Chief Risk Officer - Dubai, United Arab Emirates - Standard Chartered

Standard Chartered

Verified Company

Dubai, United Arab Emirates

1 week ago

Posted by:

Ahmed Al-Mansouri

beBee Recruiter

Description

Job:
Risk

Primary Location:
Africa & Middle East-United Arab Emirates-Dubai

Schedule:
Full-time

Employee Status:
Permanent

Posting Date: 15/Feb/2023, 9:02:48 AM

Unposting Date: 01/Mar/2023, 5:59:00 PM

Ready to take the next step in your career with us?
To us, good performance is about much more than turning a profit.

It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.

We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation.

This in turn helps us to provide better support to our broad client base

Job Purpose:

As Head of the Risk function for Africa and the Middle East (AME) and a key member of our Regional Management Team (RMT), the job holder is responsible for second line of defence responsibilities related to risk management across AME, which involves oversight and challenge of risk management actions of the first line, including; building a culture of good conduct in the AME Risk function and

providing governance oversight to embed the Enterprise Risk Management Framework including the Principal Risk Types, as well as material cross-cutting and overarching risks within the AME region.

Role Responsibilities (not limited to):

Strategy

Inform the development of business plans with the provision of cost and impairment forecasts and a balanced judgement on the external environment.
Contribute to the development of performance management processes, to encourage development of an appropriate risk culture and discipline.
Embed innovation, digitisation and analytics by defining and actioning the future state analytics operating model.
Responsible for risk related disclosure to regulators, investors, analysts and rating agencies (such as annual and interim results, Pillar 3 and ensure they are compliant with applicable regulatory requirements.)
Represent the Risk function in relevant committees or management forums.
Supervise the teams to achieve sound management of all aspects of risk in each and every country
Appraise and contribute to the development of the Group's strategic plans.
Align the strategy of the Risk function in AME with business strategy and risk appetite and oversee its execution.
Plan development of risk parameters for AME according to Risk Type Frameworks and document in portfolio standards

Business

Define the strategic intent and agenda for the Risk function in AME.
Provide Group information, guidance, best practice and expertise to ensure that the Risk Function in AME applies the same business strategy with Group and operate the risk management system
Communicate to the Business the strategic intent and collective agenda for the Risk Function in AME.
Maintain and develop risk capabilities and skills to meet ongoing business needs and plans awareness and understanding of the wider business, economic and market environment in which the Group operates.
Identify, measure and monitor material risk affecting CIB and CB portfolios in the context of the external market environments

Processes

Responsible for the operational efficiency and effectiveness of the Risk function in AME, including risk management processes, by defining and maintaining an operational excellence agenda for the Risk Function in AME.
Ensure effective management of operational risks within the Risk function in AME and compliance with applicable internal policies, and external laws and regulations.
Control portfolio with the set risk parameters to ensure risk profile within risk appetite
Ensure credit approvals are within delegated authorities

People and Talent

Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from my team and work in collaboration with risk and control partners.
Ensure the provision of ongoing training and development of people and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
Employ, engage and retain high quality people, with succession planning for critical roles.
Responsibility to review team structure/capacity plans.
Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
Uphold and reinforce the independence of the Risk function from those whose primary responsibility is to maximise short term revenues and profits

Risk Appetite

Uphold the integrity of risk/return decisions, by challenging business and control function heads to demonstrate that risk origination and control decisions are properly informed and consistent with strate