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AVP, Policy and Portfolio Review

Arab Banking Corporation
Manama, Bahrain
Posted 2 days ago Permanent competitive

Department:

Group Credit and Risk

Reports To:

Head of Policy, Procedures, Portfolio Review & Credit Support

Job Purpose:

AVP Policy and Portfolio Review is responsible for developing, reviewing, updating and implementing the necessary credit policies, standards, and procedures (PSPs). This includes introduction of controls and oversight tools to achieve enhanced credit risk management that effectively identifies, measures, monitors and reports credit risk across the portfolio.

This role resides within second line of defence, part of the Group Credit. Role holder will report to Head of Policy, Procedures, Portfolio Review & Credit Support, who in turns reports to the Group Chief Credit Officer, who in turn reports to the Group Chief Credit & Risk Officer who reports to the Group Chief Executive Officer.

Below are the role’s key objectives:

  • Implement, maintain and develop the group level credit policies, standards, and procedures – 30%
  • Conduct regular and ad-hoc Portfolio Reviews – 30%
  • Produce credit-related MI packs – 30%
  • Participate in risk-related project management – 10%

The job responsibilities within these objectives are described in more detail below.

Dimensions of role (i.e. budgets managed, number of staff):

Financial (Revenue, Expenses, Budgets etc.)  

N/A

Non-Financial (size of team, geographical coverage, time horizon of main decisions, etc.)  

N/A

Principal Responsibilities, Accountabilities and Deliverables of Role:

 - Policies, Standards, and Procedures (PSPs) – 30%

  • Implement, maintain, review, update and develop the Group level credit Policies, Standards, and Procedures
  • Adopt best practice for review and development of PSPs, taking into consideration the legal, compliance, and regulatory aspects that are relating to credit risk
  • Ensure that group credit PSPs remain relevant to the Bank’s business strategy and in accordance with risk appetite and regulatory requirements (e.g. CBB Rulebook)
  • Oversee the credit risk management procedures for the Bank and effectively operationalize them within the credit management framework
  • Timely completion of PSPs reviews, in line with their prescribed timeframes
  • Maintenance of PSPs publication on Bank intranet page
  • Communicate policy and standard development to stakeholders through the approval process and liaison with group-wide stakeholders
  • As required, assist the local credit units in developing their local PSPs with the aim to arrive at a consistent aligned approach

 - Regular and ad-hoc Portfolio Reviews – 30%

  • Review the portfolio for countries, sectors, products, concentrations, and obligors, and escalate cases that warrant special attention
  • Enhance and structure monitoring and oversight activity and escalation process
  • Continually develop the Portfolio Reviews material being presented at credit committees to better reflect the credit risk the Bank faces
  • In collaboration with group-wide stakeholders, establish a framework for various account irregularities, such as: overdue payments, overdue reviews, stale static data recorded in CMS

 - Reporting & Credit-related MI Packs – 30%

  • Improve and establish regular Credit MI Pack to identify, measure, monitor, and report credit risks (e.g. top exposures review, LE report, excesses above concentration thresholds, etc.)
  • Role holder will liaise with all stakeholders to ensure that the credit risk function delivers on its reporting requirements (e.g. CBB submissions, Rating Agencies, KRIs and ARC Objectives)
  • Liaise with Group and Local Units to effective monitor and assess credit risks, e.g. producing Account Requiring Close Monitoring Report
  • Assist in the delivery of reports on sectors and risk outlook within a country or assist in the compilation of a wider report across many jurisdictions

 - Risk-related Project Management – 10%

  • Participate in closure of Audit Issues, resolution of GAQR, RCSA, and OP Risk reports;
  • Providing in depth support in terms of ensuring that the reporting and governance structures are accurately reflected in group policy, standards and procedures.
  • As required, assist with management of GCC committee, and any ad hoc meetings and forums
  • Support credit submissions for completion of external and internal Audit reviews
  • Encourage the development of the team as a whole and ensure that his/her own skills are current and that courses are completed on areas requiring development
  • Support credit risk projects from the procedures, reporting and governance scheduling point of view

