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Senior Expert International Risk and Country Risk - Amsterdam
ABN AMRO Bank
October 3, 2018
At a glance ABN AMRO is an international bank with an ambition to generate a growing share of its income outside The Netherlands. Consequently, the bank is expanding its international presence and its international exposure. At the same time ABN AMRO's objective is to run a moderate risk profile which means that existing and new international activities need to take place in an adequate controlled environment. It is exactly these controls we ask you to develop and assess if they are adhered to. International Risk has the task of developing a strong embedded risk management culture in the countries ABN AMRO operates and to promote risk awareness, reflecting the 3 Lines of Defense principle, the moderate risk profile of the bank and "Integrated Risk Management". The vacancy is in the International Risk Office (IRO) which is hierarchically responsible for the Local Chief Risk Officers ("LCRO's") in the countries where ABN AMRO has a presence and has an oversight on the structure and resourcing of the risk teams in the countries. IRO is the point of contact for the LCRO's and the international business units in-country; IRO creates and secures one integrated view of all international (risk) activities and has deep knowledge and expertise regarding the most important international business lines. It has a coordinating and facilitating role towards the countries with respect to risk related matters and projects, including the projects initialized by Risk at head office. Country Risk manages and controls ABN AMRO's exposure to country risk; where country risk is defined as exposure to a (potential) loss in cross border lending as a result of sovereign default; social, economic or political factors; or any other events including natural disaster. The management of country risks is achieved through: (i) setting appetite for individual countries and, where necessary, regions; (ii) subsequent monitoring of country risks (in conjunction with Group Economics ) (iii) ongoing monitoring and control of country risk exposures on a portfolio basis and (where required) on a transactional basis. The time spend on International Risk versus Country Risk will depend on circumstances but the main focus will be on International Risk.
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Your job Result areas for International RiskAlignment head office/countriesMaintains oversight of key strategic issues and risk related topics relevant for the countries and business units and focus projects and activities within the international risk network.Risk monitoring and risk appetite processCoordinates the yearly risk appetite process for the countries. Responsible for risk monitoring / surveillance as an essential process vs risk appetite.Reporting and adviseResponsible for portfolio monitoring, risk surveillance and reporting based on country reports and structured conference calls with business lines counterparts and LCROs.Stakeholder managementPursues stakeholder management across functions, countries, business, risk and other relevant counterparts. Result areas for Country Risk Country Risk Governance and Control Sets policy and appetite for country risk and develops control mechanisms.Country Limit Approval Leads and manages a full country review process by region of the bank's credit risk portfolio.Country Limit Allocation Allocation of approved limits into client facilities and ad hoc transactions where a country risk advice is required on exceptional basis.Portfolio Management Supports country risk portfolio exposure analysis for senior management and other internal stakeholders and selected external stakeholders.Stakeholder Management, Networking, and Knowledge Transfer Supports transparency and visibility of the country risk competence.
Your working environment Risk Management has, as a 2nd Line of Defense, an important task: guarding, monitoring and controlling the risks of the bank. On the one hand this is realized by safeguarding compliancy with risk management law and regulations. On the other hand by ensuring the bank is "in control" of its moderate risk profile. Most important principle is that the business lines are being enabled in making decisions and choices at the clients best interest with acknowledgement of the full risk taxonomy.Within Risk Management, The International Risk Office (IRO) is end-responsible for client investment risk, country risk and maintaining a solid international risk management infrastructure, abroad as well as at head office, in tandem with the international growth aspirations of the bank. To achieve this, there are 3 sub teams in the International Risk Office with distinct expertise:- International Risk- Country Risk- Client Investment RiskThe team comprises of 10 FTE in Amsterdam in the sub teams, as well as 13 LCROs (and 200+ risk management FTE) in the international network.
Your profile Do you think you are a fit? Check your profile:- University degree in Economics, Econometrics, Business Administration, Statistics, Mathematics or related field or equivalent level of knowledge and at least 8 years of relevant working experience.- The candidate should have sufficient seniority, voice and independence to have a meaningful impact on decision making.- Prior experience in international risk, country risk or international lending business is a requirement.- Thorough understanding of risk management and performance management methodologies, i.e., credit analysis, modeling, risk-adjusted performance management, economic capital, statistics, policies, Basel II regulation and regulatory capital requirements, as well as other legal and compliance requirements.- An excellent command of English, and good writing skills are required.- International experience in working abroad and in cooperating with the AA international network is a pré.- Additional certification like FRM, PRM, CFA is highly desirable.
Internal Number: 4629931
About ABN AMRO Bank
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