Chief Risk Officer

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First
Basic information
Job role
Risk Management
Career level
Director (10-20 years)
Keywords
Chief Risk Officer - Risk Management - Banking
People
Second
Description
  • Set and maintain the bank’s risk strategy, policies, and governance framework.
  • Ensure effective risk identification, monitoring, and reporting.
  • Ensure compliance with CBE risk regulations, reporting standards, and supervisory guideline.
  • Manage risk appetite, internal controls, and Board risk reporting.
  • Oversee credit, market, liquidity, and operational risk frameworks.
  • Lead stress testing, incident management, and business continuity oversight.
  • Supervise technology, cyber, data protection, and outsourcing risks in coordination with relevant teams.
  • Maintain risk dashboards, key metrics, and insights for senior management and Board committees.
  • Support new product approvals, major initiatives, and strategic decisions through risk assessment.
  • Embed risk culture and awareness across all departments.
  • Lead and develop the risk management function and ensure strong team capability.
  • Oversee Compliance Risk Management, including Anti-Money Laundering (AML), Counter-Financing of Terrorism (CFT), and Sanctions compliance.
  • Establish and manage the Model Risk Management framework, overseeing the validation and governance of all internal models used for pricing, risk aggregation, and financial decisions (especially for AI/ML models).
  • Ensure that product design and development incorporates Risk by Design principles from the initial concept stage.
  • Manage Third-Party Risk and conduct due diligence for strategic outsourcing and FinTech partnerships, aligning with CBE requirements.
Requirements
  • Bachelor’s/Master’s degree in Finance, Economics, Risk, or related field from a reputable university.
  • 12-15+ years of experience in enterprise risk management with banking or financial services.
  • Deep understanding of CBE regulatory frameworks, Basel standards, and digital banking risk requirements.
  • Experience managing credit, market, operational, technology, and cyber risks.
  • Demonstrated experience in AML/CFT compliance and governance within the Egyptian or regional financial sector.
  • Expertise in Model Risk Management and data governance, particularly concerning the use of AI/Machine Learning in digital lending or scoring models.
  • Strong experience integrating digital fraud management and authentication security into the operational risk framework.
  • Familiarity with regulatory reporting standards beyond Basel, such as those related to Data Protection and Consumer Protection in the digital banking context.
  • Strong analytical, decision-making, and stakeholder management skills.
  • Proven experience presenting to regulators, Board committees, and senior executives.
  • Certifications such as FRM, CRM, or CFA are an advantage.
Third
Company information
Industry
Banking
Area
New Cairo