Risk Manager

Roles and responsibilities

1. Risk Identification and Assessment

• Risk Identification: Identify potential risks facing the organization across all areas of operation, including market risks, credit risks, operational risks, compliance risks, and strategic risks.
• Risk Assessment: Conduct thorough risk assessments to evaluate the likelihood of different risk events occurring and the potential impact on the company. This may involve using tools like Risk Matrices, SWOT Analysis, and Scenario Planning.
• Risk Quantification: Where possible, quantify the financial or operational impact of each risk, either by using financial models or historical data to predict the possible consequences.

2. Risk Mitigation and Strategy Development

• Develop Risk Mitigation Plans: Based on the identified risks, develop strategies to mitigate or reduce their impact. This could involve insurance policies, diversifying investments, changing operational procedures, or implementing new technologies.
• Preventive Measures: Establish and implement preventive measures or safeguards to reduce the likelihood of risks occurring. For example, introducing stricter internal controls, improving cybersecurity protocols, or creating disaster recovery plans.
• Crisis Management and Contingency Planning: Develop crisis management protocols and contingency plans to prepare for worst-case scenarios, ensuring the company can respond effectively to unexpected events.

3. Risk Monitoring and Reporting

• Continuous Risk Monitoring: Regularly monitor the risk environment, assessing emerging risks and tracking the effectiveness of existing risk mitigation strategies. This involves keeping up with industry trends, market fluctuations, and regulatory changes.
• Risk Reporting: Report on risk management activities to senior management, the board of directors, and other relevant stakeholders, ensuring that they are kept informed about the company's risk profile and any significant changes or threats.
• Key Risk Indicators (KRIs): Establish and monitor key risk indicators (KRIs) to track potential risks over time. These metrics can be used to trigger alerts if certain thresholds are met, allowing for a timely response to changing risk conditions.

4. Compliance and Regulatory Risk Management

• Regulatory Compliance: Ensure the organization complies with all applicable laws, regulations, and standards related to risk management (e.g., SOX, Basel III, GDPR, OSHA). This may involve conducting internal audits, reviewing policies, and coordinating with legal teams to ensure compliance.
• Industry Standards: Stay updated on industry standards and best practices in risk management, adopting or recommending practices that improve the organization's overall risk posture.

5. Risk Control and Internal Auditing

• Implement Control Mechanisms: Implement internal controls and audit procedures to minimize the risk of fraud, theft, operational errors, and non-compliance.
• Internal Audits: Conduct or oversee regular internal audits to assess the effectiveness of risk management practices and controls. Use audit findings to improve risk management processes.

6. Collaboration and Stakeholder Communication

• Cross-Department Collaboration: Work closely with other departments (finance, IT, legal, operations) to understand their specific risks and ensure that risk management strategies are integrated into the organization's overall operations.
• Training and Awareness: Conduct training sessions for employees to raise awareness about risk management policies, ethical practices, and compliance requirements. Promote a risk-aware culture throughout the organization.
• Executive and Board Reporting: Regularly communicate with executives and board members, providing them with risk assessments, reports, and recommendations to inform strategic decision-making.

Desired candidate profile

Responsible for identifying, assessing, and mitigating risks associated with the organization’s debt portfolio. This role focuses on ensuring that debt management strategies align with the organization’s overall risk appetite while maintaining financial stability and regulatory compliance.

Working Experience

• Minimum 7-10 years of experience in risk management, financial analysis, or related fields, preferably within debt management or fixed income sectors.
• Experience with risk modelling and quantitative analysis is highly desirable.

Qualifications

Bachelor’s and above degree in Finance, Economics, Risk Management, or a related field.

Other Certifications

Professional certifications, such as FRM (Financial Risk Manager), CFA (CharteredFinancial Analyst), or similar qualifications are advantageous.