Risk Officer-Subsidiaries Risk

Job Description

• Assist and manage the implementation of the Parent’s risk management framework across its Subsidiaries by carrying out necessary processes, tools, and systems in identifying, assessing, measuring, monitoring, and reporting risks.
• Assist in developing processes to identify and analyze both existing and potential risks faced by the various Subsidiaries. This includes coordination with subsidiaries regarding financial reports for monthly consolidation.
• Identify and assess all material risks including new and emerging risks on an entity-specific level with respect to the Parent’s risk management framework.
• To implement a risk reporting framework that will assist senior management in understanding and managing the risk exposures throughout the group.
• Integrate and align risk policies and procedures of the Subsidiaries with the risk appetite of the Parent.
• Assists the subsidiaries with the implementation of compliance with BSP requirements. Cascade new circulars and reportorial requirements for subsidiaries as required by BSP.
• Assist the Subsidiary Bank's Chief Risk Officer in monitoring and reporting Strategic, Financial, Operational, and Technological Risks and in reinforcing the risk management structure and processes.
• Aid the Subsidiary Bank’s Chief Risk Officer in enhancing the design and implementation of the Risk Management structure of the Subsidiaries
• Spearhead the creation of the Subsidiary’s Internal Capital Adequacy Assessment Process (ICAAP)
• Prepare subsidiaries risk reports, and assist the head in presenting to Risk Management Committee, and Corporate Governance Committee
• Develops internal controls and monitoring processes to identify and analyze both existing and potential risks faced by financial and nonfinancial subsidiaries
• Provides knowledge transfer sessions to subsidiaries’ risk officers to share expertise on different kinds of risks
• Liaises with the different units and ensures reporting to internal stakeholders
• Carry out any other duties which fall within the broad spirit, scope and purpose of this job description.

Qualifications

• Knowledge of risk management
• Knowledge and understanding of corporate finance
• Project management skills
• Problem-solving and decision-making abilities
• Analytical skills and eye for detail
• Good writing, communication and presentation skills
• Ability to understand broad business issues
• Ability to cope under pressure and manage priorities in afast-paced environment
• Proficiency in Microsoft Office tools
• Demonstrates a high level of integrity
• Ability to function well individually and as part of a team
• Can confidently interact with Senior Management and Directors

Job Description

• Assist and manage the implementation of the Parent’s risk management framework across its Subsidiaries by carrying out necessary processes, tools, and systems in identifying, assessing, measuring, monitoring, and reporting risks.
• Assist in developing processes to identify and analyze both existing and potential risks faced by the various Subsidiaries. This includes coordination with subsidiaries regarding financial reports for monthly consolidation.
• Identify and assess all material risks including new and emerging risks on an entity-specific level with respect to the Parent’s risk management framework.
• To implement a risk reporting framework that will assist senior management in understanding and managing the risk exposures throughout the group.
• Integrate and align risk policies and procedures of the Subsidiaries with the risk appetite of the Parent.
• Assists the subsidiaries with the implementation of compliance with BSP requirements. Cascade new circulars and reportorial requirements for subsidiaries as required by BSP.
• Assist the Subsidiary Bank's Chief Risk Officer in monitoring and reporting Strategic, Financial, Operational, and Technological Risks and in reinforcing the risk management structure and processes.
• Aid the Subsidiary Bank’s Chief Risk Officer in enhancing the design and implementation of the Risk Management structure of the Subsidiaries
• Spearhead the creation of the Subsidiary’s Internal Capital Adequacy Assessment Process (ICAAP)
• Prepare subsidiaries risk reports, and assist the head in presenting to Risk Management Committee, and Corporate Governance Committee
• Develops internal controls and monitoring processes to identify and analyze both existing and potential risks faced by financial and nonfinancial subsidiaries
• Provides knowledge transfer sessions to subsidiaries’ risk officers to share expertise on different kinds of risks
• Liaises with the different units and ensures reporting to internal stakeholders
• Carry out any other duties which fall within the broad spirit, scope and purpose of this job description.

Qualifications

• Knowledge of risk management
• Knowledge and understanding of corporate finance
• Project management skills
• Problem-solving and decision-making abilities
• Analytical skills and eye for detail
• Good writing, communication and presentation skills
• Ability to understand broad business issues
• Ability to cope under pressure and manage priorities in afast-paced environment
• Proficiency in Microsoft Office tools
• Demonstrates a high level of integrity
• Ability to function well individually and as part of a team
• Can confidently interact with Senior Management and Directors