Manager Credit Risk Acceptance Criteria - Group Credit Policies & Governance - Group Credit

Westbourne Partners
Dubai, United Arab Emirates
QAR Excellent tax-free
Jun 11, 2019
Jun 27, 2019
Job Function
Credit Analysis
Industry Sector
Finance - General
Employment Type
Full Time
Position: Manager Credit Risk Acceptance Criteria

Entity: Group Credit Policies & Governance - Group Credit

Location: Doha, Qatar

About us: We are the largest Financial Services firm in the MENA region with international offices across Africa, Asia, Europe and the Middle East.

Job Summary:
  • You will be primarily responsible for establishing and maintaining the Credit Risk Acceptance Criteria Framework for international branches and subsidiaries, tailored for different portfolios, segments and targets of each individual branch/subsidiary.
  • In conjunction with Strategic Risk Management (SRM) department, corporate, commercial and retail banking units and Credit Policies team, you will assure that Credit Risk Acceptance Criteria (RAC) is in line with strategic targets of the Group, risk appetite defined by SRM and does not contradict with local and international regulations, prevailing market practices and Group credit policies and procedures.
  • You will be responsible for definition, quantification, measurement and improvement of RAC, and ensure that RAC is successfully integrated into credit assessment process.
  • Defines policy limits and sets parameters for appropriate product offerings or structure of credit facilities allocated to obligors, carved for different segments and markets within the bounds of the relevant Risk Appetitive Statement. Also, he/she will set the exception criteria and maximum level of exceptions to be allowed.
  • Designing and overseeing reporting framework on RAC including but not limited with breaches and overrides.
  • Guide branches and subsidiaries to ensure consistency and quality of data to support the monitoring of RAC.
  • Exceptions to the established RAC will be approved by the appropriate lending authority. The incumbent will collate all approved exceptions and develop suitable reports.
  • Initiate process improvement and quality reviews to simplify and improve productivity.
  • Provide input to SRM Department in the establishment of sector limits
  • For the sake of clarity, the role does not cross over into risk appetite statement formulation which is the responsibility of SRM Department.

Duties & Responsibilities:
  • Manage Credit Risk Acceptance Criteria Framework
  • Ensuring RAC is successfully integrated into credit process and is effectively being used by credit allocation teams.
  • Ensuring the highest standards of due diligence, credit and financial analysis and screening to ensure that non-creditworthy customers / projects are not granted credit facilities.
  • Assist the Head of Group Credit Policies and Governance in formulating RAC, which can be translated as obligor/portfolio based tolerance for risk and desired level of risk-return of the Group.
  • Ensure the use of best industry practices and standardized market processes for setting and monitoring RAC and ensuring that all credits recommended for approval are within RAC Framework
  • Actively participating in the evolution and upgrading of credit policies & procedures,
  • Coordinates, liaises with, and oversees with other credit allocation and credit policies teams, SRM and corporate/retail banking departments.
  • Builds and maintains strong and effective relationship with all the above departments, branches and units to achieve the Group's goals/ objectives;
  • Reviews/Monitoring on a monthly basis reports prepared by the department staff.
  • Provides timely and accurate information to the external and internal auditors, the Compliance function, and Regulators (through appropriate channels) as and when required;
  • Ensures efficient, timely and quality credit applications that adhere to stated Turn Around Times (TATs), as specified in various Service Level Agreements (SLAs);
  • Ensures appropriate updates on policies, rules and regulations pertaining to credit Division that are promulgated by the Group, QCB or other regulatory bodies and organizations, if any, are obtained regularly, and such updated information is immediately disseminated to concerned units and personnel.
  • Keep abreast with current developments and most recent relevant issues with regards to local and International regulatory circulars, guidelines and pronouncements affecting credit risk exposure of the Group.
  • Ensure that all Group Departments / Units including overseas operations and subsidiaries submitting credit proposals to Group Credit are aware of, and that such proposals adhere to Risk Acceptance Framework.
  • Know, understand and implement the Group's Credit Policies and Procedures and directives set by the Credit Committee and senior management.
  • Set minimum standards for credit extension i.e. Structure, Tenor, Covenants, Documentation and Security. In summary, our lending methods in a particular industry should be guided by a RAC that reflects current market norms as well as Group's structuring and risk mitigating approach.
  • Ensure RAC is taken into consideration through all lending transactions and all approved loans are in line with RAC.
  • Oversee continuous exceptions monitoring and level of exceptions. Have the frequency, amount and reasons of exceptions regularly reported. Make sure that all exceptions are approved and regularized.
  • Participate in risk appetite process, which is mainly led by SRM Department, in terms of providing credit risk metrics and quantifying level of risk.
  • Participate in business plan discussions of front office departments; assure that R/Ms and other related parties are fully aware of RAC Framework,
  • Sets covenants or additional security criteria for Obligors in respective Industry segments, if required.
  • Maintain up to date knowledge and understanding of all pertinent local and international regulations as well as best industry practices pertaining to the overall credit operations, including of QCB, as well as other relevant international market, regulations and guidelines to ensure that a sound environment for identifying, assessing, measuring, monitoring and controlling Credit Risk is in place.
  • Constantly research and keep abreast with current local and international industry, market and regulatory developments and issues that will directly or indirectly affect credit and risk taking activities of the bank including but not limited to the credit approval process, credit administration processes and the credit risk exposure of the Group.
  • Possess superior knowledge of credit risk management best practices including but not limited to pertinent Basel II and III pronouncements on credit risk management and capital adequacy requirements.
  • Maintain close interaction and coordination and hold frequent meetings with different business units within the Group involved with risk and credit matters for better understanding and assessing credit portfolio growth and risks.
  • Ensure high standards of data protection and confidentiality to safeguard commercially sensitive information. Maintain utmost confidentiality with regards to customer and internal bank information obtained during the course of business and provide such information on a need to know basis only to Senior Management of the bank, audit and compliance functions, and relevant Regulators.

Education and Experience Requirements:
  • University graduate with a degree or equivalent professional qualification preferably in banking, finance, economics or related subjects.
  • Master's degree or equivalent banking related training or Professional certification such as London Institute of Banking & Finance (ACIB), CPA, CFA, FRM etc.
  • Minimum of 8 years of experience in major international banks (or other comparable financial services or consultancy company) in a management position in a credit risk function
  • Excellent oral and written communication skills in English. Fluency in Arabic preferred not required.
  • Very strong employee management and team building skills.
  • Strong background and experience in corporate and retail credit, policy development
  • Strong knowledge of financial markets and industry best practices.
  • High proficiency in risk concepts, banking products/ operations/ systems, pertinent regulatory requirements, International Accounting Standards and related pronouncements, including related best practices.
  • Knowledge of Basel Regulations and Accords with particular emphasis on credit-related issues and credit modelling methodologies.
  • Excellent quantitative modelling, analytical, and research skills.
  • Good knowledge of MS Word, Excel and Power Point applications for report presentations, financial analysis, cash flow projections, financial modelling.
  • Good experience in working with large and complex data sets.
  • In-depth understanding of credit risk methodologies, interest rate modelling, VaR, and/or other complex financial risk modelling highly desirable.
  • Ability to work independently on multiple tasks and/or projects.
  • Prior experience of designing and implementing risk management processes.
  • Adequate knowledge of IT systems/ applications.
  • Flexible team player and able to work and deliver under pressure.
  • Self-motivated, eye for detail.
  • Ability to attract, recruit and retain motivated and experienced staff
  • Ability to inspire and motivate others to gain commitment and lead teams from diverse cultural backgrounds.
  • Ability to train and coach staff.
  • Knowledge of key subsidiaries' markets and banking environment