Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services.
CBD has been recognized as the number one bank in the UAE on the Forbes list of The World's Best Banks 2022.
As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile.
Job Purpose
Manage the upkeep of the Risk Management Framework and associated Enterprise Risk policies and perform the associated governance activities including model management and 2nd LOD assurance risk reviews.
Principle Accountabilities
- Support the annual review and update of the Bank's Risk Management Framework and Risk Appetite Statement. Ensure that RAS measures and limits continue to be relevant and are aligned with the Bank's Risk Strategy and RAS Policy and appropriately cascaded within major business lines.
- Oversee the Material Risk Identification process, ensuring top and emerging risks and risk map assessments are appropriately challenged and Pillar II risk coverage is appropriate.
- Maintain and update as necessary enterprise risk policies covering inter alia RAS, Stress Testing and ICAAP. Support the operationalization of Business Unit RAS / KRIs.
- Conduct second line of defense assurance reviews covering Risk Management activities i.e. Risk Appetite, ICAAP, Stress Testing, Pillar II, RAROC, Model Lifecycle. Agree Findings and their resolution with Risk Owners and author high-quality reports for senior management consumption.
- Act as secretary to the Model Oversight committee, including compilation of MOC packs, ensure compliance with the Model Management and Governance Policy. Maintain the Model Risk inventory and coordinate model validation activity including logging findings raised and challenge responses to these prior to recommending for closure. Support HO-RG with the Bank's Model Validation programme.
- Support the resolution of open Action Points emanating from multiple sources i.e., Management / Board Committees, regulatory bodies, internal audit, Self-Identified Findings, utilizing the GRC tool (MetricStream) where possible. Monitor Model Risk Gap remediation plan to closure.
- Ensure Risk Governance owned risk policies are reviewed and updated in accordance with Bank's Policy Management Framework requirements.
- Contribute to Risk Governance projects, system and reporting developments, including communication with third-party vendors.
- Review and assess relevant CBUAE consultation documents and new regulation including coordinating gap analyses and leading or contributing to necessary remedial activities as required.
- Coordinate and prepare the monthly Culture Dashboard for RMCC and REMCO submission, including challenge of paths to green for metrics outside tolerance.
- Prepare updates for presentations on Risk Governance topics at risk committees as required.
Requirements:
Experience And Qualifications
- 10+ years of experience in commercial banking including experience in a Risk function and / or associated audit experience
- Balance Sheet and Liquidity Management, Profitability Analysis
- Good understanding of risk management practices and overall banking knowledge across 1st LoD and 2nd LoD activities
- Degree in finance, accountancy, banking studies, mathematics, business studies.
Skills
- Excellent policy and report writing skills.
- Planning and organizing skills.
- Presentation skills.
- Software: strong Excel, experience in BI tools, report writing and statistical tools.
