Job Vacancy For Chief Risk Officer

Job Title: Chief Risk Officer

Reports to: Board Risk Committee through the Managing Director

Client: Banking Institution

Location:  Ghana

Salary: Excellent Package + Salary

Visa Type: Ghanaians (Home and Abroad) & Expatriates

JOB PURPOSE

• Oversee the implementation of the entire Risk policy framework of the Bank
• Key role responsible for the overall management of Credit Risk, Operational risk, Market Risk, Fraud risk and all other risk control units.
• Responsible for the ensuring the robust oversight and effective management of principal risk
• Work within impairment budget and ensure good quality of the portfolio is maintained in accordance with risk appetite.
• Strategically collaborate with business to ensure business strategic objectives are delivered within risk framework.
• Lead and drive direct reports. Also manage succession planning in teams

KNOWLEDGE, SKILLS & EXPERIENCE REQUIRED

• A minimum of masters degree or its equivalent;
• Relevant work experience in a reputable organization;
• Sound knowledge of local banking laws and regulations;
• Fair knowledge of the Basel II Accord;
• Fair knowledge of international best practice guidance methodologies on Anti-money Laundering, Corporate Governance, etc.
• Risk Control Management experience.
• Evidence of experience in quantitative and qualitative data analysis.

KEY RESULT AREAS

Credit Risk

• Having Overall responsibility for the effective development, management and implementation of the Bank’s portfolio strategy
• Managing and ensuring optimality of the Bank’s Credit granting, approval, collection, monitoring and management processes
• Operate within approved lending discretion for Retail and and wholesale business
• Responsible for personal and teams adhearance to regulatory directives of lending controls by conforming to process and procedures
• Ensure value is added in operations teams.
• Achieving Bank-wide portfolio distribution loan quality standards
• Driving the Bank’s Basel II standards and ensure that the Bank maintains an above industry standard on Basel II compliance
• Ensuring that the quality of all Credit Officers remain competitive
• Ensuring the credit process achieves a zero tolerance on the TAT and delinquencies
• Advising the Bank on capital adequacy levels at every given time whilst ensuring that the Bank’s capital adequacy levels remains higher than industry/regulator benchmark
• Standardizing credit practice and culture.

Market Risk

• Ensuring the Bank manages its market risk model, keeping the Bank within the Basel requirements and above the regulator thresh
• Ensuing structures to manage and mitigate market risks are at all times in place
• Effective identification and control of market risk in line with risk appetite

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Operational Risk

• Evaluating, rating and managing the Bank’s overall operations risk environment
• Advising the Board on operational risk issues and strategies for ensuring operational risk achieves a zero tolerance. 
• Ensure improvement and strengthening the fraud control framework by ensuring very strong systems are in place to prevent/ reduce fraud to the barest minimum.

Recoveries and Monitoring

• Pro-actively undertake positive and active management of the Bank’s problem lending portfolio to maximize recovery and capital efficiency.
• Effectively oversee the management of a varied portfolio of debt recovery situations, ensuring that wherever feasible economic debt recovery is maximized to ensure full repayment or to minimize loss for the Bank

People Management

• Coach team members in all aspects of their work and ensure that the team communication is open and ongoing.
• Build the capacity of the team through a robust performance management process, training and talent development
• Training and develop a highly motivated team of sector heads and team leaders.
• Any other duties that may be assigned to you by the Managing Director, the Board or their delegated officers

COMMUNICATIONS AND WORKING RELATIONSHIPS

INTERNAL CONTACTS

• Board Risk Committee
• Managing Director 
• Risk Management and Compliance Departments
• Business Unit Heads
• Business Unit Staff

     EXTERNAL CONTACTS

• The Bank of Ghana (BOG)/ Regulator and government agencies
• External Auditors
• Vendors / suppliers
• Industry forums

Education and Experience

• Bachelor degree
• Risk systems and operational processes
• In-depth knowledge in Market risk methodology and tools
• Regulatory reporting requirements
• General acceptance risk Principle
• Advance PC skills
• Project management
• Interpersonal skills
• Five to ten years banking experience.

information security responsibilities

• Abide with the Bank’s ISMS (Information Security Management Systems) policies and procedures
• Safeguard the Bank’s information assets in accordance with its ISMS policies and procedures