Chief Risk Officer Salary at Banif Bank Plc BETA
How much does a Banif Bank Plc Chief Risk Officer make?
As of March 2025, the average annual salary for a Chief Risk Officer at Banif Bank Plc is $299,007, which translates to approximately $144 per hour. Salaries for Chief Risk Officer at Banif Bank Plc typically range from $248,871 to $357,669, reflecting the diverse roles within the company.
It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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What Skills Does a person Need at Banif Bank Plc?
At Banif Bank Plc, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
- Risk Management: Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from various sources including uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.
- Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
- Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.
- Economics: Economics is a social science that focuses on the production, distribution, and consumption of goods and services, and analyzes the choices that individuals, businesses, governments, and nations make to allocate resources.
- Operational Risk: Operational risk is "the risk of a change in value caused by the fact that actual losses, incurred for inadequate or failed internal processes, people and systems, or from external events (including legal risk), differ from the expected losses". This definition, adopted by the European Solvency II Directive for insurers, is a variation from that adopted in the Basel II regulations for banks. In October 2014, the Basel Committee on Banking Supervision proposed a revision to its operational risk capital framework that sets out a new standardized approach to replace the basic indicator approach and the standardized approach for calculating operational risk capital. It can also include other classes of risks, such as fraud, security, privacy protection, legal risks, physical (e.g. infrastructure shutdown) or environmental risks. The study of operational risk is a broad discipline, close to good management and quality management.
Related Jobs
Check more jobs information at Banif Bank Plc
| Job Title | Average Banif Bank Plc Salary | Hourly Rate | |
|---|---|---|---|
| 2 | Cashier | $26,399 | $13 |
| 3 | Manager, Human Resources | $105,617 | $51 |
| 4 | Relationship Officer | $59,709 | $29 |
| 5 | Branch Supervisor | $78,993 | $38 |
| 6 | Chief Financial Officer | $389,465 | $187 |
| 7 | Coordinator | $72,365 | $35 |
| 8 | Corporate Banking Relationship Manager | $89,779 | $43 |
| 9 | Executive | $259,402 | $125 |
| 10 | Head of Audit | $251,030 | $121 |
| 11 | Manager | $99,024 | $48 |
| 12 | Marketing Officer | $68,818 | $33 |
| 13 | Middle Office Manager | $74,855 | $36 |
Hourly Pay at Banif Bank Plc
FAQ about Salary and Jobs at Banif Bank Plc
The average hourly pay is $144. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
According to the data, the highest approximate salary is about $357,669 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
According to the data, the lowest estimated salary is about $248,871 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.