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SEVP - Traded & Treasury Credit Risk.CM Corporate Credit.Credit Management
Mashreq Corporate & Investment Banking Group
Abu Dhabi, UAE
Full Time
Mid-Senior
Today
Counterparty Credit RiskDerivativesSecurities Financing TransactionsCredit Policy DevelopmentRisk GovernanceBasel III
Free
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Counterparty Credit RiskDerivativesSecurities Financing Transactions
About the Role
Lead the development, evaluation, and implementation of Traded and Treasury Credit Risk frameworks, policies, and governance standards across all geographies. Requires 15-20 years of banking experience with significant exposure to Traded Credit Risk / Counterparty Credit Risk Management.
Key Skills for This Role
Counterparty Credit RiskDerivativesSecurities Financing TransactionsCredit Policy DevelopmentRisk GovernanceBasel III
Responsibilities
- Lead the end to end credit lifecycle for Traded and Treasury Credit Risk exposures including derivatives, FX, repo, reverse repo, securities lending/borrowing, structured funding trades, and interbank limits across assigned geographies.
- Drive the development, implementation, and ongoing enhancement of counterparty credit risk policies, procedures, and underwriting standards governing Treasury and Markets activities across single or multiple jurisdictions.
- Partner with Global Markets and Treasury teams to structure optimal credit and collateral arrangements for trading counterparties in line with the Bank’s risk appetite, product governance standards, and country specific regulatory requirements.
- Provide credit advisory on transaction structuring including margining frameworks, netting enforceability, collateral eligibility, wrong way risk considerations, settlement risk, and legal documentation (ISDA/CSA/GMRA/GMSLA) across jurisdictions.
- Evaluate and approve complex counterparty credit proposals including derivatives limits, settlement limits, securities financing transactions, and structured treasury exposures within delegated credit authority.
- Oversee portfolio level risks arising from counterparty concentrations, product exposures, market volatility, and cross border legal enforceability considerations, and guide appropriate exposure mitigation strategies.
Requirements
- MBA, CA, CFA, FRM, or equivalent postgraduate qualification in Finance, Banking, Financial Engineering, or Risk Management preferred
- Minimum 15–20 years of relevant banking experience with significant exposure to Traded Credit Risk / Counterparty Credit Risk Management across Treasury and Global Markets products, with at least 5–7 years of managerial experience preferred
- Expert knowledge of Treasury and Global Markets products including derivatives (OTC and exchange traded), FX, securities financing transactions (Repo / Reverse Repo), securities lending & borrowing, structured funding arrangements, and interbank placements
- Strong understanding of counterparty credit risk dynamics including exposure measurement methodologies such as Mark to Market (MTM), Potential Future Exposure (PFE), Exposure at Default (EAD), and settlement risk frameworks
- Sound knowledge of regulatory frameworks governing traded credit risk including Basel III Counterparty Credit Risk (CCR), SA CCR guidelines, large exposure norms, and capital adequacy standards applicable to Treasury and trading book exposures
- In depth expertise in collateral management practices including margining frameworks, collateral eligibility assessment, haircut methodologies, and liquidity considerations across financial instruments
- Strong credit structuring skills with demonstrated ability to exercise sound judgment in evaluating complex market linked exposures across banks, financial institutions, sovereigns, corporates, CCPs, and non bank financial counterparties
- Excellent analytical capabilities encompassing qualitative and quantitative assessment of counterparty financials, market risk sensitivities, legal documentation enforceability (ISDA / CSA / GMRA / GMSLA), and portfolio risk trends
- Ability to independently manage multiple counterparty portfolios and competing priorities in a dynamic and market sensitive environment
- Strong interpersonal, communication, and presentation skills for effective engagement with Senior Management, Risk Committees, and trading stakeholders
- High proficiency in problem solving and credit decision making within delegated traded credit authority framework
- Demonstrated leadership capability to mentor traded credit underwriting teams and foster a strong institutional counterparty risk culture
Full Job Posting
Job Purpose
- To lead the development, evaluation, and implementation of Traded and Treasury Credit Risk frameworks, policies, and governance standards across all geographies where the Bank operates, while managing the end to end credit lifecycle for Counterparty Credit Risk (CCR) exposures arising from Treasury,
- The role is responsible for independently assessing and approving complex market linked credit facilities and counterparty exposures including derivatives, securities financing transactions (SFTs), structured funding arrangements, and interbank placements through direct engagement with Global Market
- The incumbent is expected to possess strong multi product and cross‑jurisdictional expertise to evaluate and manage credit exposures across banks, financial institutions, sovereigns, corporates, CCPs, and non bank financial counterparties, ensuring robust enterprise wide risk governance, effective e
Key Responsibilities
- Lead the end to end credit lifecycle for Traded and Treasury Credit Risk exposures including derivatives, FX, repo, reverse repo, securities lending/borrowing, structured funding trades, and interbank limits across assigned geographies.
- Drive the development, implementation, and ongoing enhancement of counterparty credit risk policies, procedures, and underwriting standards governing Treasury and Markets activities across single or multiple jurisdictions.
- Partner with Global Markets and Treasury teams to structure optimal credit and collateral arrangements for trading counterparties in line with the Bank’s risk appetite, product governance standards, and country specific regulatory requirements.
- Provide credit advisory on transaction structuring including margining frameworks, netting enforceability, collateral eligibility, wrong way risk considerations, settlement risk, and legal documentation (ISDA/CSA/GMRA/GMSLA) across jurisdictions.
