Senior Officer - Risk governance and assurance

Job Purpose

To perform credit risk assurance reviews in line with credit risk framework and policy (CRFP). To assist with the working of distressed asset committee (DAC) and implementation of credit risk management standards (CRMS). Coordinate with teams to provide the necessary information to Board as per requirements stated in CRMS. Co-ordinate the month end provisions with finance and business teams. Assist in the governance of credit risk activities as a team, including central bank audits.

Key Accountabilities

1. Tracking past dues, excess and other parameters: Establish, maintain & track triggers relating to credit risk for all the portfolios in the bank. These include Corporate, Financial Institutions, Treasury and Retail. Disciplined monitoring of past dues, excess, expired reviews and other relevant criteria, is required. These should be auditable. Highlight and elevate exceptions/variances to line manager.
2. Credit Assurance Reviews: Prepare a credit assurance plan for approval and adoption. Conduct credit assurance reviews through a sample from the credit proposals submitted by business and assessed by credit team. Complete the reviews in a thorough manner, including appropriate write up covering key issues. Suggest amendments to policies and procedures based on the findings from credit assurance.
3. Prepare a Standard operating Procedure (Credit risk): Understand the tasks within credit risk function and prepare a standard operating manual for the function. Suggest amendments to existing procedure and tasks to improve the overall efficiency for the department and also for the bank.
4. Credit Risk Management Presentation: Assist in preparation of the monthly Credit Risk Management Presentation Reports for the review of the CCC, Risk Committee and Board Risk and sustainability Committee - under the guidance / supervision of Senior Manager Credit. Assist in preparing sector / industry exposures and highlight to SMC/ CRO any excess or imminent excess against these or other regulatory limits pertaining to Credit Risk.
5. Audit Coordination: Provide consolidated updates to the Internal Audit Coordinator on outstanding Internal / External Audit action items. Provide assistance as required during the Central Bank of UAE examination. Provide assistance as required during the external audit.
6. Policy and Procedures Review: Actively assist in the review of policies and procedures pertaining to Credit Risk, Special Assets management, Remedial Management, Delegated Authorities for Lending, Marine Finance, Risk Rating, Retail Banking and other business areas as and when required.

Other Accountabilities

1. Risk Management MIS Reports including Board reporting: Preparation and finalisation of the various MIS reports for the Risk Management Department including follow up with Finance MI for gathering of data and editing of the information for the report. Understand the reporting requirements to our Board based on CRMS and assist in complying with these.
2. Credit provisions for the month and full year forecast: Coordinate with finance, special assets management, Remedial and business to finalize the monthly credit provisions. Work with finance to forecast the likely provisions for the year. Explore automating this report in business information portal.
3. Projects: Assist the ECRR in credit risk related projects that are envisaged by the Bank on ongoing basis through meetings discussions with Business Units, vendors and IT Dept officials.
4. Distressed Asset Committee: Assist in conducting the meetings, writing the minutes and outcomes. Follow up on pending items and closure of open items is also a responsibility.
5. Other Projects: Conduct / assist in conduct of simulation / stress / testing /scenario analysis / use test - to be carried out periodically as per framework developed and advised by CRO. Assist with the implementation of Platform X and its regular use.

Job Context

The candidate needs to be proactive in terms of managing work and prioritizing tasks. The quality of output in terms of content is critical. Taking ownership and initiative is one of the traits for the job.

Education

Graduate / Post Graduate in Finance

Experience and Skills

Education level Graduate where the degree covers finance and/or economics, OR Chartered Accountant.

Professional Qualifications: No specific requirement.

Work Experience: Minimum 3-4 years of experience in the credit or risk department in a UAE bank. Experience in Credit, and knowledge about credit policies is necessary. Excellent in Word, MS Excel, MS Office and MS PowerPoint. Good analytical skills, communication (written and oral) and presentation skills.

Technical Competencies

Regulatory Compliance and Fraud- Risk Management- Proficient Operational Risk Management -Risk Management- Basic Credit Risk Management- Risk Management- Advanced Risk Analytics and Basel - Risk Management- Advanced Enterprise Risk Management (ERM) & Governance - Risk Management-Proficient Cyber & Information Security - Risk Management- Basic Anti-Money Laundering (AML) / Counter Terrorism Financing (CTF)- Compliance- Advanced Sanctions - Financial Crime- Compliance- Basic

Behavioural Competencies

Change and Innovation - Basic Evaluating and Solving Challenges - Basic Results Orientation - Basic Working and collaborating with others - Basic Communication - Basic