Risk Manager at Winock Solar Limited

Job Description

• The Risk Manager is responsible for identifying, assessing, and mitigating risks within Winock Lending.
• This role involves developing and implementing risk management policies, conducting risk assessments, and ensuring compliance with regulatory requirements.
• The Risk Manager will work closely with senior management to safeguard the institution's assets and ensure its long-term stability and profitability.

Responsibilities
Risk Identification and Assessment:

• Identify potential risks (financial, operational, credit, market, legal, and compliance) that could impact the institution.
• Conduct regular risk assessments and analyze the institution’s risk exposure.
• Develop and maintain a risk register to document identified risks and their mitigation measures.

Risk Mitigation and Management:

• Develop and implement risk management strategies, policies, and procedures.
• Monitor and manage the institution’s risk profile, ensuring it remains within approved risk appetite and tolerance levels.
• Recommend risk mitigation measures and control enhancements to senior management.

Compliance and Regulatory Adherence:

• Ensure compliance with relevant laws, regulations, and industry standards.
• Stay updated on changes in regulatory requirements and ensure the institution’s policies and procedures are compliant.
• Coordinate with regulatory bodies and participate in regulatory audits and inspections.

Credit Risk Management:

• Oversee the credit risk management process, including credit risk assessment, loan approval, and portfolio monitoring.
• Implement credit risk models and scoring systems to evaluate and mitigate credit risk.
• Monitor the performance of the loan portfolio and recommend corrective actions as needed.

Operational Risk Management:

• Identify and assess operational risks within the institution’s processes and systems.
• Develop and implement controls to mitigate operational risks and improve process efficiency.
• Conduct regular operational risk assessments and audits.

Reporting and Documentation:

• Prepare and present risk management reports to senior management and the board of directors.
• Maintain comprehensive documentation of risk management activities, policies, and procedures.
• Ensure accurate and timely reporting of risk-related information.

Training and Awareness:

• Provide training and support to staff on risk management policies and procedures.
• Foster a risk-aware culture within the institution by promoting risk management best practices.
• Conduct risk awareness programs and workshops for employees.

Crisis Management and Business Continuity:

• Develop and maintain the institution’s crisis management and business continuity plans.
• Coordinate crisis response activities and ensure effective communication during crises.
• Conduct regular tests and drills to ensure readiness for potential disruptions.

Qualifications

Education:

• Bachelor’s Degree in Finance, Accounting, Business Administration, or a related field.
• Professional certifications such as Certified Risk Manager (CRM), Financial Risk Manager (FRM), or similar are preferred.

Experience:

• Minimum of [5] years of experience in risk management, preferably in the financial services or microfinance sector.
• Experience in credit risk assessment, operational risk management, and regulatory compliance.

Skills and Competencies:

• Strong analytical and problem-solving skills.
• Excellent understanding of risk management principles and practices.
• Knowledge of regulatory requirements and industry standards.
• Strong communication and interpersonal skills.
• Ability to work independently and as part of a team.
• Proficiency in risk management software and Microsoft Office Suite.