Risk Supervisor

PROVEN Bank (Saint Lucia) Limited is looking for suitably qualified candidates to fill the position of: RISK SUPERVISOR The successful candidate will be required to assist PROVEN Bank (Saint Lucia) Limited in the management of its risk exposure by implementing controls to protect the organization. T

Overview

PROVEN Bank (Saint Lucia) Limited is looking for suitably qualified candidates to fill the position of: RISK SUPERVISOR

The successful candidate will be required to assist PROVEN Bank (Saint Lucia) Limited in the management of its risk exposure by implementing controls to protect the organization. This individual will also monitor and report on the effectiveness of these controls on an ongoing basis. The candidate should be a meticulous and analytical steward of the Bank's investment portfolio, who ensures that the portfolio is being managed in line with internal and external parameters and guidelines. The proactive team player shall play a preventative role, by forecasting possible misalignments.

Core Functions

• Establish and monitor the risk management framework for PBSL and its subsidiaries
• Oversee the administration of the Risk functions of the organisation which will include but not be limited to the following tasks:
• Maintain and monitor the enterprise-wide risk register and key performance indicators
• Meet with internal stakeholders to determine any new/developing risk within the business units
• Conduct risk assessments to understand risk level, significance, and scope
• Monitor risk exposure limits in line with the company's risk appetite and regulatory stipulations
• Assist in identifying, quantifying, monitoring, and mitigating market (interest rate, currency and equity price) and credit risk across all asset classes.
• Assess the liquidity and funds under management in relation to internal liquidity risk management policies and procedures as well as stipulated regulatory standards
• Conduct research on economic, regulatory and industry specific risks within the domestic and international business environment and reporting such findings to management
• Assess the financial risk embedded in new products or initiatives being developed by the company
• Assess counterparty exposure and enhance existing framework to analyse the financial viability and credit worthiness of counterparties
• Conduct quarterly stress testing in line with liquidity and credit risk management practices
• Develop and maintain procedures and practices for the risk management activities of the organization
• Oversee the process of designing/adapting and monitoring the risk management policies, standards, and techniques of the organisation
• Evaluate the efficiency of all internal controls surrounding the risk function and recommend improvement of those controls as it necessary
• Draft, modify and implement company policies throughout the Group
• Keep abreast of regulatory developments within or outside of the organization as well as evolving best practices in risk control

• Provide timely and accurate risk reports to senior management and other internal or external stakeholders as per the reporting schedule

Performance Standards

• Ensure that security measures are met, and internal control procedures are followed throughout the department to minimize fraud, errors and irrevocable losses
• Demonstrate strong problem-solving skills when faced with an issue
• Display consistent time management abilities when assigned tasks
• Communicate clearly and concisely
• Demonstrate internal and external customer service focus

Competencies

• Critical thinking
• Results oriented
• Strong time management and adherence to strict deadlines
• Ability to work under pressure
• Adaptative and manage change well
• Strong interpersonal and communication (written and oral) skills

The minimum qualifications/skills are:-

• Bachelor's degree in finance, banking, accounting, economics, business administration, or similar fields
• Additional professional qualification will be an advantage - Financial Risk Manager/Certified Risk Manager
• A minimum of 3-5 years of relevant professional experience in Banking, Risk Management, or comparable professional practice
• A strong knowledge of capital market operations and instruments and financial legal and regulatory framework
• Solid computer skills, particularly in Microsoft Excel
• Ability to use the Bloomberg platform is an advantage

Detailed resume must be submitted to:



Email Subject: Risk Supervisor

By: Wednesday 6 December, 2023

We thank you for your applications of interest but note that only short-listed applicants will be contacted.