Chief Risk Officer at Deloitte

Description

On behalf of our client in the financial services sector, we are recruiting for the role of Chief Risk Officer. The successful candidate will oversee the Enterprise-wide Risk Management (ERM) strategy and framework that effectively translates the risk appetite framework into informed decision-making practices, supporting the organisation's business and strategic objectives as well as providing oversight on the internal control activities of the organisation.

KEY RESPONSIBILITES

• Articulate the Enterprise-wide Risk Management (ERM) strategy and framework.
• Update risk management products including credit risk rating models, enhancement of current processes as applicable and update of internal policies and procedures.
• Perform stress testing of the organisation's credit, market and liquidity positions quarterly for the Group's management and the Board.
• Provide periodic reports to the group's stakeholders including the Board and the Board Risk Committee (BRC).
• Provide required reports to regulators and external stakeholders such as CBN, NDIC, NSE and SEC.
• Ensure timely submission of all regulatory returns and ensure seamless relationship with regulators.
• Prepare the Internal Capital Adequacy Assessment Process (ICAAP) document on an annual basis for the CBN in line with the CBN guidelines.
• Review transactions in the group to ensure that transactions are executed in line with the group's policies.
• CBN/NDIC joint risk assets assessment examination and respond to the supervisory reports with corrective action plans.
• Perform environmental scanning on information relating to the Group's assets, directors, etc. and communicate to stakeholders.
• Ensure that the Business Continuity and Disaster Recovery Plans are documented and tested.
• Ensure timely and up-to-date renewals of the risk management policies.
• Make presentations to the Board and Board Committees of the group and the subsidiaries on risks and risk mitigants.
• Supervise the implementation of Risk and Control Self-Assessment (RCSA) workshops. Ensure the sessions are held annually and monthly Risk Champion meetings are conducted.

Requirements

• A Bachelor's degree or Master’s degree in Business, or related field. MBA or advance degree preferred.
• Minimum of 10 years’ experience in related areas within, of which 7 must have been in banking/financial services sector and 5 must have been at a senior management level.
• Experience in banking operations and specialization in credit operations and/or market risk.
• Exposure to regulatory interactions and in-depth knowledge of regulatory compliance requirements.
• Knowledge of risk management and financial standards (domestic and international).
• Excellent communication and presentation skills to convey complex ideas clearly and persuasively.
• Intellectual curiosity and analytical approach to work.
• Ability to influence a culture of risk awareness in the organisation.
• Other requirements are excellent negotiation skills, strategic thinking, stakeholder management etc.