Manager Credit Risk Assurance Job In Dubai

Assist in the design the Credit Risk Assurance review process and propose a terms of reference

Develop and manage relationships with senior management, colleagues and relevant external parties to discuss current and future issues and ensure their requirements and concerns are addressed in the annual coverage plan proposal.

Support the development of the annual coverage and monitoring plan, that will be able to provide the CRO the assurance that Wholesale credit risk taking is aligned to policy and prevailing regulation.

Support and undertake assurance reviews in accordance to plan and on an ad hoc basis as required of end-to-end Wholesale Credit Risk taking activity to assess adherence with policies and procedures and the adequacy and effectiveness of controls, systems, processes and procedures, highlight areas of concern and make recommendations for improvements.

Review large, complex and/or high-risk credit proposals during the credit sanctioning process to ensure credit proposals adhere to policy requirements on an ongoing basis.

Contribute to thematic reviews, in line with plan or on an ad hoc basis, covering various credit risk management activities such as excess reporting, collateral valuation, documentation.

Produce reports and provide updates to management detailing the findings of reviews

Advise and support relevant stakeholders in the understanding of where corrective action needs to be taken in order to protect the Bank.

Recommend changes to policies, systems, processes and working practices in order to achieve operational improvement.

Confirm that outstanding issues identified during the assurance reviews are logged in the GRC repository, and followed up and resolved within agreed timeframes, ensuring that risks are effectively managed in accordance with all relevant procedures, policies and regulations.

In collaboration with Operational Risk and Credit Origination, Sanctioning, and Administration ensure robust RCSAs are completed, KRIs identified and reported and control testing undertaken.

Requirements:

8+ years’ experience including experience in a Credit sanctioning and / or origination role as well as leadership experience in a Credit Review or Credit Audit capacity.

Financial Professional qualification relevant to the role.

Strong understanding of wholesale credit risk in a banking environment and the associated processes including ratings, and operational activities.

A good knowledge of internal and external risk factors is important.

Liaising with internal stakeholder in Business, Credit, Risk, Finance, Operations. Internal Audit. and also with external stakeholders such as External Audit, Consultants and Regulators

Strong understanding of banking concepts and procedures.

Experience working in a second line assurance function