Key Responsibilities

• Analyze various risks that could impact the company, including credit risk, operational risk, liquidity risk, market risk, regulatory compliance risk, etc
• Collaborate with different departments and conduct risk assessments to identify potential vulnerabilities and areas of concern
• Develop and implement a comprehensive risk management framework in alignment with industry best practices and regulatory guidelines
• Establish risk management policies, procedures and guidelines to mitigate identified risks effectively
• Review and update existing risk policy from time to time to ensure compliance with the risk management directive of the Bank of Ghana (BoG)
• Evaluate and monitor the credit risk exposure of the company’s loan portfolio
• Assess the creditworthiness of potential borrowers and ensure that appropriate risk rating models are utilized
• Stay up-to-date with relevant regulatory requirements and industry standards on risk management in the company and ensure compliance
• Implement effective risk monitoring tools and techniques to track the company’s risk exposure continuously
• Prepare regular risk reports for management and the board of directors, highlighting key risk metrics and trends
• Present risk-related findings and recommendations to the management team on board as needed
• Conduct training sessions for the company’s staff on risk awareness and risk management practices
• Foster a risk aware culture within the organisation and promote a proactive approach to risk identification and mitigation
• Develop and maintain contingency plans to address potential crisis situations and ensure business continuity i times of heightened risk
• Organized monthly stress testing and semi annual reserve test testing as required by the regulator

Qualification Required & Experience

• Bachelors Degree in Finance, economics, business administration or a related field. Advanced degree or professional certifications in risk management will be advantageous
• Familiarity with Central Bank (Bank of Ghana) requirements for risk management at financial institutions
• Proven experience of at least 5 years in a similar position within the financial sector, preferably in the savings and loans/banking sector
• In-depth knowledge of savings and loans products, operations and regulatory landscape
• Familiarity with risk assessment methodologies, risk modelling and analytical tools
• Strong understanding of credit risk management principles and practices
• A humble, hardworking and confident professional
• A team player who continuously improves self and the people around him/her.
• Excellent analytical and problem solving skills, with a keen eye for detail
• Ability to communicate complex risk concepts clearly and effectively to diverse audiences
• Must have Ghana Nationality and capacity to work in multicultural working environment