Principle Accountabilities
- Develops and implements enterprise-wide risk management methodologies and models and institutes policies and guidelines
- Identifies, quantifies, monitors, and controls the organisation`s risk through development and management of an organisation wide Risk register
- Establishes the organisation`s Risk Appetite Framework and recommends it for Board approval
- Coordinates the drafting and updating of risk policies and procedures in line with guidelines defined by the Board of Directors
- Develops the risk assessment criteria (RAC) for use in drafting corporate and departmental risk registers
- Reports periodically to the Board, Audit and Oversight Committee, EXCO and Divisional on key risk metrics, risk accountabilities as well as the adequacy and effectiveness of the risk management policies and procedures
- Oversees the effective implementation of, and adherence to, Anti-Money Laundering regulations within the organisation
- Performs the role of the Money Laundering Reporting Officer (MLRO) for the organisation by implementing effective suspicious activity reporting standards in accordance with AML/CFT
- Coordinates proactive regulatory engagements and ensures an effective regulatory relationship plan is in place for engagement with relevant regulatory authorities
- Participates in strategy formulation through performing risk assessment on the organisation`s likelihood to achieve the set targets
- Administers enterprise-wide business impact analyses (BIAs) and coordinates the development and updating of the organisation`s business continuity plan (BCP) for approval by the Board
- Evaluates compliance with the set risk appetite and tolerances, approved exposure limits and authorization levels and recommends remedial action in case of non-compliance
- Reviews systematically the exposures by risk type for portfolios, economic sectors, geographical area and other segmentations
