Job Title:                     Chief Risk Officer (CRO) - Zambia

Industry:                      Banking

Location:                    Zambia

Salary:                         Competitive Salary Package + Benefits

Job Summary:

As the Chief Risk Officer (CRO), you will be responsible for developing and implementing a robust risk management framework to ensure the bank's financial stability and compliance with regulatory requirements. You will play a key role in identifying, assessing, and mitigating risks across various business functions while fostering a risk-aware culture within the organization.

Key Responsibilities:

Risk Management Strategy:

• Develop and implement a comprehensive risk management strategy aligned with the bank's overall objectives.
• Continuously monitor and evaluate the effectiveness of risk management policies and procedures.

Risk Identification and Assessment:

• Conduct regular risk assessments to identify and analyze potential risks to the bank.
• Collaborate with business units to assess the impact of new products, services, or initiatives on overall risk exposure.

Regulatory Compliance:

• Stay abreast of regulatory changes and ensure the bank's compliance with all relevant laws and regulations.
• Work closely with regulatory bodies to address inquiries and examinations related to risk management.

Credit Risk Management:

• Oversee the credit risk management process, including the evaluation of credit policies, loan portfolios, and provisioning strategies.
• Implement measures to mitigate credit risks and ensure the overall quality of the loan portfolio.

Market and Operational Risk Management:

• Manage market and operational risk by developing and implementing strategies to identify, assess, and mitigate potential threats.
• Monitor key operational risk indicators and implement risk mitigation plans as needed.

Risk Reporting:

• Prepare and present regular reports to the executive management and board of directors on the bank's risk profile and risk management activities.
• Ensure accurate and timely reporting to regulatory authorities.

Collaboration and Training:

• Collaborate with various departments to embed risk management practices into daily operations.
• Provide training and guidance to employees on risk management policies and procedures.

Qualifications and Experience:

• Bachelor's degree in Finance, Risk Management, or a related field; advanced degree preferred.
• Proven experience in a senior risk management role within the banking industry.
• In-depth knowledge of local and international regulatory requirements.
• Strong analytical and strategic thinking skills.
• Excellent communication and interpersonal skills.