Head /Deputy Head Of Risk
2 weeks ago
MANDATE / PURPOSE
- Assist Senior Management in effectively managing all aspects of the Risk department
- Lead the Risk department in its primary function of providing independent and effective risk oversight of the Branch
- Provide independent risk evaluation, credit administration to loan documentation, special assets and credit portfolio management, operational risk reviews, and timely market risk analysis and management
- Monitor and oversee all the lending activities and execution of the risk management of the Branch
- Develop and maintain the Branch's risk appetite, the risk management framework in line with current HO framework and regulatory requirements consisting of policies, standards, guidelines and procedures for risks associated with credit, market, operational, reputational, regulatory, country, etc
- Create and maintain risk related policies and procedures, and Branch risk practices such as the Risk Control Self-Assessment (RCSA) programme and other control and risk reporting mechanisms
KEY TASKS
- Liaise and communicate with, and report to HO on departmental matters ensuring HO requests are met, subject to local laws and regulations, as directed by Senior Management
- Review and update existing as well as draft new department policies and procedures ensuring compliance with current local laws and regulations and changes from HO policies and procedures
- Keep abreast of regulatory requirements applicable to the department's operations by developing own source of information and/or relying on the output of Compliance's regulatory monitoring process
- Provide timely advice to senior management on all issues that may arise within the areas of responsibility
- Provide support and documentation for engagements with regulators, internal and/or external auditors as required
- Prepare and submit all required reporting (regulatory, Head Office, Branch, department) on timely manner
- Serve in accordance with Branch succession plans, participation and active involvement in MC, RICC, CC, Compliance Committee, and other bank meetings where required
- Maintain current knowledge regarding global and local accounting and regulatory authorities and related risk management guidelines and directives including but not limited to BASEL, IFRS and OSFI
LIMITS AND AUTHORITIES
Credit limit and or related signing authorities awarded as per HO Credit Approval Authority Delegation Letter
JOB SPECIFICATIONS
EDUCATION
Undergraduate degree, preferably in accounting, finance or banking
MBA, CS or CFA an asset
REQUIRED EXPERIENCE
- Minimum of 15 years of banking/finance experience within all aspects of risk management, finance, commercial and corporate, capital markets products
- Local credit approval /analysis experience in corporate banking
- Extensive knowledge of financial products and services, and related regulatory issues, with familiarity of current Canadian financial institutions regulatory requirements
- Strong knowledge of laws, practices and processes impacting the risk, credit, security, collateral, liquidity, derivative areas and associated processes typical in domestic and international commercial and corporate banking
SKILLS AND ABILITIES
- Strong oral and written communication, reporting, and presentation skills in English;
Mandarin and simplifiedChinese an asset
- Familiarity with PC based applications with a solid working knowledge of Microsoft Office Suite (Word, Excel, Powerpoint, Access) with working skills in report development and data processing using VBA/Excel/Access and relational databases (SQL Server, Access) and strong SQL programming skills
- Advanced training in financial risk analysis and strong understanding of Third Party Risk Analytical software, such as Kamakura, with knowledge of PD, LGD, AD, VaR, other key risk analytical points, and how they are determined and calculated
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