Risk Management Officer
Kuwait City, Al Asimah, Kuwait
Review and assess risk management policies and procedures; makesrecommendations and implements modifications and improvements.
Perform the on-going monitoring and assessments of risks to enablethe identification of top risks, potential new risks or emerging risks.
Provide second line oversight to ensure the organization’s riskappetite, control framework and policies are clearly documented, communicatedand adhered to.
Monitor and assess operational risk exposures, events, business andIT incidents to ensure such cases are appropriately escalated.
Support the business in development and implementation ofappropriate risk controls to mitigate such incidents.
Conduct regular risk and control self-assessment (RCSA) ofdifferent departments and units.
Create and maintain appropriate key risk indicators (KRIs) andtrigger limits to track the trends in risk exposures.
Lead and conduct risk assessments, reviews or investigations oftopics that may arise from time to time.
Recommend and implement risk management solutions such as BusinessContinuity Plan, Funding Contingency Plan or recovery measures.
Conduct thorough analysis of financial statements and assessment ofcredit requests, including new requests, changed requests, refinancing andannual due diligence.
Provide recommendations tied to analysis and assessment of creditrisk.
Present analysis, findings, and recommendations, especiallyfindings that involve a borrower’s ability to repay.
Monitor market risk and liquidity risk limits for potentialbreaches or irregular activities
Monitor compliance to market risk and liquidity risk managementrequirements and limits
Identify and report the organization’s current and potential marketand liquidity risks which may exceed the organization’s risk appetite.
Conduct scenario analysis and stress testing.
Ensure appropriate and insightful risk reporting includingreporting to the Audit & Risk Committee.
Draft and present risk reports and proposals to executiveleadership and senior staff.
Lead, contribute and/or deliver risk training and awarenessinitiatives as may be required.
Perform other duties as directed.
Requirements Bachelor’sdegree in Finance, Economics, Accounting or related field required.
5-8 years of proven experience in Risk Management, mainly in Credit Risk.
Proven experience in the Risk Management department of a bank or financial institution is a must.
Proficiency in Risk Control Self-Assessment (RCSA).
Certificationsin Risk Management would be a plus.
Thorough understanding of policies and best practices of risk management.
Excellentverbal and written communication skills.
Excellentmathematical and critical thinking skills.
Fluent in Arabic and English. French is a plus.
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