Head of Risk and Compliance

Position Summary: 

The incumbent is expected to lead and manage a team of risk professionals that is responsible for the development and implementation of risk management, encompassing credit, market, operational and other risks, along with Compliance.

Job responsibilities

Credit, Equity & Market Risk: 

• Conduct due diligence on credit and investment proposals and disbursements, preparing and communicating risk matrices and risk observations to the Investment Committee.
• Review contracts and legal documentations and validate alignment with statutory/regulatory requirements. 
• Monitor and review portfolios/products performance on monthly basis and ensure effectiveness of implemented controls for optimum results.
• Oversee management and maintenance of credit book i.e. concentrations, credit ratings, watchlist and non-performing loans. Examine and ensure liquidity level of the organization is at an acceptable level.
• Ensure alignment of risks with market conditions and other dynamic factors.
• Determine impacts of economic indicators on the organization, compile results and share with Board/relevant Committees to develop visibility on the overall situation.
• Supervise the regular updating and maintenance of the risk register, preparation and communication of risk dashboards and key risk reports for the Board Audit & Risk Committee.
• Oversee the annual stress testing activity and associated reporting to management and Board.

Strategic Operations & Direction: 

• Analyze business objectives/long-term plans and accordingly outline Risk Management Framework, Risk Mitigation Tools and Control Mechanism.
• Set directions for risk management and ensure implementation of credit discipline as per defined regulations, and internal guidelines.
• Oversee performance of strategic investments, verify conformance with investment plans and highlight anomalies (if any). 
• Review potential strategic investment options and conduct comparative analysis of associated risks and profitability margins

Risk Analytics

• Lead development of Risk Analytics and Risk Assessment tools
• Develop and enhance risk methodology for market / interest rate, credit, liquidity and operational risks.
• Administer compliance with IFRS 9 standards and guidelines for financial/credit modeling
• Review quarterly reports and recommend on rectification of anomalies

Policy & Compliance

• Stay abreast with the market dynamics and local/international best practices
• Analyze risk assessment procedures, identify gaps and improvement areas.
• Develop and review the Risk Management Framework, including risk and compliance policies and controls. 
• Facilitate effective implementation of policies, SOPs, mechanisms and related controls for timely and efficient identification of financial risks.
• Ensure that risk appetite statements and risk tolerance limits are defined, documented, and reviewed periodically in alignment with the organization's evolving strategic objectives
• Ensure AML/CFT compliance across the organization.
• Ensure seamless implementation of policy framework in subsidiaries and strategic investments

Educational qualifications and experience required:

• Masters degree or equivalent education with majors in Finance/Economics/Business Administration required.
• Candidates with either Chartered Financial Analyst (CFA), or Financial Risk Manager (FRM) certification will have an added advantage.
• At least 10 years of progressive experience in Risk Management in Financial Services industry is essential. Experience of Private Equity/Investment Banks will be given more weight along with proven experience in developing and implementing institutional risk and compliance policies.