Head of Risk and Credit Support

Head of Risk and Credit Support

Key Responsibilities:

• The governance, oversight, development and management of:
  • A strong, independent but commercially aware Risk Management function covering all classes of risk affecting the bank including credit risk, market risk, operational risk, regulatory risk, conduct risk and reputational risk.
  • Preserving high standards of risk assessment and appraisal, and manage controlled development of the Subsidiary's risk portfolio in line with the Risk Strategy set by the Board and ABC Group policies.
  • Maintaining a proactive and professional approach to risk management and developing an enterprise-wide risk management culture across the bank to embed risk awareness, the three lines of defense model and procedural integrity.
• Discuss credit proposals with RMs and suggest ways to mitigate risks.
• Assess the risks of new and existing relationships and provide crisp recommendations to the MD and Credit Committee (CC).
• Ensure timely and accurate risk reporting to Head Office, BRC and the CBB.
• Ensure implementation of regular monitoring and compliance with covenants, approval conditions and credit administration issues.
• Be the point of contact with the auditors for risk-related matters.
• Act to resolve issues raised by Audit pertaining to the risk function within the Bank.
• Liaise with Head Office Risk for implementation of new risk systems in the Bank.
• Attend to changes in regulatory requirements.
• Ensure regular, efficient and comprehensive risk forum meetings are conducted within the Bank.
• Act as Secretary to the Board Risk Committee of the Bank and answer queries raised by members of the Committee. Fully responsible for conducting all BRC meetings including preparing BRC packs, minutes etc., on time.
• Ensure that Bank ABC Islamic banking governance, policies and procedures are aligned with both Group guidance and local regulatory requirements and that they are kept up-to-date, effectively communicated and understood by all employees, and that adherence is tested and confirmed on a regular basis.
• Ensure that Bank ABC Islamic risk appetite is set in line with Group guidance, Board direction and local regulatory requirements and that the risk appetite drives the strategy adopted by the Bank.
• Communicate the key elements of Group risk management framework to all employees including the first and second lines of defense, advise on how the framework is to be applied in relation to all types of risks and oversee testing of the employees' adherence to and understanding of the framework. This will build a culture of risk awareness so that potential risk issues, actual incidents and loss events are proactively identified, mitigated (where possible) and reported in a timely and transparent manner.

Requirements:

• More than 15 years in banking, majority of which in risk areas
• Master's degree in Business Administration/Finance or other related disciplines
• Professional risk qualification
• Deep understanding of credit and risk fundamentals
• Deep understanding of the Group's risk culture
• Awareness of Corporate Governance
• Knowledge of CBB Rulebook, in particular credit and risk modules
• Familiarity with AAOIFI standards
• Knowledge of Islamic banking products