Executive recruitment company Monroe Consulting Group's Professional Division is partnering with a leading financial institution that is making its mark in the investment realm. Our esteemed client is seeking an experienced professional to be their Head of Risk Management.
Position Objective:
To lead, design, and implement a comprehensive risk management framework, ensuring the identification, assessment, and mitigation of operational and enterprise risks across the organization. The role extends to managing investment risks, product risks, and anti-bribery/corruption risks, while fostering a proactive risk culture through awareness campaigns and targeted training initiatives.
Job Responsibilities:
- Lead a team of risk management personnel in -
- ensuring a process is in place where all departments (Risk Owners) identify and document inherent risks, record internal controls and risk mitigation measures and the resulting residual risks.
- assessing and reviewing risk exposures identified by Risk Owners and the controls adopted.
- ensuring adequate steps are taken to mitigate and manage risks identified, through a structured ongoing process.
- monitoring risks mitigation and controls to reduce risks, and to update risk register regularly.
- maintaining a risk management database containing relevant static data, results of risk management reviews, records of risk management committees etc.
- preparing monthly risk management report, documenting and reporting of risk management events for action and escalation.
- Develop, maintain and enhance (where necessary) an effective risk management framework for the Company.
- Monitor and identify risk threats across the business, from all significant activities and identify controls to manage the risks, including generic and specific risks.
- Monitor risk threats and advise Senior Management and Business Units on risk mitigation.
- Regular cooperation with other "control" functions such as Compliance and Internal Audit to share matters of common interest.
- Act as a Secretariat for Crisis Management Team (CMT) and Business Continuity Management.
- Act as an Integrity Officer in managing Anti-Bribery / Anti-Corruption risk framework.
- Develop risk awareness, including training and assessments, for Company employees.
Job Requirements:
- Bachelor's degree and/or professional qualification in a relevant discipline
- 8 - 10 years or more of experience in risk management at an established financial institution, with at least 3 years in a management role
- Good leadership, supervisory and coaching skills
- Excellent interpersonal and communication skill.
- Strong cultural sensitivity to manage relationships with people from diverse cultures.
