Chief Risk Officer, BRAC Ghana

Job Description

Career with BRAC International

BRAC International is a leading non-profit organisation with a mission to empower people and communities in situations of poverty, illiteracy, disease, and social injustice. Founded in 1972 by Sir Fazle Hasan Abed, BRAC is the largest non-governmental development organisation in the world and is present in 15 countries across Asia and Africa today. BRAC designs proven, scalable solutions that equip people with the support and confidence they need to achieve their potential. BRAC’s institutional expertise on various programmes, including health, agriculture, microfinance, education, and youth empowerment, is touching the lives of over 100 million people in the Global South.

BRAC Ghana Savings and Loans Ltd (BGSL), is a socially responsible for-profit organization, engaging people, especially women in sustainable economic and income-generating activities Ghana. Our mission is to provide a range of financial services responsibly to people at the bottom of the pyramid. We particularly focus on women living in poverty in rural and hard-to-reach areas, to create self-employment opportunities, build financial resilience, and harness women’s entrepreneurial spirit by empowering them economically. BGSL is part of BRAC International Holdings B.V (BIHBV) which operates in seven countries across Africa and Asia. BGSL is seeking applications from competent, dynamic, and self-motivated individuals to fill the following position:

Chief Risk Officer, BRAC Ghana

The individual will be part of the management team and responsible for communications, planning and organizing campaigns and events, social media visibility, product marketing and ultimately positioning BGSL as a leading mission-driven financial institution in Ghana

Key Responsibilities:

Advise the Board and Senior Management on the control and measurements of risks.
Responsible for development and implementation of the institution-wide risk management framework.
Develop and implement best risk management practices.
Oversee and direct the enterprise-wide management of risk exposures.
Formulate policies and measurement models for the various units involved in carrying out the significant activities that create exposures in the various activity segments in the institution.
Advise and recommend to the Board and Management team on all matters relating to risk exposure management.
Regulate, monitor and review control procedures and report on matters relating to exposures.
Manage and report deviations from set limits and exceptions to policy to the Board and Management team for their appropriate actions.
Perform monthly stress-tests on risk portfolios and at least on a quarterly basis, review and approve the appropriateness of the controls applied at the business levels.
In addition to the monthly stress tests, perform semi-annual reverse stress-testing to examine the impact of selected scenarios from a ‘bottom- up’ perspective.
Incorporate the results of the stress-tests (which will inform management of the expected risk tendency of the portfolio against the approved risk appetite of the institution) into the risk governance structure of the institution.
Be empowered, where appropriate, to initiate management action to contain the potential risk levels within the approved risk appetite to ensure discipline in the risk management process of the institution.

Safeguard Responsibilities:

Establish a safeguarding culture across all levels of the program by implementing the safeguarding policy. Act as a key source of support, guidance, and expertise on safeguarding for establishing a safe working environment.
Responsible to ensure team members are appropriately trained, and supported and have access to resources regarding issues that are identified and actioned in accordance with the safeguarding policy and procedure.
Follow the safeguarding reporting procedure in case any reportable incident takes place and encourage others to do so.

Required Competencies:

Analytical skills and solid understanding of financial markets and instruments,
Ability to assess the financial implications of various risk scenarios
Experience in utilizing data analytics and technology to enhance risk management processes.
Strong understanding of relevant regulatory frameworks and compliance requirements.
Strong communication, risk management and audit skills
Excellent interpersonal and people management skills
Excellent written and verbal communication skills
Organization and planning skills
Proactive and independent
Report writing skills

Experience and Educational Requirements:

A bachelor’s degree with a concentration in Finance, Risk Management, Economics, Banking, Business Administration, Accounting or Law.
5+ years working experience in similar role
Professional certification in the field is a plus.

Employment type: Regular

Salary: Negotiable

Job Location: Accra, Ghana

If you feel you are the right match for the above-mentioned position, please follow the application instructions accordingly:

External candidates need to email their CV with a letter of interest mentioning educational grades, years of experience at career.bgsl@brac.net

Internal candidates need to apply with their latest CV including all job assignments in detail with BRAC PIN and email to internal.bi@brac.net

Please mention the name of the position and AD# BI 66/23 in the subject bar.

Only complete applications will be accepted and short-listed candidates will be contacted.

Application deadline: 28 November 2023

BRAC is committed to safeguarding children, young people and adults, and expects all employees and volunteers to share the same commitment. We believe every stakeholder and every member of the communities we work with has the right to be protected from all forms of harm, abuse, neglect, harassment, and exploitation – regardless of age, race, religion, and gender, status as an individual with a disability or ethnic origin. Therefore, our recruitment policy and procedure include extensive background checks and disclosure of criminal records in order to ensure safeguarding to the fullest extent.

BRAC is an equal opportunities employer