VP, ICAAP Reporting

JOB PURPOSE

Candidate to play a key role in the risk management function and overall capital management process at FAB by leading the ICAAP, Internal & Regulatory Stress Testing exercises, Recovery and Resolution plan framework both at Group level and International locations and regulatory reporting pertaining to the same and institutionalize a robust capital management framework across the group ensuring the identification and management of related capital and portfolio risks to maintain financial strength and flexibility in compliance to internal and external policies, procedures and regulations.

• Group-wide ICAAP & Internal Stress Testing Framework – Oversee group-wide fulfilment of Basel III Pillar II related regulatory requirements pertaining to ICAAP reporting and Stress testing requirements.
• Coordinate with all stakeholders regarding ICAAP inputs.
• Preparation of the FAB Group ICAAP with relevant disclosures and Pillar II risk quantification.
• Review of Stress testing projections under multiple macro‑economic & idiosyncratic scenarios and management of reverse stress test scenarios to be incorporated as required.
• Internal assessment of Pillar I capital charge using advanced approaches for Credit & Market Risk.
• Capital planning projections in liaison with relevant stakeholders.
• Communication & approval of the HO ICAAP from relevant stakeholders and submission of the finalized report to CBUAE as per regulatory timelines.
• Enhancement of ICAAP reporting by addressing internal and regulatory audit observations as well as work towards identification of opportunities for continuous improvement based on best practices.
• Institutionalization of Pillar II ICAAP and associated stress testing process.
• Review of internal Pillar II & Stress testing assessments at FAB Group level as per the approved framework on a quarterly basis.
• Development of common ICAAP & Stress testing methodology across the FAB group subject to regulatory differences.
• Models ownership and lifecycle management pertaining to Pillar II Stress testing & Capital forecasting models.
• Review of International ICAAP reports, RRP exercises and Stress testing calculations.
• Regulatory Stress Testing Framework – Fulfilment of FSU Stress testing requirements on an annual basis.
• Liaison with CBUAE for relevant queries and approvals required to perform the exercise.
• Preparation of FSU Stress testing assessment report at FAB Group level as per the CBUAE approved framework within regulatory timelines.
• Addressal of review comments received as well as any additional requirements as per CBUAE guidelines.
• Liaise with consultants for the independent validation of the stress testing exercise.
• Presentation of the Stress testing and Validation results to Senior Management.
• Approval of the Stress testing report from authorized signatories for submission to the CBUAE.
• Recovery & Resolution Planning – Development of Recovery & Resolution planning RRP framework for FAB Group as per CBUAE International guidelines.
• Annual review and update of the RRP framework as per group organization structure applicability and regulatory guidelines.
• Communication with all relevant stakeholders regarding their roles and responsibilities as per the approved framework.
• Presentation of the RRP framework results to Senior Management.
• Approval from GRC & BRESGC for the RRP framework at the FAB group level.
• Enhancement of RRP by addressing the internal and regulatory audit observations as well as work towards identification of opportunities for continuous improvement based on best practices.
• Policies and Procedures Framework – Development & implementation of policy framework for capital management for FAB Group comprising of ICAAP policy & Pillar II & Stress testing methodology.
• Review of related risk policies including Capital Management policy, Risk Appetite policy, CIB and PB Credit policy, Market risk policy and Operational policies and product programs viz Wholesale banking credit policy & Consumer banking product programs etc. across the Group.
• Development & implementation of procedures framework for capital management for FAB Group comprising of Credit Concentration SOP, Credit…