Risk manager - Retail banking

About Acies

Acies is multi-national firm in the business of consulting, technology applications, content management, and strategic investments. The firm has and continues to partner with leading players in the financial services and technology ecosystem with the objective of achieving tangible positive outcomes by solving complex challenges using new age technologies and practices. The firm also enters into strategic alliances through investments and partnerships with leading and upcoming global technology players that seek to address infrastructural complexities in the financial and technology marketplace through the use of new-age technologies and approaches.

Acies is headquartered in Mumbai, India and has offices in Singapore and Malaysia and is expanding its global presence in other countries in the Asia Pacific, Middle East, and Africa.

The firm is seeking to engage highly motivated and talented people to support our growth and continue to deliver a positive impact to our clients and ecosystem. We are looking for people whose integrity and excellence can help propel the firm to greater heights.

The firm provides exceptional and equal opportunity for all applicants and employees without regard to race, religion, creed, color, national origin, gender, sexual orientation, age, marital status, physical or mental disability. We believe that our people should share in the success of our clients and our business.

For more information about the firm and its business, please visit www.acies.holdings

ACIES, Acies Consulting, Acies TechWorks, Acies Ventures, Acies LightHouse, Kepler, Kore, and Antares are registered trademarks of Acies Consulting LLP and its subsidiaries in India and/ or other countries.

Risk manager - Retail banking portfolio of the Bank (Six-Month Contract - Onsite at Kuwait)

Six months’ initial contract with possibility of extension / full time conversion based on organization’s needs. Position is on site at Kuwait for one of Acies's clients.

Position Summary

Developing, implementing, and monitoring credit policies for consumer products (loans, credit cards). Responsibilities include analyzing portfolios to mitigate risks, utilizing IFRS9 models, overseeing collections, and ensuring compliance with Central Bank of Kuwait regulations.

Principal Duties and Responsibilities

• Policy Development: Review and establish retail credit policies, procedures, and risk strategies to align with bank goals and regulatory requirements.
• Risk Analytics & Modelling: Develop, validate, and manage retail IFRS9 models for credit risk, including portfolio monitoring and stress testing.
• Portfolio Management: Analyze consumer banking portfolios (mortgages, personal loans, cards) to identify trends, potential risks, and areas for mitigation.
• Collections Strategy: Create and optimize, collections strategies to improve recovery rates, utilizing appropriate systems and staff resources.
• Compliance & Reporting: Ensure all activities adhere to regulatory guidelines and internal risk policies; prepare reports for management.

Required Qualifications / Skills

• Education: Bachelor’s or Master’s degree in Finance, Risk Management, Economics, or related fields.
• Experience: Proven experience in retail risk management, preferably within the GCC banking sector.
• Technical Skills: Strong analytical skills, proficiency in SAS or SQL for data analysis, and familiarity with IFRS 9.
• Regulatory Knowledge: Deep understanding of risk frameworks and regulations, particularly those set by the Central Bank of Kuwait.
• Communication: Excellent English communication skills; Arabic is often preferred

Preferred Experience

• Minimum of six (4) to eight (6) years of demonstrable, hands-on experience as a Risk manager for the Retail banking segments of Middle Eastern banks / Banks in Kuwait
• Strong knowledge of Retail Risk Credit Policies & Procedures with experience in the implementation and monitoring of the effectiveness of the policy
• Strong process orientation and should contribute to the improvement of retail risk process efficiency
• Strong understanding of portfolio level risk analytics
• Ability to provide a coherent risk view to the senior management
• Strong statistical & modelling skills
• Ability to understand the implications of modelling assumptions
• Strong analytical skills, communication skills, knowledge of retail banking principles, knowledge of Basel and credit systems

Job Types: Full-time, Contract
Contract length: 6 months

Pay: KD7,000.000 - KD10,000.000 per year

Ability to commute/relocate:

• Kuwait City: Reliably commute or planning to relocate before starting work (Required)

Experience:

• Retail banking risk mgmt.: 4 years (Required)

Language:

• English (Required)

Location:

• Kuwait City (Preferred)