Risk Lead

Overall responsible for risk identification and assessment, risk mitigation and control monitoring, incident management, risk reporting, and promoting risk culture and awareness within the department they manage.

Roles and Responsibilities:

• Proactively identify, assess, and document operational and business risks arising in lending processes (Front-end, operations, credit and commercials, technology, and other support teams).
• Facilitate periodic Risk and Control Self-Assessments (RCSA) within the function, ensuring that key risks and controls are up to date.
• Monitor emerging risks such as fraud, technology failures, risks from new product launch, and process lapses in business loan operations.
• Support implementation of risk mitigation plans in coordination with functional managers.
• Conduct control testing and report on the effectiveness of key controls
• Recommend process improvements to reduce recurring risk events or losses.
• Act as the first point of contact for reporting operational incidents and near misses within the function.
• Ensure timely root cause analysis (RCA) and follow-up on corrective and preventive actions
• Coordinate with Risk and Compliance teams for reporting significant risk events to senior management.
• Prepare and present periodic risk dashboards, Key Risk Indicators (KRIs), and control performance summaries to the Risk Management team.
• Participate in business risk committees or forums, representing the functions risk profile.
• Support internal and external audit processes and ensure closure of audit observations.
• Promote risk awareness among business and operational teams through training and communication.
• Encourage a culture of early risk reporting and transparent communication.