Head of IS Risk Management

About the job
The role of Head of IS Risk Management is designed to manage and oversee the entire spectrum of information security risk management. This includes completing a review of the risk management framework to meet the Group’s needs and requirements and identifying, assessing, and treating risks to the confidentiality, integrity, and availability of assets.

Key Accountabilities of the role

• Manage and supervise cybersecurity risk assessment for business services, processes, and technologies.
• Stay abreast of global and regional information security threats by reviewing threat intelligence reports from Group Information Security Department’s (GISD) Cyber Threat Intelligence unit and reflect findings while identifying risks.
• Review security/vulnerabilities assessments and penetration testing reports delivered by GISD’s Attack Surface Reduction unit, and reflect findings while identifying risks.
• Identify and prioritize risk scenarios and report to management.
• Ensure proper delivery of ad-hoc and planned risk assessments in accordance with internal information security policies and external regulations and standards.
• Oversee and manage risk monitoring plans and collaborate with relevant business units to effectively implement mitigation controls.
• Manage the implementation of systems and tools to automate the end-to-end information security risk management cycle.
• Work with the Head of IS Governance and Risk Management for continuous improvements in policies, procedures, standards, and guidelines based on risk assessment findings.
• Present management reports highlighting the Group’s risk status and posture.
• Supervise information security related projects, such as integrating security into coding and testing to assess associated risks.
• Finalize and confirm reports on risk management KPIs.
• Collaborate with the Head of IS Governance and Risk Management to identify initiatives that continuously improve risk performance and develop remediation steps that help reduce risk to an acceptable level, comply with applicable laws and regulations, increase operational efficiency, and meet IS goals and objectives.
• Participate in communicating risk status and remediation plans to relevant internal/external stakeholders and follow up on their implementation.
• Improve/develop QA routines and controls to ensure an appropriate focus on risk reduction within defined timelines.
• Measure, monitor, and report on information security risks.
• Review and report on vendor/third party risk supporting vendor risk management activities.
• Engage staff and/or vendors in developing information security risk mitigation plans for identified risks in vendor reviews.
• Monitor and report on information security risk mitigation plans to ensure timely execution.
• Engage employees in the management of information security risk and ensure they are informed of their accountabilities.
• Regularly assess and report any exceptions to information risk management policies, procedures, and limits to management.
• Align with VA/PT team to validate IS Risks.
• Coordinate with ORM, ITD, BCM, VCMP, and other relevant stakeholders.
• Develop strategic, tactical, and operational risk dashboard reports.
• Develop a Threat Modelling Process that utilizes quantitative and qualitative risk management measures.

Specialist Skills / Technical Knowledge Required for this role:

• Strong knowledge of banking and financial institutions processes, information security technologies, processes, and systems.
• Bachelor’s degree in technology or related field; master’s degree preferred or equivalent years of relevant work experience.
• Experience in the banking and financial services sector preferred.
• Good business and supervisory acumen.
• Familiarity with GRC tools and other risk management platforms.
• Knowledge of ISO 27001, NESA, SWIFT CSP, PCI DSS and other information security standards and regulations.
• Certified Information Systems Security Professional (CISSP) or Certified in Risk and Information Systems Control (CRISC) Certifications are strongly preferred.