Chief Risk Officer - BFSI

Chief Risk Officer

About Company :

Location : Mumbai

Experience : 10 - 20 Years

Function : Finance & Accounts

Vacancy : 1

Job Description :

JOB DESCRIPTION

Job Title : Chief Risk Officer

Department : Risk Management

Reporting : Dual reporting to the Country Head in Mumbai as well as the Head of Wholesale Credit based in Dubai

Location : Mumbai

 Job Purpose: 

- Manage the overall Risk Management functions of the bank addressing Credit, Market, Operational, wholesale, legal and reputation risks. Devise and implement a risk management structure, compliant with central bank regulations, Mashreq requirements and international best practice. 

Key Result Areas: 

- Credit Risk 

- Quality of assigned loan portfolio, as measured by % of classified outstanding and hence loan loss provisions, Volume of assigned portfolio. 

- Implementation of appropriate risk reporting to the Country Head, Manco and senior management 

- Early detection of warning signals to ensure timely corrective action, and hence minimize loan losses. 

- Develop, document and review deals, structures, credit products/services and provide business solutions which meets business and customer requirements within credit and operational risk guidelines and policies. 

- Be vigilant about changing credit risk environment/profiles of countries/regions in general and customers/relationships in particular by developing, setting up and ensuring ongoing and periodic monitoring and reviews.

 - Developing and spreading a credit culture throughout the Banks RMs. 

- Provide expertise and solutions to RMs and ARMs in developing deal/transaction structure, and advising on handling problem accounts. 

- Review credit policies and procedures on a periodical basis, and recommend changes where appropriate.

- ICAAP ownership along with periodic stress testing 

- Managing and monitoring local regulatory requirements such as Single & Group Borrower norms, Sectoral limits, PSL, Country/Bank limits 

- Developing credit risk model for branch operations and credit rating framework in line with H.O. requirements 

- Working with Business units to arrive at the credit cost and the resultant economic profit and the requirement of economic capital 

- Conduct Risk Management Committee meetings at stipulated periodicity. 

- Monitor various regulatory limits like country risk, bank risk, SBL / GBL norms etc. 

- Lead IFRS 9 calculation for impairment of financial instruments 

- Review and comply with the credit policies and procedures 

- Approve credit within delegated lending authorities based on acceptable underwriting standards 

- Make customer calls as and when needed to assess borrowers 

- Conduct periodic portfolio reviews and portfolio stress testing and identify weak credits and take necessary action as remedy 

Operational Risk :

- Primary responsibility to monitor and measure OR and support identification and control of OR for the group. 

- Define policies regarding management responsibilities, control standards and accountabilities that ensure the stability and surety of all transaction processing. 

- Facilitate branch wide risk assessments and monitors priority risks accordingly. 

- Validation and periodic review of RCSA, administer error logs and align the same for computation of Operational risk Market Risk 

- Establish the Market Risk function for the Bank in line with HO & Local Regulatory requirements (including defining the Middle and Back office functions to the difference from Market Risk), staff and make the roles operational. 

- Establish market risk measurement systems, in line with HO & Local Regulatory requirements 

- Monitor Market Risk - Monitor various limits like AGL, IGL, NOOP, VaR etc.

Liquidity Risk

 - Monitoring as per RBI guidelines: Basel III Framework on Liquidity Standards 

- Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards 

- Strict adherence of ALM guidelines Knowledge, Skills, and Experience: - University Graduate with Masters 

Qualifications. 

- Professional qualification in business / commerce / economics / law. 

- High degree of credit skills (credit, analytical, judgmental) and geographic locations. 

- Excellent written / verbal communication skills. 

- Sound knowledge of local banking law/practice and products/services, especially in the area of international payment, trade finance & treasury. Knowledge of trade finance with reference to documentation and structuring. Knowledge of Corporate Banking with reference to risk monitoring. 

- Expert level quantitative and financial techniques / skills; effective negotiation; and excellent command over verbal and written English. 

- Team player and participation experience in variety of banking initiatives and solutions. - Proven decision making track record under pressing conditions.

Working Days : 5 Days a Week ( to )

Job Nature : Full Time

Divya Verma
9871060909