Credit Risk Manager - Qatar - Global MENA Bank

Employer
Westbourne Partners
Location
Doha, Qatar
Salary
Competitive & tax-free
Posted
Jun 25, 2019
Closes
Jul 24, 2019
Ref
5681112
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Position: Credit Risk Manager

Entity: Group Credit Policies & Governance

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:
  • The incumbent will be primarily responsible for establishing and maintaining the Credit Risk Acceptance Criteria Framework for all 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, the incumbent 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 credit policies and procedures for the bank.
  • The incumbent will be responsible for definition, quantification, measurement and improvement of RAC, and ensure that RAC is successfully integrated into credit assessment process.
  • The incumbent 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.
  • The incumbent will also be responsible for designing and overseeing reporting framework on RAC including but not limited with breaches and overrides.
  • The incumbent will guide branches and subsidiaries to ensure consistency and quality of data to support the monitoring of RAC.

Duties & Responsibilities:
  • Manage the Group's 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.
  • 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);

Education and Experience Requirements:
  • University graduate with a degree or equivalent professional qualification preferably in banking, finance, economics or related subjects.
  • Masters 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
  • 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.
  • In-depth understanding of credit risk methodologies, interest rate modelling, VaR, and/or other complex financial risk modelling highly desirable