Head of Risk Management Department

Head of Risk Management Department

• Required work experience: 3-6 years;
• Full-time.

Uzbekistan Mortgage Refinancing Company is a non-bank financial organization that provides commercial banks with long-term financial resources for mortgage loans.

Currently, the company cooperates with more than 10 banks in Uzbekistan and, in partnership with ADB (Asian Development Bank) and IFC (International Finance Corporation), has refinanced mortgage funds in the amount of more than $300 million (USD).

Our mission:

• Providing long-term financial resources to commercial banks to meet the growing need of the population for affordable housing;
• Increasing the availability of mortgage loans;
• Development of the primary and secondary mortgage market;
• Implementation of global standards of mortgage lending.

Our main industry areas are:

• Refinancing of mortgage loans;
• Issue of bonds and development of the securities market of Uzbekistan;
• The company consists of 30+ international financial sector specialists.

Our employees are provided with a number of benefits for working in our company:

• Reimbursement of training and advanced training;
• Reimbursement of the sports complex;
• Voluntary medical insurance policy;
• In addition, an open space office with 24/7 access to the IBC (International Business Centre) is provided with everything necessary for effective work.

Responsibilities:

• General management of the department's activities;
• Planning the department's activities, monitoring the performance of employees;
• Development, implementation, operation and support of the risk management system;
• Development of a risk management strategy;
• Development and development of a methodological and internal regulatory framework for the risk management system, including regulating the policy, methods and procedures for risk management;
• Improvement of the methodology, updating of key risk indicators, risk level limits;
• Analysis of the Company's activities for the effectiveness of banking risk management, preparation and submission of proposals for its improvement;
• Informing the Supervisory Board, the Risk Management Committee and the Executive Body on risk issues when making strategic decisions;
• Submitting proposals to the Council, the Risk Management Committee and the Executive Body on the necessary measures to mitigate the impact of risks (in terms of each type) on the financial position, capital and liquidity, including initiating the establishment of risk limits and/or revising their values;
• Providing consolidated and detailed risk reports in accordance with the risk appetite;
• Ensuring the implementation of processes, tools and systems for identifying, measuring, monitoring and reporting risks;
• Effective coordination between structural divisions on risk assessment and risk mitigation plans;
• Organizing the work of the risk unit in accordance with the directives of the Risk Committee;
• Participation in the work of collegial management bodies within the scope of authority;
• Planning and monitoring of events to improve risk management;
• Managing the calculation and forecasting of reserves to cover credit risk losses (both in accordance with IFRS-9 and local standards);
• Managing key internal and external relationships;
• Working with materials of inspections and investigations conducted by the Central Bank of the Republic of Uzbekistan and other regulatory authorities.

Requirements:

• Higher education (economic and/or mathematical);
• Experience in managerial positions in risk management of banks for at least 3 years;
• Knowledge of banking and financial legislation of the Republic of Uzbekistan;
• Practical competencies in various aspects of CRM, ALM, lending, ICS;
• Availability of professional certificates;
• Knowledge of the legislation of the Republic of Uzbekistan, regulatory acts of the Central Bank of the Republic of Uzbekistan, as well as the legislation of the Republic of Uzbekistan on the rights of bank clients;
• Possession of a sufficient amount of knowledge of the KZPS and their practical application in the activities of the bank, the requirements of the Basel Committee, recommendations on corporate governance of banks;
• Knowledge of accounting rules;
• Team management skills;
• Leadership qualities, sociability;
• Excellent presentation skills;
• Fluency in English and Russian;
• Computer literacy;
• Exceptional integrity.