Head of Investment Risk Management Division (HoIRMD)

Job Description

Title: Head of Investment Risk Management Division (HoIRMD)

Company Name: Al-Arafah Islami Bank PLC

Vacancy: 1

Age: Na

Job Location: Dhaka

Salary: Negotiable

Experience:

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

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

• At least 15 years of experience in Credit or Investment Risk management or Risk Management Division, compliance, or related fields within the financial services industry;

• Significant experience in a senior leadership role, preferably within a large financial institution;

• Strong understanding of investment profile and investment risk management principles;

• Proven ability to lead and mentor cross-functional teams.

Knowledge:

• Investment Risk Management;

• Islamic Risk and compliance management;

• Islamic Regulatory Framework of the country;

• Experience in policy development and Institutional Risk structuring.

Interpersonal Skills:

• Excellent Communication and leadership skills;

• Strong self-motivation and drive;

• Planning and organizing;

• Adapting and responding to change.

Job Grade: Senior Executive Vice President (SEVP)

The Head of Investment Risk Management Division (HoIRMD) will be responsible for overseeing and managing the bank`s entire investment risk portfolio. The HoIRMD ensures that all investment proposals from business units are thoroughly reviewed, analyzed and summarized before submission to the top management. This role involves leadership in developing, implementing, and maintaining risk policies and procedures to protect the bank from investment risk, while balancing the need for business growth. The HoIRMD leads a team that prepares investment assessments and provides recommendations on lending decisions. 

Key Responsibilities: 

1.   Investment Proposal Review and Approval:

• Lead the review, analysis, and approval of all investment proposals submitted by business units before they are presented to the Senior Management/Board of Directors;

• Recheck and verify the accuracy of financial models, client assessments, and the overall risk profile of the proposed transactions;

• Summarize key findings and recommendations for the board in a clear and concise manner, ensuring that all risks and mitigants are highlighted.

2.   Risk Policy and Framework Development:

• Develop and implement the bank’s investment risk management policies, procedures, and frameworks, ensuring compliance with regulatory requirements and industry best practices;

• Ensure that investment risk policies support business growth while maintaining a robust risk management culture;

• Regularly update the investment risk management framework to adapt to changing market conditions and emerging risks.

3.   Credit Portfolio Monitoring:·        

• Oversee the monitoring of the bank’s investment portfolio to ensure that loans and exposures are performing within acceptable risk parameters;

• Implement risk mitigation strategies and early warning systems to identify and address potential problem loans.

4.   Team Leadership and Development:

• Lead, mentor, and manage a team of investment analysts and risk officers, ensuring they are equipped to perform thorough investment assessments;

• Provide training and development opportunities to ensure the team stays updated on investment risk management best practices and regulatory changes.

5.   Risk Reporting and Communication:

• Prepare detailed investment risk reports for senior management and the Board of Directors, highlighting the current risk profile, emerging risks, and any areas of concern;

• Communicate investment risk management updates and decisions to relevant stakeholders, including senior executives, board members, and regulatory bodies.

6.   Collaboration with Business Units:

• Work closely with the business units (corporate, SME, retail banking) to assess investment applications, ensuring they align with the bank’s risk profile and long-term goals;

• Collaborate with business units & other departments to develop strategies that balance risk management with business development.

7.   Regulatory Compliance and Audits:

• Ensure that all investment decisions comply with internal policies, regulatory requirements, and external audit standards, acting as the primary point of contact;

• Respond to regulatory inquiries and ensure timely implementation of any corrective actions or recommendations.