Associate Manager, Corporate Middle Office [Saudi Arabia]

 

Job Purpose
Independently undertake all necessary activities in the formulation Bank-wide Valuation Policy on assets and security collaterals in OCR and other funds. Perform independent valuation function and provide guidance on impairments. Ensure adherence to the investment policies in the respective fund portfolios as managed/administered by Investment Department. Performance monitoring from risk, return and compliance perspectives.Key Accountabilities

Corporate Middle Office (CMO)

• Develop and maintain of Bank-wide Valuation Policy on assets and security collaterals in line with the best business practices.

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• Lead and provide guidance to the team in performing the independent valuation function on OCR and other funds.
• Coordinate with Finance Department in finalization of quarterly valuation and impairment for financial statements.
• Ensure regular monitoring of security and collateral / guarantees valuations and the Loan to Value (LTV) ratio on periodic basis.
• Ensure adherence to the funds managed/administered by Investment Department with the applicable and relevant investment policies.
• Lead the performance, risk and compliance monitoring and reporting activities on Bank-wide investment portfolios of Equity and Funds managed/administered the Investment Department.
• Ensure Pre-Trade and Post Trade Investment Compliance checks are performed on non-Treasury Investments.
• Lead detailed and comprehensive reporting on periodic as well as ad-hoc basis.
• Lead execution of IFRS-9 Expected Credit Loss models for quarterly reporting and analytics and provide assistance to Finance Department for impairment and provisioning calculations for all financing and investment operations.
• Ensure maintenance and custody of risk management master data and ensure unique identification for obligor across all relevant systems
• Lead coordination with custodian counterparts to maintain Bank-wide Investment Portfolio data managed/administered by the Investment Department.

Operational Excellence & Knowledge Share:

• Provides technical guidance and reviews the work delivered by lesser experienced team members.
• Monitors the effective implementation and adherence to respective risk management policies, procedures and controls so that all relevant procedural / legislative requirements are fulfilled.
• Keeps abreast of the latest developments, regulations and leading practices in the field and proposes any necessary actions.
• Proposes and implements process improvements to increase efficiency, effectiveness and compliance of the related operations.
• Contributes to preparation of work plans and financial budget for the operational risk function and monitors actual expenditure against the approved budget.

Education, Experience & Certification

Academic and professional qualifications:

• Master's degree in Economics/ Finance / Risk Management / Mathematics / Business Administration or related discipline.
• Professional certifications like CIA/CFA/PRM/FRM/CQF would be preferred.
• Minimum 8 years of relevant experience in the risk management function, of which at least 4 years in Middle Office, preferably in a Multilateral Development Bank or a Multinational bank.
• Minimum 3 years of managerial experience.

Skills & Necessary Knowledge

• Risk Assessment skills
• Asset Valuation Techniques.
• Risk Reporting
• Portfolio Management
• Governance, Risk and control.
• Islamic Finance.
• Analytical Thinking.
• Problem Solving.
• Attention to detail.
• Stakeholder Management
• MS Office.

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