Chief Risk Officer

CRO is accountable for establishing a risk management framework that identifies, evaluates, mitigates & monitors financial, operational, regulatory & strategic risks-ensuring Bank`s stability and full compliance with regulatory & governance standards

Responsibilities & Context

• To oversee the development and implementation of the bank`s risk management functions as a primary role.
• To support the Board of Directors/Boards Risk Management Committee in its development of the banks risk appetite and for translating the risk appetite into a risk limits structure.
• To actively engage with the management in the process of setting risk appetite and limits for the various business lines with a view to achieve bank`s overall strategic planning and monitoring their performance relative to risk-taking and limit adherence.
• To contribute and participate in key decision-making processes (i.e. strategic planning, capital and liquidity planning, new products and services, compensation design and operation).
• To perform periodic monitoring and analyses of portfolio performance and follow-up of exceptions, conditions, covenants, overdue, expired credit & documentation.
• Analyze & Identify credit risk of allocated business segment (Corporate, SME, Retail).
• Portfolio review of Corporate, SME, & Retail business.
• To assist in the development of and manage processes to identify and evaluate business risks and control them.
• To manage the process for developing risk management policies and procedures, risk limits and approval authorities.
• To adopt proper financial protection measures through risk transfer, risk avoidance, and risk retention programs.
• To provide opinion regarding extent of risk in case of credit proposal for big amounts (set by the bank) before submission to EC/Board for sanctioning;
• To monitor portfolio health and ensure good quality asset growth.
• To ensure proper compliance of Bangladesh Bank`s (BB) recommendations regarding risk issues including all core risks.
• To provide a methodology to identify and analyze the financial impact of loss to the Organization, employees, the public, and the environment.
• To implement Environmental and Social (E&S) safeguard for the asset portfolio.
• To oversee the information security aspects for the bank.
• To ensure disclosure of key performance indicators of the bank via Pillar III of Basel III accords.
• To remain aligned and acquainted with other countries` economic and financial positions.
• Ensure adequate internal and external training on risk management issues for increasing efficiency of RMD officials.
• To monitor the overall risk associated with Special Asset Management (SAM) accounts- credit, operational, market and reputational risks.
• To ensure Bank`s policies for identifying, assessing and mitigating legal risks arising from customer disputes, regulatory actions and litigation.
• To ensure risk policies for market risk, liquidity risk, interest rate risk and counterpart risk related to treasury activities.
• Any other responsibilities assigned by the management.

Education & Expertise

• At least 15 years of experience in the relevant field and in the Banking Industry.
• Minimum Master's in any discipline (preferably in in Finance, Banking, Economics, Mathematics, Business Administration) from a reputed university.
• Professional Qualification like CFA, FCA, FCS, FCMA, CIMA, ACCA will be given preference.
• Educational requirements may be relaxed for highly experienced candidates.

The candidate must have at least 15 years of Banking Experience preferably covering:

• Minimum 3 years hands on working experience in Risk Management Division (RMD) and minimum 5 years in Credit Risk Management (CRM) Division.
• Proven track record in credit management, risk mitigation, Capital management.
• Networking and market intelligence.
• Excellent communication and interpersonal skills.
• Experience with strategic analysis and risk assessment.
• An analytical mind comfortable with numbers.
• Excellent organizational and leadership skills.
• Core Risk Management, Internal Control and Compliance, Capital Management, Branch Banking, Core Banking System, Risk-Based Certification

Job Location & Other Details

• Dhaka, Work at Office, Full-time

Read Before Apply

• Only shortlisted candidates will be called for an interview.
• Shimanto Bank reserves the right to accept or reject any application without assigning any reason whatsoever.
• Shimanto Bank is an equal opportunity employer
• Requirements may be relaxed for relevant and experienced candidates.