Executive Manager-Credit Risk Monitoring Policies & Compliance

Purpose and Scope:

The Executive Manager- Credit Risk Monitoring, Policies & Compliance leads and manages the credit risk planning, management information systems (MIS), Policies, and compliance aspects. The jobholder oversees the issues related to wholesale and retail credit risk portfolios within the bank, assessing the sufficiency of the credit risk review framework, design and adequacy of the related practices, ensuring appropriate monitoring, risk assessment and compliance with policy, procedures, regulatory requirements and regulations.

Job Roles & Responsibilities

Strategy, Planning and Management

Strategy Formulation

• Manage the function with a responsibility to provide independent, objective, reliable, valued, and timely assurance to the business, management and committees.

Planning and Management

• Develop and implement strategic plans and initiatives for managing Retail credit risk portfolio.
• Develop, implement, and continuously enhance credit risk monitoring policies and procedures in alignment with the bank's risk appetite and regulatory requirements.
• Design and maintain robust MIS frameworks to provide timely and accurate reporting on credit risk metrics, portfolio performance, and compliance with internal policies and regulatory requirements.
• Drive continuous improvement initiatives to enhance the efficiency, effectiveness, and agility of credit risk monitoring, policies, and compliance frameworks.

Operations, Review and Reporting

Understanding

• Maintain updated knowledge of rules, regulations and standards in the concerned field and related matters of interest to the department.
• Provide an independent risk perspective and manages the credit risk review proactively to ensure high quality of credit assets.

Fieldwork

• Lead the proactive reviews of the loan portfolios, ensuring appropriate risk assessments are maintained to advise the Business and Management on the identified risks and recommended actions.
• Ensure an effective Management of the credit underwriting process from the point of initiation of the deal at the BU level until its approval by the Approving authorities.
• Facilitate in compiling comprehensive risk analysis within the agreed SLAs on the proposal for initial sharing with the BU and recommends possible risk mitigation strategies and credit enhancements to facilitate the overall risk-return to the approving authorities
• Ensure regular monitoring of the credit portfolio and identifying early signals/ high risk accounts on an ongoing basis based on the client’s account conduct, local market intelligence etc. and subsequently highlighting the same to the senior management and approving authorities.
• Ensure adherence to internal policies and external regulations governing credit risk management practices, including Basel III guidelines.

Review and Monitoring

• Monitor and evaluate credit risk exposures within retail credit portfolios through ongoing analysis of various risk indicators and metrics.
• Monitor and analyse credit risk metrics, including but not limited to, credit quality indicators, portfolio performance, concentration risks, and stress testing results.

Reporting

• Generate and escalate periodic and ad hoc reports while ensuring accuracy and timeliness.
• Manage and review the production of Board and Board risk committee reports
• Ensure accuracy and quality of submitted work with minimal reiterations and follow high ethical standards.

Stakeholder Management

Internal Interactions

• Work with key stakeholders, business areas and related units to improve and enhance the effectiveness and efficiency of the credit review cycle and its related processes. Including but not limited to process automation, improvement in controls, reduction in paperwork, reduction in cycle times & minimizing the number of potential errors.
• Collaborate with other risk management functions on Group Risk initiatives and problems that impact the Risk Strategy and overall risk profile of the bank. Act as a department representative for Moody’s Risk Analyst and coordinates with Risk Change Programme Manager, IT, BU’s and vendors on all future developments of the tool.
• Participate in the various cross-functional committees/teams for multiple purposes to achieve optimal cooperation and to assume seamless quality/service.

People Development

• Drive effective selection and development of staff.
• Evaluate performance and recommend developmental interventions for the team
• Coach the team in resolving complex or challenging issues while understanding their perspective.
• Maintain and promote positive work culture and ensure high engagement levels of the team.

Succession Planning

• Develop own successor(s) and commit to assist in the development of the knowledge and skillsets required; with the guidance and in coordination and support of Human Resources & Development Group, ensuring successor(s) readiness within the agreed time frame.
• Ensure and be involved in the identification, assessment, development planning and review of own successors.
• Coordinate and consult with GFH (where applicable) and Human Resources & Development Group for the application, selection and implementation of Succession Plans.
• Discuss career development plans & provide employees with opportunities for development.
• Partner with Human Resources & Development Group to ensure alignment and linkage of succession plans with other Human Resources initiatives.

Job Specifications:

• Educational Qualification(s): Bachelor’s degree or equivalent in a related field
• Certification(s): CCM, ACCM, CFA, FRM, or Equivalent
• Experience: Minimum 12 years of experience (Including at least 10 years in a bank or financial institution within a similar field with an extensive experience in wholesale credit, banking products, loan review capacity including In-depth knowledge of commercial lending practices and products, related regulations. Knowledge of Power point, Excel, Word etc.
• Language(s) known: English (Proficient) and Arabic (Proficient).