1 month ago

Job Summary

We are seeking a highly skilled and diligent Chief Risk Officer to join Asa Savings and Loans Limited. As a Chief 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: Mid 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 potential vulnerabilities and areas of concern.
  • Develop and implement a comprehensive risk management framework in alignment with industry 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-annual 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 loan/banking sector.
  • In-depth knowledge of savings and loan 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 the capacity to work in a multicultural working environment.


Market conform salary with excellent employment conditions.

How to apply: Apply with a detailed CV and cover letter. Applications should be sent to: jobs.aslc@gmail.com

NB: Qualified women are particularly encouraged to apply.

The closing date for all applications is fourteen (14) days after the date of first publication.

Only shortlisted candidates will be contacted.

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