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Head of Risk
4 weeks ago
The Head of Risk heads the second line of defence, is a member of the senior leadership team, reporting to the Country CEO, and is responsible for the overall management of operational, financial, and compliance risks. Key Responsibilities
- Ultimately responsible for overall risk management, as well as Customer Due Diligence, Anti-Money Laundering, and Counter-Terrorism Financing programs and ensuring compliance with regulations, good practices by regulators, and other relevant prudential requirements applicable.
- Establish and maintain relationships and communication with regulators.
- Finding the right balance of managing robust systems and controls, with enabling business goals.
- Motivating and leading a risk and compliance team to put a robust risk framework into practice, managing escalations and syndicate compliance across the organization.
- Building and maintaining effective controls, incident response, and management thereof.
- Establishing and maintaining relationships with risk owners in other areas.
- Maintaining strong relationships with other leadership roles in Bahrain, as well as with the leadership team, globally.
- Ensuring that Customer Due Diligence is conducted according to industry best practices. 8. Staying abreast of legislative, regulatory, and corporate governance developments that might affect operations.
- Managing and executing reporting and making recommendations; and identifying compliance risks associated with the business activities. Follow up on the resolution of compliance issues that may arise.
- Managing the service provision of risk and supporting compliance processes.
Background / Competences required
- Experience relevant (>10 years) for leading a risk function in a regulated financial institution in Bahrain or in an international setting (e-money or payment services providers are a plus).
- Experience with risk management.
- Experience with managing intra-group relationships.
- Experience in leading a risk function, motivating team members, syndicating, and championing the importance of risk management as an enabler of sustainable business growth.
- A passion for developing innovative risk and compliance solutions whilst being a pragmatic partner to internal stakeholders across the organization.
- Strong sense of ownership, accountability, and entrepreneurial spirit Commitment to acting with integrity, with high personal work standards.
- Strong understanding of regulatory requirements related to operations and exposure to -having worked with
- regulatory organizations (such as SAMA).
- Great communicator, quick thinker, and confident in decision making.
- Fluency in English & Arabic is essential.
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