Head of Operational Risk, Head of Credit Risk (2 positions)
- November 09, 2009
The incumbents will manage the existing framework which includes tools such as control self assessments, key risk indicators, operational loss database and operational risk scorecards under operational risk and, obligor and facility grading, credit portfolio analysis, PD/ LGD computation, measurement of haircuts for credit risk mitigation etc. under credit risk. They will also be required to improve and strengthen the available controls and tools. The bank is looking towards establishing advanced measurement approaches for quantifying the economic capital for these risks and hence the incumbent would need appropriate knowledge of quantification tools as well as proven prior experience in implementing such methodologies.
The heads of operational risk and credit risk report to the Deputy Head of Risk Management Division and they would need to have at least 5 years of functional experience within the respective risk areas and an overall banking / financial services experience of at least 10 years.
In general, extensive working knowledge of Basel II and other BIS guidelines, contemporary risk measurement and management tools and general banking / financial service practices is essential. The positions require graduates with additional suitable education including MBA, CFA, Chartered Accountant etc. Appropriate risk management certification is also preferable. The Bank places a high premium on self-motivated and enterprising people who are capable of innovative thinking and driving new initiatives
