Global Head of Risk Strategy – Governance

Role Overview

• The main purpose of the role is to lead the definition and implementation of a comprehensive Risk Strategy and Governance Framework across Mashreq Bank (MB) and assist the Group CRO in execution of effective risk governance.
• Responsible for managing all Country Risk Officers in Mashreq Bank’s Branches.
• Find solutions to differing, potentially conflicting, strategic views and inputs on matters pertaining to risk management and direction of the department.
• Interpret and provide guidance on central bank regulations and pronouncements.
• Provide guidance to specialized risk functions and international locations in maintaining relevant risk governance.
• Owner of risk policies like Group Risk Management Framework (GRMF), International Risk Management Framework, Strategic Risk Management Framework, Policy of Risk Policy Management, etc.
• Provide strategic inputs to the LF MBO reports and RISE metrics.
• Be responsible to lead the AI governance and AI use cases adoption from RMG.

Requirements

• Undergraduate degree in Finance, Risk, Economics or other related field
• 15+ years of progressive, multi-discipline risk management experience within banking sector
• Deep understanding of risk management concepts and methodologies gained through development and practical application of risk policy/frameworks
• Demonstrated capability to apply risk management concepts, analysis and support to strategic decision-making processes
• Demonstrable people and managerial leadership experience in a matrixed and multi-jurisdictional organization; ability to lead direct and cross functional teams
• Outstanding interpersonal and influencing skills; Posses gravitas, personal credibility and ability to influence stakeholders at all levels, particularly senior colleagues.
• Good negotiator to resolve conflicts and ensure clear progress is made.

Benefits

• Guide and manage a team of professionals of varying backgrounds and across multiple locations; ensure staff development and high levels of staff engagement.
• Guide and manage all Country Risk Officers across Mashreq Bank’s International Branches
• Provide managerial leadership to progress to completion projects and activities in alignment with Risk Management and Mashreq Bank’s objectives
• Responsible for overseeing all regulatory compliance for home and host country regulators within RMG and providing Assurance and regular update to RMG including:
• Responsible for Compliance of New and Existing CBUAE regulations, standards and guidance across RMG..
• Provide assurance updates for CBUAE and other regulators on a regular basis and monitor compliance against them.
• Support the definition of and effective execution of risk governance within Mashreq Bank, including;
• Acting as the secretary and main point of contract for Group Risk Committee;
• Supporting the operations of Board Risk Compliance & ESG Committee; and
• Continuing to facilitate the definition of a consistent risk governance framework across all Mashreq Bank locations.
• Act as Secretary for the Group Risk Committee (GRC). GRC is a sub-committee of the BRCESGC. It functions as a management committee, for day-to-day management of risks in line with the approved risk framework and within the Group’s risk appetite. The committee will be responsible to formulate a bank wide approach to risk management and to communicate the approach across the Bank.
• monitor that the Bank operates within the established Risk Governance framework, Risk Appetite and Risk limits.
• oversee implementation of sound risk management policies, effective procedures and robust systems across the bank (including international branches).