Chief Risk Officer (CRO)

Job Description

Title: Chief Risk Officer (CRO)

Company Name: Al-Arafah Islami Bank PLC

Vacancy: --

Age: At most 55 years

Job Location: Dhaka

Salary: --

Experience:

• At least 15 years
• The applicants should have experience in the following business area(s): Banks

• Postgraduation or Master`s degree preferably in Economics, Finance or Business Administration from a recognized UGC approved university is mandatory. CFA, CMA, FRM, CPA, ACCA or MBA in Finance/Accounting/Banking/Management or relevant professional certifications will be an added advantage. No third class is acceptable in any academic result.

• At least 15 years
• The applicants should have experience in the following business area(s): Banks

• Age At most 55 years

• Minimum 15 years of banking experience with a mix of minimum 3 years` experience in senior risk management role, preferably as CRO, Deputy CRO or Head of IRM/CRM. Age

• Limit: Not exceeding 55 years as of the application deadline.

Al-Arafah Islami Bank PLC (AIBPLC), a leading Shariah-based Islamic financial institution in Bangladesh, has earned a distinguished reputation for its consistent growth, innovation, and commitment to delivering a wide spectrum of banking solutions. AIBPLC invites applications from suitably qualified, experienced and competent professionals for the position of Chief Risk Officer (CRO). The role is critical in strengthening the Bank`s risk governance framework and ensuring compliance with regulatory and Shariah requirements.

• Job Grade: SEVP - DMD

Core Responsibilities

• Develop, implement and oversee a comprehensive risk management framework that covers investment risk, market risk, operational risk and liquidity risk in compliance with both Shariah law and conventional banking guidelines.

• Review and analyze all significant credit proposals, ensuring they align with the bank`s risk tolerance by evaluating creditworthiness and structuring appropriate credit facilities, particularly focusing on Islamic banking products.

• Identify, assess, monitor and mitigate investment, market, liquidity, operational, Shariah and compliance risks.

• Ensure effective risk appetite framework, stress testing and risk reporting mechanisms.

• Advise the Board Risk Management Committee (BRMC) and Senior Management on risk-related matters.

• Ensure compliance with Bangladesh Bank regulations, Islamic banking risk management guidelines and internal policies.

• Coordinate with Shariah Supervisory Committee to ensure Shariah-compliant risk practices.

• Oversee Internal Capital Adequacy Assessment Process (ICAAP) and Basel-related risk requirements,

• Promote a strong risk-aware culture across the Bank.

• Liaise with regulators, auditors, and other stakeholders as required.

• Develop and maintain a Business Continuity Plan (BCP) and a Recovery Plan in case of a crisis, such as economic downturns of unexpected market shocks, ensuring the bank`s resilience.

• Ensure that the bank maintains adequate liquidity to meet financial obligations, especially in volatile market conditions which includes managing liquidity buffers, ensuring Shariah compliant liquidity solutions and assessing the bank`s funding position.