Chief Risk Officer - Bank

Our client is a Bank with HQ in South India. Only Banking industry candidates need to apply.

Job Summary:

- Act as one of the nodal points of contact between the Bank and the regulators, but primarily the Reserve Bank of India

- Oversee development, dissemination, updating and drive implementation of comprehensive risk management framework to include Credit Risk, Operational Risk, T Risk, Information Risk & Cyber Security and Market Risk and devise strategy for implementation of the risk framework in the organization

- Introduction of an Enterprise Risk Framework within the Bank.

- Have a complete oversight over all kinds of risks in the bank and provide the Board with early triggers and the required assurance, backed by data, that risk management practices in the Bank are adequate and commensurate with the risks attendant to business and that the Bank is equipped to meet the challenges in an evolving situation.

Primary Responsibilities:

Risk:

Business:

- Develop a comprehensive risk management framework for assessing, identifying, monitoring and reducing pertinent business risks that could interfere with the Bank's objectives and goals

- Implement the risk management (Credit, Operational, IT, Cyber, Market & Liquidity risks) frameworks and policies for the Bank

- Drive the communication of all risk related policies, guidelines, latest developments across the Bank to facilitate compliance to these documents

- Assess and quantify impact of risks across every vertical (business and functional units) and drive the closure of all open points to ensure that risk in the Bank is mitigated

- Assess the risk of all new products introduced by the Bank, fixing of limits and amendments in the relevant policies

- Provide strategic guidance to the frontline from a risk perspective to ensure a consistent approach towards risk management and to enable them to develop appropriate divisional/departmental policies and procedures. Provide oversight and direction for the development and implementation of a RCSA Framework within the bank.

- Oversee design, development and implementation of risk rating systems and processes for retail and non-retail portfolios in conjunction with the business units

- Direct the risk assessment as per the Risk Appetite and risk limits set by the Board and report key areas of non-compliance to the Board and top management for corrective action as appropriate

- Regular review of overall credit portfolio to assess risk quality and recommend risk mitigation measures, if warranted

- Review the management of market and liquidity risks and provide inputs to asset liability management committee and recommend suitable risk management measures as required

- Review the overall Operational Risk Management framework and processes of the Bank and provide input to the Board and the Management on all aspects relating to Operational Risk, including risks in vendor outsourcing, BCP and analysis of operational loss, if any, booked by the Bank.

- Oversee the implementation of IND AS standards in terms of assessment of Expected Credit Loss (ECL) in the Bank's credit and investment portfolio, develop the required policy and oversee the development of a model for computation and assessment of the impact of macro-economic factors on these variables

- Oversee and review the preparation of ICAAP document for the Bank on an annual basis and the Pillar 3 disclosures at quarterly intervals.

- Keep abreast with developments in the market, guidelines as issued by Reserve Bank of India from time to time and the Basel Committee recommendation and implement the best practices emanating from these guidelines pertaining to risk management practices in banks.

- Evaluate and provide input on system changes and developments in relation to Bank's products and processes.

- Oversee the implementation of Internal Financial Control (IFC) for Bank's operating processes and IT applications as part of annual audit of the Bank.