NBP Karachi Job 2023 (Chief Risk Officer/Chief Risk Management)

Jobs Positions

National Bank of Pakistan NBP Karachi Job 2023 (Chief Risk Officer)

National Bank of Pakistan (NBP) in Karachi is seeking a qualified candidate for the position of Group Chief Risk Management Group / Chief Risk Officer (SEVP) in 2023. The bank aims to support the financial well-being of the nation and promote sustainable growth and inclusive development through its extensive network of branches, both locally and internationally. As one of Pakistan’s leading and largest banks, NBP plays a significant role in the country’s socioeconomic progress. The bank is committed to transforming into a future-fit, agile, and sustainable institution. In line with this strategic direction, NBP is searching for a talented, dedicated, and experienced professional to join their team in Karachi.

Age

The maximum age limit for applicants is 57 years as of the last date of application submission.

Educational/ Professional Qualification

Applicants must hold a minimum Master’s degree from a recognized local or international university, college, or institute, preferably in Business Administration, Accounting, Finance, or an equivalent field, as recognized by the Higher Education Commission (HEC).

Experience

Applicants should possess a minimum of 22 years of professional experience, with a specific focus on the financial sector. Among the total experience, a minimum of 10 years should be dedicated to working in the areas of credit and risk management.

Other Skills/Expertise/ Knowledge Required

• Candidates must possess extensive and in-depth knowledge of risk management and the business activities of financial institutions (FIs), accompanied by relevant competencies, qualifications, certifications, and technical skills.
• They should demonstrate a good understanding and knowledge of governance practices, internal control systems, and the ability to monitor risk management activities and programs, ensuring their effective implementation.
• Additionally, candidates should have knowledge of corporate governance requirements and be aware of internal audit and assurance practices.
• A solid understanding of risk management, risk finance, and risk control concepts, frameworks, and methods is also essential.

Outline of Main Duties/ Responsibilities

1. Supervising all risk functions within the bank, encompassing credit risk as well as enterprise-wide risks such as market and liquidity risk, operational risk, fraud, cross border risks, and others including legal and reputational risk.
2. Being a member of various committees chaired by the President/CEO of the bank, such as ALCO (Asset Liability Committee), Credit Committee, Enterprise Risk Committee, Equity Investment Committee, Management Committee, and others.
3. Actively participating in the process of establishing risk measures and limits for different business lines, monitoring their performance in relation to risk-taking and limit adherence, and overseeing the implementation progress.
4. Acting as the convener of the Board Risk Committee (BRC) and Enterprise Risk Committee (ERC) meetings in accordance with the Terms of Reference (TORs) and approved rules of business.
5. Identifying, developing, and reviewing the overall Risk Management policy, Internal Capital Adequacy Assessment Process (ICAPP), and the approved enterprise-wide risk governance framework.
6. Developing, facilitating, and implementing systems and procedures for risk identification, risk analysis, risk measurement, and risk management.
7. Supervising the establishment, monitoring, and reporting of key risk indicators across the entire bank.
8. Developing and implementing a policy framework for Information Security and Fraud Risk Management.
9. Facilitating the development of a risk appetite framework, including Risk-Adjusted Return on Capital (RAROC), capital allocation, and setting capital adequacy goals.
10. Collaborating with the Chief Financial Officer (CFO) to calculate and report the capital charge to the State Bank, and developing and implementing a roadmap for BASEL III+ compliance based on State Bank of Pakistan (SBP) guidelines, while establishing systems and models to quantify the bank’s risk profile.
11. Establishing an early warning and trigger system to detect breaches of the bank’s risk appetite and limits.
12. Overseeing the Credit Administration function of the bank.
13. Formulating and reviewing credit and risk policies and procedures, and communicating them with the approval of the Board of Directors (BoD) when necessary.
14. Supervising all risk management activities related to pursuing under-litigation or stuck-up accounts for recovery, in line with the bank’s policy.
15. Ensuring effective portfolio risk management across the entire bank.
16. Ensuring compliance with credit-related banking laws, regulations, banking instructions, and procedures, maintaining files and records, rectifying audit irregularities, and preventing their recurrence.

Assessment Interview(s)

Only candidates who strictly meet the above-mentioned basic eligibility criteria will be shortlisted and invited for panel interview(s).

Employment Type

The employment will be offered on a contractual basis for an initial period of three years, with the possibility of renewal at the discretion of the management. The selected candidate will be provided a compensation package and other benefits in accordance with the policies and rules of the bank.

How to Apply

1. Interested candidates are encouraged to visit the website www.sidathyder.com.pk/careers and apply online within 10 working days from the date of publication of this advertisement, following the provided instructions.
2. Please note that applications received after the specified due date will not be considered.
3. The bank does not provide any travel allowance (TA) or daily allowance (DA) for the interview process.
4. As an equal opportunity employer, we encourage women, minorities, and differently-abled persons to apply.

Job Advertisement