SEVP - Traded & Treasury Credit Risk.CM Corporate Credit.Credit Management

Role Overview

Senior Executive Vice President, Traded & Treasury Credit Risk, CM Corporate Credit, Credit Management at Mashreq.

Role Purpose

Lead the development, evaluation, and implementation of Traded and Treasury Credit Risk frameworks, policies, and governance standards across all geographies where the Bank operates. Manage the end-to-end credit lifecycle for Counterparty Credit Risk exposures arising from Treasury, Markets, and Trading activities through independent assessment and approval of complex market-linked credit facilities and counterparty exposures including derivatives, securities financing transactions, structured funding arrangements, and interbank placements.

Key Responsibilities

Strategic Direction

• Translate the Bank's Risk and Treasury/Global Markets strategy into a comprehensive Traded and Treasury Credit Risk framework aligned with balance sheet optimization, market risk appetite, and counterparty exposure limits across all operating geographies.
• Drive the strategic direction of the Counterparty Credit Risk portfolio arising from Treasury placements, derivatives trading, securities financing transactions, and structured funding activities.
• Enable sustainable business growth by supporting appropriately structured counterparty credit limits and collateralized trading arrangements tailored to evolving market dynamics and liquidity requirements.
• Provide strategic oversight on jurisdiction-specific counterparty exposures ensuring alignment with portfolio diversification objectives, settlement risk thresholds, and concentration limits across financial institutions and sovereign counterparties.
• Lead and support Traded and Treasury Credit Risk initiatives including exposure monitoring enhancements, limit frameworks, collateral optimization methodologies, and policy digitization programs.
• Drive continuous improvement in counterparty assessment methodologies, limit utilization monitoring tools, stress testing frameworks, and market-driven exposure evaluation techniques.

Credit Policy & Governance

• Formulate, maintain, and seek approval for Traded and Treasury Credit Risk Policies and Programs to facilitate business growth while ensuring effective management of counterparty and settlement risks across jurisdictions.
• Actively collaborate with Global Markets and Treasury teams in the preparation, review, and modification of counterparty credit policies based on evolving financial market dynamics, macroeconomic developments, counterparty performance trends, and emerging product-specific and jurisdictional risks.
• Participate in internal working groups for periodic review and enhancement of CCR policies, margining standards, collateral eligibility criteria, and documentation frameworks including ISDA, CSA, GMRA, and GMSLA.
• Ensure Traded Credit Manuals and jurisdiction-specific exposure underwriting standards are periodically reviewed and updated in line with regulatory developments such as Basel III CCR guidelines and internal exposure performance indicators.

Portfolio Oversight & Risk Management

• Establish accountability for the overall quality, performance, and sustainability of the Traded and Treasury Counterparty Credit Risk portfolio across all approved counterparties.
• Ensure maintenance of portfolio quality as measured by exposure-at-default, potential future exposure, limit utilization, and mark-to-market volatility, thereby minimizing adverse impact on capital consumption and profitability.
• Minimize adverse migration of counterparty risk ratings through proactive exposure surveillance and timely intervention.
• Implement and enhance early warning detection frameworks to proactively identify emerging counterparty credit risks and ensure timely corrective action including collateral calls or exposure reductions.
• Monitor adherence to approved risk appetite across counterparty and group level limits, product-level exposure limits, country risk exposures, and settlement and pre-settlement risk thresholds.
• Ensure robust exposure monitoring through periodic portfolio reviews, stress testing and scenario analysis, counterparty risk rating migration tracking, limit breach monitoring, and remedial action planning.

Credit Underwriting Governance

• Provide oversight on underwriting standards and credit decisioning across all Treasury and Global Markets counterparties.
• Evaluate and approve complex counterparty credit proposals including derivatives limits, settlement limits, securities financing transactions, structured funding arrangements, and clearing exposures within delegated credit authority.
• Ensure high quality of counterparty credit assessments to minimize percentage of proposals returned or rejected by Credit Committees.
• Maintain targeted turnaround time for limit approvals and credit processing in line with approved service level agreements for trading counterparties.
• Monitor volume of counterparty credit proposals processed to ensure adequate support to trading and treasury activities without compromising risk governance standards.

