Home Saudi Arabia Senior Manager - Financial Risk Management

Home Saudi Arabia Senior Manager - Financial Risk Management

Senior Manager - Financial Risk Management

Full time at JobItUs in Saudi Arabia
Posted on August 26, 2024

Job details

Opening: 1 Nos. Job ID: 58450 Employment Type: Full Time Work Experience: 10.0 Year(s) To 18.0 Year(s) Function: Accounts / Finance / Tax / CS / Audit Qualification: BBA / BMS - Account/Finance; MBA/MMS/MPM/PGDM - Finance

Responsibilities:

  • Developing the existing Risk Appetite framework.
  • Developing Risk Appetite Statement (RAS) approved by the Board of Directors in line with the strategy.
  • Developing Tolerance Limits for the key risks.
  • Developing a plan for maintaining and reviewing the Risk Appetite Framework and the Tolerance Limits.
  • Developing credit rating policies (including aspects of governance, development, utilization, validation, risks).
  • Lead development of credit rating models for retail or corporate or SME or project finance portfolios.
  • Lead review, validation and enhancement of credit rating models for project finance portfolio.
  • Developing a risk-based pricing framework to include the following:
    • Methodology for calculating Risk-Adjusted Return on Capital (RAROC) against the Economic Capital (EC).
    • Methodology for risk-adjusted performance assessment of business, areas and product types based on the developed credit ratings.
  • Implementation of IFRS 9 standards across Banks.
    • Recommend and implement a methodology for Stage wise allocation of assets.
    • Update the current PD models and compute PD estimates as per IFRS 9 guidelines.
    • Develop LGD estimation technique and arrive at LGD estimates.
    • Develop EAD estimation techniques and arrive at EAD estimates.
    • Development and update of Policies and Procedures for Implementation of IFRS – 9.
  • Reporting for the aforementioned models. Design reports templates.
  • Developing / reviewing and enhancing stress testing models and approaches.

About Us:

It is a global consulting firm that delivers deep expertise, objective insights, a tailored approach and unparalleled collaboration. We help you confidently address challenges and opportunities in technology, finance, transformation, business process, risk, compliance, transactions and internal audit.

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