Head of Risk Portfolio Management
- Recruiter
- Barclay Simpson Asia
- Location
- Abu Dhabi, United Arab Emirates
- Salary
- $200-250,000 per annum
- Posted
- 02 Dec 2015
- Closes
- 09 Dec 2015
- Ref
- 1093239
- Contract type
- Permanent
- Hours
- Full time
- Experience level
- Director
This role is a crucial portfolio management risk opportunity for a leading international bank, based in the Middle East.
Responsibilities:
- Define, develop and implement a comprehensive Risk Portfolio Management framework. This will include implementation and management of risk identification and measurement processes, systems, controls and related MIS reporting for local and international groups.
- The candidate will ensure the underlying data and MIS processes to operational effectively and provide specialist support on making risk management recommendations to the department head and / or various risk committees of the bank, as delegated.
- The candidate will liaise / coordinate risk management and project activities for the effective Portfolio & Economic Capital Management process, Risk Strategy development and ensure alignment to the overall Group Business Strategy.
- Develop a framework for linkage between risk and business objectives, ascertaining risk appetite and tolerance as they relate to future strategy of the bank, taking into account the Board's overall degree of risk aversion, current financial situation, and a impact external market factors.
- Formulate and recommend approaches to risk strategy covering critical issues such as risk asset portfolio profile (concentrations, correlations, and liquidity characteristics), capital allocations, risk distribution and return on capital guidelines.
- Bring insightful judgment in the interpretation of risk information and its impact on the business model of the bank.
- Assist in the management of fundamental prudential risks of the bank: credit/counterparty, leverage, liquidity, interest rate, currency, and other market risks.
- Support in the oversight and formulation of advice to the Senior Management on the current risk exposures of the bank and future risk strategy, including strategy for capital and liquidity management with due consideration to the current and prospective macroeconomic and financial environment.
- Develop strategic direction so as to ensure that the Bank moves further along the continuum in terms of sophistication and analytical tools with respect to capital adequacy calculation on each of the risk dimensions.
- Continuously rate / highlight the high risk sectors/ industries/ customer segments and take adequate and timely mitigating actions / recommendations to reduce, diversify, shifting of these risks.
- Within the context of rigorous stress testing and scenario analysis, understand and advise the circumstances under which the bank's profitability would be negatively impacted and provide the level of risk mitigation that is built in and the actions that would be taken in such circumstances.
- Assess independently from business line executives, and with due regard to materiality, whether a proposed product launch or the pricing of risk in particular transactions is consistent with the risk tolerance determined by the Senior Management.
Candidate Requirements:
- MBA, and professional qualifications that match the optimum standards to be successful in this role.
- 10years+ risk management expertise in a leading international bank.
- 10years expertise in risk portfolio management in a mature risk environment.
- Leadership capabilities, such as required in a challenging and vigorous role as this.
- Excellent communication skills (english).