Dubai Islamic Bank Head of Risk and Compliance Jobs in Kenya

Dubai Islamic Bank Head of Risk and Compliance Jobs in Kenya


Key Responsibilities

  • Design Risk and Compliance framework and Defining risk tolerance limits to ensure risk remain within the tolerance rate set by the board.

  • Develop and review periodically Risk MIS and Portfolio Quality reports for active Risk Management and ensuring alignment with the set tolerance levels.

  • Ensure and maintain a sound corporate, retail and investment portfolio, hence minimizing losses and maximizing return.

  • Update Senior Management / Board of Directors on all matters related to Risk & Credit Management.

  • Ensure efficient due diligence process within the organization for Risk Management,Ensure an effective Risk & Credit systems are in place to optimize the credit & risk reporting process in order to meet the business requirements.

  • Development and implementation of Risk & Credit Management Policies and Frameworks for all risk and Businesses areas,Ensure risk / reward balance and alignment with the market.

  • Member of Executive Committee, Management Committee, Board Credit Committee, Collection Committee, Investment committee, Risk Management Committee and ALCO.

  • Participate and contribute on all strategic matters of the bank with respect to its local and overseas operations and future business and expansion plans.

  • Retain a team of competent risk management professionals with necessary succession planning to ensure business continuity.

  • Meet and present to delegates from rating agencies, foreign banks, consultants, internal and external auditors etc.

  • Review all internal and external audit reports and arrange to address concerns raised in coordination with support & business units.

  • Review and provide feedback on external credit & risk agencies reports on the bank.

  • Ensure all the credit proposals are carefully evaluated and provide logical recommendations prior the submission to next level of authority and to the credit committee for approval/decision.

  • Manage Credit Risk Approval Process of Limits for New and Existing Customers including excesses, one off deals which have a direct impact to the revenue and budgeted revenue/income targets.

  • Develop and implement Compliance strategy & framework comprising of Charter, Policies & Procedures in order to ensure high level of compliance of bank’s operations with
    the country rules & regulations as well as safeguard the bank interest.

  • Establish a risk based Compliance Program to identify, measure and assess Compliance risks in Products, activities & processes of the Bank in accordance with the Compliance framework

  • Ensure adequacy, effectiveness & efficiency of Compliance functions & Compliance Controls ( i.e., regulatory Compliance, Financial Security, Market abuse, Suitability, Deontology, Conflict of Interest etc) in accordance with regulatory & policy requirements.

  • Review the investigations on “Red flags”, escalate suspicious, dubious & or fraudulent names/accounts &/or transactions and report it to senior management & Board Committee.

  • Report material findings, anomalies & recommendations pertaining to Regulatory & or financial crime related issues to senior management and Board Members

  • Provide guidance & advice to relevant functions within the bank towards strengthening regulatory compliance and mitigating Compliance risks.

  • Procure tools & systems as required, for carrying out Compliance functions and specifically financial Security functions (including monitoring and data mining tools for review of transactions).

    Job Specification

    Education

  • A University degree in a business–related field with risk management related professional qualifications

  • Master’s degree is preferable.

    Training/Skills

  • Basel II and knowledge of high yielding / low risk investment products

  • Knowledge of Investment practice and theory

  • Risk Management Principles

  • Strategy development, implementation and monitoring

    Work Experience

  • 10-12 years’ experience in risk management with at least 5 years at senior management level in well-established and recognized financial institutions.

    Competencies

  • Communication skills

  • Analytical thinking

  • Assertiveness

  • Problem solving skills

  • Leadership

  • Team orientation

    How to Apply

  • For more information and job application details, see; Dubai Islamic Bank Head of Risk and Compliance Jobs in Kenya


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