|
Ad title:
Chief Risk Officer
|
| Provided By:
Pension Fund of Georgia
|
|
Published: 23 May
/ Deadline: 15 June
|
LEPL Pension Fund of Georgia is pleased to announce an opening for the position of Chief Risk Officer.
Type of Competition: Other
Category: Management
Application Deadline: 15 June
Monthly Salary: 15, 000-22, 000 GEL (Gross)
Number of Vacancies: 1
Employment Type: Full-time
Work Location: Tbilisi, Georgia
The Legal Entity of Public Law (LEPL) Pension Fund of Georgia is an independent legal entity established under the Law of Georgia on Funding Pensions. It is responsible for the implementation, management, and administration of the Funding Pension Scheme. The Pension Fund holds special functions. Persons performing these special functions must ensure their effective execution in accordance with the principles of objectivity, fairness, and independence. The special functions include a) Investment function b) Risk management Function c) Internal Audit Function
The executive body of the Pension Fund consists of 1) The General Director of the Pension Fund; 2) The Chief Investment Officer; 3) The Chief Risk Officer; 4) The Chief Internal Auditor.
The risk management function is a specialized function that must be effective and properly integrated into the organizational structure and decision-making process of the Pension Fund. For this purpose, the Pension Fund adopts appropriate strategies, processes, and reporting procedures necessary for the identification, assessment, monitoring, management, and regular reporting of risks at both individual and aggregate levels.
The risk management function must, at a minimum, cover the following risk areas: asset and liability management, investments, liquidity and concentration risk management, operational risk management, and risk mitigation techniques.
The Chief Risk Officer, in accordance with the law and the Charter of the Pension Fund, and within the scope of the powers delegated by the Risk Committee, leads the risk management activities of the Pension Fund and performs the related functions.
Responsibilities of the Executive Director of the Pension Fund of Georgia - Chief Risk Officer, which include but are not limited to:
** Management of the Risk Management Department.
** The management of investment and operational risks, compliance control, and the development and implementation of risk policies.
** Develops the structure and charter of the Risk Management Department of the Pension Fund in consultation with the General Director and the Risk Committee.
The Chief Risk Officer is accountable for managing risks related to the Pension Fund`s operations, which includes but is not limited to:
** In coordination with the General Director, the Governing Board, and the Risk Committee, ensures the effective implementation and continuous development of the risk management function of the Pension Fund. This includes the improvement of systems and processes for risk identification, quantitative measurement, control, and reporting, to ensure that the Pension Fund`s risk management capabilities are robust and effective in supporting risk-taking functions.
** Conducting regular monitoring of the compliance of the Pension Fund`s operational activities.
** Review and evaluate the information security policies, procedures, and rules developed by the Information Technology Department and monitor their implementation.
** Participating in the development of the risk management framework.
** Ensuring the development and implementation of adequate internal control mechanisms and processes within the Risk Management Department.
Requirements:
** Higher education in one of the following fields/specializations: Economics, Finance, Banking, Business Administration, Audit, Accounting, Law, Information Technology, Quantitative Methods, or another relevant field.
** At least 5 years of practical and professional experience in a Managerial position.
In assessing experience, due consideration should be given to both theoretical and practical expertise in the following areas, considering the statutory functions assigned to the Chief Risk Officer:
** Management of pension or investment fund assets.
** Banking sector and financial markets.
** Strategic planning, pension fund business strategy, and business planning.
** Audit and accounting.
** Corporate governance, risk management, supervision and control assurance.
** Interpretation and analysis of financial information
The following factors will also be taken into consideration:
** Managerial positions previously held and their hierarchical level.
** Duration of holding a managerial position in the past.
** The nature, complexity, and organizational structure of the organization where the individual held a Managerial position.
** The competencies and responsibilities associated with the previous Managerial roles.
** The sector-specific knowledge acquired through the positions held.
** The number of subordinates managed.
The candidate should possess the following skills and abilities:
** Decision-making ability.
** Leadership.
** Negotiation skills.
** Teamwork.
** Strategic thinking.
Additional requirements:
** The Chief Risk Officer must be a citizen of Georgia and a resident of Georgia in accordance with the procedures defined by the Georgian Tax Code.
