Chief Risk Officer Deputy

Finora Bank is a specialized bank dedicated to accelerating growth for micro, small, and medium-sized enterprises, and entrepreneurs. Licensed by the European Central Bank (ECB), Finora Bank offers innovative financial solutions, including loans, leasing, factoring, and guarantees, to help businesses achieve their full potential.

Based in Vilnius and Tallinn, Finora Bank has a team of 70+ professionals with extensive international experience in banking.

Join the journey of building a fast-growing bank!

DEPUTY TO CHIEF RISK OFFICER

What will you be doing?

Role Purpose

We are seeking a Deputy to Chief Risk Officer to support the CRO in maintaining and enhancing the Bank’s overall risk management framework, with a primary focus on credit risk.

Key Responsibilities

• Support the CRO in maintaining and continuously enhancing the Bank’s overall risk management framework, with a primary focus on credit risk, in line with applicable regulatory requirements
• Contribute to the development and review of the Risk Strategy, Risk Appetite Statement, and ICAAP/ILAAP processes, with particular emphasis on credit risk identification, measurement, and control, as well as monitoring compliance with approved risk limits
  
• Provide independent second-line oversight of credit risk, including assessment of material exposures, monitoring of portfolio quality, concentrations and asset performance, and oversight of credit risk methodologies, rating models, and provisioning adequacy
  
• Lead and enhance credit risk monitoring frameworks, including early warning indicators, risk segmentation, and portfolio analytics to support proactive risk management
• Oversee the monitoring of financial risks (liquidity and interest rate risk) and assess their interaction with credit risk and impact on capital and liquidity, including participation in stress testing and capital planning processes
  
• Ensure timely, accurate, and comprehensive risk reporting, with a strong focus on credit risk metrics, portfolio developments, and key risk drivers, to senior management and supervisory authorities
  

What will help you succeed?

• University degree in finance, economics, risk management, or a related field
  
• At least 5 years of relevant experience in banking risk management, with strong and hands-on exposure to credit risk
  
• Experience in ICAAP/ILAAP, capital adequacy assessment, or regulatory risk frameworks, particularly in relation to credit risk
  
• Strong understanding of credit risk methodologies, including credit assessment, rating models, provisioning (IFRS 9), and portfolio monitoring
  
• Knowledge of liquidity and interest rate risk management principles and their interaction with credit risk
  
• Fluency in English language

What do we offer?

• Join an Experienced, Professional Team

Be part of a dynamic team building a brand-new bank from the ground up.

• Opportunity to Make an Impact

Contribute to the growth of a rapidly expanding company and see the direct impact of your work.

• Competitive Compensation

We offer a competitive, experience-based salary (4462- 6612 eur/gross).

• Prioritize Your Health

Access additional health insurance after the probation period to support your well-being.

• Flexibility That Fits Your Life
  

Enjoy a hybrid work model—because we trust you to do your best work, your way.

• Bring Your Best Friend
  

Love pets? So do we! Our pet-friendly office welcomes your four-legged companions.

• Office Perks & Comforts
  

Fuel up with complimentary snacks and enjoy a workspace designed for productivity and ease.

• Celebrate and Connect
  

From team-building adventures to laid-back socials, our regular company events keep the energy high and the connections strong.

• Appreciation You Can Feel
  

Receive thoughtful branded gifts as a thank-you for your dedication and passion.

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