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.

Liaise with internal, external auditors as well as Regulators pertaining to review and closure of observations pertaining to the above areas. Provide trainings to internal stakeholders to ensure efficient capital utilisation across Group as well as Guidance to International teams for their local submissions.

• Oversee group-wide fulfilment of Basel III Pillar II related regulatory requirements pertaining to ICAAP reporting and Stress testing requirements
  • Coordination 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. Management and 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 the internal and regulatory audit observations as well as work towards identification of opportunities for continuous improvement basis 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

• Fulfilment of FSU Stress testing requirements on an annual basis
  • Liaison with CBUAE for relevant queries and approvals required to perform the exercise
  • Coordination with all stakeholders regarding FSU Stress testing inputs
• Preparation of FSU Stress testing assessment report at FAB Group level as per the CBUAE approved framework within regulatory timelines
• Addressal of the 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

• 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 basis best practices

• 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 etc. and (iii) 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 Stress testing SOP and ICAAP SOP

• Review the ICAAP / Stress testing submissions of international branches / subsidiaries and approving the same from a risk and methodology perspective
• Review the RRP framework of international branches / subsidiaries and approving the same from a risk and methodology perspective
• Provide technical expertise / guide the branches in the development of reports to satisfy local regulatory…