Head of Risk Governance Abu Dhabi Islamic Bank UAE

  • Full time
  • Abu Dhabi, UAE
  • Posted 8 months ago
  • 23000-40000 AED / Month

Abu Dhabi Islamic Bank

Abu Dhabi Islamic Bank (ADIB) is presently recruiting suitably qualified and skilled candidate for job position of a Head of Risk Governance and Risk Policy. ADIB has announced this job vacancy on 17 November 2023 and is welcoming applications from all eligible aspirants.

Job Purpose of A Head of Risk Governance

  • Responsible for supporting the GCRO on the end-to-end risk management and governance for Risk Committees, and other governing bodies.
  • The role includes oversight of the CRO’s Credit Risk Management team and is responsible for setting policy and providing 2nd Line Assurance on its effective implementation.
  • In addition, the role will also support the Group Risk Policy Management area and regulatory governance programs and special projects and initiatives.

Duties of A Head of Risk Governance

  • Support the development and effective implementation of the Group-wide Enterprise Risk Management Framework.
  • Manage initiatives designed to improve the enterprise risk management framework throughout the community helping to embed a culture of improved risk decision making and accountability in the 1st line.
  • Provide effective assurance on the implementation of the ERMF, with a particular focus on Credit Risk Assurance.
  • Provide guidance for policy development in relation to all areas of risk management.
  • Take the lead in implementing best practices in risk relating to Operational Resilience and Recovery Planning.
  • Design and maintain an effective policy papers review, approval and communication process, including submission standards, committee mandate, approval management and the flow of policy papers
  • Work with Risk Functional Owners to ensure all policies or procedures are met.
  • Executing strategic alignment of cross-enterprise risk management routines.
  • Develop innovative solutions to regulatory, risk management, and policy challenges facing CME and the markets it clears.
  • Develop training programs which support implementation of Risk Management policies.
  • Develop and maintain market, trading credit and/or liquidity risk policies ensuring alignment with business strategies and risk appetite.
  • Communicate market, trading credit and liquidity risk policies effectively and responsively.
  • Provide senior level support with Market and Trading Credit Risk’s key initiatives, as required.
  • Make risk assessments, which involves analysing current risks as well as identifying, describing and estimating the potential risks affecting the business.
  • Performing a risk evaluation to evaluate risk, which involves comparing estimated risks with criteria established by the organisation such as costs, legal requirements and environmental factors, and evaluate previous handling of risks.
  • Undertake risk governance involving external risk reporting to stakeholders.

What You’ll Do More?

  • Conduct audits of policy and compliance to standards, including liaison with internal auditors.
  • Develop corresponding communication requirements for new and updated policy documents and work with communication partners in developing communication plans.
  • Manage the end-to-end process of policy management, including content proposals, vetting process, approvals, communications and training.
  • Establishes policy governance, management and administration approaches.
  • Serving as a key resource for special GCRO projects with the ability to both lead provide meaningful contributions.
  • Design and operate a MI and reporting mechanism to demonstrate governance of policy and control frameworks, awareness of compliance against risk appetite and reporting in support of 1st line governance and the Operational Risk Committee.
  • Managing the change management process for policy and procedure updates by coordinating with key business partners and stakeholders across the enterprise.

Qualification & Experience

  • Bachelor’s or master’s degree in risk management or relevant field.
  • 6-7 years of previous proven experience.

Skills Desired

  • Problem-solving and decision-making abilities.
  • Analytical skills.
  • A good eye for detail.
  • Negotiation skills and the ability to influence people.
  • Resilience and the ability to cope under pressure.
  • Planning and organizing skills.
  • The ability to react quickly and think on your feet.
  • Technical acumen.
  • Leadership qualities.
  • Numerical skills and the ability to evaluate costs.
  • A proactive approach to work, in terms of suggesting changes and improvements to processes and systems.
  • Commercial awareness and the ability to understand broad business issues.

Head of Risk Architecture & Data Management, ADIB UAE

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