Job Purpose
To manage and deliver an integrated and independent Risk Management Function in order to enable CHNW to seize opportunities in pursuit of growth, by managing Non-Financial Risks in a manner that balances the interests of clients and other stakeholders, while protecting the safety and soundness of the bank, ensuring the ethical standards are adhered to and maintained. To provide assurance on the control and risk status for CHNW.
Key Responsibilities/Accountabilities
- Engage proactively with stakeholders and the environment at large to understand and manage non-financial risks within CHNW and Corporate Functions. Lead and control non-financial risk management in CHNW and Corporate Functions to ensure the country is prepared to withstand the test of any current and future non-financial risks by influencing the relevant stakeholders. Champions the culture of a responsible risk-taking organisation without compromising the future.
- Lead and drive the implementation of the Risk Management Functional strategy across CHNW in Lesotho. Monitor and maintain adherence to the Group Risk Non-Financial Risk plan.
- Monitor progress of non-financial risk mitigation activities within CHNW and Corporate Functions. Monitor adherence to minimum standards for Non-Financial Risk Management services to ensure compliance with statutory and regulatory laws. Socialise non-financial risk standards across the country in order to establish a healthy culture of good governance.
- Adopt the data security standards. Localise the data model and provide additional risk function data requirements to support decision-making in-country. Set governance standards for Risk data quality and monitor this within the Country.
- Drive a risk culture of transparency, accountability and consistency by using risk knowledge to support responsible decision-making within the country.
- Enable capital and functional cost improvements, improved risk, controls and compliance, data access, quality and integrity, governance driven predictability, accelerating change readiness and business agility as it pertains to non-financial risks within CHNW and Corporate Functions.
- Lead and drive the implementation of best practices to be agile and have the courage to navigate through the unknown future, reconfiguring the operational risk appetite on a continuous basis.
- Develop and maintain a sound awareness and understanding of new threats and lead the positioning of the business appropriately.
- Monitor and report to the Exco, CHNW Manco’s, Head of NFR and the Head of Risk for oversight of all non-financial Risk Management in CHNW, while maintaining independence and having sufficient authority, stature and resources for the effective and efficient functioning of the Risk Management Function.
Minimum Qualification and Experience
- Degree in Commerce, or Finance or Risk Management or Information technology.
- A Masters’ degree in Finance or Commerce or Risk Management, would be an added advantage.
- Data analytics skills are highly preferred for this role.
- A minimum of 6 years’ experience in risk management.
- Knowledge and understanding of the regulatory environment governing financial institutions in Lesotho.
- A good knowledge of risk management is a must have