Credit Risk and Risk Officer at Transkredit Finance Company

Job Summary

• Develop and implement pro-active processes for gathering operational risk loss events data and key risk indicators.
• Generate and promote operational risk awareness throughout the Organisation.
• Analyse operational risks throughout the Organisation.
• Monitor key risk indicators Organisation-wide on a regular basis.
• Develop operational limits to monitor, constrain and avoid operational risk exposures.
• Prepare operational risk management reports as and when due.
• Develop process for collating and analysing loss events data across the Organisation.
• Conduct analysis of loss data to aid informed decision making.
• Analysis, design and development of recovery strategy for critical business functions.
• Identification of potential short-term, medium term and long-term continuity/recovery strategies for critical business processes.
• Design of Service Level Agreement (SLA) for all outsourcing activities; and
• Carry out annual process reviews of all critical business processes of the organisation; and
• Supervise the performance of RCSA by process owners and support functions.

Key Responsibilities
Management of Risk Management Unit:

• Assist the Board of Directors, Board appointed committees and the Managing Director in the execution of their duties and responsibilities regarding overall risk management in the Organization.
• Provide overall leadership and direction based on acceptable standards and principles for the enterprise-risk management function.
• Prepare, monitor, and evaluate the budget allocation and costs incurred by the group on an ongoing basis and develop short and long-term risk management strategic plans in alignment with the Organization’s goals.

Risk Management Charter, Policy and Procedure Development:

• Develop and recommend risk management operating policies and procedures.
• Continuously review the group’s charter, policies and procedures, methodology, frameworks, and tools for relevance and suggest amendments required to them and update on an ongoing basis.
• Obtain approval for revised drafts from the MD/CEO and Board Audit and Risk Committee for approval.

Risk Management Process:

• Assist the Board Audit and Risk Committee in defining the Organization’s risk appetite.
• Develop and implement an enterprise-wide risk management strategy and implement an integrated risk measurement and management framework for all risks facing the Organization.
• Integrate the considerations of risk into strategic decision-making and ensure alignment between business strategies of line management and the Organization’s risk policy.
• Ensure optimal portfolio returns through efficient diversification and risk transfer strategies, in accordance with the Organization’s risk/reward profile.
• Ensure the evaluation the design and operating effectiveness of risk controls within the Organization’s products and processes, with a view to validating and/or effecting changes as may become necessary and assist management to build risk management capabilities to mitigate such risks.
• Promote the establishment a risk awareness culture in the Organization and provide the appropriate opportunities for organizational learning, including lessons learnt from previous problems, ongoing communication, training and development.
• Report regularly to the board and executive management on significant risk issues.
• Propose and incorporate risk performance indicators into the Organization’s performance management and reward structures.
• Represent the Organization at industry wide forum relating to risk and compliance issues.
• Act as the point of contact between the Organization and Regulators with reference to risk management and compliance issues and familiarize the shareholders, regulators and rating agencies with the Organization’s Enterprise Risk Management program.
• Liaise with external auditors and other assurance providers in the Organization as required.

Requirements
Technical Skills:

• Perfect understanding of current risk management methodologies
• Excellent understanding of the link between risk and return
• Excellent ability to balance risk management with the strategic objectives of the organisation.
• Good ability to detect the pause of the organisation risk wide and redefine risk management activities to regulate the business.
• Excellent ability to turn risk management into a strategic tool for enhancing stakeholders’ value. Good knowledge of leading global practices and strategies in risk management.

Soft Skills:

• Excellent relationship management skills especially with third parties
• Good leadership, supervisory and people management skills
• Good analytical and problem solving skills
• Excellent presentation and facilitation skills
• Excellent communication (written and oral), interpersonal and negotiation skills