Risk Manager

Deadline: 30 January 2022

Employment term: Permanent

Category: Banking/credit

Job type: Full time

Location: Yerevan

Job description:

- Analyze and report on existing and potential risks;

- Develop stress tests and scenario analysis, review and synthesize relevant research to aid in preparation of written action proposals, and present recommendations on appropriate topics to peers and management, including the ARMC and the Executive Administration;

- Develop recommendations on mitigation of Aregak UCO’s risks and present them to the ARMC and others within the organization as necessary;
- Work with others to develop innovative approaches to peer analysis and benchmarking using both internal data and market indicators; determine the adequacy of this risk management system for mitigating and controlling risk;
- Make ongoing improvements to the risk management systems needed to maintain its effectiveness; develop policy and procedures on risk management framework and as well asset/ liability management;
- Facilitate information sharing and maintain transparency throughout Aregak UCO. Organize and contribute to periodic discussions of existing and future risks; communicate the results to staff and coordinate follow-up activities; develop and maintain communication vehicles to disseminate information to the appropriate audiences;

- Process statistical data and provide estimates of probabilities of default (PD) and loss given default (LGD), as well as perform macro factor impact analysis in the loan loss provision management process;

- Participates in the process of product development by providing risk assessments for newly introduced loan products or existing products’ modifications;
- Serve as a resource to the ARMC and Board and other stakeholders with regard to future risk perspectives and potential impacts;
- Maintain strict confidence in compliance with applicable policies and procedures;
- Work with the Executive Administration, department heads and other Aregak UCO staff as needed to effectively perform the above described job responsibilities.

Job responsibilities

- Analyze and report on existing and potential risks;

- Develop stress tests and scenario analysis, review and synthesize relevant research to aid in preparation of written action proposals, and present recommendations on appropriate topics to peers and management, including the ARMC and the Executive Administration;

- Develop recommendations on mitigation of Aregak UCO’s risks and present them to the ARMC and others within the organization as necessary;
- Work with others to develop innovative approaches to peer analysis and benchmarking using both internal data and market indicators; determine the adequacy of this risk management system for mitigating and controlling risk;
- Make ongoing improvements to the risk management systems needed to maintain its effectiveness; develop policy and procedures on risk management framework and as well asset/ liability management;
- Facilitate information sharing and maintain transparency throughout Aregak UCO. Organize and contribute to periodic discussions of existing and future risks; communicate the results to staff and coordinate follow-up activities; develop and maintain communication vehicles to disseminate information to the appropriate audiences;

- Process statistical data and provide estimates of probabilities of default (PD) and loss given default (LGD), as well as perform macro factor impact analysis in the loan loss provision management process;

- Participates in the process of product development by providing risk assessments for newly introduced loan products or existing products’ modifications;
- Serve as a resource to the ARMC and Board and other stakeholders with regard to future risk perspectives and potential impacts;
- Maintain strict confidence in compliance with applicable policies and procedures;
- Work with the Executive Administration, department heads and other Aregak UCO staff as needed to effectively perform the above described job responsibilities.

Required qualifications

- Higher education (Economics, Finance, Mathematics, Management, Accounting/Auditing);
- Working knowledge of basic statistical tools is a must;

- 3+ years of experience in financial sector in risk management/audit/consulting or related fields;
- Knowledge of corporative, market, credit and operational risk management techniques in banks/ credit organizations;
- Ability to take decisions independently and work without direct supervision, as well as function in a multitask environment;
- Ability to prioritize work volume according to organization’s needs and as well as work under pressure and manage tight deadlines;
- Knowledge of English language (ability to read, write and speak, including preparing and presenting written/ oral reports to the RMC);
- Computer skills (Word and Excel). Additional computer techniques are a plus;
- Any qualification in the field of risk management is a plus.

Required candidate level: Not defined

Additional information

Аpply online via staff.am and follow entire application process.

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Benefits

Medical insurance
Teambuilding and corporate events
Local and online training package
"Baby born" package
Day off
Company performance-based bonuses
Special day-offs
Business trips
Personal Accident, Death & Illness Insurance

Contact details

Website http://www.aregak.am

Phone: +37460477577

Address: 4/6 Amiryan St, Yerevan, Armenia

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