Company Description

Join the UAE\'s largest bank and one of the world\'s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders and communities to grow through differentiation, agility and innovation. We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting and dynamic industry.



JOB PURPOSE:

To support the risk function and the implementation of an effective risk frameworks that includes the identification, measurement, control, monitoring and reporting of financial (Market, Liquidity, ERM & Credit Risk) and non-financial risk pertaining to Group\'s International locations (Subsidiaries, branches, Representative Offices)

To ensure that the risk management strategies, practices and policies are aligned and integrated into the organisation\'s culture, business strategies and processes so that the overall Group\'s asset portfolio is in accordance with the desired risk appetite.

To provide expertise for the development and implementation of an integrated risk management framework and control system to ensure the bank operates within an agreed risk appetite and complies with its internal policy and external regulatory obligations.

To ensure effective coverage of Group-wide risks arising from any intentional or unintentional deviation from the accepted principles and establish the implementation of a comprehensive framework to ensure adherence to defined risk levels to minimise operational risk and fraud losses.

KEY ACCOUNTABILITIES:

Governance

• In conjunction with, and as required by the Chief Risk Officer - Intl, manage the comprehensive risk reporting framework (covering risk profile of Group, macro risks factors, risk mitigations plans etc.) for local Board-Level, local EXCO-level Committees & Sub-Committees
• As required, participate in local Board-level and Executive-level Risk Committees and provide regular insight on Group\'s risk profile with mitigation plans. Assist the Committees in the taking appropriate decisions to manage the risk profile of the group within the set appetite.

Budgeting and Financial Performance

• Recommend and oversee the preparation of the functional budget and monitor financial performance versus the budget so that the business is aware of anticipated costs/revenues, areas of unsatisfactory performance are identified and potential areas of cost reduction or performance improvement opportunities are capitalised upon

Budgeting and Financial Planning

• Manage the preparation of the department budget and monitor financial performance versus the budget while ensuring all departmental activities are conducted in line with the approved guidelines.

Policies, Systems, Processes & Procedures

• Manage and ensure effective implementation of Risk functional policies, procedures and controls covering all international locations so that all relevant procedural/legislative requirements, fulfilled while delivering a quality, cost-effective service.
• Champion the development of a risk culture in international locations in order to drive heightened awareness and understanding of prudent risk management practices.
• Advise and provide guidance to the Bank on technical aspects of international risks (including governance and regulations) so that key stakeholders are equipped with the necessary knowledge and capability to take risk-based decisions on behalf of the bank.
• Liaise with International Risk Committees (including Sub-Committees) to ensure risk oversight, provide guidance and support as necessary in order to enable the effective implementation of an effective risk management process.

International Framework, Policy & Risk Appetite

• Provide support in the management of risks through a robust risk control framework which outlines clear and consistent policies, principles and guidance for risk managers to ensure risks are mitigated, portfolio is diversified and concentrations are managed.
• Support the development and implementation of risk policies (for international locations) ensuring consistency, comprehensiveness, and adequacy in order to enable an effective risk framework and keep risk within the established risk levels.
• Develop and maintain a robust internal control framework, institute necessary systems, procedures and process to enable full control over the lending portfolio including exposures within discretionary powers, ensuring compliance with internal and regulatory requirements.
• Advise the Bank on the risk appetite to drive the risk tolerance levels for the bank whilst ensuring flexibility to deliver risk adjusted profitable business growth and adherence to regulatory requirements.
• Review risk policies and product programs in order to ensure adherence to the risk appetite and regulatory requirements, provide timely inputs to ensure they are adjusted to address areas of non-compliance and reflect changes in risk profile and developments in external operating environment.
• Monitor International risk to ensure it remains within limits that represent the peak exposure or loss to which the bank could be subjected to should the international locations fail to deliver according to targeted risk appetite.
• Review and develop, in conjunction with international locational heads appropriate workflow systems for end-to-end processing to ensure adherence to risk policies, while maintaining turn-around times and acceptable portfolio quality.

Monitoring International Portfolio through Reports & Dashboards

• Provide timely analysis to CRO - Intl and Senior management through risk related ERM reports, and dashboards. These should include Snapshots covering Enterprise Risk, Credit Risk, Market Risk, Liquidity Risk, Operational Risk etc.
• Monitor portfolio quality and performance on an on-going basis relating to limits, exposures, schedules, refinancing, delinquencies, etc. to ensure adherence to defined credit risk appetite/strategy and policies, and to quickly determine activities or conditions that require attention before they become problems, in order to prevent any impact on the Bank\'s balance sheet.

Policies, Systems, Processes & Procedures

• Lead the development and effective implementation of Markets & Liquidity Risk, Enterprise Risk, and Credit Risk Management policies, procedures and controls covering all areas of assigned department activity so that all relevant procedural/legislative requirements, fulfilled while delivering a quality, cost-effective service.
• Champion the development of a risk culture within the assigned business area to drive heightened awareness and understanding of prudent risk management practices; advise and guide the CRO on technical aspects so that key stakeholders are equipped with the necessary knowledge and capability to take risk-based decisions on behalf of the Group.
• Lead and manage the review and assessment of the ERM risk to provide a view on the level of exposure relative to risk appetite and advice on risk mitigation
• Lead the development and implementation of credit monitoring and control systems and process in partnership with functional and business heads to support risk-based decision making.
• Lead the development and implementation of Operational & Fraud risk models, control systems and process in partnership with functional and business heads to support risk-based decision making.

Change Management

• Support the management of change through continuous improvement of functional systems, processes and practices considering global standards and changes in the business environment which demand proactive action plans

Relationship Management

• Develop and maintain effective business relationships with all relevant external/internal entities (such as rating agencies, government authorities, other financial institutions, key stakeholders etc.) and all sections with the highest standards of business ethics, whilst promptly attending to all critical issues in-order to ensure the services required by the organisation are delivered in the most effective manner

Reporting

• Ensure that all department reports are prepared timely and accurately and meet Group requirements, policies and quality standards.

Qualifications

Minimum Qualification

• Bachelor\'s degree in Finance or related discipline.
• Master\'s degree in Business Administration or related discipline is preferred.

Minimum Experience

• 10 years\' relevant experience in the banking sector with at least 4 years in similar positions of progressively increasing managerial responsibilities in the Risk Management function.

First Abu Dhabi Bank