Head of Risk and Credit Support

3 days ago

Manama, Manama, Bahrain Arab Banking Corporation Full time
Head of Risk and Credit Support - Bank ABC Islamic

Bank ABC seeks to recruit a Head of Risk and Credit Support in the Bank ABC Islamic Division based in our Head Office, in Bahrain.

The Head of Risk and Credit Support will be responsible for the below:

  • The governance, oversight, development and management of:
    • A strong, independent but commercially aware Risk Management function covering all classes of risk affecting the bank including, credit risk, market risk, operational risk, regulatory risk, conduct risk and reputational risk.
    • Preserving high standards of risk assessment and appraisal, and manage controlled development of the Subsidiary's risk portfolio in line with the Risk Strategy set by the Board and ABC Group policies.
    • Maintaining a proactive and professional approach to risk management and developing an enterprise-wide risk management culture across the bank to embed risk awareness, the three lines of defense model and procedural integrity.

In coordination with the Head Office Credit and Risk functions, this is a second line of defense role.

Responsibilities of the role:

  • Discuss credit proposals with RMs and suggest ways to mitigate risks.
  • Assess the risks of new and existing relationships and provide crisp recommendations to the MD and Credit Committee (CC).
  • Ensure timely and accurate risk reporting to Head Office, BRC and the CBB.
  • Ensure implementation of regular monitoring and compliance with covenants, approval conditions and credit administration issues.
  • Be the point of contact with the auditors for risk-related matters.
  • Act to resolve issues raised by Audit pertaining to the risk function within the Bank.
  • Liaise with Head Office Risk for implementation of new risk systems in the Bank.
  • Attend to changes in regulatory requirements.
  • Ensure regular, efficient and comprehensive risk forum meetings are conducted within the Bank.
  • Act as Secretary to the Board Risk Committee of the Bank and answer queries raised by members of the Committee. Fully responsible for conducting all BRC meetings including preparing BRC packs, minutes etc., on time.
  • Ensure that Bank ABC Islamic banking governance, policies and procedures are aligned with both Group guidance and local regulatory requirements and that they are kept up-to-date, effectively communicated and understood by all employees, and that adherence is tested and confirmed on a regular basis.
  • Ensure that Bank ABC Islamic risk appetite is set in line with Group guidance, Board direction and local regulatory requirements and that the risk appetite drives the strategy adopted by the Bank.
  • Communicate the key elements of Group risk management framework to all employees including the first and second lines of defense, advise on how the framework is to be applied in relation to all types of risks and oversee testing of the employees' adherence to and understanding of the framework.

Key proponent of enterprise risk management:

  • Drive the identification, quantification, governance and management/mitigation of risks incurred by the business.
  • Advise line of business leaders and senior leadership on the evolution of the different risks incurred by the businesses.
  • Coordinate the activities of Group risk disciplines [e.g. operational risk, wholesale credit risk] in support of the wholesale bank.
  • Act as a conduit between global risk management and local risk management.
  • Provide a focal point for issues escalation, both globally [functional] and locally [entity].
  • Manage other pertinent risks viz. market risk and operational risk etc. through effective risk management/credit risk policies, processes and strong end-to-end debt management model.
  • Confirm the appropriateness of limits frameworks and related controls.
  • Act independently from the 1st line of defense to identify and escalate issues and concerns.
  • Track and oversee investigations and remediation of limit/cap excesses.
  • Drive improvements in the quality of risk management information presented to local and Group Committees.
  • Advise Group leadership on the risk management performance of material risk takers within the Bank.
  • Ensure compliance with Group-wide Control Standards.
  • Build credit awareness & three lines of defense risk culture within risk & business staff in the Bank.
  • Evaluate credit risk (financial, transactional and other) relating to new Corporate and FI business proposals.
  • Work with the Business to agree on business framework for expansion into country/sector etc.
  • Evaluate country risk (economic/political) using all available sources.
  • Manage the risk management function in support of the wholesale banking.
  • Proactively seek to remain up to date on the most innovative thinking, trends and changes that impact our industry and business.
  • Work in close cooperation with Group Credit to ensure consistency in credit approach.
  • Liaise and work with external regulators and external auditors.
  • Resolve audit issues relating to risk and credit in a timely manner.
  • Promote a culture of risk control and compliance within the Bank.
  • Undertake portfolio studies of credit risks within a unit, industry or economic sector.
  • Review impaired asset report prior to submission to HO.
  • Review and prepare risk reports for presentation and discussion in BRC meetings.
  • Liaise and lead the annual review process of the external rating of the Bank.
  • Participate in consultations issued by the CBB, relating to risk, and provide timely responses.
  • Provide credit and risk support to the Global Head of Islamic Banking.

Areas of Knowledge, Qualification and Experience:

  • More than 15 years in banking, majority of which in risk areas.
  • Master degree in Business Administration/Finance or other related disciplines.
  • Professional risk qualification.
  • Deep understanding of credit and risk fundamentals.
  • Deep understanding of the Group's risk culture.
  • Awareness of Corporate Governance.
  • Knowledge of CBB Rulebook, in particular credit and risk modules.
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