Head of Risk

A Reputable Company

Job Summary

The position is accountable for the risk management operations of the company. It includes the integration of risk concepts into strategic planning, risk identification and mitigation activities and policy reviews.

  • Minimum Qualification: Degree
  • Experience Level: Senior level
  • Experience Length: 5 years

Job Description

A Reputable Company seeks the services of a Head of Risk

Job Title: Head of Risk

Job Location: Accra, Greater Accra

Job Description

  • Develop risk maps and strategic action plans to mitigate the company's primary threats, and monitor the progress of risk mitigation efforts
  • Identify potential threats to the financial stability of the company, including risky credit, investments, and portfolio inefficiencies
  • Detects potential threats to operational efficiency including under-performing resources, personnel liabilities, property inefficiencies, and safety risks by testing internal controls
  • Provide expertise in developing and updating policies and procedures
  • Facilitate risk assessment on all new access channels and new solutions (products) to mitigate risks impacting customer experience
  • Improved asset quality, liquidity management, capital management and profitability
  • Facilitate closure of risk issues raised by regulators and Auditors
  • Embed risk assessment, management and reporting that emphasizes on customer experience
  • Enhance and embed quantitative risk identification and measurement across the institution
  • Develop and own credit risk section for all presentations, budget and annual report
  • Train all staff on risk management
  • Facilitate the implementation of crisis management across the entity
  • Ensure credit risk reporting is of sufficient quality and delivered on time to all key stakeholders

Qualification and Requirements

  • A minimum of a first degree in Business Administration or related field
  • Must have served in a senior level position for a minimum of 5 years
  • Has hands-on experience in Financial Institution (FI) risk management
  • Ability to analyse and monitor the various strategic risks that face the Group – which will require an ability to quickly assimilate and understand dynamics within the Group and its environments
  • Ability to devise solutions to situations, bearing in mind various inherent constraints that surround all matters such as cost control, resource limitations, multi-geography and multi-cultural aspects
  • Ability to develop unique, innovative and practical solutions in collaboration with partners
  • Ability to devise revised strategies to learn adeptly from mistakes
  • Ability to develop good working relations with all partners for cohesion in the business; balanced with leadership, authority,and independence as appropriate
  • Ability to network in our markets and beyond with all stakeholder groups
  • Good knowledge of managerial principles
  • Ability to plan, co-ordinate and monitor activities
  • Good coaching and motivation skills and a team player
  • Business strategy driven and be able to plan, co-ordinate and monitor results
  • Self starter with the will to win
  • Ability to lead and/or support decision making meetings
  • Good leadership and interpersonal skills
  • Managing priorities and consistently meeting deadlines for delivering targets
  • Good work ethics
  • Very comfortable with figures
  • Ability to motivate and mentor team members
  • Ability to work under pressure

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