- Evaluate and approve complex counterparty credit proposals including derivatives limits, settlement limits, securities financing transactions, and structured treasury exposures within delegated credit authority.
- Oversee portfolio level risks arising from counterparty concentrations, product exposures, market volatility, and cross border legal enforceability considerations, and guide appropriate exposure mitigation strategies.
Key Result Areas Strategic Contribution
- Translate the Bank’s Risk and Treasury/Global Markets strategy into a comprehensive Traded and Treasury Credit Risk framework aligned with balance sheet optimization, market risk appetite, and counterparty exposure limits across all operating geographies.
- Drive the strategic direction of the Counterparty Credit Risk portfolio arising from Treasury placements, derivatives trading, securities financing transactions (SFTs), and structured funding activities.
- Enable sustainable business growth by supporting appropriately structured counterparty credit limits and collateralized trading arrangements tailored to evolving market dynamics and liquidity requirements.
- Provide strategic oversight on jurisdiction specific counterparty exposures ensuring alignment with portfolio diversification objectives, settlement risk thresholds, and concentration limits across financial institutions and sovereign counterparties.
- Lead and support Traded and Treasury Credit Risk initiatives including exposure monitoring enhancements, limit frameworks, collateral optimization methodologies, and policy digitization programs.
- Drive continuous improvement in counterparty assessment methodologies, limit utilization monitoring tools, stress testing frameworks, and market driven exposure evaluation techniques.
Key Result Areas Credit Policy & Governance
- Formulate, maintain, and seek approval for Traded and Treasury Credit Risk Policies and Programs to facilitate business growth while ensuring effective management of counterparty and settlement risks across jurisdictions.
- Actively collaborate with Global Markets and Treasury teams in the preparation, review, and modification of counterparty credit policies based on evolving financial market dynamics, macroeconomic developments, counterparty performance trends, and emerging product specific and jurisdictional risks.
- Participate in internal working groups for periodic review and enhancement of CCR policies, margining standards, collateral eligibility criteria, and documentation frameworks (e.g., ISDA, CSA, GMRA, GMSLA).
- Ensure Traded Credit Manuals and jurisdiction specific exposure underwriting standards are periodically reviewed and updated in line with regulatory developments (e.g., Basel III CCR guidelines) and internal exposure performance indicators.
Key Result Areas Portfolio Oversight & Risk Management
- Accountable for the overall quality, performance, and sustainability of the Traded and Treasury Counterparty Credit Risk portfolio across all approved counterparties.
- Ensure maintenance of portfolio quality as measured by exposure at default (EAD), potential future exposure (PFE), limit utilization, and mark to market volatility, thereby minimizing adverse impact on capital consumption and profitability.
- Minimize adverse migration of counterparty risk ratings through proactive exposure surveillance and timely intervention.
- Implement and enhance early warning detection frameworks to proactively identify emerging counterparty credit risks and ensure timely corrective action including collateral calls or exposure reductions.
- Ensure adherence to approved risk appetite across counterparty and group level limits, product level exposure limits, country risk exposures, settlement and pre settlement risk thresholds.
- Ensure robust exposure monitoring through periodic portfolio reviews, stress testing and scenario analysis (e.g., interest rate shocks, FX volatility), counterparty risk rating migration tracking, limit breach monitoring and remedial action planning.
Key Result Areas Credit Underwriting Governance
- Provide oversight on underwriting standards and credit decisioning across all Treasury and Global Markets counterparties.
- Evaluate and process credit proposals including derivatives limits, interbank placements, securities financing transactions, structured funding arrangements, and clearing exposures.
- Ensure high quality of counterparty credit assessments to minimize percentage of proposals returned or rejected by Credit Committees.
- Maintain targeted turnaround time for limit approvals and credit processing in line with approved service level agreements for trading counterparties.
- Monitor volume of counterparty credit proposals processed to ensure adequate support to trading and treasury activities without compromising risk governance standards.
Key Result Areas Business Engagement & Market Awareness
- Partner with Treasury Dealers, Trading Desks, and Relationship Teams to structure optimal credit and collateral solutions aligned to market requirements.
- Accompany Treasury and Markets teams on counterparty due diligence discussions where necessary to maintain awareness of prevailing market conditions and emerging financial sector risks.
- Provide credit advisory support on transaction structuring considering counterparty financial strength, collateral adequacy, legal enforceability of netting agreements, and jurisdiction specific regulatory considerations.
Key Result Areas Committee Participation & Governance
- Attend Credit Committee meetings as a regular member and provide counterparty specific credit insights to facilitate informed decision making on trading exposures.
- Ensure proposals submitted for approval meet internal underwriting, legal documentation, and governance standards for traded credit exposures.
- Contribute to discussions on portfolio performance, emerging market risks, wrong way risk considerations, and exposure mitigation strategies.
Key Result Areas Training & Credit Culture Development
- Assist in the development of in house training curriculum and on the job programs aimed at strengthening institutional understanding of Counterparty Credit Risk and traded exposures.
- Support capability development initiatives to enhance product specific credit risk assessment competencies across Treasury and Credit Risk teams.
- Promote strong risk discipline and adherence to approved traded credit policies across all relevant stakeholder groups.
Key Result Areas Stakeholder Management
- Act as the key interface between Treasury, Global Markets, Market Risk, Credit Administration, Legal, Compliance, Finance, and Operations teams for implementation of counterparty credit solutions.
- Represent Credit Management in treasury related transactions, exposure reviews, and regulatory interactions where required.
- Ensure seamless coordination across stakeholders for effective execution, collateral management, and ongoing monitoring of traded and treasury credit exposures.
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