Dubai Islamic Bank is seeking a proficient Assistant Manager – ICAAP to join their risk management team in Dubai, UAE. If you are looking for banking jobs and have experience with Basel II frameworks, capital planning, and regulatory risk reporting, this position offers a promising career opportunity in banking and financial services.
About Dubai Islamic Bank (DIB)
As one of the UAE’s leading Islamic financial institutions, Dubai Islamic Bank plays a pivotal role in delivering Sharia-compliant banking solutions across global markets. The bank places strong emphasis on risk governance, innovation, and regulatory compliance, providing a supportive environment for professionals aiming to excel in capital adequacy and stress testing.
Job Title: Assistant Manager – ICAAP
📍 Location: Dubai, UAE
🆔 Ref: JB1100014004
⏰ Posted: 7 June 2025 · Expires: 1 August 2025
🏢 Department: Risk Management – Capital Planning & ICAAP
Key Responsibilities
- Support implementation of Basel I, II, and III frameworks across Pillars I–III and Stress Testing
- Assist with CB-UAE regulatory reporting on Credit, Market, and Operational Risk
- Help develop, implement, and validate PD/LGD, Economic Capital, and Capital Adequacy models
- Prepare ICAAP reports for Pillars II & III per UAE Central Bank and Basel standards
- Design and execute stressed scenario analysis in ALM, and support strategic capital planning
- Coordinate with Group Internal Auditors and Central Bank examiners on capital validation exercises
Candidate Profile
- 🎓 Bachelor’s degree in Business, Statistics, Economics, Finance or related
- 📈 4–6 years of hands-on experience in Basel II/III + capital computation (Pillar I & II)
- Strong analytical, quantitative, and data modeling skills
- Proficiency in regulatory reporting and risk system design
- Excellent communication, team collaboration, and detail orientation
Why Join DIB?
- Play a key role in shaping the bank’s capital adequacy and strategic risk management
- Work in a regulatory-focused environment with strong exposure to Basel frameworks and Central Bank expectations
- Join a respected Islamic banking institution committed to diversity and professional development
Salary & Benefits
- Competitive and tax-free salary with performance-based incentives
- Comprehensive benefits package covering healthcare, professional development, and wellness
- Opportunities for growth in risk management and leadership roles
How to Apply
Apply directly via DIB’s career portal:
Ensure your CV is updated, tailored to risk and finance, and submitted with the correct job reference.
Application Tips
- Showcase experience in Basel models, ICAAP, and regulatory reporting
- Use key terms like “Pillar II capital,” “stress testing,” and “economic capital”
- Reference specific projects or scenarios where you enhanced capital frameworks or supported regulatory compliance
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