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GulfBankers Executive Search

Risk Manager

Location: Bahrain
Posted On: 2 months, 6 hours ago

Job Specification

  1. Number of Vacancies: 1
  2. Expiry Date: 2019-05-28
  3. Job Type: Full Time
  1. Experience: 6 to 12 years
  2. Functional Area:
  3. Job Code: JB104470

Job Description

    • This is a high stake role where the incumbent works with the Chief Executive Officer to ensure that all types of risks of the Company are well articulated and addressed through various mechanisms including but not limited to policies, procedures, internal guidelines, and reportings. 
    • To develop an operational risk appetite, operational risk limit, operational risk ratios for all the departments.
    • To develop key risk indicators for every department and ensure that departments’ heads and employees are conscious of these risks in terms of consequences and methods of mitigations. 
    • Participate in the reviews of the company’s policies, procedures and business processes. 
    • Reviews contracts and advise the Chief Executive Officer on the potential impact and risk mitigations tools for such contracts. 
    • Participate in any product development and help the departments address the potential risks of such products. 
    • Reviews all operational processes to identify key risks and assures proper treatment of such risks.
    • To report the liquidity status, liquidity risk limits and ratios to the Board Audit Committee and ensure that the Liquidity Risk Management Policy are updated as per the Bank guidelines. 
    • Conduct regular reviews on a sample basis to ensure that newly sanctioned loans are within the credit risk appetite approved by the Board, and that applications, documentations and loans are within the Credit Risk Module of the .   
    • Report to the Chief Executive Officer and the Board Audit Committee severe cases of non-compliance with the credit policies. 
    • Participate in the annual review of the Company’s products pricing terms and conditions.   
    • Work with the Chief Executive Officer to develop portfolio risk appetite including portfolio risk limits and ratios and products risk limits and ratios.  
    • Develop reporting tools that ensure the detection of early warning signals for any breach of risk limits at both portfolio and product level.  
    • Review the Company’s hedging strategies and conduct stress testing scenarios on interest rates. 
    Qualifications:
    • A minimum of Master Degree in Banking/Accounting plus 3 years of experience in a similar field or a Master Degree in any related field. 
    • 6-12 years of work experience. 
    • With higher education degree, less number of years of experience is accepted. Simultaneously, lower education degree with extensive experience may be considered.
    • ICA, ACAMS and GARP/PRMIA Certificates and Licenses.