Head of Retail Risk

Job Description

Title: Head of Retail Risk

Company Name: Standard Islami Bank PLC.

Vacancy: --

Age: 30 to 45 years

Job Location: Anywhere in Bangladesh

Salary: Negotiable

Experience:

• At least 8 years
• The applicants should have experience in the following business area(s): Banks

• Bachelor/Honors
• Masters

• Professional qualifications in Risk Management, CRM or Credit Analysis will be an added advantage.

• At least 8 years
• The applicants should have experience in the following business area(s): Banks

• Age 30 to 45 years

• No third class/division in any academic record.

• Professional certifications (e.g., FRM, PRM, CFA, DAIBB, Islamic Banking/Finance diploma) will be an added advantage.

• Minimum of 8 years of progressive experience at the VP to SVP level in Retail Risk or Credit Risk with any reputed commercial bank, with a focus on heading or leading the Retail Risk function.

• Senior-level banking professional with a proven track record in comprehensive Retail Risk management, with deep functional knowledge of retail credit policy, underwriting, portfolio monitoring and product risk assessment.

• Proven experience in retail product risk and program development, and in strategic coordination with Retail Banking, Business, Recovery, Shariah and Compliance teams.

• Strong analytical and quantitative capability with data interpretation skills, including portfolio analytics, scorecards and stress testing.

• In-depth knowledge of Bangladesh Bank regulations, CRM guidelines, Basel III and Shariah principles of Islamic banking.

• Proficiency in MS Office and in risk strategy and policy development.

• Excellent leadership, communication and stakeholder management skills.

• Lead the Retail Risk Management Department and set the overall risk strategy, appetite and policy framework for the retail investment portfolio (consumer finance, auto/home finance, personal finance, credit cards, SME-retail and other retail products).

• Develop, review and update retail investment policies, product programs (PPG) and risk acceptance criteria in line with Bangladesh Bank guidelines and Shariah principles (Bai-Muajjal, Murabaha, Hire Purchase under Shirkatul Melk, Musharaka, etc.).

• Oversee the investment risk assessment and approval process for retail proposals, ensuring sound underwriting standards and timely decisions.

• Monitor portfolio quality, concentration, delinquency, early warning signals and classification and provisioning status; report regularly to the CRO, Management Committee, Board Risk Management Committee and Bangladesh Bank.

• Design and implement risk-based pricing (profit rate) models, scorecards, credit scoring and portfolio analytics, with the support of data and automation.

• Develop and maintain an effective Internal Control and Compliance framework for retail investment operations, including documentation, security, disbursement and post-disbursement monitoring.

• Lead stress testing and scenario analysis for the retail portfolio and contribute to ICAAP / Risk Based Capital Adequacy requirements.

• Strengthen fraud risk management, including KYC, CDD and fraud detection measures for retail products, in coordination with the Compliance (CAMLCO) and ICC divisions.

• Ensure adherence to Bangladesh Bank’s Credit Risk Management (CRM) guidelines, Core Risk Management guidelines, and the Bank’s internal policies; address audit, inspection and regulatory findings promptly.

• Work closely with Retail Banking, Business, Shariah Supervisory, Legal, Recovery and IT teams to balance business growth with risk control.

• Build, mentor and manage a high-performing team; promote a strong risk culture across the Bank.

• Perform any other duties assigned by the management.

• Provident fund,Credit card,Mobile bill,Gratuity
• Festival Bonus: 2

• Boishakhi Bonus

• Furniture Allowance