Business Risk Officer ( UAE National )

Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services.

CBD has been recognized as the number one bank in the UAE on the Forbes list of The World’s Best Banks 2022.

As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people – your colleagues and our customers – and delivering service that really goes the extra mile.

Job Purpose     

To ensure appropriate strategies are in place for PBG entity customers with regulatory, compliance and operational framework of the bank. This includes on-boarding of new Business Banking customers followed by portfolio data governance and management of BAF (credit) portfolio with  applicable process/system controls.

Principle Accountabilities

Manage the customer on-boarding process and ensure new customer on-boarding is as per Central Bank guidelines and banks internal processes.

Approving low/medium risk accounts and coordinating with compliance team for high-risk accounts for Business Banking

Conduct regular SME/BAF portfolio reviews to identify risk areas and implement risk mitigation strategies.

Monitor the conduct of new on-boarded business banking customers and as well as existing portfolio to identify / pro-actively remedy accounts with suspicious transactions / business conduct.

Conduct Due Diligence on identified accounts NTB/BAF to prevent their deterioration at an early stage.

Conduct random reviews of the liability portfolio under the PBG umbrella by mean of EDDs, and provide the feedback to senior management, to maintain quality book.

Address the AML/RFI queries related to the PBG Entity accounts.

Collaborate with other business units to ensure compliance with regulatory requirements i.e. FATCA/CRS reporting to Regulatory compliance for entity clients.

Create MIS reports and presentations to communicate risk assessment results to senior management and stakeholders.

Develop and implement risk management plans to mitigate identified risks.

Monitor and evaluate the effectiveness of risk management strategies.

Escalation to management any of the accounts meeting the Early Warning Indicators defaulting in BAF products, change in payment behavior.

Establish effective & professional communication to ensure turnaround time within designated parameters.

Stay up to date with relevant laws and regulations and ensure our business operations are compliant.

Manage vendors performing customer site visits, documents verifications.

Education and Experience         

Degree in accounting, finance, Economics, or business management.

Professional certifications such as Certified Risk Management Professional (CRMP) are a plus

At least 5-7 years of experience in risk management, with a strong focus on identifying, evaluating, and mitigating risks