Executive Prudential Management National Bank of Fujairah Dubai

An exciting job opportunity has been announced at National Bank of Fujairah for role of Executive Prudential Management. The role holder will be responsible to contribute to overall success of the organisation by effectively managing all prudential risks, ensuring the effective regulatory reporting of the Group (comprising the Bank and its subsidiaries) including Basel reporting and the implementation of related directives. Also, role holder will identify and analyse Bank wide risks of strategic importance, being Capital, Liquidity and Market (Interest Rate) risk and responsible for first line of defence risk management associated with those risks. Moreever, ensuring the Bank has a forward looking compliance program with respect to Basel capital guidelines and best practice management of prudential risks.

Responsibilities of Executive Prudential Management

• Participate in the “Internal Capital Adequacy Assessment Process (ICAAP)” report, with responsibility for the prudential risk, which is submitted to Central Bank of UAE on an annual basis after getting same approved by the Board of Directors through Risk Committee & Board Risk Committee.
• Ownership of all prudential reporting, including CBRB and AECB, ensuring the accuracy and completeness of the positions, and subsequent management of the positions.
• Compute and analyze the Pillar II/III Capital Adequacy Ratio on monthly basis, reporting internally in addition to external requirements.
• Development of economic capital calculation and assist management in the capital planning and allocation process.
• Preparation of Basel capital adequacy returns and other regulatory returns for submission to Central Bank.
• Design, develop and implement the “Internal Liquidity Adequacy Assessment Process (ILAAP)”.
• Oversight of the Regulatory Reporting (CBUAE BRF Reporting).
• Assist and liaise with the External, Internal and Central Bank Auditors.
• Assist and liaise with Risk and Credit departments for effective planning and execution.
• Facilitate and assist the Chief Financial Officer (CFO) in Board, Risk & Audit Committee presentations and provide advice to support the decision making process.
• Oversight and review of bank level performance and results and key governance ratios for management information and decision making ensuring accuracy, completeness and effectiveness.

What You Will Do More

• Responsible for the evaluation and implementation of new regulatory requirements and implications for the Bank.
• Continuously enhance Basel regulations across the bank for retail and wholesale businesses. Ensure compliance with all regulatory requirements and standards.
• Facilitation in the external ratings process of the Bank pertinent to the International Rating Agencies, demonstrating clear consistency with regulatory reporting.
• Develop, implement and ensure compliance with policies and procedures manuals and ensuring the accuracy and integrity of regulatory information with enhanced analysis.
• Oversight of the ownership framework and involvement in the periodic reviews.
• Facilitate with the feasibility studies and review of projections and testing of new products.
• Act as a lead for new initiatives & projects.
• Facilitate in any new project and launch of a new line of business.
• People management and leadership.
• Manage HR issues within the team and develop strong and capable leaders, thereby ensuring succession.
• Growth and development of staff through ongoing mentoring and coaching.
• Follow a fair and time bound performance management process.

Requirements for Role of Executive Prudential Management