RISK OFFICER

Duties and Responsibilities

1. Risk Management Framework
• Develops, implements and maintains a comprehensive risk management framework appropriate to the Microbank’s size and complexity.
• Ensures alignment with regulatory requirements, internal policies and best practices in risk management.

2. Risk Identification & Assessment
• Conducts periodic enterprise-wide risk assessments across all departments (credit, operations, IT, Treasury, etc.).
• Monitors incidents, losses and near-misses and proposes mitigation strategies.

3. Risk Monitoring and Reporting
• Monitors risk exposures against approved risk appetite, limits and tolerances.
• Prepares timely and accurate risk reports for Management, Board and relevant committees.

• Escalates emerging risks, breaches and control weaknesses.

4. Credit Risk Oversight
• Reviews and assess credit policies, underwriting standards, and portfolio performance.
• Monitors asset quality indicators such as PAR, NPLs, concentration risk, and provisioning adequacy.
• Independently reviews credit processes to ensure adherence to policies.

5. Financial and Risk Modelling
• Performs stress testing, scenario analysis and sensitivity analysis on liquidity, capital adequacy and credit portfolios.
• Supports capital planning and sustainability assessments through risk-based financial modelling.

6. Internal Controls and Assurance
• Evaluates the adequacy and effectiveness of internal controls.
• Ensures proper segregation of duties to prevent conflicts of interest.
• Provides independent assurance over business operations and risk-taking activities.

7. Regulatory Risk
• Ensures adherence to regulatory requirements, prudential guidelines and supervisory requirements.
• Assists in preparing regulatory reports e.g. ICAAP, Climate risk assessments, for the RBZ and other authorities.
• Liaises with regulators on risk-related matters, examinations and returns where required.
• Monitors regulatory developments and assess their impact on the Microbank.

8. Policy Development
• Assists in developing and reviewing risk-related policies and procedures.
• Participates in and provides support to management and board committees.
• Embeds risk awareness and accountability across the institution.

9. Risk Culture and Awareness
• Promotes a strong risk culture through staff training and awareness initiatives across the Microbank.
• Advises management on risk implications of new products, processes and strategic initiatives.