Lead Risk MGT Specialist (Portfolio) Islamic Development Bank

Portfolio Risk Management and Reporting:

Lead the preparation of Bank-wide Risk Report covering risk governance, assessment of credit, market and operational risks, and other relevant reports especially analysis, recommendations, write-up, and presentation to the Risk Management Committee of the Bank and Finance and Risk Management Committee of BED on quarterly basis. Formulate Bank-wide risk appetite framework (RAF) and ensure RAF is cascaded down to Bank s day-to-day business via Target Market and Risk Acceptance Criteria (TM/RAC). Develop, review, and maintain IFRS 9 Expected Credit Loss (ECL) methodologies and models. Act as a subject matter expert on Bank s process / methodology for determining the level of impairment and provisions based on IFRS9 for the Bank-wide portfolio. Review, update and maintain the Bank-wide Exposure Management Framework covering financing operations, treasury and investment activities. Develop, review, and maintain an Economic Capital Adequacy Framework and Model and its related guidelines. Review, update, and maintain models for determining Probability of Default (PD), Loss-Given-Default (LGD), Exposure-at-Default (EAD), correlations, etc. Develop and maintain Bank-wide risk adjusted return on capital (RAROC) framework and analytics. Develop and implement a stress-testing framework for the Bank s economic capital adequacy model that enables proactive assessment of the potential impacts of changing market and financial conditions on financial sustainability in the short, medium and longer term and its impact on the credit rating of the Bank. Lead the submission of portfolio data for internal and external processing, e.g. submission to credit data pooling consortium of MDBs and International FIs on a periodic basis. Review and monitor the risk profile of sovereign and non-sovereign operations financing portfolio, including asset credit quality and concentration levels, to ensure that risk profile is within the established limits. Review and provide feedback on new policies and guidelines drafted by the Finance Complex and Operations-related complexes, particularly relating to credit risk. Provide expert level support for usability and maintenance of Enterprise Risk Management (ERM) system, tools and framework. Collaborate with the IMDT for the development of information systems that produce reports required for its independent risk reporting to President and BED Committees. Coordinate with concerned Departments on all matters relating to ratings of IsDB or instruments for IsDB and along with other Divisions of Risk Management Department including sukuk issuances and providing risk management input for annual reports. Lead in supporting and contributing the process of Bank s external rating assessments including preparation and collation of the rating file for each external rating agency. Provide expert level support to the Management and relevant units on high level portfolio risks and reporting.

Operational Excellence:

Ensure effective implementation and adherence to respective risk management policies, procedures, and controls so that all relevant procedural / regulatory requirements are fulfilled. Keep abreast of the latest developments, regulations and best practices in the field and propose any necessary actions. Propose and implement process improvements to increase efficiency, effectiveness, and compliance of the related operations. Prepare work plans and budget for the portfolio risk and reporting function and monitors actual expenditure against the approved budget.

People Management:

Provide motivational and inspirational leadership to the team members. Coach, mentor, develop and provide regular feedback to the team members on the results at a division level, promptly addressing areas of improvement. Support filling in key capability gaps of the team through capacity development and recruiting efforts. Act as a role model to communicate to the team members on issues related to the Bank's values and leadership competencies.