Manager Risk Governance - Dubai, United Arab Emirates - STANDARDS Services

    STANDARDS Services
    STANDARDS Services Dubai, United Arab Emirates

    2 weeks ago

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    Description

    Appraise and contribute to the development of strategic plans and alignment with risk appetite of UAE (including DIFC).Inform the development of business plans with the provision of cost and impairment forecasts and a balanced judgment on the external environment within the country.

    Support line manager in aligning strategy of the risk function with business strategy and risk appetite.
    Communicate the strategic intent and collective agenda for the Function.
    Maintain and develop the Function's risk capabilities, and skills to meet ongoing needs and plans.

    Support line manager to supervise all processes where a member of the risk function is the identified first line process owner.

    Continuously improve the operational efficiencies and effectiveness of risk management processes.
    Lead through example and help build the appropriate culture and values within risk and across the wider organization.

    Support line manager to assess periodically the risk profile for the country and maintain alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors.

    Ensure that material risk exposures and related issues are reported to the responsible governance committees and to Group and business-level committees as appropriate.

    Provide analytic support to the Risk teams and encourage data driven decision in BAU risk management and improve the knowledge on financial modelsEnsure that models, data and other analytic processes are fit for purposes not only for regulatory estimates but also for daily business usage, underwriting decisions, risk appetite decisions and strategy designCarry out stress tests and scenario programs, review the results and assess their implications.

    Ensure that effective management response plans are in place to respond to extreme but plausible scenarios.

    Maintain a good understanding of the requirements of key external stakeholders in respect of risk management and ensure these are well understood internally and reflected in internal proceduresSupport line manager in maintaining delegated authorities in line with internal policies and ensure that delegations are in line with individual capabilities.

    Ensure country risk committees meet on a regular basis to review risk issues in compliance with governance requirementsCo-ordination to ensure efficient running of key Risk meetings, preparation of quality packs (CRC joint CNFRC), completion of minutes where necessary and tracking on closure of deliverablesContribute in the bank's agenda of reviewing all new regulatory guidelinesLead the Regulatory inspection in country and ensure timely and accurate delivery of information to the regulatorEnsure compliance with regulatory obligations across Credit, Traded, Reputational, Model, Treasury, Operational and Country RiskOversight of Risk Governance activities within the functionEnsure various risk teams fulfil their responsibility as risk type framework owners on specific laws and regulations assignedSecretary of Country Risk Committee (UAE, DIFC, ADGM and authorised sub-committees)Preparation of Risk papers (Risk updates to Country/ Region/ Group as appropriate)Preparation and review of Prudential pack, input to risk governance, country risk and reputational risk areas for stress testing and financial statements.

    Support ad-hoc projects as requiredConduct ERMF self-assessment for all Risk typesConduct Effectiveness reviews of various Risk committeesDisplay exemplary conduct and live by the Group's Values and Code of Conduct.

    Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank.

    This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.

    Lead the [Risk team] to achieve the outcomes set out in the Bank's Conduct Principles:
    [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.] *Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

    Support the risk function in handling of CB UAE, DFSA, FSRA and External Audit questions and examination as appropriateConsolidating the communication by the Risk Function with the various regulatorsDissemination of laws and regulations assigned to the Risk Function to respective partiesCoordination of any regulatory exercise which impacts all Risk Functions of the BankICAAP Risk Coordination and SubmissionIFRS9 and ECL Coordinator for RiskMaintenance of Risk Regulatory Obligation RegisterRegulatory returns submission review processParticipate and support Regulatory thematic onsite reviews for Risk function Disclaimer:

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