Job Details
Company Details
Description
One of our Prestigious Client’s – who is into Financial Group Market leading, European short term consumer loans provider is looking for Head of Risk to work in their Colombo office immediately.
Overall Purpose and Responsibilities of the Role
Be responsible for advising organizations on any potential risks to the profitability or existence of the company, its employees, customers, reputation, assets and interests of stakeholders.
Responsibilities
- Provide feedback on future strategy, business plan on ongoing basis.
- Develops and implements an appropriate Risk Framework to meet the needs of the business which meets the minimum standards defined by the Group;
- Develops Company’s risk information requirements, reporting thresholds and methods for determining priorities;
- Provide feedback on ongoing basis to the Senior Management/Board of Directors on all matters related to Risk Management.
- Collates, monitors, challenges and tests completeness of risk information; Review all internal and external audit reports and arrange to address key issues /comments raised in these reports in coordination with various business units.
- Identifies and assesses accumulation of risk across the Company;
- Provides risk management guidance across Company;
- Coordinates with cross-functional departments (e.g.: Finance) at regular intervals to identify the emerging trends in risks;
- Identifies opportunities for Company wide mitigation of risks through central controls and processes;
- Supports and develops liaison with other functions and maintain coordination with Business Line Risk Management, where necessary.
- Develops and provides risk management training across the Company.
- Identification, evaluation and implementation of methods to reduce of all possible business risks (credit, operational, fraud, etc.).
- In credit risk: Optimization of credit decision making (including development of credit rules, verification
- Procedures, scoring cards, etc.) for meeting targets of Approval rate within the required level of provisions/loses.
- To prepare proposal about organization of risk department’s work, including the optimization of risk department’s organizational chart
- Ensure effective risk management system in place for Risk Management Process for monitoring and control of the overall portfolio of the company.
Qualifications & Requirements
- Bachelors / Masters Degree major in business management, finance and accounting, mathematics or equivalent
- 7 years working experience and at least 3 years relevant experience in credit risks management with extensive knowledge of Risk management processes from conception to completion
- Preferably coming in from the Finance and Banking Industry or the Micro-finance and lending industry
- Able to work under pressure, Strong analytical skills, Teamwork, Excellent communication skills
- Fluent English communication orally and verbally
- Capable of building and managing medium to large teams
- Strong leadership and management ability, with the ability to drive and motivate people
- An understanding of how technology can deliver a competitive advantage in delivering the company’s product to the market (strong IT / e-commerce skills highly desired)
- Must be able to navigate the regulatory environment for consumer financing
- A flexible, hands-on approach to establishing a new market entrant is essential
- Ability to create systems and processes as well as establish new departments
- Must be proactive and highly motivated, capable of driving change and innovation
- Must have a customer-centric focus and a positive work attitude
- Ability to work in a multicultural environment
- Energetic, driven, visionary, out of the box thinker, well-rounded with an entrepreneurial mind-set.
- Must be willing to inject yourself into the establishment of the local operation at the earliest stages, pre-formation of local processes, procedures and corporate structuring.
Apply now if you are interested to: jobs@latestjobs.lk