Chief Manager (Risk Management)

Job Overview

Job Title: Chief Manager – Risk Management Company: State Mortgage & Investment Bank (SMIB) Job Location: Colombo, Sri Lanka Job Category: Banking & Insurance, Management, Accounting & Finance, Government Jobs

The State Mortgage & Investment Bank (SMIB), Sri Lanka’s specialist housing finance bank, invites applications from suitably qualified and experienced professionals for the position of Chief Manager – Risk Management. The successful candidate will lead the bank’s risk management function, strengthen risk governance, and support sustainable profitability through effective identification, monitoring, and mitigation of financial and operational risks.

Position Details

• Position: Chief Manager – Risk Management

• Organisation: State Mortgage & Investment Bank (SMIB)

• Department: Risk Management

• Job Location: Colombo, Sri Lanka

• Maximum Age: 50 years, except for applicants already employed in a state-sector organisation

• Selection Method: Interview

• Application Closing Date: 25 October 2026

Company Overview

The State Mortgage & Investment Bank is a Sri Lankan banking institution specialising in housing finance. The bank provides financial solutions and aims to strengthen its operations, risk governance, and customer services while maintaining compliance with applicable banking regulations.

Qualifications & Experience

Applicants must meet one of the following qualification pathways specified in the advertisement:

• A Bachelor’s Degree in Economics, Statistics, Commerce, Mathematics, Business Administration, Management, Banking, Accountancy, or Law from a university recognised by the University Grants Commission (UGC), together with a Master’s Degree from a UGC-recognised university or an accepted professional risk management qualification such as GARP, PRMIA, CIMA-UK, ACCA-UK, or CFA.

• Associate Membership of GARP or PRMIA, or a qualification from CIMA-UK, ACCA-UK, or CFA, together with a Master’s Degree from a UGC-recognised university.

• Full/Fellow Membership of a recognised professional chartered institution in a field relevant to the position.

Experience requirements:

• Minimum of 10 years of managerial-level experience.

• At least five years of senior-level experience in risk management at a reputed bank, financial institution, or large-scale corporation.

Key Responsibilities

• Lead the bank’s overall risk management function.

• Establish and maintain an integrated risk management framework.

• Review and strengthen policies relating to credit risk, marketing risk, and operational risk.

• Promote a strong risk management culture throughout the organisation.

• Support bank profitability through effective risk identification and mitigation.

• Ensure compliance with Central Bank of Sri Lanka (CBSL) circulars, directions, and internal standards.

• Prepare and monitor risk mitigation action plans.

• Oversee risk reporting to the Bank Integrated Risk Management Committee (BIRMC).

• Support effective risk governance and regulatory compliance.

Required Skills

• Strong knowledge of banking and financial risk management.

• Expertise in credit risk and operational risk frameworks.

• Understanding of banking regulations and CBSL requirements.

• Strategic thinking and analytical decision-making skills.

• Leadership and managerial capabilities.

• Ability to develop and monitor risk mitigation strategies.

• Strong reporting, communication, and stakeholder management skills.

• High standards of integrity, accountability, and professional judgement.

Salary & Benefits

The advertised remuneration package includes:

• Salary scale: LKR 211,260 – 5,490 × 12 – 277,140 per month.

• Allowances: Bank-approved allowances, including a 10% allowance, cost-of-living allowance, and rent allowance.

• Approximate monthly gross salary: LKR 355,000.

How to Apply

Interested and qualified candidates should email their application with the following documents:

• Curriculum Vitae (CV).

• Copies of educational and professional certificates or transcripts.

• Names, addresses, and contact details of two professional, non-related referees.

Email: careers@smib.lk

Application Closing Date: 25 October 2026

Important Notes

• The maximum age limit is 50 years. This limit does not apply to applicants already employed in a state-sector organisation, as stated in the advertisement.

• Applicants must satisfy the relevant qualification pathway and experience requirements.

• Selection will be conducted through an interview.

• Applications will be treated confidentially.

• Canvassing will result in disqualification.

• The bank reserves the right to change, postpone, or cancel the recruitment process. The Board of Directors’ decision will be final and conclusive.