Chief Risk Officer at Sovereign Finance Limited

• Progressive Improvement in the organization’s risk management/control systems
• Reduction in fraud related activities throughout the organization
• Proactive risk identification in business processes and technology
• 4. Review and design/building of controls in fraud impacting systems and business processes across SFL.
• 6. Quality of control recommendations/improvements.

Key Competencies:

• Broad understanding of all key areas of the Finance industry and associated potential risks.
• Detailed knowledge across Liability and Risk Assets Products
• In-depth understanding and knowledge of risk categories risk practitioners and trends in risk management
•  Knowledge of, and ability to conduct risk control assessment and prepare comprehensive risk management plans for the organization.
• Ability to understand and interpret financial information and risk principles.
• Excellent presentation, facilitation, communication and inter-personal skills.

Key Responsibilities:

• Improve the effectiveness of risk management in SFL.
• Assist management with integrating risk management with the strategy development process.
• Define SFL's risk management strategy, enterprise risk management framework and establish guidelines for the development and implementation of supporting policies and procedures.
• Establish, communicate and facilitate the use of appropriate risk methodologies, tools and techniques.
• Champion the design and development of control frameworks for SFL's processes and systems as a key enabler to achieving the business objectives of the organization.
•  Work with business departments to establish, maintain and continuously improve risk managements capabilities and improve oversight regarding the major risk categories (Credit risk, Liquidity risk and Operational Risk) with consideration for regulatory and internal controls.
• Review and monitor new products to ensure effective controls are in place.
•  Oversee the standardization of control processes and practices as well as the application of relevant control tools and techniques within the bank.
• Provide an independent view regarding proposed business plans and transactions.
• Develop risk management capabilities within the organization.

Qualification:

• Bachelor’s degree in Accounting, ACA Qualified
• A Post graduate degree in Management or Professional qualification is an added advantage
• Minimum of 15 years work experience in Finance Industry with 5 years in a similar role