Senior Manager - Portfolio Analytics

Job description / Role

Job Purpose

• To develop reports and management information to support decision making in respect to capital allocation to enable the Bank to achieve a portfolio composition in alignment with its strategic and regulatory imperatives.

Principal Accountabilities:

• To maintain, and enhance Bank's pricing tools (RAROC- Ex-Ante/Ex-Post)/documentation to manage pricing and portfolio diversification objectives;
• To conduct periodic RAROC tool review with business/stakeholders
• To support bank's ICAAP and Stress Testing framework, methodology, documentation, etc.
• To develop reports and management information to enable committees and senior management to make informed portfolio capital allocation decisions in context of business strategy, risk strategy and regulatory limits
• The initial building of the reporting suite will require utilizing existing resources spanning the 1st and 2nd LoD; including: pipeline reports, account planning information, annual renewal schedules, customer risk-adjusted profitability reports, IFRS 9 ECL data sets, collateral reports, credit trends (i.e. sector performance / customer leverage / cost of credit analysis / credit rating trends / concentration, Risk Appetite), loan amortization schedules, and other regulatory & risk reports. And, relevant external market information i.e. government spending plans, central bank reports and economic outlooks
• Develop feasible RWA mitigation and risk reduction strategies seeking to improving overall returns whilst meeting portfolio composition targets
• Review portfolio data to ensure appropriate risk weight and sector classification
• Support the development of Pillar II Concentration Risk models and their application in risk-based pricing / decision making
• Develop an understanding of the portfolio maturity profile to highlight risks of developing concentrations - on a contractual basis and expected behavioral basis
• Provide advice and recommendations on structuring to mitigate concentration risk and provisioning requirements, and highlight potential provisioning cliff effects

Requirements

Education and Experience:

• Degree in finance, accountancy, banking studies, mathematics, quantitative methods, IT, business
• Professional (preferred): accountancy & finance / CFA / MBA.
• 10 + years' experience working in Financial / Risk roles, with a good understating of wholesale banking activities
• Good knowledge of Basel II capital requirements - Standardized and Internal Ratings Based approaches
• Understanding of accounting principles, i.e. fair valuation, and IFRS 9 provisioning and specific loan loss provisions.

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.