Company Description
Reem Finance PJSC, based in Abu Dhabi and licensed by the Central Bank of the UAE, specializes in providing customized financing solutions for businesses. With a focus on supporting private entities across various sectors, the company aims to facilitate business growth and expand trade capacity. Reem Finance sets itself apart by offering rapid drawdowns and tailored financing structures not commonly available through traditional banks. Backed by reputable partners, the company is committed to excellence in service delivery and strives to become a leader in specialized and short-term financing solutions, contributing to the UAE's economic growth.
Role Description
The Enterprise Risk personnel will support the Head of Risk in the development, implementation, and oversight of the Enterprise Risk Management framework, including ICAAP, stress testing, IFRS 9 support, RAROC modelling, FTP oversight, and regulatory compliance.
The role ensures that material risks are identified, quantified, monitored, and reported in line with CBUAE regulations and the institution's risk appetite.
Job Duties and Responsibilities
ICAAP & Capital Management
- Develop and maintain ICAAP models for all material risks (credit, market, liquidity, operational, and PII risk).
- Calculate internal capital requirements and capital charge for each risk type.
- Support annual ICAAP preparation and Board submission.
- Maintain documentation of methodologies, assumptions, and model limitations.
- Coordinate model validation and enhancement exercises.
Stress Testing & Recovery Planning
- Design and execute enterprise-wide stress testing scenarios (baseline, adverse, severe).
- Quantify impact on capital adequacy, liquidity, and profitability.
- Develop and maintain Recovery Plan with defined capital and liquidity triggers.
IFRS 9 Support
- Assist in ECL model parameter estimation (PD, LGD, EAD).
- Review staging criteria and macroeconomic overlays.
- Support quarterly ECL reporting and documentation.
- Coordinate with Finance and external auditors on model-related matters.
Enterprise Risk Management (ERM)
- Identify and assess material risks across the organization.
- Maintain enterprise risk register and model inventory.
- Prepare and update comprehensive ERM framework aligned with regulatory requirements.
Risk Reporting & Governance
- Prepare Board Risk Committee decks and management risk reports.
- Monitor risk appetite metrics and Key Risk Indicators (KRIs).
- Ensure timely, accurate, and comprehensive risk reporting.
- Support regulatory reporting and supervisory inspections.
RAROC & Risk-Adjusted Performance
- Develop and maintain RAROC framework.
- Provide quarterly return-on-capital assessments.
- Support pricing and business strategy decisions from a risk-return perspective.
Strategic & Ad-hoc Support
- Support the Head of Risk in strategic initiatives.
- Assist in regulatory inspections and internal audits.
- Conduct new product risk assessments.
- Provide analytical support for management decision-making.
Required Qualifications and Education
- Bachelor's degree in Finance, Risk Management, Economics, Mathematics, or related field.
- Professional certifications preferred (FRM, PRM, CFA, or progress toward certification).
- 5–10 years of experience in risk management within a bank or financial institution.
- Strong exposure to:
ICAAP and capital management
Stress testing and scenario modelling
IFRS 9 ECL frameworks
RAROC and FTP concepts
- Familiarity with CBUAE regulations and governance standards.
