Senior Manager Risk Management

Key Result Area:

Support the Head-ERM in developing, reviewing, and implementing the bank's Risk Management Policies, Frameworks, and Manuals, ensuring alignment with regulatory requirements, Group standards, and market best practices.

Assist in implementing local addendums to group policies, ensuring they meet regulatory requirements and reflect the bank's risk appetite.

Aid in regularly reviewing and updating risk policies to adapt to changing market conditions, regulatory developments, and risk landscapes.

Assist in establishing and maintaining robust risk governance structures, integrating risk management practices into the bank's overall strategy and decision-making processes.

Support the preparation and provision of comprehensive risk update packs and presentations for the Board, Asset Liability Committees, senior management, and regulators, highlighting key risk exposures, trends, and mitigation strategies.

Assist in ensuring compliance with Basel Pillar I & II requirements, particularly in the estimation of risk-weighted assets (RWA) and capital, development/preparation of ICAAP document, performing stress testing for assessment of capital for Pillar II risks, and ensuring alignment with regulatory standards.

Support compliance with IFRS-9, focusing on the Expected Credit Loss (ECL) model, which includes Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) models.

Aid in managing the submission of regulatory reports, including Basel RWA and capital estimation, IFRS-9 ECL, regulatory Stress Test reports and related disclosures, ensuring accuracy and timeliness.

Serve as a point of contact for regulators, auditors, and other external stakeholders on matters related to enterprise risk management.

Support the Head-ERM in the development, enhancement, and maintenance of quantitative models for IFRS-9 and Basel, including RWA, ECL, PD, LGD, and EAD models.

Assist in conducting stress testing, scenario analysis, and macroeconomic modeling to ensure the bank's resilience in adverse conditions.

Help ensure that all models are validated and comply with regulatory and group model management standards.

Aid in managing interactions with regulators, external and internal auditors regarding model validation, regulatory reporting, and risk assessments.

Assist in coordinating and supporting internal, external, and regulatory audits, addressing any observations and ensuring compliance with audit requirements.

Support the preparation of validation reports for IFRS-9 models and monitor outstanding issues to ensure timely resolution.

Assist in ensuring the integrity and accuracy of data used in regulatory reporting and risk assessments, developing and maintaining MIS reports for risk measurement.

Support the development of Enterprise Risk Dashboards and perform analytics for risk updates and presentations to the board and its relevant committees.

Aid in creating business requirement documents for the automation of risk processes and the development of monitoring dashboards for senior management & risk committees.

Support the implementation and management of Basel Pillar I capital rules, aiding the ongoing development of capital strategies and planning.

Support the implementation and monitoring of market risk limits, escalating breaches to senior management and relevant committees as per the defined escalation matrix.

Aid in formulating a separate framework for monitoring and managing Shariah-compliant products.

Assist in supervising risk calculations and monitoring of limits, including sensitivity analysis, stress testing, and dealer & counterparty limits for all products exposed to market risk, as approved by CRO & ALCO.

Contribute to developing guidelines and methodologies for stress testing of all products exposed to market risk, ensuring alignment with international best practices & local regulatory standards.

Support the periodic analysis of Liquidity Risk and Interest Rate Risk in the Banking Book (IRRBB) for the bank's entire operations, ensuring compliance with policies, procedures, regulatory requirements, and best practices.

Assist in providing technical leadership on regulatory developments affecting IFRS-9 ECL and staging, ensuring methodologies align with Central Bank requirements.

Operating Environment, Framework and Boundaries, Working Relationships

Maintains strong working relationships with internal stakeholders, including the Risk Management, Finance, Treasury, and IT teams, to ensure alignment of risk management and financial reporting efforts.

Operates within and contributes to the bank's risk management frameworks, ensuring policies, procedures, and controls align with regulatory and strategic objectives.

Ensures adherence to Basel, IFRS-9, and local banking regulations, working within a stringent regulatory environment and supporting internal and external audits.

Acts as a key point of contact with regulators, auditors, and external consultants, ensuring compliance with regulatory requirements and effective management of risk-related inquiries and audits.

Candidate must have

• Strong analytical and problem-solving skills
• Working knowledge of credit risk principles and risk modeling techniques.
• Proven experience in developing, implementing, refining, and validating models in retail or wholesale environments.
• Experience in developing and refining system tools for management information systems (MIS) and addressing current gaps.
• Working with IT to resolve database, workflow screen conflicts, new system developments and Implementation of monitoring dashboard and UAT's

Ability to apply structured frameworks to address and resolve unstructured problems effectively.

Decision Making Authority & Responsibility

• Responsible for developing and validating models, ensuring methodological accuracy, maintaining comprehensive documentation, and managing reporting processes related to IFRS 9 impairment computation, Basel Pillar 1 requirements, and stress testing.
• Disclosure reports and regulatory submissions in line with Central Bank guidelines
• Ensure model implementation and methodology are compliant with Regulatory requirements
• Ensure that all regulatory reports will be submitted within the stipulated timelines
• Be responsible for model changes and authorization thereof
• Ensure seamless validation of model results

Ensure model 'black box' integrity – model confidentiality

Knowledge, Skills and Experience

• Overall 7+ years of experience in credit risk management in the areas of risk modeling, regulatory reporting, impairment computation including disclosure reporting and advanced analytics
• Strong understanding of IFRS 9 standards driving Expected Credit loss computational activities and impairment measurement in Financial Reporting
• Experience in macroeconomic model development based on time-series forecasting and conducting detailed validation & diagnostics
• Macroeconomic scenario analysis and working knowledge of estimating risk metrics based on baseline and adverse outlook
• Working knowledge of Stress testing for retail / wholesale portfolios
• Experience/ understanding of process mapping, governance activities, writing of policies and committee management in a Risk function of a financial institution
• Focused and organized, with ability to prioritize and deliver effectively under strict timelines
• Strong inter-personal and communication skills to work effectively with stakeholders from different functions; comfortable in building relationships at various levels and across the organization
• Expert knowledge of Basel norms and modeling techniques
• Degree in Quantitative / Statistics / Engineering / Actuarial Science / Mathematics / Finance would be a preferred
• Additional financial or risk certifications such as CFA or FRM are desirable.
• Strong analytical, numerical, research and problem-solving skills
• Experience in developing dashboards using business intelligence tools.
• Ability to present technical concepts for business understanding
• Self-motivated person with a high level of drive, dedication and desire to excel consistently

Team player, self-starter, innovative and highly motivated