Senior Officer (Risk Management)

Jobsplus Permit Number 930/2026

Key Responsibilities

• Risk Framework and Policy

Support the CRO in the development, implementation, and periodic review of the Bank’s risk management framework, including the risk appetite statement, risk taxonomy, risk policies, and risk governance structures.

• Maintain the Bank’s enterprise risk management framework to mitigate the overall risk position and improve the risk profile of the Bank, collaborating closely with the CRO to plan, design, and implement the framework.
• Assist in the preparation and periodic update of the Bank’s Risk Appetite Statement, contributing risk data, analysis, and supporting documentation for review by the CRO and approval by Senior Management Committees and the Board of Directors.
• Develop, maintain, and periodically update the Bank’s risk policies and procedures, ensuring they reflect current best practice, applicable regulatory guidance, and the Bank’s risk profile and strategic objectives.
• Contribute to the embedding of risk management considerations in the Bank’s strategic planning, product development, and operational decision-making processes.
• Keep abreast of applicable directives, regulations, technical standards, and other rules governing development banks, ensuring their ongoing maintenance and implementation within the Bank’s risk framework, policies, methodologies and reporting obligations.
• Maintain the Bank’s risk register, ensuring that all material risks are properly identified, assessed, rated, and tracked, and that the register is kept accurate and up to date.
• Contribute to the periodic review of the Bank’s risk management methodology, including risk scoring and rating frameworks, escalation triggers, and risk appetite thresholds.
• Risk Monitoring and Reporting

Monitor the Bank’s risk profile on an ongoing basis across all material risk categories, including credit risk, market risk, liquidity risk, operational risk, concentration risk, and reputational risk, and escalate material risk developments, limit breaches, or emerging concerns to the CRO promptly.

• Prepare risk reports, risk dashboards, and risk committee papers, providing accurate, timely, and clearly presented risk data and analysis for submission to the Risk Committee, Audit Committee, Senior Management as required.
• Present risk dashboards to the Risk Committee on a quarterly basis and/or as required.
• Develop and maintain the Bank’s suite of risk reporting templates and monitoring frameworks, ensuring they remain fit for purpose and aligned with the Bank’s risk appetite and reporting obligations.
• Compile and update arrears and non-performing exposure reports, concentration risk analyses, and other portfolio risk summaries in coordination with the Credit function.
• Maintain a comprehensive record of all risk limit breaches, risk incidents, and near misses, tracking escalation actions and remediation measures.
• Coordinate with the Finance and the Credit functions to ensure that risk data inputs to financial reporting and regulatory submissions are accurate and delivered within agreed timelines.
• Develop and maintain the Bank’s stress testing methodology and framework, designing and executing stress test scenarios across credit, market, liquidity, and operational risk.
• Monitor the Bank’s capital ratios and liquidity metrics on an ongoing basis, alerting the CRO to any deterioration or emerging pressures relative to regulatory minima and internal risk appetite thresholds.
• Prepare the risk-related inputs to the Bank’s prudential regulatory returns, including MFIN, NSO and CBM reporting, in coordination with the Finance function.
• Support the CRO in managing the Bank’s Expected Credit Loss review cycle, coordinating inputs from across the organisation.
• Credit Risk and Operational Risk Management

Provide independent risk review and credit risk assessments for new and existing facilities/lending and guarantee exposures, conducting thorough analysis and evaluation to determine potential risk factors and appropriate mitigation strategies to ensure that risk appetite considerations are appropriately assessed and documented.

