Head of Risk Governance Abu Dhabi Islamic Bank UAE

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