Job Description

• Design, update, and maintain a BNM-aligned Recovery Plan, including governance structures, triggers, and actionable strategies to address financial distress.
• Ensure adherence to BNM’s Policy Document on Recovery Planning, including timelines for updates, scenario selection, and regulatory reporting.
• Ensure that the Recovery Plan remains relevant, updated, and effectively integrates with the bank’s overall risk management framework. 
• Conduct rigorous stress tests and scenario analyses (e.g., liquidity crises, market shocks) to evaluate recovery strategies.
•  Collaborate with relevant stakeholders (e.g., Finance, Banking Economics & Analytics, Business Units) to model impacts and ensure plan effectiveness.
• Monitor and track key financial and operational indicators that may necessitate recovery actions.
• Facilitate periodic drills or simulations to test the effectiveness of recovery strategies.
• Prepare reports and presentations for senior management and the Board Risk Committee on recovery planning initiatives. 
• Ensure alignment of the Recovery Plan with BNM's regulatory requirements and industry best practices.
• Address regulatory queries and recommendations, ensuring the organization remains fully compliant.
• Prepare and submit regulatory reports to BNM, ensuring transparency and compliance.
• Train and educate internal stakeholders on recovery planning concepts, requirements, and execution.
• Promote awareness of regulatory expectations and the importance of recovery preparedness across the organization.
• Act as the primary contact during regulatory audits, addressing inquiries and implementing corrective actions. 
• Continuously supervise and provide guidance to subordinates to ensure knowledge retention 

Job Requirements

• Bachelor’s degree in Finance, Economics, Risk Management, or related field.
• Professional certification e.g., Certification in Bank Risk Management by AICB, CB or related to risk management is an added advantage.
• Minimum five (5) years working of experience in financial institution, preferably in risk management. 
• Strong understanding on BNM Recovery Planning requirements, Basel regulatory requirements, ICAAP, and recovery resolution frameworks.
• Strong understanding in stress-testing tools, data analytics, and financial modeling.
• Strong understanding of the local and global financial services industry and market.
• Excellence in financial, business analytical and problem-solving skills. 

Skills