Risk Director - Abu Dhabi, United Arab Emirates - Arab Trade Financing Program

    Arab Trade Financing Program
    Arab Trade Financing Program Abu Dhabi, United Arab Emirates

    20 hours ago

    Description
    Job Description

    Role Purpose

    Provide leadership and oversight for credit risk management to safeguard the organization's assets and reputation.

    Ensure that credit risk is identified, assessed, managed, and reported in line with the organization's risk appetite and regulatory requirements

    Planning and Strategy

    Develop and implement credit risk strategies aligned with the organization's business objectives.

    Set risk tolerance and limits, and ensure effective portfolio diversification.

    Contribute risk insights to strategic and business planning processes

    Job Specific Accountabilities

    Conduct credit risk assessments and due diligence on counterparties and transactions.

    Review and recommend credit applications, setting risk-appropriate terms and conditions.

    Monitor and report on credit exposures, ensuring compliance with approved limits and policies.

    Prepare and present credit risk reports to management and relevant committees.

    Participate in risk and credit committees, providing expert advice and analysis.

    Lead or support credit risk-related projects and initiatives

    Identify, assess, and quantify market risks arising from fluctuations in interest rates, foreign exchange rates, commodity prices, and other market variables impacting the trade finance portfolio

    Monitor and independently oversee market risk exposures, including stop-loss, VaR limits, counterparty, country, and rate tolerance limits

    Prepare regular market risk reports for management, risk committees, and regulatory bodies, clearly articulating the organization's market risk profile and any breaches or exceptions

    Policies, Processes, and Procedures

    Develop, maintain, and update credit risk management policies and procedures.

    Ensure robust processes for credit approval, monitoring, and review, with clear roles and escalation protocols.

    Implement controls to ensure adherence to risk policies and timely identification of exceptions.

    Facilitate periodic reviews and audits of credit risk activities.

    Support the development and reform of market and liquidity risk management policies and guidelines within the enterprise risk management framework

    General Accountabilities

    Promote a strong risk culture and ethical standards across the organization.

    Maintain up-to-date knowledge of regulatory and market developments affecting credit risk.

    Ensure accurate documentation and record-keeping for all credit risk activities.

    Collaborate with other departments to ensure integrated risk management.

    Undertake additional duties as directed by the CEO or Director of Risk

    Qualifications, Skills & Experience

    Bachelor's degree in business administration, Finance, or a related field

    10+ years of experience in administration and MIS-related functions, preferably in financial services or trade finance

    Fluency in Arabic and English

    Strong skills in credit and market risk evaluation, stakeholder management and reporting

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