Head of Group Credit Risk Policies

McGregor Boyall

Abu Dhabi, UAE

Ref: NP388-17

Job description / Role

Employment: Full Time

Our Client is one of the top tier banks in the Middle East and is looking for a Head of Group Credit Risk Policies to join their Group Credit Risk Policies team in Abu Dhabi. This person will report to the Head of Group Credit Risk Policies, the position will sit within the Group Credit Risk Policies Department - Group Risk Management Division.

The main purpose of this position can be highlighted as follows:
To articulate, oversee and drive the creation / revision of all Policies relating to Risk, particularly Credit Risk ensuring cohesion with Our Clients Strategic Plan and alignment with the Groups chosen risk appetite.
To be the central referral point on all Group Risk Policy & subsidiary policy requirements. This covers the Group Wholesale Banking (including Global Markets and Global Banking), Gulf Commercial and Retail Banking, (including Commercial & Consumer), Global Wealth (including Private Banking and Investment Banking) as well as the Group subsidiaries covering Islamic Banking, Leasing & Financial Services and specific requirements of overseas units (IBD) including overseas subsidiaries.
To manage the Group Credit Policy Manual (GCPM) and any required developments and to oversee the deployment and implementation of the GCPM web-based IT-Tool on Intranet.
To facilitate implementation of approved risk policies in liaison with H-GCR and respective Heads of Underwriting, Divisional CROs and businesses, periodic reassessment and required amendments based on feedback from market, Business Divisions and internally, from GRMD Domestic & International Advances.
To guide International Units and Domestic and International subsidiaries in developing their Local Credit Policy Manuals (LCPMs) & Standalone Credit Policy Manuals (SCPMs) in alignment with the GCPM.

For Wholesale Banking, Gulf Commercial and Retail Banking & Private Banking
Independently review and discuss with Subject Matter Experts, Divisional CROs and concerned Business Divisions all content in the GCPM and amendments thereto.
Review the LCPMs & SCPMs relating to international units, domestic and international subsidiaries, liaise with Document Controllers within GRMD as necessary, resolve issues and recommend to H-GCR for concurrence thereon prior to final approval thereof by CCO/GCRO/GRC.
Provide business requirements to the external vendors for any further development of GCPM Web-based IT-Tool, in coordination with ITD, conduct UAT, followed by Deployment and implementation / hosting on Intranet and approve all additions and amendments to GCPM on Intranet and oversight of maintenance of the IT-Tool.
Develop credit application / business templates and review and rationalize all credit process and related procedural issues, determine MIS requirements and usage thereof on an ongoing basis for improved risk management and decision-making.
Assist Risk Solutions in implementing automated workflow from a policy and credit process perspective. Assist in the development of the Annual Risk Strategy and formulating the Credit Underwriting Standards for the Group; take measures for implementation in coordination with various businesses / subsidiaries and H-GCR.
Maintain continual dialogue with Credit Underwriters for a two-way exchange and cross-update of market information with credit risk policy implications.

For Group Subsidiaries / Overseas branches
Review all LCPMs & SCPMs credit policies, ensure alignment with the Risk Strategy, Risk Appetite and credit policy of the Group, communicate necessary changes, coordinate approval thereof by GRC and advise approvals.
Coordinate with Document Controllers in various functions within GRMD for the development of respective areas internationally.
Provide support to Gulf International Risk in drafting risk policies, risk strategy related information/responses to License Applications, developing, establishing and reviewing all retail, enhancing Country Limits establishment methodology / process etc.

Requirements

JOB KNOWLEDGE, SKILLS & EXPERIENCE

Minimum education required: Bachelors degree in finance with a professional Risk / finance qualification or an MBA.
Over 15 yrs well-rounded multi-functional international banking experience, of which at least 7-8 yrs in the Credit Control function and prior experience in wholesale Banking with knowledge in project finance, Trade Finance & syndication.
Knowledge in Investment, Private Banking and retail products, market practices, business trends and economic developments and developments in the banking industry within the region and internationally.
Technical expertise in credit analysis, corporate and retail, preferably with professional credit skills competency / qualification. Reasonable understanding of laws domestic and international, good understanding of regulatory requirements.
Working knowledge of operations and operational systems and processes.
The incumbent requires leadership attributes and strong interpersonal skills as well as the ability to communicate effectively both orally and in writing. Moreover, he/she should have sensible and logical approach towards assessing credit policy and strategic risk requirements for recommending measures / changes.

About the Company

Established in 1987, McGregor Boyall is a global recruitment consultancy providing permanent and contract / interim professionals across a wide variety of disciplines including Technology, Risk, Finance, Compliance, Legal, Marketing and HR & Talent Management. Since our inception, we have built an unrivalled reputation for helping organisations recruit the very best talent to ensure that they realise their business and operational objectives.

Headquartered in the city of London, and with further offices throughout the UK (Manchester, Birmingham, Edinburgh and Glasgow) as well as globally in Dubai and Singapore, we are able to offer recruitment solutions throughout the UK & Europe, Middle East and Asia Pacific regions.

Get personalised updates on latest vacancies
Job Alerts by Email
  • Personalised updates on latest career opportunities
  • Insights on hiring and employment activity in your industry
  • Typically sent twice a month