Country Risk Specialist

7 hours ago


Muscat, Muscat, Oman Mashreq Full time
Job Purpose

The Country Risk Officer-Oman is responsible for managing the overall risk management function of Mashreq Bank's Oman branch, addressing credit, market, operational, legal & reputational risks and all other material risks. This includes devising and implementing a risk management structure compliant with central bank regulations, Mashreq requirements, and international best practices.

This role also serves as the focal point of coordination for Environmental, Social, and Governance (ESG) related matters for the Oman branch, facilitating the central ESG team for associated regulatory submissions and disclosures.

Main Responsibilities
  • Risk Management Framework: Develop and execute on the Branch's overall risk management policy and strategy. Establish a risk committee for the Oman branch and ensure it formalizes its Climate Risk Management framework to comply with relevant regulatory requirements.
  • Wholesale Credit Risk: Quality of assigned loan portfolio, measured by classified outstanding loans and loan loss provisions. Implement risk reporting to the Country Head, MANCO, and senior management. Early detection of warning signals to minimize loan losses.
  • Operational Risk: Primary responsibility to monitor and measure Operational Risk (OR) and support identification and control of OR for the group. Define policies regarding management responsibilities, control standards, and accountabilities that ensure stability and surety of all transaction processing.
  • Market Risk: Establish the Market Risk function for Mashreq in line with HO & Local Regulatory requirements. Monitor Market Risk on an ongoing basis.
Key Result Areas
  • Develop and implement effective risk management policies, procedures, and processes compliant with relevant regulatory guidelines and internal group requirements.
  • Establish a robust risk management framework to identify, assess, and mitigate material operational, market, financial, and sustainability risks.
  • Monitor key risks diligently and initiate appropriate action to contain those risks.


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