AVP, Enterprise & Credit Risk – UK
2 days ago
City of London
JOB PURPOSE: The successful candidate represents the second line of defense (2LoD) for FAB UK and is responsible for assisting the UK CRO in the robust independent identification, assessment and monitoring of Enterprise Risk Management (“ERM”) & Credit Risk Management (“CRM”) as it applies to FAB UK branch. A strong understanding of enterprise risk management principals, and experience of how they apply in the UK banking and finance regulatory environment, is required to perform this role. A strong ERM function is an important component that drives integrated risk awareness and culture and ensures a robust and forward-looking risk environment. In addition to overseeing ERM, he/she will be responsible for CRM portfolio oversight to monitor and assess the credit risk profile of FAB UK. Key stakeholders include UK Credit, UK Finance, and Group Risk. In doing this, he/she will work closely with the Group risk management units to ensure the Group methodologies, policies, procedures and limit frameworks are established and suitable for the FAB UK. Additionally, he/she will build, produce and update the risk report suite to ensure consistency and compliance with the bank’s risk appetite Key Accountabilities: Strategy Development and Implementation • Assist the UK CRO in the formulation, implementation and delivery of the FAB UK’s risk strategy in line with the vision, mission, values and priorities of Group and UK ExCo., • Maintain, execute and continuously improve FAB UK’s risk management strategy, frameworks, limits, and tolerances to assess and mitigate the risk exposures, and to ensure the region operates within its pre-defined risk appetite, aligned to the Group’s risk & business strategy., • Assist in development and effective implementation of ERM and CRM policies, procedures and controls so that all relevant procedural/regulatory requirements are fulfilled., • Monitor regulatory developments (i.e. SS1/21, CPs, Dear CEO or CRO letters) to ensure risk frameworks remain compliant and relevant., • Coordinate with Group Risk to ensure that the UK policies, procedures, models, processes, mitigation factors and action plans are in alignment with the Group risk mitigation and monitoring strategies. Provide Group with regular formalised updates., • Oversee timely and accurate updates of risk documents on local governance share point. Enterprise Risk Management • Act as subject matter expert (SME) on the following ERM document:, • Risk Management Framework, • Risk Appetite Framework, • Risk Appetite Statement, • Risk Taxonomy, • Risk Register, • Review and opine on Credit risk policies & procedures across all products that are relevant for FAB UK., • Monitor the UK Credit Risk portfolio for early detection of deterioration, stress testing, and portfolio limit management to assure compliance with the Risk Management (RMF) and Risk Appetite (RAF) frameworks., • Monitor the Credit Exposure for FAB UK and assess if it is within the Country, Industry and portfolio limit set., • Classify NPL & PDNI as per regulatory guidelines and work with Group Risk to calculate the provisioning requirements as per the regulatory guidelines and IFRS 9 requirements. Prepare the monthly NPL schedule, PDNI Schedule and annual forecast as per the Group reporting framework, • Ensure that all functional reports are prepared timely and accurately and meet location & Group requirements, policies and quality standards, • Coordination and preparation of the London Branch Risk Committee pack, including minutes., • Coordination and preparation of the London ExCo Risk Memo., • Lead thematic reviews on areas such as concentrations risk, reputational risk, or culture as required. Job Context Enterprise Risk Management • Coordinate the review of Risk Appetite metrics, • Conduct stress and scenario testing and analysis of portfolio at global levels, • Work with stakeholders to ensure adequate Assurance testing, • Risk Management Framework:, • Risk Identification, • Risk Assessment, • Risk Monitoring, • Risk Escalation, • Risk Reporting Credit Risk Management Portfolio Assessment Review, assess, and report on: • Past or anticipated changes in provisions, • Any changes need to be made in specific provisions (i.e. staging), • Portfolio quality (cost of risk), • NPL and delinquency ratios, • Concentrations (Rating, Industry, Country), • Strategic Credit Positions Review, assess, and report on: • Counterparty Ratings, • Credit limit utilization and excesses, • Non-standard terms, • Exceptions to policy Key stakeholders in FAB UK, FAB International and Group: • Head of UK Credit and the Credit team, HO international Risk team., • UK CFO & UK Finance team, UK CCO & Compliance team, First Line Head of Controls (1LoD) Frameworks & Boundaries: Frameworks • Risk Management Framework (RMF), • Risk Appetite Framework (RAF) Boundaries • The candidate is not responsible for the sanctioning of counterparty credit, including due diligence, credit file preparation, and individual counterparty reviews (initial, annual or ad hoc)., • ICAAP, ICARA, ILAAP and other capital and liquidity adequacy requirements given that FAB UK is a Branch, not a subsidiary. Qualifications & Experience: Minimum Qualification • Bachelor’s degree in finance or related discipline., • 5-10 years’ relevant experience in the banking sector with at least 3 years in similar positions of progressively increasing responsibilities in the ERM function., • Strong analytical and quantitative skills, ability to interpret risk data and develop actionable insights., • Excellent written and verbal communication; capable of producing clear, concise risk reports for senior audiences., • Technically savvy, comfortable working with MS applications (PowerPoint, Co-Pilot, Excel, etc.) Declaration First Abu Dhabi Bank P.J.S.C is regulated as (COCON 1.1.2) in the UK by the Financial Conduct Authority ("FCA") and limited regulation by the PRA. As an employee of First Abu Dhabi Bank P.J.S.C, you are considered a member of (COCON 1.1.8A) and are therefore governed by the Conduct Rules. You must, at all times during your employment: • act with integrity, • act with due skill, care, and diligence, • be open and cooperative with the FCA, the Prudential Regulation Authority (PRA) and other regulators, • pay due regard to the interests of customers and treat them fairly, • observe proper standards of market conduct, • act to deliver good outcomes for retail customers. The Conduct Rules are intended to improve standards of individual behaviour in financial services from the top down and the bottom up. Should you be found, at any point during your employment, to be acting in a manner that breaches any of these rules, First Abu Dhabi Bank P.J.S.C. have an obligation under FSMA 64C to notify the FCA of the breach and any disciplinary action taken against you. By signing this Job Description, you agree that you have read and understood the Conduct Rules and understand that any breaches in compliance as they relate to the Conduct Rules, will be reported to the FCA.