Chief Risk Officer - Cash Management Firm

Key Responsibilities :

Looking for candidates from cash management company or similar area.

- Partner with the business leadership team to ensure that risks are identified and considered in the development of the strategic vision, and proactively manage to balance both the risk and rewards of the business.

- Facilitate the organization's definition of risk appetite and tolerance, coordinate risk assessments, identify the operational and strategic risks, provide visibility to the Risk Committee, facilitate the prioritization of risks and identification of risk owners, and develop and communicate risk reports to management.

- Plan, develop, implement and review a wide range of activities to reduce operational risk and improve organisational performance.

- Evaluate the effectiveness of operational risk management arrangements to ensure that legal obligations are met and continuous improvement in organisational performance is promoted.

- Provide support and guidance to a range of staff on operational matters, and ensure that robust, user-friendly management information is provided to facilitate informed decisions regarding organisational performance.

Risk Identification, Assessment and Evaluation :

- Collect information and review documentation to ensure that risk scenarios are identified and evaluated.

- Identify legal, regulatory and contractual requirements and organizational policies and standards related to cash movement to determine their potential impact on the business objectives.

- Identify potential threats and vulnerabilities for business processes, associated exposure and supporting capabilities to assist in the evaluation of enterprise risk.

- Create and maintain a risk register to ensure that all identified risk factors are accounted for.

- Assemble risk scenarios to estimate the likelihood and impact of significant events to the organization.

- Analyze risk scenarios to determine their impact on business objectives.

- Develop a risk awareness program and conduct training to ensure that stakeholders understand risk and contribute to the risk management process and to promote a risk-aware culture.

- Correlate identified risk scenarios to relevant business processes to assist in identifying risk ownership.

- Validate risk appetite and tolerance with senior leadership and key stakeholders to ensure alignment

Risk Response :

- Identify and evaluate risk response options and provide management with information to enable risk response decisions.

- Review risk responses with the relevant stakeholders for validation of efficiency, effectiveness and economy.

- Apply risk criteria to assist in the development of the risk profile for management approval.

- Assist in the development of risk response action plans to address risk factors identified in the organizational risk profile.

- Identify protection goals, objectives and metrics consistent with corporate strategic plan.

- Collect and validate data that measure key risk indicators (KRIs) to monitor and communicate their status to relevant stakeholders.

Risk Monitoring :

- Monitor and communicate key risk indicators (KRIs) and management activities to assist relevant stakeholders in their decision-making process.

- Facilitate independent risk assessments and risk management process reviews to ensure they are performed efficiently and effectively.

- Identify and report on risk, including compliance, to initiate corrective action and meet business and regulatory requirements.

- Information Systems Control Design and Implementation

- Design and implement information systems controls in alignment with the organization's risk appetite and tolerance levels to support business objectives.

- Interview process owners and review process design documentation to gain an understanding of the business process objectives.

- Analyze and document business process objectives and design to identify required information systems controls.

- Design information systems controls in consultation with process owners to ensure alignment with business needs and objectives.

- Facilitate the identification of resources (e.g. people, infrastructure, information, architecture) required to implement and operate information systems controls at an optimal level.

- Monitor the information systems control design and implementation process to ensure that it is implemented effectively and within time, budget and scope.

- Provide progress reports on the implementation of information systems controls to inform stakeholders and to ensure that deviations are promptly addressed.

- Test information systems controls to verify effectiveness and efficiency prior to implementation.

- Implement information systems controls to mitigate risk.

- Facilitate the identification of metrics and key performance indicators (KPIs) to enable the measurement of information systems control performance in meeting business objectives.

- Assess and recommend tools to automate information systems control processes.

- Provide documentation and training to ensure information systems controls are effectively performed.

- Ensure all controls are assigned control owners to establish accountability.

- Audits and Reviews Preparation and Facilitation

- Serve as liaison to auditors, consultants, bank and compliance committee regarding documentation and review of information compliance.

- Communicate audit and review results to appropriate parties; ensure that issues are addressed and corrective actions are implemented.

- Keep a tracking action list of all audit issues.

Security :

- Manage the development and implementation of security policy, standards, guidelines and procedures to ensure ongoing maintenance of security. Physical protection responsibilities will include asset protection, workplace violence prevention, access control systems, surveillance, and more.

- Work with other executives to prioritize security initiatives and spending based on appropriate risk management and/or financial methodology.

- Maintain relationships with local, state and central law enforcement and other related government agencies.

- Oversee incident response planning as well as the investigation of security breaches, and assist with disciplinary and legal matters associated with such breaches as necessary

- Work with outside consultants as appropriate for independent audits and investigations.

- Formulates security objectives, control standards and procedures.

- Evaluate and implement the application of security strategy.

- Investigate and report all loss incidents to the Management

Personality/ Attributes/ Traits :

- Strong holistic view of managing risk

- Strength of character

- Interpersonal Skills

- Proactive

- Diligent

- Excellent communication skills

- Ability to deal with human intensive large scale operations

- Ability to deal with unionized work force

- Confident

- Articulate

- Deal with senior level officials and bureaucrats

Essential Skills :

- Risk Assessment

- Regulatory Awareness

- Quantitative and Qualitative skills

- Analytical skills

- Critical thinking and problem solving skills

- Planning and organizing

- Conflict management