Head of Risk and Credit Support

2 days ago

Manama, Bahrain Bank ABC 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**:
Reporting to the ABC Islamic Managing Director, ABC Islamic Board Risk Committee & Bank ABC Group Chief Credit & Risk Officer, the job holder will be required to:

- Discusses credit proposals with RMs and suggest ways to mitigate risks.
- Assesses the risks of new and existing relationships and provide crisp recommendations to the MD and Credit Committee (CC).
- Ensures timely and accurate risk reporting to Head Office, BRC and the CBB.
- Ensures 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.
- Acts to resolve issues raised by Audit pertaining to the risk function within the Bank.
- Liaises with Head Office Risk for implementation of new risk systems in the Bank.
- Attends to changes in regulatory requirements.
- Ensures 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.
- Ensures 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 regular basis.
- Ensures 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.
- Communicates the key elements of Group risk management framework to all employees including the first and second lines of defense, advises on how the framework is to be applied in relation to all types of risks and oversees testing of the employees' adherence to and understanding of the framework. This will build a culture of risk awareness so that potential risk issues, actual incidents and loss events are proactively identified, mitigated (where possible) and reported in a timely and transparent manner.

Key proponent of enterprise risk management, and thereby:

- Drives the identification, quantification, governance and management/mitigation of risks incurred by the business
- Advises line of business leaders and senior leadership on the evolution of the different risks incurred by the businesses
- Coordinates the activities of Group risk disciplines [e.g. operational risk, wholesale credit risk] in support of the wholesale bank
- Acting as a conduit between global risk management and local risk management
- Providing a focal point for issues escalation, both globally [functional] and locally [entity]
- Managing 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 covering origination, assessment/approval, limit settings, disbursements/monitoring, post lending/monitoring control and mitigation. Work with all appropriate members of management team to control strategic, credit, market, liquidity, operational and compliance-related (regulatory) risks.
- Confirms the appropriateness of limits frameworks and related controls.
- Act independently from the 1st line of defense to identify and escalate issues and concerns to recommend amendments to policies, procedures, practices, etc. or the cessation of activities, businesses which lie outside of risk appetite.
- Tracks and oversees investigations and remediation of limit/cap excesses, focusing on root cause analysis and sharing across the group key learnings.
- Drives improvements in the quality of risk management information presented to local and Group Committees to strengthen decision-making:

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