Associate Vice President – Wholesale Banking Credit Risk

4 weeks ago


dubai, United Arab Emirates Rakbank Full time
Associate Vice President – Wholesale Banking Credit RiskSenior Associate - Talent Acquisition @ RAKBANK | Naukri Gulf RecruiterDigital Banking II Risk II Credit II Customer Experience II SalesRAKBANK, also known as the National Bank of Ras Al-Khaimah, is a Public Joint Stock Company based in the United Arab Emirates (UAE). It was founded in 1976 and is one of the oldest banks in the UAE. The Bank operates within retail and corporate banking, offering a range of services including retail and business banking, credit cards, loans, investment services and wealth management.In the recent years, the Bank has achieved significant milestones which includes being named as one of the world's best banks by Forbes ME (2022) and was awarded UAE's SME Bank of the year by the Asian Banking and Finance Awards. The Bank has been successful in achieving the highest profitability and lowest cost of risk since 2015. It has also seen significant growth in its acquiring business, card spending and business loans.Being on a transformational journey, in partnership with Honeywell, RAKBANK has also taken steps towards sustainability by reducing its overall energy consumption.We are a diverse team comprising of over 3,000 employees from across 58 countries. We make conscious efforts to build talented and diversified teams and encourage people to develop their full potential. We are committed to providing a working environment that promotes work-life balance, career development, recognition and security for the future.In line with our strategy, a major part of our transformation journey is to future proof our bank and establish ourselves as a ‘Digital bank with human touch’, for our customers.So join us in co-creating the future of RAKBANKWhat You Will Be DoingEnsure the Bank maintains an adequate and effective Risk Management program covering the Wholesale segment.Ensure the Wholesale Banking Credit Policy is updated on time and disseminated to all stakeholders.Review Product Programs (PPG) for all Wholesale Banking (Non-Retail) products along with the Business Product team to ensure that the PPG’s are aligned with policies and procedures and renewed before the expiry dates.Continuously improve the portfolio management process to enhance the credit quality of the portfolio, underwriting and collections to industry best levels.Ensure ongoing tracking of Risk Triggers as set out in the Risk Appetite framework.Ensure ongoing tracking of Policy Risk triggers and those set in the PPGs.Ensure effective product performance tracking framework for the Wholesale Banking portfolio whilst facilitating business growth opportunities.Review the Portfolio MIS for BBG and WBG segments.Review the MIS packs prepared for the Risk Committees.Ensure prudent listing, maintenance and periodic reviews of the approved list of Auditors for financial statements of Wholesale Banking and Business Banking customers to effectively manage the associated risks in these areas.Ensure compliance with all Central bank Regulations as issued from time to time and to make sure Credit Policies are updated with the same.Ongoing Monitoring of Portfolio caps and triggers on periodic basis.Up to date with the market information and trends affecting the UAE/GCC market and Banks portfolio.What You Should HaveAbility to manage multiple projects and deadlines simultaneously.Excellent presentation and communication skills.Data management, research and analytical skills.Ability to collaborate with stakeholders, both internally and externally.What We Are Looking ForMinimum of 5 years’ experience in the Banking sector.Experience in Credit approving role, Market Research and Stress Testing would be an added advantage.What’s In It For YouPay for performance culture (Competitive and performance-linked compensation)Provision of medical care plan for your family and youDiverse workforce and inclusive cultureCareer development and growth opportunities by designWork with the best minds in the fieldGet opportunities to bring your whole-self to the organization and perform to your best
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