Deputy Risk Officer

Job Summary

We are looking for a qualified and experienced Deputy Risk Officer to support the Head of Risk Management in implementing and maintaining the organization's risk management framework. The role involves identifying, assessing, monitoring, and reporting enterprise and operational risks, maintaining risk registers, coordinating mitigation activities, and ensuring effective risk oversight across departments.

The ideal candidate should have at least 2 years of relevant risk management experience, preferably within a financial institution, along with strong analytical, communication, and reporting skills.

Key Responsibilities

• Support the Head of Risk Management in overseeing the Risk Management function and implementing the approved risk management framework.
• Coordinate and conduct risk assessments covering existing and new business activities, services, products, processes, and operational changes.
• Maintain and regularly update the Enterprise Risk Register, departmental risk assessments, and associated risk mitigation action plans.
• Monitor Key Risk Indicators (KRIs), operational incidents, control weaknesses, and emerging risks.
• Follow up with relevant departments on outstanding risk findings, corrective actions, and mitigation deadlines.
• Prepare periodic risk reports for Senior Management, the Risk Committee, and other relevant stakeholders.
• Coordinate with Operations, Compliance, Anti-Money Laundering (AML), IT, Internal Audit, and other departments on risk-related matters.
• Ensure appropriate risk oversight and timely escalation of significant incidents, control deficiencies, and emerging risk exposures.
• Support the development, review, and implementation of risk management policies, procedures, and methodologies.

Required Qualifications and Experience

• Bachelor's degree in Risk Management, Finance, Banking, Business Administration, or a related field.
• Minimum 2 years of relevant experience in Risk Management , preferably within a financial institution.
• Demonstrated experience in Enterprise Risk Management (ERM), operational risk, risk assessments, incident management, and internal control frameworks.
• Good understanding of financial services operations and applicable regulatory requirements.
• Previous experience coordinating or supervising risk management activities.
• Ability to work independently, exercise sound risk-based judgment, and escalater material concerns appropriately.
• Strong analytical, organizational, communication, and reporting skills.
• Proficiency in written and spoken English.