IDB Group Director, Risk Management
IDB1507 - Director, Risk Management
Business Unit: ICD
Department: Risk Management
Location: Jeddah, Saudi Arabia
Closing Date: 10-May-2013
Job Purpose:
This role is responsible for developing and managing a comprehensive risk policy framework and strategy in order to mitigate risk for ICD at an organization-wide level. This role leads the development of risk management processes, constantly improving their effectiveness and striving for the right balance between creating a developmental impact and ensuring commercial viability for all investments.
Key Responsibilities:
• Formulating an integrated risk management framework for ICD as an organization covering all types of risks i.e. credit, operational and market risk. This will include advising the top management and Board on ICD's risk tolerance/appetite on an annual basis.
• Guiding the development of Risk Processes, Models, Templates, decision making frameworks etc. in order to embed risk management into the investment process and support implementation.
• Managing 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
• Supervising analysis of ICD’s asset portfolio and providing reports to the senior management and the Board of Directors highlighting the trends and areas of concern in order to recommend a risk strategy and enable the top management and the Board to take appropriate measures, if required
• Organizing the scrutiny of every financing/investment proposal that comes to the Risk Management team and authorizing credit facilities to investee companies based on analyses conducted
• Providing vital strategic and risk-based decision support to ICD senior management and employees in the products and deals teams across the corporation.
• Establishing and maintaining the end-to-end credit administration process- Ensuring that adequate documentation is in place before fund disbursal, taking regular updates on the monitoring of individual assets and initiating Facility Reviews as required.
• Defining the asset classification criteria for non performing and distressed assets, and working closely with the products teams to ensure that NPAs are kept at a minimum.
• Supervising the Remedial & Collateral Management Analyst in monitoring collateral at a portfolio level, and sharing findings with ICD management as required. Using these insights to review risk management policies and procedures.
• Formulating department budgets in conjunction with organizational budget , tracking expenses and ensuring adherence.
• Participating and providing inputs in various Control and Action/ Advisory Committees
• Managing the team under the Risk Management division by evaluating performance of team members, providing feedback on an ongoing basis, identifying development needs and coaching them to ensure ongoing capability development.
• Keeping abreast of developments in the internal and external business environment, economic and political situations and submits management reports on potential risk factors/ exposures, trends and changes that may impact the business and making appropriate recommendations for strategic management of the changes and introduction of best practices affecting risks
Experience:
• 12-15 years of experience in Risk Management, preferably in similar organization
Qualifications & Other Requirements:
• Post Graduate/ MBA
• English language is a must
To Apply:
http://www.isdb.jobs/careers/isdb/VacancyDetail.aspx?PageID=2513&VacancyID=57786.
Business Unit: ICD
Department: Risk Management
Location: Jeddah, Saudi Arabia
Closing Date: 10-May-2013
Job Purpose:
This role is responsible for developing and managing a comprehensive risk policy framework and strategy in order to mitigate risk for ICD at an organization-wide level. This role leads the development of risk management processes, constantly improving their effectiveness and striving for the right balance between creating a developmental impact and ensuring commercial viability for all investments.
Key Responsibilities:
• Formulating an integrated risk management framework for ICD as an organization covering all types of risks i.e. credit, operational and market risk. This will include advising the top management and Board on ICD's risk tolerance/appetite on an annual basis.
• Guiding the development of Risk Processes, Models, Templates, decision making frameworks etc. in order to embed risk management into the investment process and support implementation.
• Managing 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
• Supervising analysis of ICD’s asset portfolio and providing reports to the senior management and the Board of Directors highlighting the trends and areas of concern in order to recommend a risk strategy and enable the top management and the Board to take appropriate measures, if required
• Organizing the scrutiny of every financing/investment proposal that comes to the Risk Management team and authorizing credit facilities to investee companies based on analyses conducted
• Providing vital strategic and risk-based decision support to ICD senior management and employees in the products and deals teams across the corporation.
• Establishing and maintaining the end-to-end credit administration process- Ensuring that adequate documentation is in place before fund disbursal, taking regular updates on the monitoring of individual assets and initiating Facility Reviews as required.
• Defining the asset classification criteria for non performing and distressed assets, and working closely with the products teams to ensure that NPAs are kept at a minimum.
• Supervising the Remedial & Collateral Management Analyst in monitoring collateral at a portfolio level, and sharing findings with ICD management as required. Using these insights to review risk management policies and procedures.
• Formulating department budgets in conjunction with organizational budget , tracking expenses and ensuring adherence.
• Participating and providing inputs in various Control and Action/ Advisory Committees
• Managing the team under the Risk Management division by evaluating performance of team members, providing feedback on an ongoing basis, identifying development needs and coaching them to ensure ongoing capability development.
• Keeping abreast of developments in the internal and external business environment, economic and political situations and submits management reports on potential risk factors/ exposures, trends and changes that may impact the business and making appropriate recommendations for strategic management of the changes and introduction of best practices affecting risks
Experience:
• 12-15 years of experience in Risk Management, preferably in similar organization
Qualifications & Other Requirements:
• Post Graduate/ MBA
• English language is a must
To Apply:
http://www.isdb.jobs/careers/isdb/VacancyDetail.aspx?PageID=2513&VacancyID=57786.
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