AVP, Enterprise & Credit Risk – UK

JOB PURPOSE:

The successful candidate represents the second line of defense (2LoD) for FAB UK and is responsible for assisting the UK CRO in the robust independent identification, assessment and monitoring of Enterprise Risk Management (\”ERM\”) & Credit Risk Management (\”CRM\”) as it applies to FAB UK branch.

A good understanding of enterprise risk management principals, and experience of how they apply in the UK banking and finance regulatory environment, would be useful to perform this role. A strong ERM function is an important component that drives integrated risk awareness and culture and ensures a robust and forward-looking risk environment.

In doing this, he/she will work closely with the Group risk management units to ensure the Group methodologies, policies, procedures and limit frameworks are established and suitable for the FAB UK. Additionally, he/she will build, produce and update the risk report suite to ensure consistency and compliance with the bank\’s risk appetite.

Key Accountabilities:

Strategy Development and Implementation

• Assist the UK CRO in the formulation, implementation and delivery of the FAB UK\’s risk strategy in line with the vision, mission, values and priorities of Group and UK ExCo.
• Maintain, execute and continuously improve FAB UK\’s risk management strategy, frameworks, limits, and tolerances to assess and mitigate the risk exposures, and to ensure the region operates within its pre-defined risk appetite, aligned to the Group\’s risk & business strategy.
• Assist in development and implementation of risk monitoring, models and control systems and processes in partnership with Group risk and business heads to support risk-based decision making.

Policies, Systems, Processes & Procedures

• Coordinate with Group Risk to ensure that the UK policies, procedures, models, processes, mitigation factors and action plans are in alignment with the Group risk mitigation and monitoring strategies. Provide Group with regular formalised updates.
• Assist in development and effective implementation of ERM and CRM policies, procedures and controls so that all relevant procedural/regulatory requirements are fulfilled.
• Oversee timely and accurate updates of risk documents on local governance share point. From a functional perspective key accountabilities will include the following (as applicable): Enterprise Risk Management
• Support the CRO to maintain and continuously improve the following ERM documents:
• Risk Management Framework
• Risk Appetite Framework
• Risk Appetite Statement
• Prepare all necessary reports related to ERM for the submission to local regulators, UK ExCo and Group Credit Risk
• Review and opine on Credit risk policies & procedures across all products that are relevant for FAB UK.
• Monitor the UK Credit Risk portfolio for early detection of deterioration, stress, and portfolio limit management to assure compliance with the Risk Management (RMF) and Risk Appetite (RAF) frameworks.
• Monitor the Credit Exposure for FAB UK and assess if it is within the Country, Industry and portfolio limit set.
• Classify NPL & PDNI as per regulatory guidelines and work with Group Risk to calculate the provisioning requirements as per the regulatory guidelines and IFRS 9 requirements. Prepare the monthly NPL schedule, PDNI Schedule and annual forecast as per the Group reporting framework
• Be prepared to produce, with the support of the UK Credit team, ad hoc research memos on the Credit Risk in the portfolio and impact on portfolio due to macro-economic events or factors.

Reporting

• Ensure that all functional reporting requirements are prepared timely and accurately and meet local & Group requirements, policies and quality standards
• Coordination and preparation of the London Branch Risk Committee pack, including minutes.
• Coordination and preparation of the London ExCo Risk Memo.
• Coordination and preparation of any Group Risk related Risk Memos.
• Lead thematic reviews on areas such as concentrations risk, reputational risk, or culture as required.

Job Context

Enterprise Risk Management

Coordination, review, assessment, monitoring, escalation and reporting:

• Risk Appetite framework and metrics.
• Risk Management Framework.
• Work with stakeholders to ensure adequate Assurance testing.

Credit Risk Management

Review, assess, and report on (in coordination with the UK Finance and Credit teams):

• Counterparty Ratings
• Credit limit utilization and excesses
• Past or anticipated changes in provisions
• Any changes needed to be made in specific provisions (i.e. IFRS9 staging)
• Portfolio quality (cost of risk)
• NPL and delinquency ratios
• Concentrations (Rating, Industry, Country)

Relationship Management

Key stakeholders in FAB UK, FAB International and Group:

• Head of UK Credit and the Credit team, HO international Risk team.
• UK CFO & UK Finance team, UK CCO & Compliance team, UK COO & First Line Head of Controls (1LoD)

Qualifications & Experience:

Minimum Qualification

• Bachelor\’s degree in finance or related discipline.

Minimum Experience

• 5 years\’ relevant experience in the banking sector with at least 3 years in similar positions of progressively increasing responsibilities.
• Direct CRM experience preferred with knowledge of IFRS staging and PD/ECL methodology.

Skills

• Strong analytical and quantitative skills, ability to interpret risk data and develop actionable insights.
• Excellent written and verbal communication; capable of producing clear, concise risk reports for senior audiences.