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Chief Risk and Compliance Officer (CRCO) for a Digital Bank

Position: Chief Risk and Compliance Officer (CRCO)

Location: Mauritius

Company: WHBC

Department: Risk and Compliance

Reports to: Chief Executive Officer (CEO)

Type: Full-Time

Salary: Competitive, based on experience and qualifications

Job Overview

The Chief Risk and Compliance Officer (CRCO) will be responsible for overseeing and managing the risk and compliance functions of the digital bank. This role is critical in ensuring that the bank operates within the regulatory framework and maintains the highest standards of risk management. The CRCO will work closely with senior management and the board of directors to develop and implement risk management and compliance strategies that support the bank’s growth and sustainability.

Key Responsibilities

1. Risk Management
– Develop and implement comprehensive risk management policies and procedures.
– Identify, assess, and monitor the bank’s risk exposures, including credit, market, operational, and liquidity risks.
– Conduct regular risk assessments and stress testing to ensure the bank’s resilience to various risk scenarios.
– Ensure that risk management practices are aligned with the bank’s strategic goals and regulatory requirements.
– Provide regular risk reports to senior management and the board of directors.

2. Compliance Management
– Develop and oversee the implementation of the bank’s compliance program, ensuring adherence to all applicable laws and regulations.
– Monitor regulatory changes and update the bank’s policies and procedures accordingly.
– Conduct compliance training for employees and promote a culture of compliance within the organization.
– Perform regular compliance audits and investigations, and address any issues identified.
– Liaise with regulatory authorities and ensure timely and accurate reporting.

3. Leadership and Management
– Lead and manage the risk and compliance teams, providing guidance, mentorship, and support.
– Foster a strong risk and compliance culture within the bank.
– Collaborate with other departments to ensure that risk and compliance considerations are integrated into all business processes.
– Represent the bank in risk and compliance-related external forums and industry groups.

Qualifications

– Education:
– Bachelor’s degree in Finance, Business Administration, Law, or a related field.
– A master’s degree or professional certifications (e.g., CFA, FRM, CAMS) are highly desirable.

– Experience:
– Minimum of 10 years of experience in risk management and compliance, preferably within the banking or financial services industry.
– Proven track record of leading risk and compliance functions in a digital or fintech environment is a plus.
– In-depth knowledge of regulatory requirements and industry best practices.

– **Skills and Competencies:**
– Strong analytical and problem-solving skills.
– Excellent leadership and team management abilities.
– Exceptional communication and interpersonal skills.
– Ability to work effectively with senior management and board members.
– High level of integrity and ethical standards.

Application Process

Interested candidates are invited to submit their resume and a cover letter outlining their qualifications and experience. Please include “Chief Risk and Compliance Officer Application” in the subject line of your email.

Equal Opportunity Employer

WHBC is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

 

To apply for this job email your details to careers@wilsonharbors.com