Chief Risk Officer

3 days ago


Abu Dhabi, United Arab Emirates Decano Consulting Full time

Reporting and Communication Responsibilities

**RESPONSIBILITIES**:

- Responsibilities Related to Business and Strategy
- Guide the Board and Senior Management in the execution of their risk management responsibilities
- Provide a risk-focused viewpoint to strategic planning and other activities of the Board and Senior Management
- Analyze and report on risk related trends that may impact the Bank's business
- Notify the Board, and provide challenge on, any business strategy or plans that are outside the Bank's risk appetite Responsibilities Related to Risk Assessment, Management and Control
- Review the Enterprise Risk Management Framework, policies, and procedures at least annually
- Assess capacity and capability of the Bank's systems and controls
- Provide guidance to improve systems, policies, processes and management tools as needed
- Review and challenge new products from a risk perspective
- Provide risk advice and information in relation to the Bank’s Remuneration Policy
- Ensure that the risk function is appropriately resourced Responsibilities Related to Risk Analysis
- Develop and maintain the Risk register
- Responsible for formulation/review, in consultation with the CEO, of the Enterprise Risk Management Framework, Risk Appetite Statement, Credit Risk Policy, Operational Risk Policy, Model Risk Policy, and Cybersecurity Risk Policy.
- Develop the ICAAP and ILAAP in consultation with the CEO and CFO
- Leading the response on regulatory queries vis-a-vis the Risk Management Framework
- Administration of RCSA as per Operational Risk Policy definition
- Ensure that risk related models and methodologies are appropriate for bank's use and are reviewed and validated on a periodic basis
- Capital and liquidity stress testing
- Ensure that the data used by the Bank to assess its risks are fit for purpose

**Reporting and Communication Responsibilities**
- Ensure accuracy and completeness of risk reports and their submission
- Report to the Board Risk Committee on risk exposures relative to its risk appetite and ensure the adequacy of risk information, analysis and training provided to members of the Board
- Escalate where appropriate key risk concerns directly to the Chairman of the Board Risk Committee
- Member of EXCO, ALCO, Chair of Credit Committee and Risk and Compliance Committee. Also, invitee to the Audit Risk and Compliance Committee, and Board Credit Committee.
- Prepare, review and put up to EXCO and Risk Committees all MI pertaining to Risk Rating Dashboard

**KNOWLEDGE, SKILLS AND EXPERIENCE**:

- Financial Services/Banking experience
- 15+ years of experience in Corporate Credit Risk
- Supply Chain Finance is a plus
- Interested in FinTech (experience in the sector is a plus)
- Proven experience in risk management and leading risk functions within a banking environment.
- Strong awareness and understanding of the wider business, economic and regulatory environment in Banking and Payments

**Technical knowledge and management skills**
- Ability to work effectively at an executive level and create strong credibility and confidence with the Board and wider team
- Experience in the development and maintenance of risk management frameworks and standards.
- Extensive knowledge of risk systems and controls that can deliver a robust level of monitoring and oversight to ensure the firm remains within its risk appetite.
- Working knowledge of credit portfolio management and credit modelling with proven contribution to product and commercial business executives to ensure risk appetites are aligned to commercial outcomes.
- Working knowledge and proven contribution to the ICAAP and ILAAP along with proven contributions to assist CFOs mitigate capital and liquidity risks.
- Working knowledge of Cyber and other technology risks with proven contributions to help CTOs mitigate them

**Job Types**: Full-time, Permanent

Pay: AED20,000.00 - AED65,000.00 per month

Ability to commute/relocate:

- Abu Dhabi: Reliably commute or planning to relocate before starting work (required)


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