Credit Advisory & Structuring

• Partner with Global Markets and Treasury teams to structure optimal credit and collateral arrangements for trading counterparties in line with the Bank's risk appetite, product governance standards, and country-specific regulatory requirements.
• Provide credit advisory on transaction structuring including margining frameworks, netting enforceability, collateral eligibility, wrong-way risk considerations, settlement risk, and legal documentation across jurisdictions.
• Partner with Treasury Dealers, Trading Desks, and Relationship Teams to structure optimal credit and collateral solutions aligned to market requirements.
• Resolve complex credit structuring challenges through collaboration with Treasury and Global Markets teams.

Business Engagement & Stakeholder Management

• Accompany Treasury and Markets teams on counterparty due diligence discussions where necessary to maintain awareness of prevailing market conditions and emerging financial sector risks.
• Act as the key interface between Treasury, Global Markets, Market Risk, Credit Administration, Legal, Compliance, Finance, and Operations teams for implementation of counterparty credit solutions.
• Represent Credit Management in treasury-related transactions, exposure reviews, and regulatory interactions where required.
• Ensure seamless coordination across stakeholders for effective execution, collateral management, and ongoing monitoring of traded and treasury credit exposures.

Committee & Governance Participation

• Attend Credit Committee meetings as a regular member and provide counterparty-specific credit insights to facilitate informed decision making on trading exposures.
• Ensure proposals submitted for approval meet internal underwriting, legal documentation, and governance standards for traded credit exposures.
• Contribute to discussions on portfolio performance, emerging market risks, wrong-way risk considerations, and exposure mitigation strategies.

Risk Assessment & Decision-Making

• Exercise independent judgement in evaluating complex counterparty credit exposures arising from derivatives, securities financing transactions, structured funding arrangements, and interbank placements across multiple jurisdictions.
• Assess and approve trading counterparty limits and treasury exposures by analyzing financial strength, market risk sensitivities, collateral arrangements, legal enforceability of netting agreements, and settlement risk considerations.
• Interpret evolving financial market developments including interest rate volatility, FX fluctuations, liquidity conditions, and sovereign risk dynamics to determine potential impact on counterparty creditworthiness and exposure profiles.
• Identify emerging risks such as wrong-way risk, concentration risk, cross-border enforceability challenges, and collateral shortfall risks and implement timely mitigation strategies including exposure reduction, margin enhancements, or limit restructuring.
• Apply advanced analytical techniques including stress testing, scenario analysis, and potential future exposure modeling to evaluate resilience of traded credit exposures under adverse market conditions.
• Lead the end-to-end credit lifecycle for Traded and Treasury Credit Risk exposures including derivatives, FX, repo, reverse repo, securities lending and borrowing, structured funding trades, and interbank limits across assigned geographies.
• Oversee portfolio-level risks arising from counterparty concentrations, product exposures, market volatility, and cross-border legal enforceability considerations, and guide appropriate exposure mitigation strategies.

Training & Culture Development

• Assist in the development of in-house training curriculum and on-the-job programs aimed at strengthening institutional understanding of Counterparty Credit Risk and traded exposures.
• Support capability development initiatives to enhance product-specific credit risk assessment competencies across Treasury and Credit Risk teams.
• Promote strong risk discipline and adherence to approved traded credit policies across all relevant stakeholder groups.

Qualifications & Experience

• Multi-product and cross-jurisdictional expertise to evaluate and manage credit exposures across banks, financial institutions, sovereigns, corporates, CCPs, and non-bank financial counterparties.
• Ability to ensure robust enterprise-wide risk governance, effective exposure monitoring, and seamless stakeholder management across Business, Market Risk, Finance, Legal, Compliance, Operations, and Regulatory bodies in line with the Bank's risk appetite and applicable regulatory requirements.

Skills & Competencies

• Complex counterparty credit risk assessment and approval authority.
• Expertise in derivatives, FX, repo, reverse repo, securities lending and borrowing, and structured funding.
• Advanced knowledge of collateral management, margining frameworks, and netting enforceability.
• Proficiency with legal documentation standards including ISDA, CSA, GMRA, and GMSLA.
• Strong analytical capabilities including stress testing, scenario analysis, and potential future exposure modeling.
• Knowledge of regulatory frameworks including Basel III CCR guidelines.
• Expertise in wrong-way risk, concentration risk, and settlement risk identification and mitigation.
• Market awareness and ability to interpret financial market developments.
• Full details are available on the employer's original posting.