Head of Credit Risk
|Key Responsibilities||Core Responsibilities
§ Manages the credit portfolio for the bank , including regular portfolio analysis, review and recommendation of changes in credit risk framework, strategy and credit risk appetite statement, monitoring against set limits, pricing and security coverage and provisioning.
§ Leads the development, validation & use testing of credit risk models (CIIB, Commercial, SME & retail banking).
§ Responsible for considering/recommending as considered appropriate the transition from the standard approach for capital requirements for credit risk to internal ratings-based (IRB) approach and IFRS9 compliance.
§ Maintains and develops the second line risk identification processes and early warning indicators.
§ Responsible for Credit Risk Policy and Procedures and presentations of changes to all stakeholders to ensure understanding and compliance across the organization. Ensure updates to Credit Risk Policy that are promulgated by Central Bank of Abu Dhabi.
Risk Monitoring and Analysis
§ Leads reviews, analysis and recommendations of credit transactions for new and renewed credit proposals for Credit Committee, Executive Committee and Board of Directors, including credit assessments, approval processes and documentation, as well as quality analyses.
§ Identifies weaknesses and proposes enhancements to improve risk assessment practices or controls and identification of emerging risk issues.
§ Plans and oversees portfolio reviews to assess loan structure, quality and accuracy of underwriting, identification of key risks, overall evaluation of the ultimate support of the credit decision rendered, accuracy of assigned risk ratings and proper model usage and compliance with established credit policies.
§ Shares best practices, common findings and risk matters with businesses/functions with the aim to assist them in improving their capabilities in credit risk control activities and obligations and to ensure a balance between business requirements and risk recommendations.
§ Prepare responses to consultation papers issued by Central Bank of Abu Dhabi related to credit risk matters.
Knowledge of External Environment
§ Attends various seminars/forums or working groups arranged by regulators or the bank in order to be up-to-date with the developments in the industry and region.
§ Conducts active research in emerging and strategic risk trends (with specific reference to legislation and banking market trends) and shares relevant updates within the bank.
§ Conducts reports for Credit Committee/Executive Committee/Board of Directors on current risk issues impacting the portfolio, taking a pro-active approach to understand credit risk impacts and to reduce credit risk exposure where required.
§ Liaises with the concerned regulatory/supervisory authorities for credit risk related regulatory reporting and prepares proposals for regulatory approvals where required.
§ Participates in credit committees, while contributing as per committee requirements.
Learning and Development
§ Functions as a subject matter expert and provides input on learning and development initiatives including training content to ensure value addition and relevance.
MIS and Reports
§ Ensures appropriate credit risk reporting across all business areas.
§ Presents monthly trend reports, and participates on credit risk governance meetings.
§ Provides inputs to the bank leadership team on all related activities in areas related to credit risk to support management decision making.
People Management Responsibilities
§ Defines goals and key performance indicators for each member of the team and ensure effective implementation of the bank performance management process.
§ Develops talent within the team by providing guidance and coaching to achieve the defined goals.
|KEY PERFORMANCE INDICATORS|
|§ Fulfilment of all credit risk related regulatory responsibilities within the stipulated timelines
§ Fulfilment of all analyses and reporting responsibilities towards respective committees and senior management
§ Establishment and revamp of risk appetite framework as per bank’s strategy
§ Review and enhancement in credit risk analytics framework once every year
§ Review and enhancement in processes through bench-marking and automation as per stipulated timelines
§ Timely generation of Credit risk MIS
§ Successful coordination with Central Bank of Abu Dhabi as required
§ Implementation of credit risk policies and procedures
§ Adequacy of stress testing and provision reporting
§ Timely and quality of KRI reporting
|SKILLS AND COMPETENCIES|
|§ Comprehensive understanding of counterparty credit risk management rules.
§ Experience with credit risk management, assessing and approving bank debt and capital markets transaction.
§ In-depth knowledge of loan and capital market products, i.e., derivatives, prime services, fund linked products, repo and securities lending.
§ Solid understanding of major traded markets documentation standards, i.e., ISDA/CSA, MRA, GMRA.
§ Graduate degree in a relevant field of study is desirable but not required.
§ Strong negotiation, verbal and written communication skills.
§ Ability to handle a significant and diverse workload.
§ Ability to manage team of credit review officers
§ Ability to accept accountability, assume leadership and demonstrate initiative.
§ Partnership mentality with respect to the NBB’s enterprise wide strategy & vision
To apply : Please send your resume to firstname.lastname@example.org