VP, Credit Policy and Credit Portfolio Review VP, Credit Policy and Credit Portfolio Review …

Non-disclosed
in Manama, Capital Governorate, Bahrain
Permanent, Full time
Last application, 25 Sep 21
Competitive
Non-disclosed
in Manama, Capital Governorate, Bahrain
Permanent, Full time
Last application, 25 Sep 21
Competitive

Job Purpose:

VP Policy and Portfolio Review is responsible for developing and implementing the necessary credit policies, standards, and procedures (PSPs), 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 defense, 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.

Principal Responsibilities, Accountabilities and Deliverables of Role:

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

  • Implement, maintain 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
  • 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, Remediation of excesses, 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

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. 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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