Deputy Manager (Risk Management)

Deputy Manager (Risk Management) – LOLC Holdings PLC

Job Overview

LOLC Holdings PLC is seeking a suitable candidate for the position of Deputy Manager – Risk Management to provide reasonable assurance over the effectiveness and consistency of internal controls and risk management mechanisms adopted by process and risk owners within the LOLC Group’s finance sector.

The role focuses on credit risk assessment, portfolio monitoring, risk indicators, internal risk ratings, risk policies, NPL classification, and coordination with management on risk and audit findings.

Job Title: Deputy Manager – Risk Management
Company: LOLC Holdings PLC
Job Location: Colombo, Sri Lanka
Work Location: Rajagiriya
Industry: Financial Services
Employment Type: Full-Time

Position Details

• Position: Deputy Manager – Risk Management
• Department: Risk Management
• Job Location: Colombo, Sri Lanka
• Work Location: Rajagiriya
• Industry: Finance / Financial Services
• Experience Level: Management
• Job Categories: Banking & Insurance, Accounting & Finance, Management, Private Jobs

Company Overview

LOLC Holdings PLC is a Sri Lankan publicly listed financial services and diversified business group. The company has been operating since 1980, with its registered and head office located in Rajagiriya, Sri Lanka.

Qualifications & Experience

• Minimum 5 years of experience in a Risk Management function within the finance industry.
• A Degree in Finance or Accounting from a recognized university.
• Hands-on experience working with CBSL and other regulators.
• Experience in analysing financial records.
• Financial proficiency in using risk management tools and systems.
• Excellent written and oral communication skills in English.

Key Responsibilities

• Independently evaluate substantial credit proposals.
• Assess new lending products from a risk management perspective.
• Identify and review emerging credit risks and industries with elevated risk.
• Monitor product portfolios and product guidelines and recommend improvements.
• Monitor monthly Key Credit Risk Indicators and report them to the BIRMC.
• Validate internal risk ratings.
• Prepare periodic reports on the quality of credit portfolios based on internal ratings.
• Review credit risk management policies and credit risk strategy.
• Classify non-performing loans (NPLs) based on potential risk.
• Coordinate with management to take necessary action based on risk and audit findings.
• Provide reasonable assurance over the effectiveness and consistency of internal controls and risk management mechanisms.

Required Skills

• Strong credit risk assessment skills.
• Risk management expertise within the finance industry.
• Ability to analyse financial records and credit information.
• Knowledge of credit risk indicators and portfolio monitoring.
• Understanding of internal risk ratings and NPL classification.
• Knowledge of risk management tools and systems.
• Experience dealing with CBSL and other regulatory authorities.
• Strong written and verbal English communication skills.
• Analytical and decision-making abilities.
• Ability to coordinate effectively with management and other stakeholders.

Salary & Benefits

• Attractive remuneration package.
• Fringe benefits.
• Career development prospects.
• Opportunity to work in risk management within a diversified financial services group.

How to Apply

Interested candidates should forward their Curriculum Vitae along with a comprehensive covering letter and details of two non-related referees within 10 days of the advertisement.

Email: careers@lolc.com

Important Notes

• Minimum 5 years of Risk Management experience in the finance industry is required.
• A Degree in Finance or Accounting from a recognized university is required.
• Hands-on experience with CBSL and other regulators is expected.
• Applicants should submit their CV, covering letter, and details of two non-related referees.
• Applications should be submitted within 10 days of the advertisement.