Risk Manager

Overview

Job Title :

Risk Manager Manager Reporting to :

MLRO Alternative Reporting :

CEO Department :

Compliance Location :

Pakistan Position Summary :

The Risk Manager will be responsible for developing, implementing, and overseeing risk management frameworks to identify, assess, and mitigate risks across ACE Money Transfer’s operations. This includes financial, operational, strategic, technological, and reputational risks. The Risk Manager will play a central role in embedding risk culture across the business, supporting new product and market risk assessments, conducting scenario analysis, and ensuring compliance with regulatory risk management standards. The role will also provide senior leadership with regular risk reporting, insights, and recommendations to ensure the company operates within its defined risk appetite. Job Responsibilities :

Risk Identification & Assessment

Lead risk identification processes across all business units. Maintain and update the corporate risk register, ensuring emerging risks are captured and evaluated. Conduct regular risk assessments for new products, markets, and strategic initiatives.

Risk Monitoring & Control

Oversee implementation of risk control measures and track their effectiveness. Monitor key risk indicators (KRIs) and ensure early warning systems are in place. Conduct stress testing and scenario analysis to assess the organization’s resilience.

Enterprise Risk Framework

Develop and maintain risk management frameworks, policies, and procedures. Ensure alignment of the risk management program with international standards (e.g., ISO 31000, COSO ERM). Support the integration of risk management practices into day-to-day operations.

Reporting & Governance

Prepare regular risk reports for the senior management, and the board. Highlight material risks, mitigation strategies, and required management actions. Support regulatory reporting requirements related to risk management.

Training & Awareness

Deliver training to staff on risk awareness and risk management practices. Promote a culture of proactive risk identification and accountability across departments.

Leadership & Coordination

Supervise and mentor risk analysts. Coordinate with compliance, fraud, internal audit, and operations to ensure risk oversight is comprehensive. Lead cross-functional risk workshops and risk assessments.

Qualifications and Skills :

Bachelor’s degree in Finance, Business, Risk Management, Economics, or a related field (Master’s or professional certification preferred, e.g., FRM, PRM, IRM). Minimum 7 years’ experience in risk management within financial services, payments, or remittance industry. Strong knowledge of enterprise and operational risk management frameworks. Experience with risk assessment tools, data analytics, and reporting systems. Excellent analytical, problem-solving, and decision-making skills. Strong communication and presentation skills, with ability to influence senior stakeholders. Ability to work independently and manage multiple priorities under tight deadlines. Proven leadership and team development skills.

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