Head of Growth Marketing (Temporary Contract)

FAB, the UAE's largest bank and one of the world's most secure financial institutions, is dedicated to creating value for its employees, customers, shareholders, and communities. Through innovation, agility, and differentiation, FAB is committed to fostering growth. 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 :

The selected candidate will assist the Country CRO to build the newly established unit and expected to harness a strong Operational & Fraud Risk governance framework covering FAB Franchise in International Location.

The job holder will assist Country CRO for developing and implementing integrated Operational & Fraud risk management strategy; framework and control system to ensure the FAB Franchise in International Location operates within an agreed risk appetite and complies with its internal policy and external regulatory obligations.

In doing this, he / she will work closely with the Group Risk Management units to ensure the Group methodologies, policies, procedures and limit frameworks are established in International Location. Additionally, the potential candidate will build, produce and regularly update the risk report suite to ensure consistency and compliance with the bank’s risk tolerance.

KEY ACCOUNTABILITIES :

Governance

• In conjunction with, and as required by the Country Chief Risk Officer, manage the comprehensive risk reporting framework (covering risk profile of FAB Franchise in International Location, macro risks factors, risk mitigations plans etc.) for Country and Group Risk & Compliance Committee.
• Provide regular reports to Country CRO on location’s risk profile with mitigation plans. Assist the Country CRO & Committees in the taking appropriate decisions to manage the risk profile within the set appetite.

Strategy Development and Implementation

• Assist the Country Chief Risk Officer in formulation, implementation and delivery of the FAB Franchise in International Location’s risk strategy in line with the vision, mission, values and priorities.
• Maintain, execute and continuously improve FAB Franchise in International Location’s risk management strategy, frameworks, limits, and tolerances to assess and mitigate the risk exposures, and to ensure the region operates within its pre-defined risk appetite, aligned to the group’s risk & business strategy.

Budgeting and Financial Performance

• Manage the preparation of the department budget and monitor financial & risk performance versus the budget while ensuring all departmental activities are conducted in line with the approved guidelines.
• Assist in development and effective implementation of risk policies (Operational & Fraud Risk, Credit Risk), procedures and controls covering all areas of assigned FAB Franchise in International Location so that all relevant procedural / legislative requirements fulfilled while delivering a quality, cost-effective service.
• Manage the review and assessment of the FAB Franchise in International Location to provide a view on the level of exposure relative to risk appetite and advice on risk mitigation
• Assist in development and implementation of risk monitoring, models and control systems and process in partnership with group risk heads and business heads to support risk-based decision making.
• Stay in regular contact with Group Risk Heads to ensure that the policies, procedures, models, processes, mitigation factors and plans are in alignment with the group risk mitigation and monitoring strategies.

Operational Risk

• Oversee the FAB Franchise in International Location’s Operational Risk Management; reporting operational risk profile, ratifying and recommending relevant Operational Risk management actions and mitigation strategy.
• Roll-out the bank's policy re Operational Risk Management in FAB Franchise in International Location; Review / approve local business policies and standard operating procedures
• Facilitate the KRI & RCSA set-up for FAB Franchise in International Location incl. threshold definition; monitor KRI’s that are in high risk categories
• Review loss and incident data incl. actuals, near miss or potential events across FAB Franchise in International Location
• Monitor KRI data specific to FAB Franchise in International Location re breaches against acceptable thresholds; review the corrective actions taken in regard to breaches
• Run the risk assessment procedures across FAB Franchise in International Location and monitor / review corrective actions for loss incidents. Review root cause analysis and corrective actions; monitor status of corrective actions
• Prepare the reports for the submission to local regulators and calculate / monitor capital adequacy with regards to OR capital requirements
• Oversee the location's Fraud Risk Management; reporting Fraud risk profile, ratifying and recommending relevant Fraud Risk management actions and mitigation strategy.
• Roll-out the bank's policy re Fraud Risk Management in FAB Franchise in International Location; Review / approve local business policies and standard operating procedures
• Roll-out the fraud framework across FAB Franchise in International Location
• Review / approve prevention controls in the local business operating environment
• Review root cause analysis and corrective actions; monitor status of corrective actions incl. recovery across FAB Franchise in International Location
• Analyze incidents and execute respective investigations incl. resolutions across FAB Franchise in International Location; define and implement corrective actions
• Roll-out the fraud risk monitoring and reporting framework FAB Franchise in International Location
• Prepare the reports for the submission to local regulators
• Monitor the periodical review of the products and processes and provide risk mitigation controls while ensuring the accurate identification of risk exposure in new products and services to ensure that risk implications are appropriately considered and mitigated.
• Monitor risk management metrics and monitor breaches to protect commercial and customer interests ensuring compliance with internal policy and external reporting requirements for the international region / location.

Change Management

• Participate in 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

• Maintain effective business relationships with all relevant external / internal entities (such as 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 functional reports are prepared timely and accurately and meet location & Group requirements, policies and quality standards

QUALIFICATIONS & EXPERIENCE :

• Bachelor’s degree in Finance or related discipline.
• Master’s degree in Business Administration, or a related discipline is preferred.
• Professional Certification in CFA, FRM, or a related discipline is preferred.
• 7-10 years’ relevant experience in the banking sector with at least 4 years in similar positions of progressively increasing managerial responsibilities in the Operational & Fraud risk management function.