Chief Risk Officer (CRO) in Sanoat Qurilish Bank

About the bank

With almost century long history, SQB is actively involved in the development of Uzbekistan’s economy by providing financial services to all core industries of the economy, including heavy industrial factories, oil and gas plants, and constructions materials sector. As the oldest bank in the country, SQB has been historically and systematically important leading financial institution. Today it is the second largest bank by the size of assets (UZS 56,5 trillion) and market share.

SQB provides services more than one and half million clients and has a large branch network across the country. It has also large network of international corresponding relationships across the globe with 338 foreign banks in 58 countries.

In collaboration with IFC, SQB has been transforming its business model to spur decent growth and provide high quality services to its clients having an ultimate goal of being privatized in 2023.

Key responsibilities:

· Understand, identify, measure, monitor, control, mitigate and reports risks, especially Credit Risk, Counterparty Credit Risk, Environmental and Social Risk (E&S), Market Risk, Interest Rate Risk, Liquidity Risk and Operational Risk in line with local regulations as well as International Best Practices;

· Govern the development of Bank Risk Management policies and procedures (i.e. Risk Management Framework, Credit, Liquidity-Market, Operational and E&S risks) aligned with the overall strategy of Bank;

· Regularly assess the adequacy of the Risk Management policies and verify that it is fully implemented and followed by the Bank staff;

· Develop and recommend risk strategy, risk appetite, internal limits in respect of credit, market, liquidity, interest rate risk and operational risks under various types of products, activities, exposures, etc.;

· Regularly review Bank’s risk exposures and compare these to approved limits. Serve as an independent and objective check of the risk-taking activities;

· Co-ordinate the various functional activities which advise on risk management issues within the organization and provide recommendation to all departments in order to comply with established internal risk policies, limits and structures;

· Recommend, develop &implement risk measurements and credit scoring/risk rating methodologies;

· Develop and conduct scenario analysis &stress tests on credit, liquidity, market, and operational risks on regular basis - to analyze the effects on Bank’s capital and liquidity;

· Proactively identify emerging risks and assist the business process owners with resolving control gaps and issues and help to create quality corrective action plans, including understanding root causes of any issues;

· Initiate projects within the Bank that will improve the identification, measurement and mitigation of risks across all dimensions - Contribute to the implementation of IT solutions for risk management;

· Supervise Bank’s preparations and implementation of Basel II, III, Central Bank of Uzbekistan (CBU) regulations with respect to risk management and measurement issues;

· Conduct an independent review of the risk statements prepared by the Bank in the context of reporting on financial risks and liquidity risk;

· Propose RMD’s annual work plan to the Board Risk Committee;

· Work in co-ordination with the Internal Audit and Internal Control/Compliance teams especially on operational risk areas;

· Develop the Business Continuity Plan, Disaster Recovery measures and other risk mitigation techniques in coordination with the relevant functions;

· Define Risk Control & Self-Assessment (RCSA) process and ensure effective process is in place to manage, identify, monitor and report risks in the Bank;

· Monitor and assess the adequacy of the Capital ensuring that risk exposure is maintained at prudent levels and consistent with available/planned Capital and regulatory requirements;

· Carry out a risk review of new product proposals, make appropriate recommendations to the Board and Management Risk Committee and ensure these are consistent with the Bank’s risk policies and risk management systems;

· Liaise with regulators and relevant external bodies on risk management issues;

· Ensure sufficient risk management staff are assigned in consideration of the size and nature of the Bank;

· Prepare risk training program and arrange periodical risk training of the bank staff.

Skills & Qualification:

· Minimum 10 years’ experience in a bank or financial services company with specialization in areas such as risk, audit, credit, treasury, etc. with at least 3 years in risk management Head roles;

· University Degree in Business Administration, Economics, Statistics, Administrative Sciences or equivalent - preferably MBA;

· Comprehensive knowledge of financial institutions and banking products, risk management practices, including inherent risk assessment, control evaluation and residual risk measurement;

· Strong knowledge of regulations, Basel requirements & International Best practices;

· Strong understanding of statistics and quantitative data analysis methods/models;

· Proficient ability to interpret business requirements and understand model outputs for the purpose of liaising with developers and business/IT units;

· Mastery of risk disciplines at an enterprise/integrated level, processes, tools and techniques/models; Stress tests, scoring/ratings, RAROC, Capital management;

· Has basic knowledge of and is generally familiar with anti-money laundering/combating financing of terrorism (AML/CFT) and risks related to these;

· Excellent problem-solving skills - Ability to see the big pictures with high attention to critical details;

· Strong leadership skills including Decision Making, Problem Solving, Crisis Management and People Management;

· Good management skills, ability to delegate responsibilities and supervise tasks within the risk management department team;

· Excellent verbal and written communication skills to support impactful communication with senior stakeholders;

· Excellent proficiency in Microsoft Office – particularly Excel (metrics and data analysis);

· Experienced negotiator - able to identify and influence key decision makers across various levels and functions within the organization;

· Ability to work effectively with a great degree of independence and to lead multiple projects and teams simultaneously;

· Well organized, detail-oriented, self-starter, comfortable functioning in a complex environment;

· Fluent English communication skills.

Conflict check and regulatory approvals:

· Conflict of personal interests: In case if nominee is a member of the Supervisory Board or the Management Board of the Bank;

· This position is subject to Central Bank’s approval.

Terms:

· Remuneration is competitive and will be competitive and based on experience;

· International training opportunity;

· Employment in accordance with the legislation of the Republic of Uzbekistan;

· Sports life and corporate events;

· An opportunity to build a career in a leading bank in Uzbekistan;

· The opportunity to participate in the transformation of the Bank with the consultants of International Finance Corporation.