Vice President - Risk Appetite and Risk Measurement

This incumbent will be providing operational capacity for establishing and maintaining group-wide alignment of enterprise risk management standards, supporting the Executive/Board performance objectives, specifically in the preparation of Group Risk Appetite Statement, defining KPI relevant indicators and the cascading of risk appetite and tolerance measures as an integral part of an objective-centric framework. Group Risk Appetite Framework encompasses the overall approach, including policies, processes, controls, and systems through which risk appetite is established, communicated, and monitored. Group-wide risk appetite is established through an integrated financial and capital planning exercise taking into account business unit strategy and forecasts. The identification of top and emerging risks are central to aligning strategic risk objectives and further aimed at risk transparency (reporting & disclosures), risk-enabled decisions, risk governance and risk culture. The incumbent will develop and Implement risk-adjusted Key Performance Indicators aligned to strategic objectives, develop and ensure implementation of methodologies for enhanced risk measurement (incl. stress testing and scenario analysis).

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  Develop & implement a comprehensive, centralized approach to the development, continuous updating and the management of the QNB Group's Risk Appetite Framework and Methodologies.

• Ensure that there is alignment between the QNB Group Risk Appetite Framework and international best practices.

• Implement independent reviews and challenge on existing implementation of the framework, identifying areas of potential gaps and /or inadequate application and practices.

• Monitor, control and report Risk appetite utilization associated with QNB Group target appetite and tolerances, as applicable for credit, trading book as well as investment book of business.

• Develop new, and enhance existing implementations and practices. Prepare proposals for framework deployment and implementation across the group for GMRC and GBRC review and approvals, as appropriate.

• In Risk appetite framework development, assess any change implications jointly with Portfolio Management to understand potential portfolio and strategy impact emanating from methodology changes.

• Coordinate Risk appetite aspects of new product development, with the business units and with Credit.

• Ensure that the framework is aligned with internal QNB corporate governance requirements and regulatory and legal directives.

• Maintain activities in accordance with Service Level Agreements (SLAs) with internal departments/units to achieve improvements in turn-around time.

• Develop & implement Risk appetite reporting and recommendations. Assist in the implementation of the framework and provide support for relevant processes and controls at subsidiary & the consolidated group levels. Closely work with and coordinate modelling activities, with Portfolio Management.

• Provide challenge and independent validation of relevant assumptions that are used within existing or proposed Risk appetite submissions. Ensure that key assumptions have been discussed and covered via the appropriate governance process prior to implementation.

• Ensure adequate reporting framework and systems are in place in various regions to access and follow the applicable policies and procedures.

• Review jointly with Portfolio Management potential new Risk policies pertaining to the assessment of, and recommendations on credit and market Risk policies and procedures.

• Ensure, in conjunction with applicable internal audit, legal, regulatory stakeholders that Risk policies do not contravene regulatory or legal requirements.

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  Bachelor degree in accounting, finance or related field, Master's degree is a plus

• At least 12 years of experience in banking and Risk discipline or Risk management related field.

• Excellent understanding and knowledge of banking & capital market products

• Experience in managing a team of quality assurance professionals.

• Excellent oral and written communication skills in English and Arabic (preferable).

• Adequate legal and documentation background.

• Well-developed analytical and interpersonal skills.