Assistant Risk Officer

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 potentialvulnerabilities and areas of concern.
• Develop and implement a comprehensive risk management framework in alignment withindustry 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 and 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 organization and promote a proactive approach to risk identification and mitigation.
• Develop and maintain contingency plans to address potential crisis situations and ensure business continuity in times of heightened risk.
• Organize monthly stress-testing and semi annul reserve test testing as required by the regulator.

Required Skills or Experience:

• Bachelors degree in finance, economics, business administration, or a related field. Advanced degrees 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 loand/banking sector.
• In-depth knowledge of savings and loans products, operations, and regulatory landscape.
• Familiarity with risk assessment methodologies, risk modeling, 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.

Salary Range: Market conform salary with excellent employment conditions.

Employment Type: Full Time

Location: Accra