Conduct a daily/weekly/monthly review of the bank's overall risk profile, including operational, financial, strategic, and compliance risks, and advise management on the progress of risk mitigation efforts.
Deliver weekly and monthly risk management reports, including metrics such as Key Risk Indicators (KRIs), risk appetite compliance, and the status of risk mitigation plans.
Develop and prepare an annual enterprise risk assessment and plan using historical data, market trends, and projections.
Monitor and coordinate all risk management activities for all products and business units.
Identify and analyze emerging risks and trends, providing insights and recommendations to management.
Prepare regulatory risk reports on a monthly basis to ensure compliance with prudential guidelines.
Identify and advise on all high-risk areas that require immediate attention or legal proceedings on a regular basis.
Prepare regular risk reports for Senior Management and the Board to aid in strategic decision-making.
Ensure that all operational and risk management policies and procedures are adhered to by all stakeholders.
Develop and implement effective risk reports for all the different products and business units to give insights to management for decision-making.
Using data analytics tools, prepare and analyze data to identify risk patterns, trends, and the overall performance of the risk management framework, and develop action plans to address identified issues.
Develop and execute strategic risk mitigation plans to reduce the bank's overall risk exposure and enhance resilience.
Ensure that all operational and risk procedures and controls are strictly adhered to, including the review of risk registers and monitoring of risk mitigation plans.
Prepare and present detailed dashboards, risk heat maps, and performance analytics to senior leadership, leveraging data insights on the bank's risk profile.
Establish and maintain relationships with external risk management consultants, auditors, and other relevant service providers as needed.
Collaborate with cross-functional teams such as legal, finance, and customer service to resolve complex or escalated risk-related issues.
Requirements
A Bachelor's degree in Finance, Economics, Business Administration, or a related field. A Master's degree or professional certification in risk management (e.g., FRM, PRM) is highly desirable.
A minimum of 5-7 years of experience in enterprise risk management, preferably within the microfinance or banking sector.
Proven experience in developing and implementing ERM frameworks.
Strong knowledge of risk management principles, practices, and regulatory requirements.