Chief Risk Officer at Norrenberger Financial Group

Job Description

• Oversee the development and implementation of the organization’s risk appetite, limits and tolerance levels.
• Assist the Board/Management to develop and communicate risk management policies, risk appetite and risk limits.
• Coordinate the identification, assessment and recording of business risks relating to processes and functions.
• Define the enterprise risk management framework and establish guidelines for the development and implementation of supporting policies and procedures.
• Incorporate risk considerations into strategic decision-making and ensure alignment between business strategies of line management and the risk policy.
• Ensure portfolio optimization through risk diversification and transfer strategies, in line with the risk/reward profile.
• Provide input into capital and resource allocation decisions.
• Establish and maintain a risk awareness culture and provide appropriate opportunities for organizational learning, including lessons learned from previous problems, on-going communication, training and development.
• Monitor and report on adherence to the organizations risk framework / policies to the Board.
• Act as the point of contact between the organization and Regulators/investors with reference to risk management issues.
• Build a risk monitoring system complying with Basel I & Basel II & Basel III requirements for assessing, reviewing and mitigating risk factors.
• Establish a Credit Rating system for the Group as well as develop and implement a Credit Risk Management policy for the Group Credit Department
• Define procedure and guidelines for the establishment of the credit committee, ALCO committee etc.
• Develop objectives for measuring, monitoring, evaluating, and mitigating the risk exposure of the Group and ensure that they are reported in a timely manner to regulatory entities and the management of the Group.
• Oversee the Risk Management department in delivering high quality and professional service to the Group and the clients in the field of risk management.
• Recommend and maintain proper approval processes for all transaction types to ensure proper risk control.
• Ensure that classified loans are reported and properly administered in the system of the Group.
• Establish procedures and execute Profitability and Risk analysis for the Group frequently.
• Chairing Portfolio Management and Risk and Compliance Committees
• Develop predictive dynamic monitoring procedures/systems for the Risk Management Department.

Requirements

• Candidates should possess a Master's Degree qualification with at least 12 years work experience.