Embark on a journey where your unique contributions are celebrated, and your professional growth is embraced. At ADCB, we nurture a diverse, inclusive community where every voice is valued.About the business area - Group Risk ManagementADCB prioritises a disciplined approach to risk, recognising its fundamental importance to the Bank's long-term organisational and financial resilience. Group Risk Management oversees the implementation of ADCB's risk objectives, identifying and addressing gaps in the bank's risk infrastructure/framework. Their responsibilities include nurturing the independence of the risk function, establishing provisioning policies, and introducing changes to energise risk awareness among front office personnel and decision-makers. Continuously tuning the risk organisation in line with market best practices, they manage ADCB's portfolio and associated risks to international standards, while establishing a clear risk culture across all areas of operation.In this role, your key responsibilities include:
To lead the Internal Capital Adequacy Assessment Process (ICAAP), represent credit risk for International Financial Reporting Standard (IFRS9) process and expand credit risk management infrastructure in order to comply with Basel and UAE Central Bank (CBUAE) requirements, minimise losses and preserve asset quality
Act as the Bank's in-house expert of all Economic capital/ICAAP)/Stress Testing (ST)/IFRS9 and Risk-Adjusted Return on Capital (RAROC) models in order to manage model risk
Liaise with Business and Credit teams to develop and review model performance, assumptions, theory and empirical evidence, proposing required changes to senior management in order to implement improved Models aligned with CBUAE and Basel requirements
Develop the Economic Credit Risk Capital Framework, recommending approaches for Stress Testing and RAROC formulation to ensure the Bank meets minimum regulatory capital standards under stressed scenarios
Produce the annual update and implementation of ICAAP, Stress Testing and Model risk management policies to ensure compliance with CBUAE regulation
Assess the impact of changes in Basel or CBUAE requirements on ADCB's Capital and minimum required ratios to ensure continuous compliance with regulations
Develop and continuously enhance the RAROC model to ensure optimum risk-adjusted performance measurement
Support users on the use of RAROC, suggest and implement new risk tools to credit and business in order to minimise losses and preserve corporate asset quality
Develop and continuously enhance the IFRS9 model to ensure impairment/Expected Credit Losses (ECL) calculation
Monitor the input and output of the IFRS9 engine to ensure it is up-to-date and in line with the latest regulations
Review all “papers for comment”, ensure all Basel directives are adhered to, reporting on impact of policy and reforms in order to maintain compliance
with regulations
Manage self and team in line with ADCB's people management policies, procedures, processes and practices to ensure adherence and to maximise own and employee contribution to business performance
Manage the effective achievement of the team's objectives through setting individual objectives, managing performance, developing the team and providing formal and informal feedback to maximise overall performance, engagement and motivation and informal feedback to maximise overall performance, engagement and motivation
The ideal candidate should have the following experience
At least 8 years of experience in Credit Risk Management with practical experience and deep understanding knowledge of Basel II/III standards, hands-on experience in Credit Modelling and
technical programming of statistical software
Master's Degree in Quantitative Science (Finance, Mathematics, Quantitative Methods, Actuarial
Science or Financial Engineering)
Financial Risk Management (FRM), Professional Risk Manager (PRM) or similar globally-recognised credentials or certifications
MS Office (Word, Excel, PowerPoint, Outlook, Access)
Statistical Analysis System (SAS), MatLab, Visual Basic (VB) or other statistical modelling software and database management languages such as Standard Query Language (SQL)
Regulatory and Compliance Knowledge (CBUAE and Basel)
Planning, Forecasting and Monitoring (Stress Tests, ICAAP, RAROC)
Risk Evaluation and Management Statistical and Predictive Analysis
What we offer:
Competitive Salary & Additionally, all employees are eligible to participate in one of our rewarding variable pay plans.
Comprehensive Benefits Package: This includes market-leading medical insurance, group life and personal accident insurance, paid leave and leave airfare, employee preferential rates on loans and finance facilities, staff discounts and offers, and children education assistance (for certain job levels).
Flexible and Remote Working Options: We understand the importance of work-life balance and offer flexible working arrangements, subject to eligibility and job requirements.
Learning and Development Opportunities: We value and facilitate continuous learning and personal development through a variety of exciting learning opportunities, such as structured instructor-led courses, a comprehensive e-learning catalog, on-the-job training, and professional development programs.
At ADCB, we are dedicated to creating a respectful, caring and disciplined work environment that aligns with your career ambitions.Job DetailsJob Location:Abu Dhabi, AE, 939Employment Status: Fixed Term (3 years)
