Business Risk Manager

Job description / Role

Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services.

CBD has been recognized as the number one bank in the UAE on the Forbes list of The World's Best Banks 2022.

As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile.

Job Purpose
• Improve the quality of the SME Banking portfolio and maintain its quality by acting preventively to avoid accounts non-performance, and implement Due Diligence measures for SME Banking Accounts on-boarding

Principle Accountabilities
• Developing policies and procedures and implementing Dynamic Monitoring measures of the SME Portfolio.
• Develop and review policies to Ensure proper implementation of SME Onboarding Due diligence.
• Manage a Team of Business Risk Officers / Senior Officers, and drive them towards implementing effectively and efficiently the Objectives of the Bank and the Department's strategy.
• Conduct Due Diligence on identified accounts to prevent their deterioration at an early stage.
• Work with the Unit Heads, and RMs to ensure minimum levels of exceptions.
• Work with the Unit Heads to ensure the proper Triple C management, and the timely implementation of the conclusions.
• Assist the Unit Heads and RMs in negotiations with clients having deteriorating credits for a smooth exit of the relationship.
• Negotiate with identified customers to explore the possibilities for an amicable settlement of liabilities towards mutual interest before initiating legal action.
• Establish effective & professional communication (both internal and external) to ensure turnaround time within designated parameters and higher client satisfaction levels.
• Develop a strong level of local contacts with the local businesses and financial institutions community.
• Assist the Head of products and the Head of Business on various projects having the goal of reduce the cost of risk within the SME Banking portfolio.
• Conduct Monthly and annual reviews on Business asset finance portfolio as per the defined criteria in the policy and highlight the red flags to the head of credit and head of collections
• Assist the product head on the IT projects (BRDs and UATs) related business banking

Requirements

Requirements
Education and Experience
• Degree in accounting, finance, Economics, or business management.
• 8 years banking experience of which Minimum 3 years in Business Risk Manager position with a reputed Financial Institution

About the Company

In 1969, when we at Commercial Bank of Dubai started out little did we know that sheer grit and determination would get us where we are today. An Emiri Decree issued by His Highness the Late Sheikh Rashid Bin Saeed Al Maktoum, the founder of modern Dubai, laid the cornerstone of Commercial Bank of Dubai. We started out as a joint venture of Commerzbank, Chase Manhattan Bank and Commercial Bank of Kuwait. A minority stake was held by a few UAE businessmen.

By 1982, little more than a decade later, we evolved into a National Public Shareholding company. A feat complimented by an exponential increase in the capital base and mammoth restructuring of our operations. The feather in the cap came when the Government of Dubai became a key shareholder.

Over the decades, we have transformed ourselves into a progressive and modern banking institution. We are supported by a sturdy financial base and reigned by a strong and stable management. The proof of which lies with our customers who have stood by us over the years.