra

PURPOSE

The purpose of this role is to support the Chief Risk Officer to ensure that all Risks are identified, properly assessed and measured, and adequate plans and measures are put in place to reduce the risks to an acceptable level.

MAJOR RESPONSIBILITIES:

• Carrying out market risk analysis and investment mix updates through analysis of inflation trends, market developments and investment analysis for alignment of BGSL’s activities to sound practices and relevant frameworks.
• Computation and analysis of the different credit risk parameters resulting in the preparation of a Management Risk Committee report for decision-making.
• Collection of the monthly Risk and control self-assessments, suspicious transactions and Incident reports and other data to aid in the preparation of the monthly Risk reports.

• Participate in the preparation of the risk reports to the Management Risk Committee including; the Risk and Control Self-Assessment report, Key Risk Indicator analysis, CAMELs framework and the quarterly Operational incident report.
• Preparation of the weekly Risk dashboard for Management for proactive monitoring of the institution’s initiatives as per developments in the operating and macro-economic environment.
• Maintaining a standard tracking tool for key residual risks from Risk, Compliance and Audit for continuous monitoring and undertaking routine vulnerability analyses and reviews for all risk incidents in a bid to enhance process control activities.
• Preparation of risk review feedback for branches/ service points and departments for monitoring, implementation and follow ups with respective risk owners.
• Monitoring of market developments for assessment of market risk, interest rate risk, foreign exchange risk and country risk for preparation of BGSL’s risk profile.
• Computation of branch deposit concentration and preparation of the Deposit Analysis report for continuous tracking of BGSL’s deposit structure.
• Undertaking independent reviews and spot checks in branches & head-office departments to assess the effectiveness of policies and procedures and identification of vulnerability points and gaps for improvement of process flows.
• Reviewing and updating project risk tools, registers for identifying uncertainties, analysis, and prioritization Risks as well as Project Process flow mapping and Risk assessment for continuous improvements and monitoring.
• Undertaking Business impact assessment and Risk Assessment of the different business areas for business seamless disruptions upon a disruption/ disaster event
• Participating in the Enterprise risk assessment for better internal controls for business units, incident management and minimal business surprises.
• Proactively initiate review of organizational policies and procedure, in line with the changing BGSL’s risk profile.
• Updating risk register using internal loss database, external loss database and new market development register.
• Any other duties as assigned by the Chief Risk Officer

Required Skills or Experience

EXPERIENCE (Including sector/industry):

• A minimum of 3 years relevant work experience preferably from Risk, Internal Audit, Compliance, Operations and Credit functions.
• Chartered Institute of Bankers Qualification is an added advantage.
• Good understanding of risk disciplines and regulatory universe.

KNOWLEDGE, SKILLS & COMPETENCIES:

• Possess wide knowledge of banking operations; credit and market risk
• Demonstrated Leadership Skills and team player
• Strong analytical and problem-solving skills
• Practical creativity and innovative thinking
• Project Management skills
• High level of Integrity and ethical standards
• Enthusiastic, confident and able to work independently.
• A Results-oriented individual is able to meet deadlines.
• Ability to create rapport with risk owners and other stakeholders for risk information and data collection

SPECIFIC EDUCATIONAL/PROFESSIONAL QUALIFICATION:

• Degree Concentration / Major
• Professional Certification will be an added advantage in Statistics, Banking or Business Administration