|
Risk Manager
Duties
- MAIN TASKS
- Staff management and supervision
- Assists in the interview, selection and hiring of new employees
- Recommends promotion, suspension, dismissal, and/or transfer of staff
- Ensures and effectiveness and efficiency of all offices under his supervision; and
- Determines minimum competencies that the present core of local executives should have to be able to operate on their own. Analyzes gaps
- Builds on existing capabilities of staff by reinforcing present skills and developing new ones that are crucial to actual management devolution
- Implements the Executive Management and Development Plan to ensure smooth transition of management functions
- Continually monitors and evaluates the progress of skills building. Recommends additional interventions, if needed; and
- Directs other relevant employee training to improve efficiency and ensure conformance with standard procedures and practices
- GENERAL RISKS MANAGEMENT
- Reviews the company’s capital allocation to ensure resources are suitably utilized to optimize returns given the company’s tolerance for risk
- Prepares risk management strategies and policies to be followed by the company, and submits such strategies and policies for approval and monitoring and implementation thereof
- Develops and updates the Risk Management Manual, and other recommendations to mitigate risks
- Ensures that the provisions of the Risk Management Manual are complied with by all concerned
- Conducts or authorizes familiarization seminars on the provisions of the Manual
- Conducts a discovery process to identity risks not so far covered by the existing risk management provisions and submits appropriate recommendations for their control
- Monitors and reports monthly to the Management Committee the staff’s compliance to the Manual
- Identify risk owners and establish adequate mitigating controls and action plans
- Monitors and evaluates implementation of controls and action plans
- Draft reports with assessment of implementation, lessons learned and further recommendations
- Prepare and produce risk ranking tools on a regular basis to support the decision making processes in the MFI
- Identify key issues/ topics from IA reports and other reports (TPC, external audit, rating, lenders, etc.) that need capacity building. The issues and topics should relate to findings that present a clear risk to the operations of TPC, provide an opportunity to improve effectiveness or efficiency and/or are needed to meet requirements of regulators of funders
- Develop action plan with capacity building materials, budget and schedule for approval
- Implement capacity building plan, monitor results and create recommendations for further work based on lessons learned and observations of staff
- Participate in management and committee meetings
- Submits to the Board of Directors, through the CEO, monthly reports on the implementation of, and compliance by all concerned to the Manual, including his recommendations
- Periodically reviews the company’s system of internal controls which shall promote effective and efficient operations; reliable financial and regulatory reporting; and compliance with relevant laws, regulations, and policies of the company
- Determines whether internal controls meet these objectives, considering the overall control environment of the company; the process of identifying, analyzing and managing risk; the adequacy of management information systems; and the adherence to control activities such as approvals, confirmations and reconciliation
- Periodically tests the risk management process and internal controls
- Determines possible risks when there are significant changes on product lines, risk oversight process, internal controls, or the overall risk profile of the company
- Continuously evaluates the independence and overall effectiveness of the company’s risk management functions
- Participates in the periodic review and evaluation of all company policies and procedures developed for its key activities
- And any other duties that may be assigned from time to time
- CREDIT RISKS
- Monitors and measures company’s credit risk position
- Quantifies the possible financial loss of the company resulting from default of its borrowers or from the depreciation in value of collateral held by the company
- Uses the company’s management information systems to identify concentrations of credit risk and particular sensitivities to such risks so as not to expose the company to adverse changes or effects in the area in which credit risk is concerned. Identifies trends in these concentrations of risk over time
- Creates reports on these issues in order to keep the Board of Directors and Senior Management Team informed
- Ensures approved credit risk management policies and procedures are being complied with throughout the lending process
- Identify, assess, profile, document risks associated with operational and financial processes and procedures as well as TPC performance indicators
- Ensures application of sound lending, collection and credit risk management principles and ensures compliance through unannounced spot checks and evaluation including field visits
- As part of the loans and advances underwriting or vetting process, ensures that the bank lends to credit worthy individuals and businesses and that such lending is adequately secured
- Reviews, recommends and implements changes to credit policies, operations and procedures in consultation with the other departments
- Assist the in the development and monitoring of the implementation of tools to control fraud, delinquency and Credit Risk
- Ensures the safety and proper management of the company’s lending records
- Maintains and ensures strict compliance of appropriate laws on record retention.
- Ensures that adequate internal control procedures are integrated in record updating and retrieval processes
- Monitors the loans and advances delinquency management process
- Ensures that the approved loans and delinquency policies and procedures are followed at all times
- Closely monitors non-performing loans and report status to CEO
- Produces the relevant reports
- Prepares monthly risk report for the management and the Board
- Presents report to the Board Risk Committee during the quarterly committee meetings
- Prepares other report that may be required by management and the Board
Requirements
- At least 3 years experience doing risk management in a license financial institution
- University degree in management, finance, banking and related field
- MBA in management, finance, banking or related field will be AN ADVANTAGE
- Operations and financial management, budgeting and cash management experience
- Branch and loan staff management is preferred
- Assessment and improvement of financial systems and procedures
- Excellent spreadsheet analysis and communication skills
- Accuracy, attention to details, initiative and ability to manage multiple tasks and meet deadlines; and
- Excellent team player
|
