The Bank of Papua New Guinea is a contemporary central bank and regulator, committed to best practices in monetary policy, financial sector supervision, and payments system efficiency. We are an Equal Opportunity Employer and invite expressions of interest from suitably qualified individuals for these following re-advertised senior roles:

Chief Risk Officer

Reports To: Governor, Bank of Papua New Guinea

The incumbent will report directly to Governor and will be responsible for effectively and efficiently leading and managing staff to achieve key performance objectives of the office by:

• Providing strategic risk advice and reporting to the Board, the Executive Committee, and the Risk Oversight Committee.
• Managing real-time risk monitoring operations, reporting tasks, and escalation protocols, as well as monitoring key risk indicators (KRIs).
• Collaborating with regulators and financial institutions and other external stakeholders to improve systemic risk management practices.
• Implementing the Bank’s ERMF and Risk Strategy and Policy and maintaining these elements through comprehensive process implementation.
• Routine assessment and maintenance of the Banks risk appetite and tolerance statements.
• Supervision of the Risk Management Office, managing resources effectively and develops capabilities.
• Establishing governance structures and assigns explicit responsibility for risk ownership.
• Managing crisis planning and scenario testing while directing incident response procedures.
• Risk awareness through leadership engagement and training programs with adequate communication support.
• Following Basel III standards and ISO 31000 guidelines and national regulatory mandates.
• Focusing on developing risk management tools and processes alongside strengthening governance standards.
• Integrating risk considerations into strategic planning and daily operational decisions.

Education/Qualification/Experience/Skills/Competencies:

• Graduate qualifications in risk management or related fields such as economics, finance, public policy, or business administration. Advanced qualifications will be highly regarded.
• At least ten (10) years of high-level leadership experience in enterprise risk management, financial regulation or corporate governance.
• Risk management professional certifications and advanced degrees (like CRM, FRM, or ISO 3100) represent desirable qualifications.
• Successfully directed establishing and applying risk frameworks along with governance policies and models.
• Established a history of stakeholders’ engagement through Board-level reporting and regulatory liaison activities.
• A comprehensive knowledge of global risk management standards and financial industry regulatory rules.
• Demonstrated experience developing risk management tools and processes and strengthening governance standards.

How to Apply

Interested applicants can download the relevant Position Descriptions from our website: https://www.bankpng.gov.pg/job-opportunities

Applications must be addressed to:
The Manager
Human Resource Department
Bank of Papua New Guinea
P.O Box 121, Port Moresby, National Capital District

All applications must be submitted via email to: [email protected]

Application Deadline: Monday, 14th July, 2025
Only shortlisted applicants will be contacted for interviews.

Authorized by:
Ms. Elizabeth Genia
Governor