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Risk Management and Compliance Principal (ICD) Islamic Development Bank Group (IDB Group) Jeddah, Saudi Arabia

IDB1407 - Risk Management & Compliance Principal (ICD)

Business Unit : ICD

Function : Not Applicable

Department : Risk Management

Country : Saudi Arabia

Location : Jeddah, Saudi Arabia

Closing Date : 02-Nov-2012

JOB PURPOSE:

This role is for assisting and supporting the Head of Risk in the development and management of the policies , processes and compliance for ICD ".

PRINCIPAL DUTIES AND RESPONSIBILITIES:

• Develop and prepare a compliance report for tracking and monitoring overall compliance requirement for ICD and to address and mitigate on the issues of non compliance.
• Preparing and reviewing the monthly, quarterly and annual risk reports at the end of each Hijri month covering exposure related information on countries, industries/sectors, products/business lines, overdue and impairment.
• Monitoring ICD's asset portfolio and treasury exposure from a risk perspective and ensuring adherence with stated policies, guidelines and limits.
• Supporting the Head of Risk Management in developing and implementing ICD’s Risk Strategy, as well as recommending steps to mitigate the overall risk appetite.
• Identify and develop Key Risk Indicators (KRI) on financing/credit , market and operational risk, etc..
• Develop and monitor Compliance Status Indicators (CSI) of the overall compliant requirement for ICD.
• Assisting the Head of Risk Management in developing and updating policies that are required by ICD and obtaining necessary approvals.
• Monitoring the Risk Management Cycle by carrying out risk identification, risk measurement, risk monitoring & reporting functions and risk evaluation of all activities of ICD in order to ensure compliance with overall lending/investment policies
• Reviewing Credit Proposals for management approval before submitting it to the Management Committee.

Experience:

10-12 years of experience in the field including at least 4 years at a managerial level in Risk Management & Compliance

Qualifications & Other Requirements:

Post Graduate/ MBA
English is a must
Arabic / French is an advantage

Other Information:

Note: you will be required to attach the following:
1. Resume / CV

To Apply:
http://www.isdb.jobs/careers/isdb/VacancyDetail.aspx?PageID=2513&VacancyID=42056