AVP Risk

Title:

AVP Risk

Location:

Riyadh, Saudi Arabia

The candidate will have specialized experience and technical capability to deliver an end-to-end control framework along with advanced analytics applicable to market risk activities, ALM, modelling, Liquidity Risk, Economic Capital, and related functional/operational capacity. In addition, the candidate will also be responsible for the adequacy and effectiveness of the operational risk management techniques/processes. The incumbent will ensure independent and objective identification, assessment, measurement, monitoring, reporting and control of operational risk for the Branch, including the management and supervision of all operational risk types such as internal and external fraud, employment practices and workplace safety, clients, products, & business practice, damage to physical assets, business disruption & systems failures and execution, delivery, & process management.

The candidate is also required to provide hands‑on support and relevant solutions for the effective operation of data management, MIS, analytics evaluations, and other support required for ALCO and Group Risk Committee, and actively support the Head of Risk in Group Risk Projects and initiatives.

• Assist in the management of fundamental prudential risks of the bank: counter party, leverage, liquidity, interest rate, currency, and other market risks.
• Support in the oversight and formulation of advice to the Branch on the current risk exposures of the bank and future risk strategy, including strategy for capital and liquidity management, with due consideration to the current and prospective macroeconomic and financial environment.
• Implement Operational Risk Management Framework (ORMF) that covers the Country within the Group’s level of operational risk appetite and tolerance.
• Coordinate with Compliance to obtain updates on regulatory changes pertaining to risk to assess their impact on the Group’s different portfolio risk profiles.
• Support the department head to provide timely and accurate risk information to Risk & Management Committees, external & internal auditors and the Compliance function as and when required.
• Relative to Market Risk Portfolio, ALM & Liquidity Risk Management;
  Review and propose necessary changes to the existing portfolio management techniques and procedures for the domestic and overseas business in light of changing market conditions based on Basel Committee recommendations/ other best practices and QCB or any host regulator regulations and guidelines to ensure that a sound environment for identifying, assessing, measuring, monitoring and controlling Risk is in place.
• Leverage on the necessary tools, systems, and MIS reports for monitoring of limits that relate to borrowers, counter parties, cross-border Group entities, and more specifically, excess over limit, expired limits, expired facilities, classification of advances per credit rating criteria, related party exposure, and credit concentration, Liquidity monitoring, and related market risk exposures.

• Knowledge of financial markets and products.
• In-depth understanding of risk methodologies, interest rate modelling, VAR, and complex financial risk modelling.
• Strong understanding of operational risks across the full product/ process range found in banks/ FSI.
• Ability to work independently on multiple tasks and/or projects.
• Excellent oral and written communication skills in English.
• Adequate knowledge of IT systems/ applications.
• Proficiency in risk concepts, banking products/ operations/ systems, pertinent regulatory requirements, International Accounting Standards, and related pronouncements, including related best practices.
• Self‑motivated, eye for detail.
• Flexible team player and able to work and deliver under pressure.