Al-Arafah Islami Bank PLC
Al-Arafah Islami Bank PLC
Al-Arafah Islami Bank PLC
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Summary
- Vacancy: 1
- Location: Dhaka
- Minimum Salary: Negotiable
- Experience: At least 12 years
- Published: 24 Oct 2024
Requirements
Education
- Post-Graduation in Commerce / MBA /BBA from any UGC approved local or reputable foreign universities.
- However, someone having experience as Head of Credit Risk Management (HoCRM) or suitable candidates, even from other disciplines, may also apply;
Experience
- At least 12 years
- The applicants should have experience in the following business area(s):
Banks
Additional Requirements
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At least 12-15 years of experience in Credit Risk management or Risk Management Division, compliance, or related fields within the financial services industry;
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Significant experience in a senior leadership role, preferably within a large financial institution;
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Strong understanding of investment profile and investment risk management principles;
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Proven ability to lead and mentor cross-functional teams.
Knowledge:
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Investment Risk Management;
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Islamic Risk and compliance management;
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Islamic Regulatory Framework of the country;
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Experience in policy development and Institutional Risk structuring.
Interpersonal Skills:
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Excellent Communication and leadership skills;
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Strong self-motivation and drive;
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Planning and organizing;
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Adapting and responding to change.
Responsibilities & Context
The Head of Investment Risk Management Division (HoIRMD) will be responsible for overseeing and managing the bank’s entire investment/Credit risk portfolio. The HoIRMD ensures that all credit proposals from business units are thoroughly reviewed, analyzed, and summarized before submission to the top management. This role involves leadership in developing, implementing, and maintaining risk policies and procedures to protect the bank from credit risk, while balancing the need for business growth. The HoIRMD leads a team that prepares credit assessments and provides recommendations on lending decisions.
Key Responsibilities:
1. Credit Proposal Review and Approval:
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Lead the review, analysis, and approval of all credit proposals submitted by business units before they are presented to the Senior Management/Board of Directors;
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Recheck and verify the accuracy of financial models, client assessments, and the overall risk profile of the proposed transactions;
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Summarize key findings and recommendations for the board in a clear and concise manner, ensuring that all risks and mitigants are highlighted.
2. Risk Policy and Framework Development:
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Develop and implement the bank’s credit risk management policies, procedures, and frameworks, ensuring compliance with regulatory requirements and industry best practices;
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Ensure that credit risk policies support business growth while maintaining a robust risk management culture;
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Regularly update the credit risk management framework to adapt to changing market conditions and emerging risks.
3. Credit Portfolio Monitoring:·
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Oversee the monitoring of the bank’s credit portfolio to ensure that loans and exposures are performing within acceptable risk parameters;
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Implement risk mitigation strategies and early warning systems to identify and address potential problem loans.
4. Team Leadership and Development:
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Lead, mentor, and manage a team of credit analysts and risk officers, ensuring they are equipped to perform thorough credit assessments;
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Provide training and development opportunities to ensure the team stays updated on credit risk management best practices and regulatory changes.
5. Risk Reporting and Communication:
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Prepare detailed credit risk reports for senior management and the Board of Directors, highlighting the current risk profile, emerging risks, and any areas of concern;
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Communicate credit risk management updates and decisions to relevant stakeholders, including senior executives, board members, and regulatory bodies.
6. Collaboration with Business Units:
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Work closely with the business units (corporate, SME, retail banking) to assess credit applications, ensuring they align with the bank’s risk profile and long-term goals;
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Collaborate with business units & Other departments to develop strategies that balance risk management with business development.
7. Regulatory Compliance and Audits:
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Ensure that all credit decisions comply with internal policies, regulatory requirements, and external audit standards, acting as the primary point of contact;
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Respond to regulatory inquiries and ensure timely implementation of any corrective actions or recommendations.
Skills & Expertise
Compliance Management
Credit Risk Management
Islamic Banking
Workplace
Work at office
Employment Status
Full Time
Job Location
Dhaka