Risk Management Officer

في Expertise Recruitment في Kuwait
نُشرت يوم January 8, 2024

تفاصيل الوظيفة

  • Review and assess risk management policies and procedures; makes recommendations and implements modifications and improvements.
  • Perform the on-going monitoring and assessments of risks to enable the identification of top risks, potential new risks or emerging risks.
  • Provide second line oversight to ensure the organization’s risk appetite, control framework and policies are clearly documented, communicated and adhered to.
  • Monitor and assess operational risk exposures, events, business and IT incidents to ensure such cases are appropriately escalated.
  • Support the business in development and implementation of appropriate risk controls to mitigate such incidents.
  • Conduct regular risk and control self-assessment (RCSA) of different departments and units.
  • Create and maintain appropriate key risk indicators (KRIs) and trigger limits to track the trends in risk exposures.
  • Lead and conduct risk assessments, reviews or investigations of topics that may arise from time to time.
  • Recommend and implement risk management solutions such as Business Continuity Plan, Funding Contingency Plan or recovery measures.
  • Conduct thorough analysis of financial statements and assessment of credit requests, including new requests, changed requests, refinancing and annual due diligence.
  • Provide recommendations tied to analysis and assessment of credit risk.
  • Present analysis, findings, and recommendations, especially findings that involve a borrower’s ability to repay.
  • Monitor market risk and liquidity risk limits for potential breaches or irregular activities
  • Monitor compliance to market risk and liquidity risk management requirements and limits
  • Identify and report the organization’s current and potential market and liquidity risks which may exceed the organization’s risk appetite.
  • Conduct scenario analysis and stress testing.
  • Ensure appropriate and insightful risk reporting including reporting to the Audit & Risk Committee.
  • Draft and present risk reports and proposals to executive leadership and senior staff.
  • Lead, contribute and/or deliver risk training and awareness initiatives as may be required.
  • Perform other duties as directed.
Requirements
  • Bachelor’s degree in Finance, Economics, Accounting or related field required.
  • 5-8 years of proven experience in Risk Management, mainly in Credit Risk.
  • Proven experience in the Risk Management department of a bank or financial institution is a must.
  • Proficiency in Risk Control Self-Assessment (RCSA).
  • Certifications in Risk Management would be a plus.
  • Thorough understanding of policies and best practices of risk management.
  • Excellent verbal and written communication skills.
  • Excellent mathematical and critical thinking skills.
  • Excellent analytical and problem-solving skills.
  • Excellent organizational skills and attention to detail.
  • Proficient with Microsoft Office.
  • Fluent in Arabic and English. French is a plus.
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