Objective
The Risk Officer is responsible for identifying, assessing, monitoring, and reporting risks that may affect the institution’s financial performance, operational effectiveness, asset quality, and regulatory compliance. The position supports the implementation of risk management policies, procedures, and internal controls to minimize potential losses and strengthen the institution’s risk management framework.
Key Duties and Responsibilities
A. Credit Risk Management
- Monitor loan portfolio quality, repayment performance, and Portfolio at Risk (PAR).
- Identify overdue loans, potential defaults, and emerging credit risks.
- Review credit assessment reports and loan files to identify risk exposure and weaknesses.
- Analyze loan concentration, borrower repayment capacity, and other relevant credit risk indicators.
- Recommend appropriate measures to reduce credit risk and minimize potential financial losses.
B. Operational Risk Management
- Identify and assess operational risks arising from internal processes, systems, people, and external events.
- Monitor internal controls and identify weaknesses that may expose the institution to operational losses.
- Report suspected fraud, irregularities, and significant control deficiencies through approved reporting channels.
- Support risk assessments of branches, departments, products, and operational activities.
C. Risk Monitoring and Reporting
- Maintain and regularly update the institutional risk register.
- Prepare periodic risk reports, risk assessments, and analytical summaries for management.
- Monitor key risk indicators and report significant changes or emerging risks.
- Follow up on risk mitigation plans and ensure that responsible departments provide timely updates.
- Escalate significant risks to the supervisor in accordance with institutional policies.
D. Compliance and Internal Controls
- Monitor compliance with approved risk management policies, procedures, and delegated authorities.
- Coordinate with the Compliance Department and other relevant units on risk-related issues.
- Support the follow-up of audit findings and control weaknesses in coordination with responsible departments.
- Assist in reviewing risk-related policies and procedures and recommend improvements where necessary.
E. Coordination and Documentation
- Coordinate with Credit, Finance, Operations, Compliance, Internal Audit, and Branch Management on risk-related matters.
- Maintain accurate, complete, and confidential risk management records.
- Support staff awareness and training on risk identification and mitigation, when required.
- Perform other relevant duties assigned by the supervisor within the scope of the position.
