Head of Portfolio Analytics

Job Purpose

The jobholder needs to continuously review the Bank’s portfolio in context of the business strategy, risk appetite, sector limits, concentrations, relationship plans and regulatory limits. Manage the development and delivery of Portfolio Analytics capability to build and deploy leading IFRS 9, RAROC, and Portfolio Analytics functionality, and maintain regulatory compliance in relation to IFRS 9 framework.

Principle Accountabilities

• Implement & maintain tools, data, methodologies required as part of the process for recognition and measurement of expected credit loss allowances, required under IFRS9 standards.
• Prepare monthly IFRS 9 numbers for IFRS 9 Provisioning Committee.
• Address all action points (CBUAE, Internal Audit, External Audit, etc.) related to IFRS 9/RAROC.
• Be instrumental in ensuring the adequacy of budgeting for impairment through maintenance of appropriate methodologies under IFRS9 and contribute to related reporting and disclosures.
• To develop reports and management information to enable committees and senior management to make informed portfolio capital allocation decisions in context of business strategy, risk strategy and regulatory limits.
• The initial building of the reporting suite will require utilizing existing resources spanning the 1st and 2nd LoD; including pipeline reports, account planning information, annual renewal schedules, customer risk-adjusted profitability reports, IFRS 9 ECL data sets, collateral reports, credit trends (i.e. sector performance / customer leverage / cost of credit analysis / credit rating trends / concentration, Risk Appetite), loan amortization schedules, and other regulatory & risk reports. And relevant external market information i.e. government spending plans, central bank reports and economic outlooks.
• Develop feasible RWA mitigation and risk reduction strategies seeking to improving overall returns whilst meeting portfolio composition targets.
• Contribute to the cost-of-credit risk reviews – partnering with Finance, Credit, and the Business i.e. IFRS 9 ECL, RAROC.
• Development of RAROC and other risk-based pricing tools for 1st LoD to manage pricing and portfolio diversification objectives.

Experience and Qualifications

• 13 + years’ experience working in Financial / Risk roles, with a good understating of wholesale banking activities.
• Experience in capital allocation in context of portfolio and / or balance sheet management.
• Understanding / experience of wholesale credit risk processes and booking systems.
• Understanding of accounting principles, i.e. fair valuation, and IFRS 9 provisioning and specific loan loss provisions.
• Degree in either finance, accountancy, banking studies, mathematics, quantitative methods, IT, business.
• Professional Qualification (preferred): accountancy & finance / CFA / MBA.

Skills

• Strong data handling and data science skills – ability to apply a range of quantitative techniques and be able to surface key information for decision makers.
• Software: strong Excel, BI tools, statistical and data visualization.
• Excellent report and presentation skills utilizing financial and non-financial information.
• Planning and organizing skills across multiple stakeholders.