• Review and challenge credit risk models, assumptions and methodologies to enhance accuracy and predictive capabilities, collaborating with other members of the risk management team and/or external parties and drawing insights from data-driven analyses for use in credit assessment, portfolio monitoring, stress testing and IFRS 9-related inputs.
• Monitor the credit risk profile of the Bank’s lending and guarantee portfolio in parallel to the Credit function, tracking portfolio quality indicators, rating migrations, sectoral and single-name concentrations, and provisioning levels relative to approved risk appetite limits.
• Maintain and periodically review the Bank’s credit risk policies, ensuring they remain consistent with the approved risk appetite, applicable regulatory requirements, and IFRS 9.
• Assist the Finance function in the oversight of the IFRS 9 Expected Credit Loss (ECL) process, contributing risk inputs and macroeconomic scenario parameters.
• Develop and maintain the Bank’s operational risk management framework, including the operational risk event register, and collaborate to business continuity risk assessments.
• Monitor and report on operational risk events to the Operational Risk Committee and escalate material operational risks to the Board of Directors via the CRO.
• Data Collection and Analysis

Identify, analyse, describe, and estimate the risks affecting the business, with a particular focus on credit risk principles and problem-solving, and collaborate with team members to conduct risk assessments evaluating internal risks and the creditworthiness of prospective borrowers.

• Compare estimated risks with the Bank’s established criteria and carry out planned and ad hoc risk reviews to ensure that procedures remain relevant and that necessary controls are in place to limit the risk of excessive risk-taking and/or abuse.
• Represent the Risk and Compliance function on the Bank’s data warehouse working group, contributing to risk data standard and data quality requirements, risk data definitions, risk metric specifications, to ensure that the resulting content is accurate, consistent, and fit for use in regulatory reporting, stress testing, and management risk reporting.
• Participate in User Acceptance Testing (UAT) activities for new or enhanced risk management systems, regulatory reporting tools, and data warehouse capabilities, testing outputs against defined risk requirements, documenting defects, and communicating results.
• Develop, maintain, and continuously improve the Risk and Compliance function’s suite of risk reporting templates, data processing, and monitoring tools, working towards increased automation and data integration across risk reporting processes.
• Identify manual and repetitive risk data and reporting processes suitable for automation or system integration and work with the IT function and relevant parties to support their development and implementation.
• Monitor the outputs of risk reporting tools and automated data processes, identifying anomalies, data quality issues, or inconsistencies and resolving or escalating these promptly.
• ESG and Climate-Related Risk

Support the integration of ESG and climate-related financial risk considerations into the Bank’s risk management framework, contributing to the development of appropriate risk assessment methodologies for physical risk and transition risk exposures within the Bank’s lending and treasury portfolios.

• Assist in the preparation of the climate-related financial risk inputs to the Bank’s stress testing exercises, including the application of physical and transition risk scenarios to the Bank’s credit and treasury exposures.
• Monitor regulatory developments in ESG risk management, including applicable EBA guidelines on ESG risks, the EU Taxonomy Regulation, and evolving supervisory expectations, and advise the CRO on their implications for the Bank’s risk framework and reporting.
• Governance and Advisory

Support the CRO in preparing for Risk Committee, Audit Committee, and ALCO meetings, including the preparation of agenda items, background papers, and risk management updates.

• Actively interact with Senior Management and other functions to ensure a smooth and optimum development, implementation, and ongoing maintenance of the enterprise risk management framework within the Bank’s culture.
• Liaise with all Bank functions on risk-related matters, ensuring a coordinated approach to risk identification, measurement, and mitigation.
• Provide guidance and support to team members within the Risk Management and Compliance function in their daily activities and professional growth and participate actively in general management functions as may be necessary.
• Support the CRO in coordinating the Bank’s engagement with external auditors and other stakeholders (example: IMF, European Commission, CBM, NSO) on risk-related matters, providing data, analysis, and documentation as required.
• Maintain comprehensive and accurate risk management records, ensuring adherence to the Bank’s records management policy and applicable retention requirements.
• Perform other duties as required, consistent with the goals, objectives, and responsibilities of the Risk and Compliance function and as directed by the CRO.

Knowledge, Skills and Competencies

• Technical Knowledge

Strong knowledge of banking risk management frameworks and methodologies, including credit risk, market risk, liquidity risk, operational risk, concentration risk, and reputational risk, and their application in a development banking context.

