Job Details
Job Description
- Set up a routine mechanism to collate information from different risk units and finance to prepare the Basel II regulatory reports.
- Develop and maintain the models, templates and framework for the implementation of the Basel regulatory reporting on a continuous basis.
- Define internal capital adequacy requirements and drafting the capital management policy of the bank.
- Develop a roadmap towards the achievement of advanced risk measurement approaches in accordance with the Central Bank Basel II requirements.
- Have a clear understanding of the risk measures that is being adopted by different units of risk management in measuring, monitoring and controlling various types of risks in the bank.
- Understanding of measurement of risks in the banking book and trading book. The definitions have to be properly documented and updated from time to time.
- Work closely with other risk units in moving into advanced approaches for different risks in the bank.
- Plan capital adequacy and quantify the additional capital that may be required to meet the budgeted growth of the bank.
- Take ownership of the existing RAROC model in the bank and publish the results on a monthly basis.
- Work towards the development of Economic capital model for the bank and RAROC calculations at transaction level.
- Knowledge of aggregation of risks across the bank.
- Coordinate with Finance and Risk management in the preparation and reporting of Pillar 3 disclosures for the bank.
- Excellent knowledge of banking regulations, global accounting standards and financial products.
- Perform continuous research and update the ICAAP unit with latest developments on both local and international regulatory framework.
- Assist HOMR, CRO and other risk units in all the developments of Risk management department including ad hoc project and analysis.
Desired Profile
- Strong academic background with degree in Mathematics/ Finance/Economics. FRM/PRM/CERA/CFA is advantageous.
- 8–12 years of banking experience, out of which 3–4 years are spent in the implementation of Basel II reporting and risk systems.
- Knowledge of Basel II guidelines on the implementation of Pillar 1 and Pillar 2 calculations. Keep update on the changes in regulatory framework and Basel III guidelines.
- Good working knowledge of credit/market/ operational risks with hands-on experience of standardized and advanced approaches of measurement.
- Able to work under pressure and do multitasking.
- Good report writing and problem solving skills.
- Excellent interpersonal and communication skills.
- English is essential but knowledge of Arabic will be advantageous.
- Proficiency in Basel II/Credit/ Market/Operational Risk systems.
Key Skills
Have knowledge of Islamic banking products and its risk implications.
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Contact Details
Contact Name
: BettyEmail
: dxb13@gulfbankers.comContact Mobile
: n/a
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