AVP - Group Risk Management (Gift City)

Company Description

Join UAE’s largest bank and one of the world’s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders and communities to grow through differentiation, agility and innovation. We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting & dynamic industry. 

Job Description

JOB PURPOSE:

The job holder:

• Ensures that Enterprise, Operational and Fraud risks across all local Business Lines and Functions are properly identified, assessed, controlled and reported in accordance with the First Abu Dhabi Bank Group’s (“Group”) frameworks, policies and procedures.
• Ensures that all relevant local regulatory guidelines are properly adhered to.
• Actively contributes as a valued member of local and Group risk management initiatives.
• Performs a Second Line of Defense (SLOD) role, overseeing risk management activities to support sustainable growth of the local business.
• Maintains appropriate working relationships across all businesses and functions to ensure Enterprise, Operational and Fraud risk management activities are undertaken and completed in a timely and comprehensive manner.

KEY ACCOUNTABILITIES:

Risk Governance

• In conjunction with FAB Group Risk Management, lead and manage the comprehensive Enterprise, Operational and Fraud risk reporting framework (covering risk profile of FAB Gift City Franchise, macro risks factors, risk mitigations plans etc.) for local and Group Risk Committees.
• Align the local Enterprise, Operational and Fraud risk management approach to the Group’s frameworks, policies, methodologies and risk appetite, and oversee its effective application.
• Ensure that all relevant local regulatory guidelines are properly adhered to.
• Perform the role of the Secretary of the Gift City Branch Risk & Compliance Committee (“GC-BRCC”) if so set up, ensure proper and timely conduct of the meetings and thereby assist the Committee in taking appropriate decisions to manage the risk profile within set appetite.
• Ensure that all relevant reports are prepared timely and accurately and meet local and Group requirements, policies and quality standards.

Risk Appetite and Strategy

• Contribute to the formulation, implementation and delivery of risk strategy in line with the Bank’s vision, mission, values and priorities. Ensure that performance is monitored, reported and delivered and necessary actions are taken to achieve the strategy and plans.
• Monitor the Risk Appetite Metrics Thresholds vs the Actuals and reporting of breaches.
• Assess and report the local risk profile periodically, applying the Group’s approaches and taking into consideration relevant internal, external and emerging risk factors.
• Advise and recommend changes to business practices / control environment to bring the level of risks within agreed appetite.
• Validate and where appropriate, challenge Business Lines and Functions to demonstrate that risk origination and control decisions locally are properly informed and are consistent with risk appetite.
• Ensure that effective management response plans are in place locally to respond to extreme but plausible scenarios.
• Direct appropriate response to local material events and risk issues.

Risk Control and Ownership

• Develop and maintain local risk identification, measurement and assessment capabilities which are objective and consistent with the Group’s approach across Business Lines and Functions. Engage relevant stakeholders in the establishment of control parameters, standards and thresholds as appropriate.
• This includes ensuring the accurate and timely completion of periodic Key Risk Indicator (“KRI”) updates, Risk and Control Self-Assessment (“RCSA”) exercises and relevant ad-hoc reviews by Business Lines and Functions.
• Ensure that the Inherent and Residual risks are understood and agreed with Business Line / Function / Branch leadership.
• Review the completeness of risk identification, monitoring and control / mitigation activities across the Business Lines and Functions to identify any significant gaps, including compliance with applicable regulatory requirements for rectification.
• This includes the review of local policies, standard operating procedures, change management plans, outsourcing arrangements and product programs as appropriate.
• Ensure that the risks of processing failure are identified, assessed and controlled on an end-to-end basis, including the design of controls and systematic monitoring for control effectiveness.
• Ensure that material risk exposures and associated issues are appropriately reported to relevant risk management and compliance committees.
• Prepare CRO report / ERM dashboard for FAB Gift City Franchise in line with overall GCRO report framework and regulatory requirement.

