Number of Applicants
:000+
Job Title: Risk Management Division Head
Employment Type: Permanent
Hiring Manager: Risk Governance Group Head
Group: Risk
Department: Risk Governance Group
Planning&Organization
● Takes the lead in orchestrating business planning activities for Risk Management.
● Collaborates with teams to shape comprehensive strategies for the overall Risk Group
● Contributes critical insights to shape individual work plans and assigned areas.
● Facilitates the creation of short, mid, and long-term strategies for the Risk Governance (RG) function.
● Plays a pivotal role in formulating and implementing operational risk management strategies.
● Ensures strict adherence to internal policies and regulatory requirements.
● Develops and regularly reviews the Risk Management Framework.
● Contributes significantly to the establishment and enhancement of Policies and Guidelines mandated
by Regulatory bodies
● Actively participates in the review and updating of the Enterprise Risk Management Framework and
Policies.
● Guarantees the effective implementation of the Risk Governance framework, policies, and guidelines.
● Oversees skill and career development of the the team members
Risk Management Activities
Strategic Design and Implementation:
● Assists the Chief Risk Officer (CRO) in designing, embedding, and implementing continuous
enhancements to Risk Management functions
● Fosters a management philosophy and culture aligned with effective risk management throughout the
organization.
Operational Risk Oversight:
● Spearheads and oversees enterprise-wide operational risk identification and assessment.
● Utilizes various ORM tools, including Risk and Control Self-Assessment (RCSA), Project Risk
Assessment/Advisory activities (PRA), Key Risk Indicators (KRI), Incident Management, Issue and Action
Management.
Risk Tools Implementation:
● Ensures the comprehensive implementation of all Risk Tools
● Conducts critical analyses of root causes and issues, aiming for full integration into operational
processes.
● Creates and oversees the development and implementation of operational key risk and control
indicators.
● Coordinates with senior management to perform operational business risk reviews.
● Monitors and ensures the resolution of operating risk issues for business units.
● Assists in identifying and evaluating risk areas across operational activities.
• Guidance and Review:
● Conducts reviews and provides guidance on risk acceptance, contract, and policy/procedure creation
or updating.
Regulatory Compliance and Impact Analysis:
● Reviews and provides critical inputs on new regulations and laws impacting the Risk Management
function and the overall operations of the company. Governance, Reporting and Escalations
● Reviews and provides inputs to all risk reports, results, issues, and decisions to th, CRO, Senior
Management, and the Board
● Reports to Senior Management, Governance Committees, and Board-level Committees
● Provides reports and updates to CRO for BAU and Adhoc Activities
● Escalates key risks and actual/potential non-compliance incidents to respective risk owners through
the CRO to ensure that potential risks or incidents are managed effectively.
● Performs periodic business risk reviews
● Validates gap analysis against required regulation / laws / Internal policies, performs escalations and
collaborations In addressing gaps
Embedding Risk Management Function and Advancement:
● Helps in ensuring embedding of Risk Management in assigned groups’ daily activities including
strategic planning, capital allocation, product development, etc.
● Performs promotions and training business and functional partners in the different risk management
activities
● Keep abreast of latest operational risk management techniques and industry best practices.
● Ensures continued awareness of the Risk Management policy/framework, Org-wide Risk Matrix and
common risk language across the organization. Others
● Perform activities required by the CRO, as it arises.
● Efficiently manage and monitor open audit items from internal / external audits related to Risk
Management to ensure completion of remediation activities defined in the agreed action plans and risk
treatment plans
● Leads the Risk Management Team to develop and expand continuous monitoring processes to assess
compliance with risk policies, standards and requirements.
● Support in providing deliverables as required by internal and external auditors
Qualifications:
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