Posted By
Posted in
Banking & Finance
Job Code
1449928
Head Risk
Job Summary :
- The Chief Risk Officer (CRO) is responsible for the development and implementation of a comprehensive risk management framework.
- This role involves identifying, assessing, and mitigating risks across the organization to protect its assets and ensure regulatory compliance.
- The CRO will work closely with the executive team and the board of directors to integrate risk management strategies with organizational objectives and foster a risk-aware culture.
Key Responsibilities :
Risk Management Framework :
- Develop and maintain an enterprise-wide risk management framework that identifies and evaluates risks, and implements mitigation strategies.
- Establish risk policies and procedures to guide risk management activities.
Risk Identification and Assessment :
- Identify potential risks that could impact the organization's operations, including financial, operational, strategic, compliance, and reputational risks.
- Conduct regular risk assessments and develop action plans to mitigate identified risks.
Risk Monitoring and Reporting :
- Monitor the organization's risk environment and track risk exposure levels.
- Prepare and present risk reports to the executive team and the board of directors, including risk assessments and mitigation progress.
Regulatory Compliance :
- Ensure the organization complies with relevant laws, regulations, and industry standards.
- Oversee the implementation of compliance programs and internal controls to mitigate regulatory risks.
Crisis Management :
- Develop and implement crisis management plans to respond to potential disruptions and emergencies.
- Lead the organization's response to major risk events and incidents.
Internal Controls and Audit :
- Collaborate with internal audit to ensure effective risk-based auditing processes.
- Implement internal controls to prevent and detect fraud, errors, and other risks.
Policy Development :
- Develop and update risk management policies, including risk appetite and tolerance guidelines.
- Ensure risk policies are communicated and enforced throughout the organization.
Stakeholder Collaboration :
- Work closely with business units to integrate risk management into strategic and operational planning.
- Build relationships with external stakeholders, including regulators, auditors, and risk management professionals.
Qualifications :
Education :
- Bachelor's degree in Risk Management, Finance, Business Administration, or related field.
- Master's degree or advanced certifications (e.g., CRM, CFA, FRM) are preferred.
Experience :
- Minimum of 10-15 years of experience in risk management, compliance, or a related field, with at least 5 years in a senior leadership role.
- Proven track record in developing and implementing risk management frameworks in a complex, multi-national organization.
Skills and Competencies :
- Deep understanding of risk management principles and practices.
- Strong knowledge of regulatory requirements and compliance standards.
- Excellent analytical and problem-solving skills, with the ability to assess complex risk scenarios.
- Exceptional leadership and communication skills, capable of influencing and engaging stakeholders at all levels.
- Experience with risk management software and tools.
Key Attributes :
- Strategic thinker with the ability to integrate risk management into broader business strategies.
- Proactive and results-driven, with a commitment to fostering a risk-aware culture.
- Strong ethical standards and integrity, with a focus on transparency and accountability.
- Ability to work in a fast-paced, dynamic environment and manage multiple priorities effectively.
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Posted By
Posted in
Banking & Finance
Job Code
1449928
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