Ref: HP704-402

Job description / Role

Employment: Full Time

To facilitate the development of the Banks business strategy to maximize Risk Adjusted Return on Capital and as per the vision set by the Banks shareholders. Work with the Department heads to develop various policies in line with the Banks business strategy.

To identify measure, monitor and control overall risks in the Bank (i.e. Credit risk, Market risk, Operational risk, Investment risk, Reputational Risk) within the various policies laid down by the BRMC and in compliance of Central Bank of Kuwait regulations.

Strategy Development:
- Assist the Board, Chairman, CEO and Department Heads to formulate the Banks strategy and business objectives to maximize Risk Adjusted Return on Capital.
- Participate in the development and implementation of the Banks business plans, ensuring optimal capital allocation. This would also include design of the Banks Business Continuity and Disaster Recovery Plans.

Business Policies and Risk Models:
- Develop, implement and establish various business policies in conjunction with the Department Heads to ensure that these are in line with the Business strategy and vision set by the BRMC, Chairman and CEO.
- Establish and implement an enterprise-wide risk management framework encompassing all policies and procedures. Oversees the development and implementation of various analytical risk management models, in order to identify measure and control Credit Risk, Market Risk, Investment Risk, Operational Risk and IT Security. Ensure adherence to BASEL II and Central Bank of Kuwait guidelines.

Risk Management Function:
- Propose a strategy for the Risk Management function in line with the Banks strategy and business objectives to ensure that the Bank maximizes its short, medium and long term profitability and returns to its shareholders equity.
- Design and implement an organization structure for Risk Management that supports the departments strategy.
- Participate as a Senior Executive Team member or as a Leader in implementing special strategic initiatives, as assigned.

OPERATIONAL
- Develop annual budget for the Risk management. Monitor variances on a regular basis and manage costs to ensure that the Departments budget targets are met.
- Supervise the preparation of and review of the annual departmental budget ensuring that adequate funding provision is made for all activities.
- Monitor, control and manage the risks involved in the different business portfolios of the Bank including Retail, Commercial and International Banking, Treasury and Investment, as well as IT & Operations infrastructure and regularly prepare reports and recommendations on the same for the BRMC, Chairman & Managing Director and department heads.
- Evaluate all Financing and investment proposals and submit independent recommendation on the same to the approving authority.
- Monitor, analyze and review the financing portfolio on a periodic basis with emphasis on credit concentrations, non-performing loans and bad debts and reports accordingly to the Chairman & CEO and BRMC.
- Monitor on a daily basis, the market risks (Liquidity, Profit Rate and Price Risks) faced by the Bank and recommend appropriate action, if necessary.
- Monitor the Operational risks of the Bank, analyze the trends and advise on required controls to be implemented including procedural changes/modifications.
- Contributes to the decision making process as a member on various management committees: ALCO (Voting member), BRMC (Invitee), FIC (Non-Voting Member), Provision Committee (Voting Member), BFIC (Invitee).
- Meets with All Banks internal and external auditors, Central bank inspectors, Rating Agencies and counterparties in other Banks both locally and internationally with a view to incorporating best practices.

Requirements

- Preferably an MBA or a Post Graduate degree in Economics and / or Finance or related discipline.
- 15 years experience in Banking in the areas of credit, investment, treasury and operations with at least 10 years in a senior role in a Risk Management function

Behavioral Skills
- Strategic Thinking
- Leadership
- Decision Making
- Communication & Presentation
- Business Acumen and applying business knowledge
- Results Orientation
- Influencing

About the Company

Established in 1996, Clarendon Parker Bahrain is an International Recruitment Specialist Consultancy based in Bahrains Seef Business District. We specialise in mid to senior level professional, managerial, technical recruitment and staffing solutions in Bahrain and beyond. Our multinational team of consultants are experienced professionals within the fields they represent. Each consultant brings strong industry links and knowledge to better understand your business requirements. We know the market and we know our candidates!

Our team of dedicated consultants specialise in the following industries:

Accounting, Finance & Banking Logistics & Customer Service Secretarial & Administration Human Resources & Recruitment Engineering & Construction IT/Telecom Marketing & PR Oil and Gas

The current range of services includes permanent and temporary recruitment, recruitment advertising campaigns, employee satisfaction surveys, state-of-the-art web-based recruitment technology and HR consulting services relating to recruitment processes and activities.

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StoreKeeper salaries in Bahrain

Average monthly compensation
BHD 250

Breakdown available for industries, cities and years of experience