Director - Financial Services Risk Management (FSRM) in Dubayy [Dubai], United Arab Emirates

at Ernst & Young

Industry
Financial Services
Specialization
Financial Services
Minimum Qualification
Bachelor's Degree
Required Experience
10 - 15 years
Employment Type
Full Time
Gender
Male or Female

Job Description

As an FSRM Director, you'll display a very high level of competency in business development and technical knowledge, as well as a good understanding of internal operations. You'll also have strong client delivery and engagement management experience. Being a trusted advisor, you'll be able to identify and develop client and market growth opportunities, and use your subject matter knowledge you'll bring real insight to client issues.

As a valued leader, you'll direct high-performing teams across Ernst & Young. You'll create learning opportunities for others, and as a role model for quality and risk management, you'll confirm that all client work is delivered to a high standard in accordance with Ernst & Young guidelines.

Responsibilities

Client responsibilities

► Lead FSRM engagements

► Plan, prepare and review deliverables including written reports, presentations and discussions with clients, Ernst & Young teams and other parties

► Communicate significant issues, fees, and estimates-to-complete to clients

► Leverage client relationships to drive new business opportunities

► Understand our full service offerings and actively identify opportunities to better serve clients.

► Build strong internal relationships within Advisory Services and across other service lines

► Act as a leader of the business and a role model for staff

► Develop your personal profile in the marketplace

► Develop awareness of our offerings in the marketplace

► Build strong, long-term relationships with key client sponsors

► Manage delivery of risk on client engagements

► Manage all financial aspects of client engagements

► Act as an ambassador for Ernst & Young in the market and with clients

People responsibilities

► Develop people through effectively supervising, coaching, and mentoring all levels of staff

► Conduct performance reviews and contribute to performance feedback for all levels of staff

► Drive people initiatives, including recruiting, retaining and training FSRM professionals

► Contribute to an educational program to continually develop interpersonal and technical skills of staff

► Understand and follow workplace policies and procedures and communicate these to all levels of staff

Requirements

Technical skills requirements

Credit Risk

► Strong academic background including a Bachelor's degree in Finance, Economics, Accounting, Engineering or a related discipline

► Ten years of related work experience

► Relevant experience in banking/capital markets at a commercial bank with a well-developed credit risk management infrastructure; or comparable experience working as an advisor to a financial services company

► Strong analytical and problem-solving skills

► Demonstrated knowledge of credit and/or market risk measurement and management

► Experience at a regulatory or rating agency of credit risk management, risk rating systems, regulatory capital, and/or capital markets

► Broad consulting and project management skills

► Effective written and oral communication skills

► Ability to discuss the following with counterparts at financial institutions: credit risk management, risk-adjusted performance measures, economic capital topics and current practices

Liquidity Risk

► Strong academic background including a Bachelor's degree in Finance, Economics, Accounting, Engineering or a related field

► Ten years of related work experience

► Relevant experience in banking/capital markets at a commercial bank with a well-developed credit risk management infrastructure; or comparable experience working as an advisor to a financial services company

► Experience in treasury and capital markets risk management practices, processes and products

► Knowledge of a broad range of treasury instruments and the complex financial products used to manage risk (including all short- and medium-term money market instruments, foreign exchange and interest rate derivatives)

► Strong mathematical and problem-solving skills

► Ability to present complex information in a clear and concise manner

► Strong communication and relationship-building skills

► Functional knowledge related to asset-liability management, interest rate risk, funding and liquidity risk, behavioral modeling, stress testing and scenario analysis, maturity mismatch, prepayment option modeling, sedimentation modeling, etc.

► Understanding of leading practices in treasury governance, processes, procedures and internal control environment

► Leadership skills

► Proven project management skills

► Strong written and verbal communication skills for report writing, client presentations and project management

Market Risk

► Strong academic background including a Bachelor's degree in Finance, Economics, Accounting, Engineering or a related field

► Ten years of related work experience

► Relevant experience in banking/capital markets at a commercial bank with a well-developed credit risk management infrastructure; or comparable experience working as an advisor to a financial services company

► Strong written and verbal communication skills

► Teamwork and leadership skills

► Problem solving and solution development skills

► Project management experience preferred

Regulatory Compliance/Anti Money Laundering/Bank

► Strong academic background, including a Bachelor's degree in Finance, Economics, Accounting, Engineering or a related field

► Ten years of related work experience

► Relevant experience with a government and/or banking agency

► Knowledge of accounting, regulatory reporting and/or regulatory reporting software packages, as well as bank compliance practices

► Experience in the design, development and implementation of internal controls for financial services business processes

► Strong written and verbal communication skills for report writing and client presentations

► Analytical skills; specifically, the ability to assess and deconstruct financial services industry processes, utilizing a risk and control focus

► Effective leadership, project management and teamwork skills

► Prior experience in consulting preferred

Quantitative Advisory Services (QAS)

► Strong academic background including a Bachelor's degree in Finance, Computational Finance, Mathematics, Engineering, Statistics or Physics

► Ten years of related work experience

► Knowledge of statistical and numerical techniques and the principles of the theory of probability and stochastic calculus

► Understanding of C++/Visual Basic/Excel routines and analytical programming requirements

► Experience of working in a financial product engineering/research and development environment, designing and developing quantitative methods and services for capital market products

► Knowledge of capital markets products, methodologies and financial analytics, including an understanding of the key concepts of derivative instrument pricing and risk measurement

► A desire to develop and integrate quantitative skills within a required scope of designing and implementing business services

► Strong written and verbal communication skills

► Proficiency in Arabic language skills are highly desirable

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