Risk Officer

Job description

Since inception in 1997, RF Group has been committed to helping clients create and manage wealth. We are your local private bank connecting Bahamians with the best in local and international investments. The Risk Officer is responsible for identifying, assessing, monitoring, and mitigating risks across the Group’s operations in The Bahamas, Barbados, and the Cayman Islands. The role supports the Regional Manager, Risk, in carrying out their duties and assists in the effective implementation of the Group’s risk management framework. The Risk Officer ensures the Group operates within its approved risk appetite, remains compliant with all applicable regulatory requirements, and supports strategic and business decision-making while safeguarding the Group’s financial soundness and reputation. Main Duties and Responsibilities: Identify, assess, and evaluate all potential risks that impact the Group’s objectives, operations and financial position across all jurisdictions. Maintain and update the enterprise risk register and risk taxonomy. Support the development and periodic review of the Risk Appetite Statement. Conduct risk assessments, stress testing, and scenario analysis. Recommend and monitor risk mitigation strategies and control enhancements. Track residual risks and escalate material risk exposures as required. Ensure compliance with applicable banking laws, prudential guidelines, and regulatory expectations issued by the relevant regulatory authorities. Monitor regulatory developments and assess their impact on the Bank. Support regulatory examinations, audits, and remediation activities. Prepare risk reports and dashboards for senior management, risk committees, and the Board. Provide clear and timely escalation of significant and emerging risks. Partner with business units to embed risk management into products, processes, and strategic initiatives. Review new products and initiatives to ensure risks are identified and appropriately controlled. Promote a strong risk culture and provide guidance on risk management practices. Deliver risk awareness training across the Bank’s regional operations. Requirements/Qualifications: Bachelor’s degree in Risk Management, Finance, Accounting, Business Administration, or a related field. Professional certifications (FRM, PRM, CRM, CPA, CFA) are desirable. Minimum of 5 -10 years’ experience (out of which a minimum of 3 years relevant experience in banking, risk management, compliance, or a related control function). Strong analytical, problem-solving, and data interpretation skills. Excellent written and verbal communication skills. Proficient in MS-Excel Ability to manage multiple priorities and work effectively across jurisdictions. A competitive compensation package will commensurate with relevant experience and qualifications. RF Bank & Trust (Bahamas) Limited appreciates your interest. However, only those applications shortlisted will be contacted. Internal Candidates are given preferential consideration for all vacant positions.