Job Purpose:
Make sure to apply with all the requested information, as laid out in the job overview below.
• The Credit Risk Manager is responsible for overseeing the Bank’s credit risks, ensuring that the Bank has an effective and fit for purpose approach to managing credit risk.
• To support the Head of Prudential Risk and CRO in the oversight of credit risk, to ensure that EAB effectively manages and controls credit risk through its robust Risk Framework and underlying toolsets. In addition, the Credit Risk Manager will assist the Head of Prudential Risk in their Bank remit under Liquidity, Capital & Market Risk, as well as other tasks that arise as determined and agreed with the CRO.
• A professional who works closely with many other parts of the bank.
Oversight and Challenge
• Oversees and advises Line 1, including the Credit department, Finance and the business units, on all aspects of the Credit Risk Framework, Risk Appetite, and Credit Policies.
• Ensures all credit risk policies and procedures are fit for purpose and adhered to.
• Monitors external information sources and identifies developments in the market place and for specific exposures, and works with business to ensure that risks and knowledge is shared on a timely basis.
• Ongoing development and monitoring of measures to assess credit risk, such as key risk performance indicators (KPIs), targets, limits and thresholds. Has a key role in the development of tools for Credit Risk stress testing and scenario analysis (STSA), and analyses the results. Identifies Credit or other risk mitigation activities and actions.
• Challenges any aspect where Credit risk exists. Performs reviews on (and not limited to) credit recommendations, credit trends or concentrations, strategy compliance, limits, policy and procedures, ratings, provisions etc.
• Provide oversight and challenge of regulatory reporting produced by first line departments.
• Review of Line One Credit reporting to Board.
• Review of quarterly IFRS9 ECL calculations and provide challenge to Line 1.
• Probes for and identifies concentrations of risk, key/emerging trends, variances and anomalies, challenges the business, and ensures that appropriate mitigation is taken or risk is accepted.
• Ensures that regulatory requirements are adhered to regarding Credit, and identifies emerging requirements.
• Complete independent validation reviews on the Banks Credit Models, Including IFRS9 ECL model.
• Assists the Head of Prudential Risk in the production of the ICAAP
Reporting
• Responsible for production of Credit Risk reporting and MI for the Bank’s Governance Committees and senior management.
• Provides where appropriate deep dive credit risk analyses to the Head of Prudential Risk / CRO and appropriate committees.
• Responsible for the production of the BCBS239 data aggregation and risk report to Arab Bank Group.
Co-ordination
• Support the ongoing development of all credit risk oversight capabilities such as development of MI. Review of credit policies and documents. Prepares and coordinates all aspects of high-level risk reporting, e.g. dashboards, and enhances risk MI. Seeks to develop and enhance the automation of MI reporting.
• Review and ensure Line 1 limit monitoring is carried effectively. Escalate limit excesses to the CRO and appropriate committees. Provides where appropriate deep dive credit risk analyses to the CRO and appropriate committees.
• Works with Corporate and Credit areas to raise awareness of risk issues, to include identification of emerging risk issues, reporting, trends, concentrations and events in key risk areas. Liaise with other areas within the Risk Department, to ensure that Risk issues are identified, mitigated or resolved.
• Review internal, industry and regulatory publications. Provide commentary, analysis and recommendations both to Line One and to the Head of Prudential Risk and CRO.
Training & Competence
• Complete all annual mandatory regulatory refresher training as per the Bank's training plans and deadlines.
• Proactively seek to complete recommended technical and behavioural competencies training required for your role.