The CRO / Head of Risk is responsible for the overall risk control functions of Netbank. This will involve oversight of: Identifying the key risk exposures (e.g. market risk, liquidity risk, credit risk, technology risk, operational risk, compliance risk, etc.) and assessing and measuring the extent of risk exposures of the bank and its operations Monitoring the risk exposures and determining the corresponding capital requirement in accordance with the Basel capital adequacy framework and based on the bank's internal capital adequacy assessment on an on-going basis Independent Risk Management Review of client approval documents provided by partner facing teams Input into credit risk management processes Drafting, reviewing and revising the Risk Management manuals to cope with the current developments of risk disciplines in the industry Board reporting Secretariat to the Risk Committee, Audit and Compliance Committee Reporting on a regular basis to senior management and to the board of directors of the results of assessment and monitoring The Head of Risk will also be responsible for leading the Credit Risk activities of the bank, which will include: Overseeing the portfolio monitoring functions (reporting and analysing credit risk) Overseeing and providing guidance to portfolio managers for each portfolio area (identifying actions to reduce portfolio risk Assessing and analyzing counterparty risk Overseeing loan product design and processes, to lower portfolio risk. Building credit risk tools and credit risk scorecards to lower credit risk Overseeing collections strategy and providing guidance to the collections team Netbank's differentiation is its ability to implement a partnership based business model, in a simple and client friendly manner. This requires Netbank to continuously 're-think' the standard risk and compliance approaches, so as to re-design them for a partnership based business model. The holder of this position will succeed based on his / her ability to: Deeply understand the regulatory requirements and understand what specifically will be required to implement these requirements in the case of a partnership based bank. Creatively find solutions Understand the practical implications of policies and identify solutions which meet regulatory requirements yet also meet the requirements of Netbank clients.