Head Enterprise Risk

Hugo Bank; Karachi Division; On-site; PKR 5,000,000 - 8,000,000; Full time

Job summary

Hugo Bank in Karachi seeks Head of Enterprise Risk to lead development and implementation of the ERM framework across the bank, ensuring an integrated, risk-based approach to identifying and controlling enterprise-wide risks. You will work with the CRO to embed ERM into policies, governance, and decision making, overseeing risk appetite, limits, stress testing, and regulatory alignment.

The role requires 10+ years in banking risk, a masters/CA/ACCA, and strong leadership to foster a robust risk

Qualifications

• 10+ years of banking risk experience.
• Must hold a Masters degree or CA/ACCA.
• Strong leadership and people management abilities.
• Excellent communication and stakeholder engagement.

Responsibilities

• Ensure implementation of enterprise risk management framework across the bank.
• Maintain risk policies and risk acceptance criteria.
• Oversee risk appetite framework and risk limits.
• Oversee portfolio management and credit decision quality.
• Develop risk rating models and stress testing framework.
• Ensure market risk limits and middle office monitoring.
• Embed environment and fraud risk controls in the system.
• Coordinate with auditors and regulators for resolution of matters.
• Promote risk culture through staff training and awareness.

Skills

Leadership

Interpersonal skills

Risk management

Education

Masters / CA / ACCA

Job description

Head of Enterprise Risk will develop and implement Enterprise Risk Management (ERM) Framework in order to establish an effective risk-based system to identify, measure, monitor and control enterprise-wide risks.Head of Enterprise risk will support the CRO in embedding and enhancing the enterprise risk management framework across the bank to ensure that risk function is not working in silo.

Core Responsibilities :

1. Ensure implementation of enterprise risk management framework including Risk Appetite, Credit Risk, Market & Liquidity Risk, Operational Risk, Portfolio Management, Environment, Social and Governance (ESG), Basel, ICAAP and Fraud Risk etc;
2. Ensure risk policies and risk acceptance criteria are in place;
3. Implement risk appetite framework of the bank;
4. Oversee effective portfolio management is in place of augment credit decisions and monitor credit limits;
5. Lay down risk rating models and stress testing framework
6. Ensure market risk limits and middle office monitoring are in place and risk under control.
7. Ensure operational risk and fraud risk controls and tools are embedded in the system and effective.
8. Ensure environment risk along with environment risk rating is properly managed;
9. Review process and procedures are timely reviewed to identify gaps over various controls;
10. Monitor risk matters are properly escalated and reported to management through management committees and BRCC;
11. Develop various risk limits along with its rational;
12. Check support, awareness and training to staff is regularly given to build risk culture; and
13. Coordinate with internal & external auditors and regulators for resolution of various matters.

• 10 year plus experience in the risk area in banking industry
• Minimum masters degree or C.A. or ACCA
• Leadership skills
• Good inter personal skills