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Credit Risk Manager

5.00 to 7.00 Years   Abu Dhabi, United Arab Emirates   19 Jul, 2019
Confidential Company
1 Jobs Openings
Job LocationAbu Dhabi, United Arab Emirates
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryFinancial Services
Functional AreaNot Mentioned

Job Description

?Responsible for embedding an effective Enterprise Risk Management culture through developing and implementing a robust credit risk management framework.This includes conducting detailed credit analysis of regional counter parties as well as continually enhancing Risk?s analysis capabilities through enhancing technical risk reporting.It is essential to continue to enhance the Risk brand within Invest AD by building strong relationships based on trust with members of Senior Management and front office.Given the small size of the team, the individual must show adaptability and be willing to learn about market and liquidity risk through on-the-job training.Responsibilities

  • Conduct detailed credit analysis and make proposals to Head of Risk to set credit lines for counter parties to be utilized by the Invest AD Treasury team. These will primarily be GCC and MENA based financial institutions so experience in regional markets with their idiosyncrasies is an absolute must.l risk management process for the organisation
  • Approve trading counter parties for Asset Management business for derivative trades. These will primarily be large rated banks in developed markets.
  • Continually monitor the counter party exposure across Invest AD and take preventative action in the case of credit events in the market
  • Conduct regular counter party reviews and make recommendations on overall counter party exposure
  • Enhance current reporting from Calypso, our new trading system currently being implemented.
  • Prepare on monthly basis the Risk Management Committee pack covering all areas of Enterprise Risk Management (credit brief, key risks, Counter party/sector/country concentrations, problem loans, liquidity risk indicators).
  • Provide input legacy distressed loans portfolio from syndicated loan business. Additionally manage monthly administrative tasks related to these loans.
  • Review of investment proposals and provide recommendation from credit and market risk perspective
  • Cover for Market and Liquidity Risk by monitoring adherence to Market Risk Limits for Asset Management business.
  • Review and provide feedback on risk related policies, procedures and registers
  • Promote and support the risk culture including ensuring employees understand their accountabilities for risk-taking activities, promoting an environment of open communication and effective challenge
  • Build close relationship with all business lines and senior management and be the primary point of contact on credit and risk matters.
  • Liaise with internal/external auditors on risk related matter
  • Keep oversight of compliance with approved guidelines/limits. Ensuring remedial measures agreed and executed to rectify the deficiencies
  • Work closely with Business Heads as well as Compliance and other Control functions to understand Enterprise Risk matters.
Education
  • Bachelor?s degree in a numerate discipline
  • FRM, CFA, Post Graduate degree

Keyskills :
GCC

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