Unit Head Conduct Risk Management

apartmentADIB - Abu Dhabi Islamic Bank placeAbu Dhabi calendar_month 

Job description / Role

Employment: Full Time

Role purpose

This is a senior management role, directly responsible for developing and leading a center of excellence for conduct risk management. This role will manage a team and requires a highly skilled, knowledgeable, proactive, and confident individual, with in-depth understanding of consumer protection regulations (CPR), conduct risk management, and overall understanding of compliance and various banking activities.

The individual should be able to establish the relations between various risk and control functions, communicate and build strong relationships across the wider business, support and various governance functions.

The incumbent should possess the ability to leverage resources and capabilities across ADIB's businesses.

Key responsibilities

The holder of this position will be mainly required to:

  • Develop policies and guidelines of the conduct risk management framework and lead their implementation throughout ADIB Group, ensuring alignment with the enterprise-wide conduct risk management strategy, including articulation of the risk profile, risk appetite, and enabling improved decision making that explicitly considers conduct risk.
  • Partner with the business and control functions to ensure the effective implementation of the conduct risk management framework by focusing on:
  • Identification, analysis, and assessment of conduct risks
  • Effective challenge, verification, and validation of key control issues and risks
  • Anticipation and mitigation of risk events
  • Independently assess key risks, challenge, and drive business action to effectively manage that risk.
  • Develop, coach, and keep staff updated to reach the required level of expertise for self-sufficiency of resources.
  • Maintain close collaboration with internal control system stakeholders to ensure efficiency and effectiveness.
  • Produce regular reporting on risk profiles.

Key accountabilities of the role

This role includes but is not limited to the following:

Strategy implementation
  • Lead the rollout of the conduct risk framework in ADIB Group.
  • Lead and guide the implementation of regulatory requirements as well as best practices of conduct risk management.
  • Lead the implementation of conduct risk analytics with insight into key risk areas.
Program management
  • Lead the implementation and sustainment of conduct risk programs and tools such as Risk & Control Self-Assessment (RCSA), Key Risk Indicators (KRIs), and risk incidents in ADIB Group.
  • Guide the development and maintenance of conduct risk policies and procedures within ADIB Group.
  • Own and maintain conduct risk standards and processes.
  • Oversee policies and standards and ensure that they are being adhered to, and escalate exceptions to senior management or relevant executive committees.
Risk identification, assessment and measurement
  • Lead the businesses in the identification of conduct risk exposures and challenge the business units' risk ratings where appropriate.
  • Lead the performance of conduct risk assessments in accordance with ADIB's framework.
  • Participate in the assessment and analysis as required by working with different stakeholders on product review, processes, outsource arrangements, key initiatives, significant loss events, etc.
  • Identify root causes of major internal losses and ensure actions are taken to reduce the risk of loss from similar causes.
Risk and control governance
  • Lead the assessment of controls' adequacy and strength across the group and recommend management action to ensure a stable risk profile.
  • Develop basis for analysis of the control environment information pertaining to ADIB Group.
  • Recommend and review regular reports on conduct risk profiles, analysis, and exposures.
  • Manage the requirements and respond to the internal audit review.
Conduct risk management center of expertise
  • Coach stakeholders with respect to conduct risk including conducting general and technical training sessions.
  • Participate in conduct risk management projects.
  • Lead the center of excellence for conduct risk practices to facilitate embedding a conduct risk management mindset in the business.
Managerial / supervisory excellence
  • Promote a strong culture of control awareness and risk mitigation in all dealings with the business.
  • Provide focus and clarity in establishing individual goals, driving performance management, and supporting career development.
  • Accept and successfully execute change while supporting employees through the process and keeping them focused on business priorities.
  • Embody ADIB Group's values in daily relations with ADIB's staff.
  • Demonstrate a collaborative work ethic and enterprise-wide mindset and leadership in the performance of duties.
Specialist skills / technical knowledge required for this role
  • In-depth knowledge of leading operational risk practices and regulatory requirements.
  • Executive-level presence and demonstrated ability to collaborate with senior management-level professionals.
  • Strong presentation and communication (verbal and written) skills.
  • Strong problem solving, analytical (including qualitative analysis), research, and quantitative skills.
  • Strong knowledge of Islamic banking products, processes, and organization.
  • Advanced computer skills (e.g., Microsoft Office Suite).

Previous experience

Bachelor's or master's degree with over 15 years of experience.

Apply Now

apartmentJobs via eFinancialCareersplaceAbu Dhabi
Job Description  •  Opportunity to join a leading company in the region  •  Must have experience in risk management & insurance in the utilities industry About Our Client Well established and highly successful organisation in Abu Dhabi, competing...
apartmentMichael PageplaceAbu Dhabi
to the group's objectives, operations, and assets. Develop and implement risk management strategies and mitigation plans in collaboration with stakeholders. Evaluate and manage insurance policies and coverage, and lead insurance workstreams for new projects...
placeAbu Dhabi
JOB PURPOSE: Provides consulting services on Enterprise risk management across the company and promotes overall awareness for ERM through the application of ERM policy, framework, and techniques to activities at the Corporate, Divisional...