** The candidate is required to have an advanced level of proficiency in office software applications (MS Office Word, Outlook, PowerPoint, Excel).
** The candidate must have full proficiency in the Georgian language and English.
Additional Information:
** The Chief Risk Officer is appointed for a term of 5 years.
** During the Selection of the Chief Risk Officer, the suitability of the candidate must be evaluated in accordance with the "Regulatory Rules of the Activity of the Legal Entity of Public Law -Pension Fund of Georgia, " approved by Order No. N51/04 of the President of the National Bank of Georgia dated February 28, 2025. This Order is publicly accessible on the website of the Legislative Herald of Georgia at the following link: https://www.matsne.gov.ge/ka/document/view/6430669?publication=0
** A person who has a criminal record or has been declared bankrupt in any country shall not be appointed as Chief Risk Officer.
** The Chief Risk Officer is subject to the obligations established by the Law of Georgia on "The Fight Against Corruption". The Chief Risk Officer is required to submit an Asset declaration in accordance with Georgian legislation.
** The position includes an annual bonus, which will be calculated based on key performance indicators and annual salary.
To participate in the competition, candidates must submit the following documents:
** Applicants must submit the following documents to HR@pensions.ge
** Curriculum Vitae (CV) detailing the candidate`s education and work experience, including exact periods of employment and detailed descriptions. The CV must also include contact information for two professional referees.
** A motivation letter outlining the candidate`s strengths and suitability in relation to the requirements specified in this announcement (not obligatory).
** Copies of documents verifying the candidate`s relevant higher education and qualifications.
** Any other documents (certificates, licenses, etc.) that confirm the candidate`s qualifications.
** The email subject line must clearly indicate the full title of the vacant position.
** Candidates whose information does not meet the key formal requirements set out in the Announcement of the vacant position and/or who fail to submit the mandatory documents will be disqualified following the initial screening stage and will not proceed further in the competition.
Competition Stages:
The competition may consist of the following stages:
** Application screening.
** Interview.
** Suitability verification.
Regulatory framework, which includes but is not limited to:
** The Law of Georgia on Funding Pensions.
** The Law of Georgia on Legal Entities of Public Law.
** The Organic Law of Georgia on the Labor Code of Georgia.
** The Law of Georgia on the fight against Corruption.
** Order No. N51/04 dated February 28, 2025, of the President of the National Bank of Georgia, "On Approval of the Regulatory Rules of the Activity of the Legal Entity of Public Law -Pension Fund of Georgia";
** Resolution No. 01 dated May 1, 2025, of the Chairman of the Governing Board of the Legal Entity of Public Law -Pension Fund of Georgia, "On Approval of the Charter of the Legal Entity of Public Law -Pension Fund of Georgia."
Personal Data Protection Statement
Candidates` personal data will be processed in compliance with applicable legislation. The CV and/or other application documents you submit may contain personal data, including special categories of personal data, which may be processed for the purpose of reviewing your candidacy (including evaluation of education, qualifications, and other professional skills) and making employment decisions. The legal basis for data processing is your consent (xpressed by responding to this vacancy).
At later stages, candidates may be requested to provide supporting documents verifying the information submitted. Information obtained during the recruitment process will not be disclosed by The Pension Fund of Georgia to third parties, except in cases prescribed by law.
By responding to this vacancy, you confirm that you have read this notification, agree to the processing of your personal data as described above, and certify that the information you have provided is accurate, complete, and up to date.
You have the right to access information about your processed personal data, request copies, and demand correction, updating, completion, blocking, cessation of processing, deletion, and/or destruction of such data. For information regarding personal data protection, you may contact the Data Protection Officer of the Pension Fund of Georgia by email at: pdp@pensions.ge.
Decision-making procedure:
Based on the results of the competition, the decision to select the best candidate is made by the Governing Board of the Legal Entity of Public Law -Pension Fund of Georgia, and the appointment to the position is carried out in agreement with the National Bank of Georgia.
|
|
|
|
All Jobs
All Ads by this Client
Printer Friendly
Share on facebook