Unit Head - Conduct Risk Management

Role: Unit Head - Conduct Risk Management

Location: Abu Dhabi UAE

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 consumer protection regulations (CPR) conduct risk management and overall understanding of compliance and various banking activities and who can establish the relations between various risk & 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 ADIBs businesses.

The holder of this position will be mainly required to:

• Develop policies guidelines of 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 updated staff to reach the required level of expertise for self-sufficiency of resources
• Keep close collaboration with the 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 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) Risk Incidents in ADIB Group.
• Guide the development and maintenance of conduct risk policies and procedures within ADIB Group.
• Own and maintain conduct risk their standards and processes.
• Oversee policies and standards and ensure that they are being adhered to and exceptions are escalated 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 rating where appropriate.
• Lead the performance of conduct risk assessments in accordance with ADIBs 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 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 mind-set 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 supporting career development.
• Accept and successfully execute change while supporting employees through the process and keeping them focused on business priorities.

Managerial / Supervisory Excellence:

• Embody ADIB Groups values in daily relation with ADIBs staff.
• Demonstrate a collaborative work ethic and enterprise-wide mind-set and leadership in the performance of duties.
• Promote a strong culture of control awareness / risk mitigation in all dealings with business.

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 Bankings products processes and organization
• Advanced Computer skills (e.g. Microsoft Office Suite)

Previous experience:

• Bachelors or Masters degree with over 15 years of experience.