Head of Risk Management

Job description / Role

A line advisory functions that coordinates with the bank and Group’s executive management to provides added value through proper management of risks and actively communicates risk awareness and risk information to the management and staff of the bank as a deputy to GM Risk. The area of responsibility, apart from direct operation of CAD, retail Risk & RWD, encompasses various risks including Credit Market, Operational, Interest rate, Liquidity, and Asset and Liability Management deputizing GM Risk Manager in the above assisting GM Risk.

Principal Responsibilities:
- Manages and supervises the activities of assigned personnel. Performs supervisory functions at the unit level as established by Management.
- Evaluates and analyzes the bank-wide risk profile by developing risk monitoring and risk management techniques which should be clearly articulated in written policies and procedures.
- Sets up and develops criteria for defining the Bank’s risk threshold in terms of credit, market, operational and liquidity risks.
- Develops appropriate strategies or actions for mitigating risks as to ensure a sound risk asset structure for the Bank while complying with regulatory and legal requirements.
- Develops and implements risk management processes and methodologies for identification, measurement, evaluation and reporting of risk on a timely basis.
- Provides a qualitative assessment on the level of risks assumed and measured through empirical techniques and other appropriate tools, and recommends corrective actions to mitigate such risks.
- Identifies in a timely manner credit risk assets that may move into classified status in order to minimize loan provisioning.
- Monitors compliance of business units with the Bank’s policies, procedures and limits, and ensure that pertinent business units highlight exceptions to Management with its recommended action.
- Develops performance assessment procedures whereby a business unit’s performance gauged in terms of risk ratio or return on capital.
- Conducts risk asset review to assess the capital adequacy of the Bank in line with (Central Bank) guidelines.
- Acts as an independent analytical resource highlighting potential over-exposures and threats, as well as potential opportunities to the Bank.
- Supports and liaises with business units’ initiatives on business strategy, new product implementation and systems development from risk management perspective.
- Ensures compliance with legal and regulatory directives on risk management and reporting processes.
- Stays aware of developments both within the organization as well as in the marketplace to ensure that the Bank may quickly adapt its risk management framework for any significant changes.
- Re-evaluates significant risk management policies and procedures and develops action plans to correct any weaknesses.

Requirements

- A University Degree in Business Management, Accounting, Math related degrees or equivalent, Masters Degree and FRM preferred
- Minimum 15 Years of experience in which 3-5 years managing risk management team in large banking institution.
- Ideal person would be some one who started Career in corporate banking and gradually moved to Risk Management and Credit Risk Management.
- Must have excellent experience in managing a team with expertise in credit risk management and attending credit Committee.

About the Company

A leading bank in Kuwait.