12 Oct
Asterix Communications
Al Sharjah
Job Purpose
Assistant Manager, Capital Risk will be responsible for day-to-day activities pertaining to risk aspects of capital management and regulatory reporting thereby supporting the Risk Management Department and the firm to anticipate and assess risks that may impact the firm's capital position and to stay on top of changes in regulatory capital.
Principal Accountabilities
- Interpret and provide guidance on Basel capital rules.
- Implement, calculate and analyze Pillar 1 RWA (Credit Risk, Market Risk and Operational Risk).
- Support forecasting and allocation of capital for end-to-end capital control.
- Maintain adequate data / systems required for efficient computation and forecasting of Pillar 1 RWA and Capital Adequacy.
- Manage ongoing capital strategies.
- Prepare ICAAP / stress testing reports meeting regulatory expectations.
- Liaise with internal stakeholders to ensure sufficient coverage of all business areas and risk controls in the ICAAP.
- Prepare Pillar III disclosures as per regulatory requirements.
- Ensure consistency of Pillar III disclosures with Balance Sheet and Pillar I reporting.
- Ensure data adequacy and quality required for carrying out stress testing exercises.
- Maintain effective business relationships with all relevant internal and external stakeholders government authorities, regulator, other financial institutions, rating agencies, etc.
with the highest standards of ethics, promptly attending to all critical issues ensuring services are delivered in the most effective manner.
- Participate in change management through continuous improvement of functional systems, processes and practices in line with global standards and changes in business environment by following a proactive approach.
- Ensure all related functional and regulatory reports are prepared accurately and in a timely fashion meeting all internal policy and quality standards as well as regulatory requirements and expectations.
Qualifications & Experience
- Professional Degree with experience in Banking domain for 7+ years.
- Professional certification in CFA, FRM is preferred.
- Minimum five years of relevant experience in the banking sector with at least three years in similar discipline showcasing increasing managerial responsibilities.
- Desirable to have seven years of relevant experience in the banking sector.