Head of Risk

  • See description
  • Mumbai, Maharashtra, India
  • Contract, Full time
  • Qatar National Bank (QNB)
  • 25 Sep 16

As the Head of Risk the incumbent will have overall responsibility for identifying, monitoring and managing the various risk profiles associated with the operations of QNB's offices in the assigned Country. The incumbent will create, review and recommend a risk management strategy for the assigned...

Role Description

  1. A.    Shareholder & Financial:   

-       Recommend risk measurement methodologies to quantify risks in a consistent manner across the Country covering credit, market, operational and regulatory risks;

-       Prepare such policies and procedures as are required for the operation and management of the framework and oversee their implementation;

-       Maintain the framework by recommending and making such changes as are necessary in response to:

  • Changes in business conditions or the Group's risk appetite
  • Changes in regulation
  • Changes in technology

-       Implement a regime to monitor the ongoing effectiveness of the risk framework in risk, regulatory and operational terms, recommending such changes as may from time to time be required;

-       Review existing processes for the collation and production of KRI reports and implement or enhance as necessary;

-       Attend or chair risk and other control or oversight committees set up for the Country;

-       Stay abreast of regulatory developments and industry best practice, introducing revisions to the framework in response to both;

-       Input to the development of risk management practice and policies across the wider QNB Group. 

  1. B.    Customer (Internal & External)

-       Work closely with the Compliance and Internal Audit Departments to ensure the work of all areas mesh together with no gaps and appropriate "3 level" controls are maintained across all areas of the business;

-       Assist operational teams with risk issues, notably DR planning to ensure robust procedures and systems are in place;

-       Participate in and contribute to, management meetings for the Country

-       Regulatory liaison in conjunction with office and Country GMs;

  1. C.     Internal (Processes, Procedures, Regulatory):

-       Oversee development of new processes and procedures and implementation with respect to Risk Management and be the point of reference for all matters concerning risk

-       Monitor effectiveness of and enhance and develop processes and procedures in conjunction with HO Risk Management to improve effectiveness of risk management at branch and HO level.

-       Review and process queries / proposals relating to all aspects of Risk Management

-       Liaise and work with Operations, HO Risk, Information Technology, Treasury and Financial Institutions to ensure appropriate support is given to the implementation of Branch and HO Risk Management

-       On a dynamic basis research and study trends in international markets with respect to all aspects of risk management and the development of information feeds and databases to ensure early warning systems are in place to minimize losses to the Bank

-       Remain up to date on all aspects of regulatory limits, controls and requirements (particularly in respect of the QCB, and country Central Banks and regulators in the Country).

Qualifications

-       University graduate with additional recognized qualification in financial Risk Management and Masters preferred.

-       Solid general banking experience, typically gathered by 10-15 years of experience or more

-       Excellent knowledge and understanding of Risk Management, typically 5 years or more, preferably in assigned Country

-       Sound capabilities in a Functional Management role preferably in a multinational environment

-       Solid international experience either in an international posting or working internationally involving interaction with diverse environments and different cultures.

-       Demonstrated ability to manage cross functional relationships.

-       Excellent oral and written communication skills

-       Commercial approach to managing risk

-       Strong analytical capability.

-       Familiar with the balanced scorecard approach.

-       Good presentation skills.

-       Ability to motivate and lead teams from diverse cultural backgrounds.

-       Ability to manage a variety of groups, each with their own objectives to achieve a common goal.

-       Superior negotiation skills