Assistant Risk Officer
Jobberman Third Party
Accounting, Auditing & Finance
Job Summary
We are seeking a highly skilled and diligent Assistant Risk Officer to join our company. As a Assistant Risk Officer, you will play a crucial role in identifying, evaluating, and managing potential risks to ensure the institution’s financial stability and adherence to regulatory requirements. Your expertise will be pivotal in maintaining a strong risk management framework, protecting the company’s assets, and promoting sustainable growth.
- Minimum Qualification : Degree
- Experience Level : Senior level
- Experience Length : 5 years
Job Description/Requirements
Key Responsibilities:
- Analyze various risks that could impact the company, including credit risk, operational risk, liquidity risk, market risk, regulatory compliance risk, etc..
- Collaborate with different departments and conduct risk assessments to identify potentialvulnerabilities and areas of concern.
- Develop and implement a comprehensive risk management framework in alignment withindustry best practices and regulatory guidelines.
- Establish risk management policies, procedures, and guidelines to mitigate identified risks effectively.
- Review and update existing risk policy from time to time to ensure compliance with the Risk Management Directive of the Bank of Ghana (BoG).
- Evaluate and monitor the credit risk exposure of the company’s loan portfolio.
- Assess the creditworthiness of potential borrowers and ensure that appropriate risk rating models are utilized.
- Stay up-to-date with relevant regulatory requirements and industry standards on risk management in the company and ensure compliance.
- Implement effective risk monitoring tools and techniques to track the company’s risk exposure continuously.
- Prepare regular risk reports for management and the board of directors, highlighting key risk metrics and trends.
- Present risk-related findings and recommendations to the management team and board as needed.
- Conduct training sessions for the company’s staff on risk awareness and risk management practices.
- Foster a risk-aware culture within the organization and promote a proactive approach to risk identification and mitigation.
- Develop and maintain contingency plans to address potential crisis situations and ensure business continuity in times of heightened risk.
- Organize monthly stress-testing and semi annul reserve test testing as required by the regulator.
Required Skills or Experience:
- Bachelors degree in finance, economics, business administration, or a related field. Advanced degrees or professional certifications in risk management will be advantageous.
- Familiarity with Central Bank (Bank of Ghana) requirements for risk management at financial institutions.
- Proven experience of at least 5 years in a similar position within the financial sector, preferably in the savings and loand/banking sector.
- In-depth knowledge of savings and loans products, operations, and regulatory landscape.
- Familiarity with risk assessment methodologies, risk modeling, and analytical tools.
- Strong understanding of credit risk management principles and practices.
- A humble, hardworking, and confident professional.
- A team player who continuously improves self and the people around him/ her.
- Excellent analytical and problem-solving skills, with a keen eye for detail.
- Ability to communicate complex risk concepts clearly and effectively to diverse audiences.
- Must have Ghana Nationality and capacity to work in multicultural working environment.
Salary Range: Market conform salary with excellent employment conditions.
Employment Type: Full Time
Location: Accra
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