Risk, Compliance & Business Continuity:

  • At all times, act with due care, skill and diligence to ensure compliance with the Bank’s risk culture, policies and procedures, Code of Conduct and Values.
  • Ensure a climate of openness, transparency and accountability for compliance with external regulations and internal risk policies and procedures, where issues are raised, escalated and resolved as appropriate and required, in a timely manner. 
  • Ensure that stakeholders and reports are educated on risk and compliance matters, and that all employees in reporting line complete mandatory training to schedule.
  • Escalate to MLRO in a timely manner any knowledge or suspicion of financial crime, providing all pertinent facts and assistance where required for further investigation.
  • Ensure that policies and procedures for your area(s) of responsibility are clearly documented, stored in an accessible manner, and kept up to date.
  • Participate in exercises to rehearse the banks response to an emergency situation (i.e. evacuation exercises and Business Continuity tests)

Job Context (Circumstances & environment surrounding the job):

This function acts as a core support to the Group Credit on all matters relating to PSP and Portfolio Review.

The job holder is expected to:

  • Understand and develop the credit risk policies and standards;
  • Have a deep understanding of the legal and regulatory requirements in Bahrain and beyond;
  • Recognise the need to balance risk-prudence with actual market-practices/pressures and support growth of a sustainable well-managed risk portfolio; and
  • Understand risk strategy and appetite documents.

Main Contacts:

  1. Contact Group
  2. Internal / External
  3. Purpose
  4. Frequency

Senior Management in the Credit and Risk Team at Group

  • Internal
  • Information, Advice & Decision
  • Regular

​Senior management

  • Internal
  • Information, Advice & Decision
  • Regular

​Business Unit Heads

  • Internal
  • Information, Advice & Decision
  • Regular

Credit Risk functions / teams across the Group

  • Internal
  • Information, Advice & Decision
  • Regular

​Stakeholder committees

  • Internal
  • Information, Advice & Decision
  • Regular

​Legal, Compliance, Finance and Internal Audit stakeholders

  • Internal
  • Information, Advice & Decision
  • Regular

Regulators​

  • External
  • Information
  • As Required

​External Auditors

  • External
  • Information
  • As Required

​External consultants, accountants, Rating Agencies, stakeholders & service providers and other research firms

  • External
  • Information
  • As Required

Job Requirements:

Knowledge

  • Deep knowledge of best practice concerning the development of credit policy and standards
  • Up to date knowledge and interpretation of legal, accounting and regulatory guidelines (e.g. CBB Rulebook, IFRS 9 and ESG);
  • Strong analytical and interpreting skills on exposures data, and related market/ economy knowledge, so as to conduct deep dive portfolio reviews with the aim to early identify potential high risks;
  • Strong knowledge of key banking products and their inherent risks, as well as ABC key markets

Education / Certifications

  • Minimum qualifications are a post graduate degree in Economics, Finance, Legal, Accountancy or Business Administration with a strong foundation in analytical, statistical and other quantitative techniques;

Experience

  • A minimum of 15 years’ experience in banking with a substantial part of that in Policies and Portfolio Review functions across various products, markets and business types e.g. traditional commercial banking, loans syndications, trade finance, project finance, real-estate finance, capital markets and Treasury products;
  • A minimum of 10 years’ experience in GCC markets with preferably another 5-3 in MENA or international markets

Personal Attributes

  • Strong communication, writing, and presentation skills;
  • The ability to effectively relate with external and internal parties, in obtaining data/information/views, and the dissemination of recommendations;
  • Working knowledge of standard software applications in use e.g. MS Office, as well as standard system architecture within typical banking software;
  • Contemporary knowledge of credit risk related software availabilities/ development in the market;
  • Work as team member, due diligence skills, accountability, transparent and open;
  • Quick learner and able to move with changes in technology and fast changing banking environment
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