Ikonwork

Information Technology

Kingston, Kingston, Jamaica

Vice President- Risk Management

  • Ikonwork
  • Permanent
  • New Kingston, Saint Andrew, Jamaica

About Company

IKONWORK is Jamaica's first social media & networking platform that aims to connect job-seekers to the head-hunting community, using our AI-powered, tailored, and result-oriented solutions. Our focus ... Read more

Job Description/Responsibilities

Our client is seeking a dynamic and experienced Vice President, Risk Management to lead the development and management of advanced risk models and analytics for financial risk oversight. This senior leadership role will play a pivotal part in ensuring the organization’s risk parameters are robustly designed, accurately measured, and effectively monitored across market, liquidity, and credit risk domains. The ideal candidate will have a proven track record in risk management, financial analytics, and model development, combined with exceptional leadership and technical skills. Key Responsibilities: Risk Model Development & Management: • Develop and maintain tools for measuring market, liquidity, and credit risks, including off-balance sheet exposures. • Design and manage credit risk rating and decision models. • Oversee the Group’s Expected Credit Loss models and ensure ongoing adequacy. Data Analytics & System Implementation: • Manage data analytics to support credit and financial risk analysis. • Lead model validation processes and ensure accurate parameter specifications for risk system implementations. • Ensure systems efficiently capture and store key data for effective risk monitoring. Policy & Governance: • Maintain and update Financial Risk Policies to align with evolving regulatory and operational needs. • Ensure compliance with relevant regulatory requirements and internal policies. Insights & Reporting: • Use data and risk management processes to provide actionable insights to business units. • Oversee tools and databases supporting risk report production and ensure their effective management. • Prepare ad hoc risk analyses and develop reporting mechanisms for management committees and boards. Team Leadership & Development: • Build and strengthen the team through cross-training, skill development, and mentoring initiatives. • Foster a high-performance, collaborative team culture.

Job Requirements

Qualifications & Experience: • Master’s Degree in Economics, Finance, or a related discipline. • Professional designation such as CFA or FRM (or equivalent). • At least seven (7) years of experience in risk management. • A minimum of five (5) years in a leadership or managerial role. • Strong knowledge of investment products, financial markets, and risk management principles. • Expertise in regulatory frameworks governing financial institutions (e.g., BOJ, FSC). • Advanced proficiency in data science, Microsoft Excel, and other relevant tools. Key Competencies: • Exceptional analytical and problem-solving skills. • Strong communication and interpersonal abilities to effectively convey analytical outputs. • High levels of initiative, curiosity, and commitment to continuous learning. • Ability to work effectively under pressure and in a team-oriented environment. • Demonstrated ability to maintain strong relationships with internal and external stakeholders. Performance Expectations: • Drive continuous improvement in risk management capabilities. • Ensure robust governance and integrity of risk reporting and analysis processes. • Maintain effective partnerships with internal teams and contribute to strategic decision-making. This is a unique opportunity to lead the risk management strategy for a forward-thinking organization. If you are a results-driven professional with a passion for risk management and innovation, we encourage you to explore this role.

Skills

  • Analysis
  • Communication
  • Continuous Improvement
  • Development
  • Leadership
  • Management
  • Managerial
  • Mentoring
  • Production
  • Tools
Job Details

Industry

Banking, Finance and Insurance

Experience Level

Executive (VP+)

Education

Master's/Post Graduation - Strategy & Business Economics

Master's/Post Graduation - Finance Management

Location(s)

New Kingston, Saint Andrew, Jamaica

Vacancies

1