Chief Risk Officer at HASAL MfB

 About the job
The CRO will:

• Provide the overall leadership, vision, and direction for risk management
• Establish an integrated risk management framework for all aspects of risks across the bank;
• Develop risk management policies, including the quantification of the Bank’s risk appetite through specific risk limits
• Implement a set of risk metrics and reports, including losses and incidents, key risk exposures, and early warning indicators
• Allocate capital to exposures based on risk, and optimize the bank’s risk portfolio through business activities and risk transfer strategies
• Improve the bank’s risk management readiness through communication and training programs, performance measurement and incentives, and other change management programs
• Develop the analytical, systems and data management capabilities to support the risk management program.
• Position in the Organization Structure
• The Chief Risk Officer (CRO) holds the primary senior management position for identifying, assessing, measuring, monitoring, mitigating and managing all types of risk arising from the internal and external business environment at a bank-wide level. As per the Basel Corporate Governance guidelines, banks, depending on their risk profile and local governance requirements, should have an independent senior executive with distinct responsibility for the risk management function and the institution’s comprehensive risk management framework across the entire organization.

The CRO’s key responsibilities will be:

• As Head of bank-wide risk management, the CRO will be responsible for the overall risk management framework and practices at the bank. All risk Managers/Officers at Hasal will have a reporting line to the CRO.
• To maintain independence of the risk management function, the role of the CRO shall not have any business or revenue generation responsibilities. This is a standard regulatory expectation and requirement.
• The CRO shall also have a direct reporting responsibility to the Board Risk Management Committee. Interaction between the CRO and the Board should occur regularly and be documented adequately.
• The CRO shall be the Secretary to the Board Risk Management Committee and in this capacity shall be responsible for preparing and circulating the agenda and the Minutes of the discussions.
• The CRO shall be a member of all important senior management committees including the Board Level Credit Committee (permanent invitee), Executive Credit Committee (EXCO), ALCO, Loan Recovery/Delinquency Monitoring Committee, Audit Committee, New Product approval committee and any other management level committees that may be formed from time to time and that have relevance from the perspective of risk management.
• The CRO shall also have access to call for all such information from associated companies/distinct legal entities belonging to the Bank which may impact the Bank’s risk profile.
• The CRO will also function as the head of the integrated risk management function.