Senior Manager, Internal Capital Adequacy Assessment Process (ICAAP)

Job Purpose

The role holder will be responsible for ensuring compliance with regulatory guidelines on Capital Management, ICAAP, and Stress Testing. This position includes assessing capital requirements on a quarterly basis, measuring all financial risks of the Bank, and preparing RIMC and BRIT presentations.

Key Responsibilities

• Prepare capital planning aligned with internal projections and monitor performance under baseline and stress scenarios
• Coordinate with stakeholders for implementation and reporting of Pillar II in accordance with best practices, including economic forecasting and stress testing
• Liaise with external stakeholders for Basel reporting and maintain awareness of the latest guidelines from regulators and auditors
• Coordinate with auditors, consultants, and regulators on Basel reporting matters
• Prepare reports for senior management detailing capital ratios and other risk areas according to internal reporting requirements
• Monitor capital risk limits against internal and regulatory limits
• Communicate and engage with Finance Department, IT, Risk Management Department, and other stakeholders to streamline data processing and reporting for internal and regulatory requirements
• Develop and perform scenarios and stress tests for capital and provision management at group level
• Develop understanding of Islamic products and regulations
• Develop models required for executing ICAAP and stress testing
• Review team performance and deliverables in line with approved KPIs to ensure objectives are met
• Ensure compliance with approved policies, procedures, SLAs, and regulatory requirements to maintain quality standards and mitigate risk
• Execute all assigned tasks and projects within approved departmental policies, procedures, and SLAs

Job Specification

• Bachelor's Degree in BCom Finance, Accounting, or Actuarial Science