Overview

JOB PURPOSE:The successful candidate represents the second line of defense (2LoD) for FAB UK and is responsible for assisting the UK CRO in the robust independent identification, assessment and monitoring of Enterprise Risk Management (ERM) and Credit Risk Management (CRM) as it applies to FAB UK branch.A strong understanding of enterprise risk management principles, and experience of how they apply in the UK banking and finance regulatory environment, is required to perform this role. A strong ERM function is an important component that drives integrated risk awareness and culture and ensures a robust and forward-looking risk environment.In addition to overseeing ERM, the role will oversee CRM portfolio oversight to monitor and assess the credit risk profile of FAB UK. Key stakeholders include UK Credit, UK Finance, and Group Risk. The role works closely with the Group risk management units to ensure Group methodologies, policies, procedures and limit frameworks are established and suitable for FAB UK. It will build, produce and update the risk report suite to ensure consistency and compliance with the bank’s risk appetite.

Key Accountabilities

Strategy Development and ImplementationAssist the UK CRO in the formulation, implementation and delivery of the FAB UK’s risk strategy in line with the vision, mission, values and priorities of Group and UK ExCo.Maintain, execute and continuously improve FAB UK’s risk management strategy, frameworks, limits, and tolerances to assess and mitigate risk exposures, ensuring the region operates within its pre-defined risk appetite, aligned to the Group’s risk and business strategy.Assist in development and implementation of risk monitoring, models and control systems and processes in partnership with Group risk and business heads to support risk-based decision making.Assist in development and effective implementation of ERM and CRM policies, procedures and controls so that all relevant procedural/regulatory requirements are fulfilled.Monitor regulatory developments (e.g., SS1/21, CPs, Dear CEO or CRO letters) to ensure risk frameworks remain compliant and relevant.Coordinate with Group Risk to ensure that UK policies, procedures, models, processes, mitigation factors and action plans are aligned with Group risk mitigation and monitoring strategies. Provide Group with regular formalised updates.Oversee timely and accurate updates of risk documents on local governance share point.Maintain and enhance the Branch risk register, ensuring accurate capturing of material risks and emerging threats.From a functional perspective key accountabilities will include the following (as applicable):Act as subject matter expert (SME) on ERM documentation.Prepare all necessary reports related to ERM for submission to local regulators, UK ExCo, and Group.Credit RiskReview and opine on Credit risk policies and procedures across all products relevant for FAB UK.Monitor the UK Credit Risk portfolio for early detection of deterioration, stress testing, and portfolio limit management to assure compliance with the RMF and RAF frameworks.Monitor the Credit Exposure for FAB UK and assess if it is within the Country, Industry and portfolio limits.Classify NPL and PDNI as per regulatory guidelines and work with Group Risk to calculate provisioning requirements as per IFRS 9. Prepare the monthly NPL schedule, PDNI Schedule and annual forecast as per the Group reporting framework.Be prepared to produce, with the support of the UK Credit team, ad hoc research memos on Credit Risk in the portfolio and impact on portfolio due to macro-economic events or factors.ReportingEnsure all functional reports are prepared timely and accurately and meet location and Group requirements, policies and quality standards.Coordinate and prepare the London Branch Risk Committee pack, including minutes.Coordinate and prepare the London ExCo Risk Memo.Lead thematic reviews on areas such as concentrations risk, reputational risk, or culture as required.Job ContextCoordinate the review of Risk Appetite metrics.Conduct stress and scenario testing and analysis of portfolio at global levels.Work with stakeholders to ensure adequate Assurance testing.Risk Escalation.Review, assess, and report on:Past or anticipated changes in provisionsAny changes needed in specific provisions (e.g., staging)Portfolio quality (cost of risk)NPL and delinquency ratiosConcentrations (Rating, Industry, Country)Strategic Credit PositionsChanges in Largest ExposuresGovernanceReview, assess, and report on:Counterparty RatingsCredit limit utilization and excessesNon-standard termsExceptions to policyFulfilment of regulatory requirementsRelationship ManagementKey stakeholders in FAB UK, FAB International and Group:Head of UK Credit and the Credit team, HO international Risk team.UK CFO and UK Finance team, UK CCO and Compliance team, First Line Head of Controls (1LoD)FrameworksThe candidate is not responsible for the sanctioning of counterparty credit, including due diligence, credit file preparation, and individual counterparty reviews (initial, annual or ad hoc).ICAAP, ICARA, ILAAP and other capital and liquidity adequacy requirements given that FAB UK is a Branch, not a subsidiary.

Qualifications and Experience

Bachelor’s degree in finance or related discipline.Professional Qualifications (i.e. FRM, CFA, PRMIA) desirable but not essential5-10 years’ relevant experience in the banking sector with at least 3 years in similar positions of progressively increasing responsibilities in the ERM function.Direct CRM experience preferred with knowledge of IFRS staging and PD/ECL methodology.SkillsStrong analytical and quantitative skills, ability to interpret risk data and develop actionable insights.Excellent written and verbal communication; capable of producing clear, concise risk reports for senior audiences.Technically savvy, comfortable working with MS applications (PowerPoint, Co-Pilot, Excel, etc.)Compliance note: First Abu Dhabi Bank P.J.S.C is regulated as (COCON 1.1.2) in the UK by the Financial Conduct Authority (FCA) and limited regulation by the PRA. You are governed by the Conduct Rules. You must, at all times during your employment, act with integrity, act with due skill, care, and diligence, be open and cooperative with regulators, pay due regard to customers, and observe proper standards of market conduct. The Conduct Rules are intended to improve standards of individual behaviour in financial services. Any breaches will be reported to the FCA.

Seniority level

DirectorEmployment type

Full-timeJob function

OtherIndustries: BankingNote: This description excludes boilerplate and job-board related promotions. The content reflects the role-specific responsibilities and requirements as posted by FAB.

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