Job Description
- Chief Risk Officer (CRO)
Chief Risk Officer (CRO) position has been established with an objective to review the bank's risk management infrastructure and control systems and to ensure adequacy to enforce bank's risk policy and business continuity planning. The bank has envisaged implementation of comprehensive risk management framework in various areas of banking and to perform independent risk assessment.
The bank is looking for an outstanding personality to assume the position of CRO who is abreast of “best practice” of risk management in banking at national as well as international level and suggest modifications to bank policy towards enterprise risk management approach. The CRO along with his team shall develop sound risk assessment and rating methodologies and be instrumental in supporting the strategy of bank in instilling risk culture in the bank.
Academic qualification: Master’s Degree from recognized university
Experience: Minimum 5 Years’ experience in Commercial Bank with exposure in related field
Roles and Responsibilities of the CRO
- Plan, design and act on the risk management program and help the bank in managing its risk strategically, efficiently and effectively.
- Develop sound risk assessment models and risk measurement, mitigation, and reporting, frameworks across all functions and activities of the Bank.
- Establish, communicate and facilitate the use of appropriate Risk Management methodologies, tools and techniques.
- Provide feedbacks on reports including sector wise reports and credit portfolios as required by Competent Authority of the Bank.
- Review of appropriate credit risk exposures and credit risk mitigation under BASEL III guidelines.
- Monitoring of business units to ensure appropriateness of utilization of credit facilities through inspection visits even during the processing of credit files, if required.
- Monitor concentration of risk in various industries/sectors on periodic intervals and advise Competent Authority accordingly.