Concentration Risk Officer, Financial Institution
2 days ago
This role focuses on identifying, assessing, and mitigating concentration risks within the Financial Institution, ensuring alignment with the Institution's risk appetite and strategy.
- Bullet and balloon repayment limits,
- Single Counterparty Exposures Limits,
- Threshold for conglomerate exposures, and
- Other relevant credit risk concentration limits.
The position involves:
- Conducting thorough risk assessments to identify concentration risks and their potential impact,
- Developing and implementing strategies to mitigate concentration risks,
- Collaborating with business units to determine exposure levels and exception handling,
- Providing regular reporting and analysis on concentration risks to senior management,
- Identifying and assessing potential risks and opportunities arising from concentration risks,
- Ensuring compliance with relevant regulatory requirements and internal policies.
This role also requires:
- Developing and maintaining relationships with business units, functions, and external stakeholders to ensure effective communication and collaboration,
- Leading cross-functional teams to address concentration risk-related issues and initiatives,
- Staying up-to-date with industry developments, best practices, and regulatory changes impacting risk management.
This position plays a critical role in ensuring the Financial Institution's risk management framework remains robust, effective, and aligned with its overall risk strategy.
This role contributes to the development of senior management reporting decks on corporate and counterparty credit risk positions, aligning with the Institution's reporting standards and requirements.
This position is responsible for maintaining accurate and comprehensive records of concentration risks and related activities.
This role requires strong analytical, communication, and interpersonal skills to effectively collaborate with stakeholders and drive business outcomes.
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