Jobs Management in Saudi Arabia
ROLE PURPOSE:
To be responsible for facilitating the execution of the Enterprise-wide Risk Management (ERM) in the Bank including the following risk disciplines: Risk Strategy and Risk Identification, Risk Measurement, Investment Risk, Credit Risk, Operational Risk, Market Risk, ALM Risk, AML/CFT Compliance Risk, Reputational Risk and the applied mitigation techniques.
To provide strategic direction, leadership and oversight to ensure that the Bank and Group maintains acceptable risk profiles and serve as the focal point for the external credit rating agencies.
KEY ACCOUNTABILITIES & ACTIVITIES:
Strategy Development and Business Planning
* Lead formulation of the risk appetite of the Bank and Group and embedding the risk culture in the strategic decisions.
* Lead the formulation, development and implementation of the Department strategy in support of IDB's goals and in response to emerging trends or client/customer needs.
* Develop, implement and monitor the Department's business plans, KPIs budgets and objectives; provide regular management reports that include insight, analysis, forecasting and comment on Department performance and results.
* Identify opportunities and champion initiatives that enable the Department to increase its impact, encouraging team members to fully contribute.
* Coordinate and interface with other Departments in order to obtain buy-in to the risk management approach and implementation of the strategy.
Risk policy and Framework
* Define the Enterprise-wide Risk Management (ERM) architecture including identification, measurement, monitoring, reporting and mitigation.
* Establish Group's strategic risk management approach in capital adequacy, asset-liability management (ALM), credit exposure and operational processes and aligns to IDB Group's overall strategy.
* Define and manage the IDB Group's risk framework including risk policies and procedures in order to enable proactive risk management within the context of a dynamic operational environment and best practices.
* Communicate risk policies to all departments within the Bank and IDB Group members and facilitate capacity building and awareness sessions to enhance effectiveness of implementation.
* Implement policies and tools to mitigate against Compliance Risk (AML/CFT/KYC) for the Bank and the IDB Group.
Monitoring & reporting
* Monitor the adherence to procedures, methodologies, approach and systems used in risk management throughout the bank and recommend/monitor implementation of corrective actions as considered appropriate.
* Monitor all activities related to risk identification and assessment of the various stakeholders involved in the financing and investment operations of the IDB Group.
* Establish and monitor exposure limits for counterparties, capital adequacy and liquidity levels.
* Monitor and report a broad range of advanced risk measures (such as stress testing, value-at-risk, risk factor sensitivity analysis, and other measures) to enable the IDB Group Management to have a comprehensive understanding of risk positions, market conditions, and the impact of new initiatives.
* Champion deployment of robust risk monitoring and reporting tools including risk MIS, dashboard reporting, integrated risk and compliance monitoring at portfolio level, etc.
* Submit quarterly risk reports to GRMC, Management and Audit Committee of the BED highlighting performance against risk parameters and overall risk positions, including stress testing of both the liquid and long-term assets, of the IDB Group and its affiliates.
Advisory
* Provide the highest level of advice and recommendations to Bank and IDB Group Management on risk guidelines, regulations, compliance requirements and customer due diligence.
* Propose enhancements to the risk governance of the Bank and Group including revision to existing committees, improvement of governance functions, etc.
* Advise on the develo
Job Details
| Date Posted: | 2016-05-20 |
| Job Location: | Saudi Arabia |
| Job Role: | Management |
| Company Industry: | Accounting/Auditing |
Preferred Candidate
| Career Level: | Management |
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jobs Director, Group Risk Management Department - Islamic Development Bank (IDB)
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