Credit Risk Assurance Manager

Job description / Role

Role purpose

The Risk Governance and Risk Policy team is primarily responsible for supporting the GCRO on:

• the end-to-end risk management and governance for Risk Committees and other governing bodies
• policy management and regulatory governance programmes and special projects and initiatives
• providing independent oversight and assurance on the Credit Risk Management Framework

Key accountabilities of the role

Assist the Head of Credit Risk Review with managing the Credit Risk Review Programme which assesses the Credit Risk Management Framework, including the ongoing monitoring of the quality of the various credit portfolios and activities creating direct and indirect credit risk, assessing adherence to policies and procedures and compliance with legal and regulatory requirements, and evaluate results to determine if issues exist and improvement recommendations are required.

Support the development of Credit Risk Review objectives and establish a Credit Risk Review Policy and Procedure(s) to address relevant Credit Risks.

Assist with the development and execution of Credit Risk Review's annual plan, including monitoring of annual plan progress and changes.

Perform continuous monitoring of credit portfolios regarding the identification, measurement, and management of Credit Risk and document and communicate findings to senior management and the Board.

Participate in credit risk reviews to independently assess and challenge the application and sufficiency of Credit Risk Policies and Procedures.

Evaluate the credit and financial strength of borrowers to determine if internal ratings and levels of credit exposure are acceptable.

Monitor adherence to documentation, limits and risk mitigants including review of covenants and perfection of collateral.

Verify the adequacy and completeness of credit files.

Ensure exams are performed in accordance with policies and procedures.

Prepare work papers, document review findings and conclusions.

Provide consultative feedback to auditees.

Contribute to the continuous improvement of Credit Risk Review tools and methodologies.

Perform other duties as assigned.

Skills

• Excellent communication, negotiation and stakeholder management skills
• A team player with the ability to work on your own at times
• High degree of personal accountability, quality, accuracy, integrity and trust
• Attention to detail and the ability to prioritize and deliver in a fast paced and dynamic environment
• Resilience and the ability to cope under pressure
• Strong organisational skills and the ability to manage multiple assignments concurrently
• A proactive approach to work, in terms of suggesting changes and improvements to processes
• Commercial awareness and the ability to understand broad business issues
• Good analytical and problem-solving skills

Previous experience

• Minimum of 8 years of work experience in credit risk management, credit portfolio management, underwriting, or review/quality control gained at a bank, rating agency, regulatory body or consulting
• Experience in diverse sectors/products including corporates, financial institutions, commercial real estate, leasing, structured finance and retail lending
• Working knowledge of risk and/or credit risk management and control frameworks
• Understanding of review/audit concepts within planning, fieldwork, and reporting
• Ability to articulate credit review opinions including where they diverge from 1LoD
• Good understanding of credit/loan documentation
• UAE working experience of 2+ years
• Familiarity with the CB UAE regulatory regime pertaining risk management
• Proficient with Microsoft PowerPoint, Excel, Word and Outlook