
Country Risk Expert
6 days ago
This is an exciting opportunity to join Mashreq as a Country Risk Officer in Oman. The successful candidate will be responsible for managing risk across the branch, including credit, market, operational, legal, and reputational risks.
Key Responsibilities- Manage the overall Risk Management function of the bank addressing Credit, Market, Operational, Legal & Reputational risks and all other material risks.
- Devise and implement a risk management structure, compliant with central bank regulations, Mashreq requirements and international best practices.
- Establish risk committee for Oman branch In coordination/collaboration with the relevant stakeholders, ensure the Branch formalizes its Climate Risk Management framework to comply with relevant regulatory requirements.
- Formulate appropriate self-assessments and risk controls in order to monitor and mitigate material operational, market, financial and sustainability risks arising from its wholesale banking activities.
Quality of assigned loan portfolio, as measured by % of classified outstanding and hence loan loss provisions, Volume of assigned portfolio.
- Implementation of appropriate risk reporting to the Country Head, Manco and senior management.
- Early detection of warning signals to ensure timely corrective action, and hence minimize loan losses.
- Develop, document and review deals, structures, credit products/ services and provide business solutions which meets business and customer requirements within credit and operational risk guidelines and policies.
- Be vigilant about changing credit risk environment / profiles of countries / regions in general and customers / relationships in particular by developing, setting up and ensuring ongoing and periodic monitoring and reviews.
- Developing and spreading a credit culture throughout the Bank's RMs.
- Provide expertise and solutions to RMs and ARMs in developing deal / transaction structure, and advising on handling problem accounts.
- Review credit policies and procedures on a periodical basis, and recommend changes where appropriate.
Primary responsibility to monitor and measure OR and support identification and control of OR for the group.
- Define policies regarding management responsibilities, control standards and accountabilities that ensure the stability and surety of all transaction processing.
- Facilitate branch wide risk assessments and monitors priority risks accordingly.
- Reporting requirements to CBO and communication on incidents including fraud related cases/enquiries from the relevant government department.
Establish the Market Risk function for the Bank in line with HO & Local Regulatory requirements.
- Establish market risk measurement systems, in line with HO & Local Regulatory requirements.
- Monitor Market Risk on an ongoing basis.
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