Job Vacancy For Risk Officer

• Consult with relevant units to determine, quantify, and mitigate risks involved in establishing and maintaining various client and industry relationships
• Responsible for assessing metrics and monitoring procedures the organization has set to police transactional risks
• Responsible for granting authorizations, line increase and decreases, payment floats, and account closures
• Responsible for the maintenance of customer credit history database
• Track the performance of portfolios across customer lifecycle
• Consult with management to provide assistance in corporate planning
• Utilize analytical techniques and statistical analysis to develop and optimize credit risk strategies for portfolios to meet pre-defined goals
• Apply segmentation techniques using generic and custom risk scorecards and attributes to build credit risk strategies for underwriting, line assignment, and account management
• Ensure strategies are within the company's Risk Appetite and satisfy pre-defined profitability hurdles
• Responsible for integrating new data sources and solutions into credit risk strategies
• Perform tracking and reporting on strategy implementations and validating post implementation
• Proactively seek and recommend enhancements to processes and development
• Responsible for developing new quantitatively driven strategies and pilot programs across the customer lifecycle
• Reviewing loss experience to identify emerging risk trends or changes in customer behavior that could result in increased claims costs
• Developing and updating company policies regarding fraud prevention, data security, and other areas of risk management
• Monitoring insurance coverage to ensure that it is adequate for any potential losses that may occur
• Identifying risks that could have a negative impact on the organization's operations or financial standing
• Recommending new insurance coverage or adjusting existing coverage to meet new requirements
• Developing and maintaining relationships with insurance carriers to obtain competitive rates on insurance policies
• Ensuring that all necessary insurance coverage is in place for all possible risks or exposures that could lead to a loss
• Evaluating the effectiveness of risk management programs and recommending changes as necessary
• Calculating insurance premiums based on risk exposure

• Candidate must possess a relevant Bachelor's & Master's Degree in Risk Management, Auditing, Accounting, Finance, Commerce, Statistics or Insurance with a minimum of three (3) years working experience in Enterprise Risk Management.

• Communication skills
• Organizational skills
• Interpersonal skills
• Team-work skills
• Presentation skills
• Analytical and problem-solving skills
• Information Technology skills
• Project management skills
• Sound judgement

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