• Good knowledge of credit risk assessment principles, with a focus on analytical skills and problem-solving; expert-level ability to identify and assess the creditworthiness of borrowers and evaluate risk associated with prospective borrowers’ businesses.
• Working knowledge of IFRS 9 provisioning, the Expected Credit Loss (ECL) model, staging criteria, and the role of risk inputs in the ECL calculation process.
• Understanding of data management principles, data warehouse concepts, and UAT methodologies, and their application in a risk management and regulatory reporting context.
• Proficiency in Microsoft Office suite and risk management and regulatory reporting tools.
• Expert-level proficiency in Microsoft Excel analysis tools, including complex formulae, lookups, data validation, pivot tables, dashboards, scenario analysis and analytical modelling; knowledge of VBA, R, Python, SQL or business intelligence tools would be considered an asset.
• Core Competencies

Analytical rigour – strong quantitative and analytical skills, with the ability to interpret complex risk data, build and validate risk models, and synthesise findings into clear, well-reasoned risk assessments and practical recommendations.

• Attention to detail – meticulous in the preparation of risk reports, regulatory submissions, and risk documentation; committed to accuracy and consistency across all risk data and reporting outputs.
• Communication – excellent written and verbal communication skills; able to present complex risk matters clearly and credibly to the Senior Management and non-risk colleagues.
• Initiative and continuous improvement – proactive and flexible; identifies risk reporting improvements, data quality enhancements, and automation opportunities; takes ownership of projects and drives them to completion; works well both in teams and on own initiative.
• Organisation and planning – ability to multi-task, meet strict deadlines, and produce high-quality work across a broad and varied risk workload with multiple concurrent reporting cycles.
• Integrity and independence – exercises objective and independent judgement in risk assessments; demonstrates the highest standards of professional conduct and ethical behaviour; and shows sound knowledge of financial industry practices, professional standards and ethical obligations.
• Collaboration – works constructively with colleagues across the Bank’s functions and engages effectively with external reporting counterparties, auditors, regulatory bodies, and external consultants.
• Continuous learning – committed to staying current with regulatory developments, risk management best practices, ESG risk frameworks, and data management standards.

Qualifications and Experience

• Essential

A recognised university degree (MQF Level 7 or higher) in Banking, Finance, Economics, Risk Management, Business Administration, or a related discipline coupled with a minimum of four (4) years of experience in the financial services sector, including at least one (1) year of experience in risk management.

• A recognised university degree (MQF Level 6 or higher) in Banking, Finance, Economics, Risk Management, Business Administration, or a related discipline coupled with a minimum of seven (7) years of experience in the financial services sector, including at least one (1) year of experience in risk management.
• Demonstrated experience in the preparation of stress testing, or capital and liquidity adequacy reporting in a regulated banking institution, Central Bank or Competent Authority in Banking Supervision or Financial Stability.
• Experience in credit risk monitoring, operational risk management, or regulatory reporting in a banking context.
• Desirable

Experience in User Acceptance Testing (UAT) for risk management or regulatory reporting systems.

• Working knowledge of ESG and climate-related financial risk assessment methodologies and applicable regulatory frameworks, including applicable EBA guidelines on ESG risks, the EU Taxonomy Regulation, physical and transition risk assessment methodologies, and Pillar 3 ESG disclosure requirements.
• Knowledge of prudential capital and liquidity adequacy requirements under the Capital Requirements Regulation (CRR) and Capital Requirements Directive (CRD), including the ICAAP, ILAAP, stress testing, and Pillar 2 risk quantification frameworks.
• Sound knowledge of COREP, FINREP, Pillar 3 disclosures, LCR/NSFR reporting, and other prudential supervisory reporting requirements applicable to a banking institution.

Data Protection

The MDB shall process information provided by candidates solely for the purpose of this vacancy. In the event of unsuccessful applications, the Bank may keep applicants’ personal data on file for a period up to six months following the date that the post applied for was filled. Applicants’ information will only be used to identify any future employment opportunities within the MDB for which applicants may be suited. Applicants are free to withdraw their application and their consent to the retention of their personal data at any time. For further information, please read the MDB’s Privacy Notice, which can be found on the Bank’s website.