Chief Risk Officer (bank-based In Laos), Sydney

Published 2022-01-26
Expires 2022-02-26
ID #853565798
Chief Risk Officer (bank-based In Laos), Sydney
Australia, Sydney, Sydney,
Published January 26, 2022

Job details:

Job type: Full time
Contract type: Permanent
Salary type: Monthly
Occupation: Chief risk officer (bank-based in laos)

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Job DescriptionMekong Group Pte Ltd is a Singapore-based and Laos country-focused company. We striveto bring in regional resources such as investors, partners, consultants, and talents to tapon the growth story in Laos.We believe in the 3T principle (Trust, Technology, Talent) as our guiding principle for doingbusiness. Good management and transparency, being the Singapore branding will help tobuild trust with our client. We bring the best practices and technology to improve our client’sbusiness. Having the right people for the right job is another focus that we do.Role: Chief Risk Officer (Bank - Based in Laos) Responsibilities:Credit Risk Work together with the Marketing team to review and update Lending Guidelines & Procedures. Develop strategies that are approved by the Board of Directors for the recovery of outstanding NPLs with the support of the branches. Review the assumptions behind, framework, methodology and performance of credit stress test tool via results produced. Review and refine the credit scoring methodology and introduce new ones, where applicable. Review and comment at the transactional level, loan proposals/renewals that deviate from the Company’s Lending Guidelines, as well as credit proposals where the loan quantum is above an agreed threshold. The threshold would be risk-based and differentiated for different industries, with thresholds being reviewed at regular intervals; minimally on an annual basis. The Risk Management Committee should be advised of proposed revisions and rationale. Review and improve presentation quality of individual loan proposals. Enterprise-Wide Risk Drive the adoption of Basel II measures as defined by the Central Bank of Laos. Formalize and implement enterprise-wide risk management and governance framework to manage and control all risk types, including credit, market & liquidity, and operational risks. Articulate the risk appetite of the company for the Board’s approval Formalize and refine the risk appetite framework. Recommend appropriate Management Trigger Actions (“MAT”) for respective risk types, in alignment with the Company’s risk appetite.Identify, monitor, and evaluate Company's risk exposure, followed by recommending strategies and procedures to mitigate these risks.Market & Liquidity Risk Review reports and analysis provided by the Asset & Liabilities Committee. Review the assumptions behind, and methodology of the liquidity stress test tool through supervision of the test results in coordination with Treasury. Review the assumptions behind, and methodology of the interest rate and FX stress test tool via review of the results of the tests. Review, test and update the Contingency Funding Plan.Operational Risk Review operational risk reports provided by the Operational and Technology Risk Committee. Assess the operational risk and self-control assessment process, and propose mitigation plan(s), where applicable. Analyse occurrences of Operational Loss(s) and ensure that adequate follow up actions are taken, where applicable. Plan and supervise the testing of the Business Continuity Program. Review and update the Business Continuity Program framework, where applicable Establish an approval process for new product(s)/program(s). Requirements:Willing to travel to Vientiane, Laos and relocate if necessaryBachelor’s Degree or above in Finance, Economics, Business or any related fieldsMore than 15 years of relevant work experience in Risk Management, with preference given to that with banks or finance companies in the Emerging markets Strong knowledge with a ‘hands-on’ attitude in terms of credit risk for Retail as well as SME products and services Strong English language skills are a must and Lao / Thai would be naturally beneficialMeticulous, well organized, with the ability to analyze and solve problemsAble to multitask and manage time effectivelyStrong communication skills with the ability to communicate at all levels of the business

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    Mekong Group Pte Ltd
    Registered on October 7, 2017


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    Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainty and risk. Finance can also be defined as the science of money management. Finance aims to price assets based on their risk level and their expected rate of return. Finance can be broken into three different sub-categories: public finance, corporate finance and personal finance.

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