Issue and Incident Management

• Ensure that local Business Units and Functions appropriately record and manage control weaknesses or gaps as Issues for timely resolution.
• Ensure that local Business Units and Functions approporately capture and manage control breakdowns as Incidents on the Group’s risk management system (Archer) in accordance with applicable Group policies and procedures.
• Prepare periodic Branch / regional issue and incident risk management information to facilitate Second Line of Defence oversight.
• Undertake trend and issue / incident-specific analyses, including fraud incident analyses where applicable, to identify any systemic concerns.

Fraud Risk

• Provide oversight and support for investigations and reporting of fraud-related incidents or near-misses, including root-cause analyses and remedial action plans.

Outsourcing

• Review and challenge of Outsourcing Risk Assessments.

Credit Risk

• Roll-out Credit risk policies & procedures across all products in FAB Gift City Branch.
• In conjunction with Group framework, set up the Industry and Portfolio Risk Limit Framework and ensure that the limit framework is in compliance with the Group Framework.
• Classify NPL & PDNI as per regulatory guidelines and calculate the provisioning requirements as per the regulatory guidelines and IFRS 9 requirements. Prepare the monthly NPL schedule, PDNI Schedule and annual forecast as per the group reporting framework
• Monitor the Credit Exposure for FAB Gift City Branch and analysing / reporting of deviations vis-a-vis the Country, Industry and portfolio limit set
• Prepare the Credit Risk report in line with overall Credit Risk dashboard framework and regulatory requirement.
• Submission of required regulatory reports / returns covering Credit Risk.

Relationship Management

• Maintain appropriate working relationships across all businesses and functions to ensure relevant risk management activities are undertaken and completed in a timely and comprehensive manner.

Values and Risk Culture

• Act as a role model and drive adherence to organizational values and ethics by employees to ensure the establishment of a values-driven culture within the FAB Gift City Franchise.
• Champion the development of a risk culture within FAB Gift City Franchise to drive heightened awareness and understanding of prudent risk management practices.

Corporate Governance SPOC

• Perform the role of Corporate Governance SPOC for Fab Gift Branch, India.
• Liaise with Corporate Governance Head Office on matters of Corporate Governance Framework Document including individual committee charters
• Ensure that Governance Framework and Charters are current and valid.
• Collate data on Committee Meetings and consolidate periodic returns to Head Office
• Attend Regulatory Issues on Corporate Governance
• Advise locally on Corporate Governance matters in co-ordination with Head Office.

Job Context:

Team Support and Leadership

• Provide direct oversight and guidance to relevant local team members to support delivery of work and personal development of these staff.

Advisory and Best-Practices

• Provide risk advisory services across businesses and functions, including to relevant first-line risk staff.
• Pro-actively share insights with risk colleagues across the country, region and Group to ensure continuous improvement and adoption of best practices.

FRAMEWORKS, BOUNDARIES, & DECISION-MAKING AUTHORITY:

• Functions within the framework and boundaries of Group & Gift City Branch policies as well as overall organizational and governance frameworks.
• Take decisions as per relevant approved authorizations.

Qualifications

Degree qualification with at least 10-12 years’ relevant experience in corporate / institutional and / or retail banking

Additional Information

Core Competencies:

• Relevant business / function experience in Corporate & Institutional Banking, Transaction Banking and / or Retail Banking.
• Sound understanding of the FAB Group’s approach to the management of Enterprise, Operational and Fraud risks, or equivalent experience gained in other organizations.
• Ability to work in a matrix organization, leveraging resources and capabilities across country, region and Group to complete deliverables.
• Demonstrate sound judgment and the courage necessary to perform a control role while maintaining effective working relationships.
• At all times, demonstrate behaviors consistent with our corporate values of:
  • Customer First
  • Knowledgeable
  • Enterprising
  • Collaborative
  • Trusted

Other Knowledge, Experience and Personal Attributes

• Competent in MS Office
• Process knowledge
• Positive attitude towards problem solving
• Attention to detail and able to work independently
• Excellent verbal and written communication skills

#LI-KT1