Assistant Manager - Enterprise Risk

Company Description

Role Description

*ICAAP & Capital Management*

• Develop and maintain ICAAP models for all material risks (credit, market, liquidity, operational, and PII risk).
• Calculate internal capital requirements and capital charge for each risk type.
• Support annual ICAAP preparation and Board submission.
• Maintain documentation of methodologies, assumptions, and model limitations.
• Coordinate model validation and enhancement exercises.

*Stress Testing & Recovery Planning*

• Design and execute enterprise-wide stress testing scenarios (baseline, adverse, severe).
• Quantify impact on capital adequacy, liquidity, and profitability.
• Develop and maintain Recovery Plan with defined capital and liquidity triggers.
• ***IFRS 9 Support***
• Assist in ECL model parameter estimation (PD, LGD, EAD).
• Review staging criteria and macroeconomic overlays.
• Support quarterly ECL reporting and documentation.
• Coordinate with Finance and external auditors on model-related matters.

*Enterprise Risk Management (ERM)*

• Identify and assess material risks across the organization.
• Maintain enterprise risk register and model inventory.
• Prepare and update comprehensive ERM framework aligned with regulatory requirements.

*Risk Reporting & Governance*

• Prepare Board Risk Committee decks and management risk reports.
• Monitor risk appetite metrics and Key Risk Indicators (KRIs).
• Ensure timely, accurate, and comprehensive risk reporting.
• Support regulatory reporting and supervisory inspections.

*RAROC & Risk-Adjusted Performance*

• Develop and maintain RAROC framework.
• Provide quarterly return-on-capital assessments.
• Support pricing and business strategy decisions from a risk-return perspective.

*Strategic & Ad-hoc Support*

• Support the Head of Risk in strategic initiatives.
• Assist in regulatory inspections and internal audits.
• Conduct new product risk assessments.
• Provide analytical support for management decision-making.

Required Qualifications And Education

• Bachelor’s degree in Finance, Risk Management, Economics, Mathematics, or related field.
• Professional certifications preferred (FRM, PRM, CFA, or progress toward certification).
• 5–10 years of experience in risk management within a bank or financial institution.
• Strong exposure to:
• ICAAP and capital management
• Stress testing and scenario modelling

Ifrs 9 Ecl Frameworks

• RAROC and FTP concepts
• Familiarity with CBUAE regulations and governance standards.