Head of Risk Management Branch

Doha Bank; Dubai; On-site; AED 450,000 - 750,000; Full time

Job summary

Doha Bank seeks a senior risk leader to head Credit, Operational, Market & Liquidity, Governance, and related risk areas in its UAE branch.

You will collaborate with Head Office to ensure effective risk management, governance, and regulatory reporting across Basel guidelines and CB-UAE requirements.

Qualifications

• Bachelor's degree in Business, Banking or Finance
• Master’s degree in management is an added advantage
• 13–18 years of total experience in financial services/banking
• Experience in a similar capacity
• Candidates currently based in the UAE will be considered

Responsibilities

• Lead and manage the risk functions for UAE Branch (Credit, Operational, Market & Liquidity, Governance)
• Develop a risk management framework aligned with CB-UAE Basel guidelines
• Oversee risk reporting to Head Office and regulatory bodies
• Maintain robust interaction with Head Office risk function and stakeholders
• Monitor KPIs/KRIs and ensure regulatory compliance across risk categories

Education

Bachelor's degree in Business/Banking/Finance

Master’s degree in management or related discipline

Job description

Role Objective

The incumbent will be responsible for leading and managing the Credit Risk, Operational Risk (including Information Security, Technology Risk, Business Continuity, and Fraud Risk), Market & Liquidity Risk, Governance Risk, Credit Administration, and Collections within UAE branch. The incumbent will work closely with the HO Risk function to oversee overall adequacy and effectiveness of the risk management techniques/ processes and direct the team in independent and objective identification, assessment, monitoring and control of risk practices, and development of methods to enhance risk measurement and mitigation of risks for the UAE Branch, in accordance with CB-UAE and applicable Basel or other guidelines, as applicable to the branch. The incumbent will develop the risk management reporting framework in line with applicable regulatory guidelines, BCBS / Basel guidelines, and Head Office Risk Management framework.

Detailed Roles and Responsibilities

STRATEGIC

• Formulate and implement strategy, policies and procedures of the Risk department of the branch, to align with functional and organizational business strategy in close coordination with the Head Office risk management function.
• Work closely with the CRO & CCM in development and implementation of the risk management framework and risk management strategies for UAE Branch in line with the board approved Risk Appetite Statement.
• Ensure that the Risk management plans are within agreed budgets and timescales. Provide timely, accurate and complete progress reports to the reporting authorities, as and when required.
• Keep the relevant committees within Head Office and at the Regulatory Authorities’ offices informed of significant risk-related issues, according to the laid down reporting framework.
• Stay abreast of the regulatory requirements/changes set by the CBUAE and other regulatory bodies in UAE, and implement adequate changes in the risk management framework and /or department, including but not limited to staffing of employees, department deliverables etc.
• Develop and maintain robust working relationships with internal/external stakeholders of Doha Bank UAE Branch to facilitate functional/ operational/ strategic needs.

OPERATIONAL

• Review and revise the existing risk policies and procedures considering changing market conditions based on leading practices and CBUAE regulations and guidelines to ensure that a sound environment for identifying, assessing, measuring, monitoring and controlling risks are in place.
• Take requisite actions, in consultation with the CCM to help manage the governance risk of the branch to ensure the UAE branch is in line with regulatory / compliance requirements (earmarked to the UAE branch) in a timely and robust manner
• Work closely with Head Office Risk Management Department to ensure deployment of state-of-the-art tools/ systems to facilitate monitoring of risk management at product/ portfolio level.
• Contribute to the continual development, promotion and maintenance of common methodologies for identifying and assessing market/liquidity risk, credit risk, operational risk and determine the adequacy and cost effectiveness of risk treatments applied.
• Monitor risk part of capital adequacy computations for regulatory reporting with respect to CBUAE Capital Adequacy Regulations.
• Manage sound market and liquidity practices for the Bank for measuring, monitoring, and controlling Market, and Liquidity risks, in compliance with industry’s best practices, approved risk policies and procedures, and respective regulators (viz. regulators in the jurisdiction).
• Review pricing, valuation, and behavioral analysis of all Balance Sheet products to ensure a fully integrated market and liquidity risk analysis practice.
• Guide the team in continuous reassessment of the existing market and liquidity risk environment and adjust measurement and controls along with the operating model and develop methods to enhance risk measurement and mitigation for optimal performance.
• Guide the team in identification of areas with potential liquidity or ALM risk element which may be needed for escalation to the reporting authorities, Asset and Liability Management Committee (ALCO) and Risk Committee, as applicable.
• Oversee the collection and maintenance of comprehensive data (viz. amount, frequency, severity etc.) on operational losses including losses due to people, processes or systems and analyze data by reason, Department, business etc. to comply with Basel requirements.
• Work closely with Head Office to implement tools, for identification and assessment of operational risk such as Self Risk Assessment, Risk Mapping, Risk Indicators, construction/ maintenance of an Operational Loss Database etc. to facilitate consistency in monitoring and reporting of operational risks across the UAE branch.
• Oversee the implementation mechanism to track the performance of internal Departments, in line with leading practice by establishing appropriate Key Performance Indicators (KPIs), Key Risk indicators (KRIs) and Key Control indicators (KCIs) for various activities.

Educational Qualifications and Experience

• University graduate with a degree in Business or Banking or Finance or any other related discipline.
• Master’s degree in management and any other related discipline will be an added advantage.
• 13-18 years of total experience in financial services/banking industry, entailing responsibilities pertaining to the specific area of discipline.
• Prior Experience in similar capacity.
• Candidates currently based in the UAE will be considered for this opportunity.