The role holder is responsible to develop close working relationships with the management of the Risk Management Department to ensure that the strategic vision for the risk systems are in alignment with and help deliver the Risk Management Department’s goals and objectives.
Determine risk management information requirements of the risk units and translate these into clear, practical, logically organized and informative reports.
Develop/ enhance the Risk Management Department’s reporting capabilities and thereby improve the quality and consistency of reports produced to facilitate management decision making.
Ensure that the Risk Infrastructure processes within leading bank are operating effectively and efficiently toward achieving high standards.
Define and analyze data requirements needed to support the business processes of the Risk Management Department.
Ensure that information is provided in an appropriate and user-friendly format, to support the management of the Risk Management Department.
Ensure, where possible, information needs are met in a systematic way making best use of technology available and ensure that relevant data is captured to meet the reporting needs of the risk units.
Oversee the preparation of various risk reports for internal purposes based on the MIS reports.
Oversee the preparation of various reports for external purposes based on Bahrain Central Bank and Bahrain Credit Bureau requirements.
Oversee the submission of accurate information/data to CBB and Bahrain Credit Bureau on the prescribed formats and time.
Perform vendor management tasks such as selection, drafting of business requirements, technical negotiation, authoring of contracts.
Coordinate with selected vendors to ensure availability of Risk systems including maintaining service level agreements.
Handle tasks related to the maintenance of risk solutions that does not require the vendor intervention.
Provide data modelling support to the Risk Management Department.
Provide decision making in the consolidation of risk report requirements.
Develop and maintain a dashboard that provides the risk units with the necessary inputs to take efficient decisions.
Oversee the maintenance of a centralized online archive and library of all risk management reports and RMIS templates across all systems.
Coordination and assistance the external consultant in validation & update of the IFRS 9 models on an annual basis.
Manage the effective and efficient deployment and life-cycle development of credit risk (PD, LGD and EAD) models and scorecards
Ensure high standards of confidentiality to safeguard commercially sensitive information.
Management of Credit Risk Rating Engine (CRE) application as well as risk evaluation of all the Bank’s portfolio including but not limited to:
Reporting & addressing of CRE related issues from the users
Regular testing and maintenance of the CRE engine to ensure accuracy of rated clients."
Ensure that risk rating for all new credit is being generated & updated regularly using the CRE system.
Management of all projects initiated by the Risk Management Department with respect to the following:
Creation of RFP & approval from all stakeholders (eg. Management, Board of Directors, Tender Board, CBB etc.)
Successful implementation of the project as according to the approved agreements.
Organizing the scheduled meetings for the Risk Executive Committee, Board Risk Committee and Board Investment & Credit Committee.
Implementation of Risk adjusted return on capital (RAROC) & Risk based pricing models
Bachelors / Masters degree in Finance, Accounting, Economics or any other related field is mandatory
Risk management certification is preferred
Years of experience
min 10 years of experience
Job Specific Skills:
Superior knowledge of Industry practices and capability of enhancing risk governance and decision processes aligned with the organization’s operating model and risk strategy
Ability to manipulate data to define and administer appropriate KRIs, KPIs & dashboard for effective overview of key Risks within the organization
Risk management experience, including knowledge of risk management governance and controls.
Working knowledge of different systems, theories and practices relevant to the function.
Interpersonal and communication skills
Good knowledge of the banks policies and procedures
Computer proficiency (mainly word and excel)
Reporting writing skills
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