Deputy Manager – Risk Management

Role Description

The Deputy Manager – Risk Management is a full-time, on-site role based in Baghdad. This position is responsible for supporting the Head of Risk Management in implementing and monitoring BeePay’s risk management framework, identifying and assessing financial, technology, fraud, compliance, strategic, and other business risks.

The role involves monitoring Key Risk Indicators (KRIs), maintaining risk registers, analyzing risk incidents, preparing risk reports, and ensuring compliance with Central Bank of Iraq requirements. The Deputy Manager also supervises risk management staff, coordinates with relevant departments, and performs the duties of the Head of Risk Management in their absence, within delegated authority.

Qualifications

• Bachelor’s degree in Accounting, Business Administration, Economics, Finance, Banking, Law, or a related field.

• Minimum3 years of relevant experience in Risk Management, banking, financial institutions, or electronic payment companies.

• Professional certification in Risk Management, such asCertified Risk Manager (CRM), FRM, PRM, or an equivalent specialized certification, is preferred.

• Completion of at least75 hours of professional training in Risk Management.

• Good knowledge of regulatory requirements and instructions issued by the Central Bank of Iraq.

• Strong knowledge of Enterprise Risk Management (ERM), risk assessment methodologies, and risk mitigation strategies.

• Strong analytical, reporting, leadership, decision-making, and communication skills.

• Ability to work under pressure, manage multiple priorities, and maintain professional integrity.

Main Responsibilities and Duties

• Perform the duties of the Head of Risk Management in their absence, within the assigned authority.

• Support the implementation and monitoring of the company’s approved risk management framework, policies, and procedures.

• Supervise Risk Management staff, review their reports, and monitor departmental performance.

• Identify, assess, and monitor financial, technology, fraud, compliance, strategic, and other business risks.

• Maintain and regularly update the company’s Risk Register and follow up on risk mitigation actions.

• Collect, monitor, and analyze Key Risk Indicators (KRIs) and report significant risk exposures.

• Analyze risk incidents, identify root causes, assess potential impacts, and recommend corrective actions.

• Conduct risk assessments for new products, services, systems, and electronic payment activities.

• Contribute to preparing periodic risk reports for Senior Management and regulatory authorities.

• Monitor compliance with applicable Central Bank of Iraq risk management requirements.

• Support the identification and assessment of emerging risks and recommend appropriate mitigation measures.

• Follow up on Central Bank of Iraq requests, observations, and reporting requirements related to Risk Management.

• Coordinate with Compliance, AML, Fraud, Information Security, Operations, and Internal Audit on risk-related matters.

Key Performance Indicators (KPIs)

• Timely identification, assessment, and reporting of key risks.

• Accuracy and regular updates of the Risk Register and KRIs.

• Effectiveness of risk mitigation plans and corrective actions.

• Quality and timely submission of risk reports.

• Compliance with Central Bank of Iraq requirements and internal policies.

• Effective supervision and performance of Risk Management staff.