Head Of Risk Management

MAJOR ACTIVITIES
1. Department management responsibilities
• Lead the workforce planning, organizational structure and resource allocation within the Department.
• Direct, prioritize and oversee the Department's action plan, ensuring timely execution and quality of responsibilities and achievement of approved/ assigned KPIs.
• Provide training and professional guidance to personnel under the assigned area of expertise.
• Lead the development, review and continuous enhancement of the Department's governance and operating model to enhance operational effectiveness.
2. Functional responsibilities
2.1. Risk Governance
• Lead the establishment, continuous review and enhancement of the Company's Enterprise Risk Management Framework (including risk governance model following Three lines of defense), in alignment with applicable regulatory requirements and VPBank Group risk management principles/ standards.
• Lead the development, review and update of the Company's risk management documents, including risk management framework policies, regulations, processes, guidelines, risk appetite/ limits (including early warning thresholds).
• Coordinate with the Group Risk functions to implement Group risk governance requirements and ensure consistency in risk management practices across the Group while considering the Company's business model and regulatory obligations.
• Promote a strong risk culture by embedding sound risk governance principles and practices across the Company.
2.2. Risk Assessment & Advisory
• Lead the development, review and enhancement of methodologies, standards and tools for identifying, assessing and measuring material risks across the Company's business activities.
• Lead the development and maintenance of risk assessment and measurement tools, including risk models, scenario analysis, stress testing methodologies, Key Risk Indicators (KRIs), risk limits and early warning mechanisms.
• Lead independent risk assessments of business strategies, investment proposals, new products, material transactions, and exception requests, and provide independent recommendations to support informed decision-making of the BOD and the CEO.
• Lead thematic, ad-hoc and emerging risk assessments as required to identify evolving risk exposures and recommend appropriate risk treatment, control enhancements and risk acceptance decisions.
2.3. Risk oversight, monitoring & reporting
• Lead an independent oversight of material risks arising from the Company's business activities and ensure that the Company's risk profile remains within the approved risk appetite/ limits.
• Independently oversee the material risk exposures (associated with proprietary trading, margin lending, bond investments and other key business activities) and utilization of risk appetite and limits, and significant risk events, and assess their impact on the Company's risk profile.
• Monitor market developments, macroeconomic conditions, regulatory changes and emerging risks, and assess their potential impact on the Company's risk profile.
• Ensure timely escalation and reporting of material risks, risk events and breaches to the BOD and the CEO at VPBankS and relevant governance bodies at VBank Group level.
• Oversee the implementation and periodically assess the effectiveness of the Company's risk management framework, governance arrangements and risk management processes, and recommend enhancements to the Board of Directors where necessary.