Chief Risk Officer - SmartCash PSB at Airtel

Purpose of the Job (Brief)

• The Chief Risk Officer (CRO) is a senior executive responsible for the effective independent oversight of Smart Cash PSB risks, under the direction of the Board’s Risk Oversight Committee (ROC).
• The CRO’s primary responsibility is to develop and implement a risk management framework with appropriate tools for the measurement, reporting and control of Smart Cash PSB financial and non-financial risks.
• The CRO, with input from the CEO and management, will develop a risk appetite framework (as per the Board’s stated risk tolerance) expressed in a limit structure for all business lines.
• The CRO will also monitor risk-taking activities and report adherence to limits to the ROC. The CRO will collaborate with the CEO while having formal reporting lines to the ROC

Key Accountabilities

• Develop Enterprise Risk Management Framework, practices, and policies to analyse and report enterprise risks, and to manage risks according to a Board approved enterprise risk management framework.
• Monitor and report on adherence to and consistency of strategic initiatives with Board-approved risk appetite framework, risk tolerances and risk profile.
• Ensure that the organization's risk management policies and strategies are in compliance with applicable regulations, rating agency standards, and strategic imperatives of the Payment Service Bank.
• Establish the Enterprise Risk Management architecture for the financial Payment Service Bank.
• Monitor and analyze risks within the company's business units and reports on these risks to the Board Audit and Risk Management Committees.
• Monitor and ensure proper working of teams involved in market risk including market risk policy development, risk assessment and measurement tools and models for market, liquidity and interest rate risk, determining and monitoring of limits, risk monitoring and reporting dashboards, systems, capital computation and mitigation strategies.
• Monitor and review all tools, methodologies, policies, procedures developed by the risk management teams and facilitator of approval by the Board/Executive Risk Management Committees.
• Receive reports and ensure the development, integration and maintenance of all IT systems and applications related to risk management.
• Monitor and ensure proper working of teams involved in market risk including market risk policy development, risk assessment and measurement tools and models for market, liquidity and interest rate risk, determining and monitoring of limits, risk monitoring and reporting dashboards, systems, capital computation and mitigation strategies.
• Monitor and ensure proper working of teams involved in operational risk including risk policy development, review and upgrade, risk identification, loss event management, risk library development, business line mapping, Control Risk Self-Assessment (CRSA), the development and monitoring of KRIs (Key Risk Indicators), risk capital computation, and mitigation strategies.
• Act in a timely manner to ensure effective management, and where necessary mitigation.

Educational Qualification & Required Skills

• A First Degree or its equivalent in any discipline
• Recognized professional certification will be an added advantage

Required Experience:

• A Minimum of 15 years post qualification experience in risk management or related area within the Financial Services or Information Technology Industry, of which at least 7 must have been in the Banking Sector and 5 years must have been at senior management level

Other Requirements:

• Risk Control mindset: Should show mastery of risk disciplines at a bank-wide and integrated level, risk processes, tools and techniques, capital management, risk-related regulations and compliance.
• Technical Knowledge: Should have a strong understanding of statistics and quantitative data analysis methods. Should have an understanding of different risk management related IT/software applications.
• Keen business acumen - Business and financial judgment, and problem-solving skills are crucial requirements.
• Strong process orientation - A strong understanding of banking processes and operations.
• Intellectual curiosity and analytical approach to work
• Ability to influence a culture of risk awareness in the organization. ▪ Independent thought leadership to strategic decisions and debate.
• Ability to lead and exercise authority through expertise, and experience, showing both strategic and operational understanding of the business model.
• Strong big-picture and strategic orientation yet detail focused.
• Strong sense of collaboration and ability to develop positive relationships with key business stakeholders and demonstrate respectful, constructive negotiating skills.
• Leadership ability to inspire and motivate others to perform well through continuous feedback.
• Excellent written and oral communication skills, with proven ability to present and explain complex information and suggest process improvements to a diverse audience including operations and Senior Management and the Board.