Senior Manager Regulatory Risk

Job Purpose

This key role within the ambit of Risk Strategy Division is responsible for leading the Regulatory Risk Department and ensuring compliance with Basel (Pillar I and Pillar 3) and IFRS 9 related regulatory requirements. This role is important to ensure timely and accurate preparation of results for submission to SAMA and other stakeholders.  The role also involves a continuous review of the regulatory environment to identify potential changes and update management on potential implications.

Vast analytical experience/ expertise, ability to handle complex vendor driven multi-functional projects in the Wholesale (non-retail) space and ability to navigate through people and Bank’s information architecture are critical to the success of the role.

Accountabilities

• Ensure timely and accurate computation of Basel CAR and the preparation of Pillar 3 and Q-17 reports.
• Ensure timely and accurate computation of provisions under IFRS 9 and their dissemination to Management and other stakeholders.
• Act as the Secretary to the Classification and Impairment Committee (CIC).
• Provide CIC with the necessary analytical inputs for effective decision making
• In conjunction with Senior Manager-Risk Analytics & Capital Planning, ensure that the IFRS 9 related models remain contemporary and meet the necessary standards.
• Identify potential changes in the Basel/ IFRS 9 regulatory framework and ensure impact assessment is made and communicated to Management in a timely manner.
• Oversee all methodology and process related changes pertaining to Basel & IFRS 9 and ensure they are implemented in the system accurately and in a timely manner
• Ensure that a comprehensive impact assessment of all changes has been made prior to implementation in the system
• Provide management with portfolio insights and suggest areas for RWA optimization
• Oversee Bank’s preparation for implementation of enhancements to Basel 3 (popularly referred to as Basel 4)

• Master degree in Business Administration, Finance, Accounting or Economics
• 10+ years of experience in the similar field within the banking/ consulting environment
• Well-developed management, interpersonal, organizational, problem-solving and verbal and written communication skills
• Analytical thinking and vast experience in handling risk-related regulatory initiatives
• Excellent knowledge of risk management principles, financial analysis
• Good knowledge of Bank’s products and Business
• Intermediate IT skills including ability to understand SAS (preferable)
• Hands-on experience in leading risk projects