Posted By
Posted in
Banking & Finance
Job Code
590947
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
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Posted By
Posted in
Banking & Finance
Job Code
590947