Position Details:
- Entity: Commercial Islamic Bank of Iraq (CIBIQ)
- Job Title: Head of Corporate Banking
- Location: Baghdad, Iraq
Role Responsibilities:
- Oversee and direct the day-to-day operations of the Corporate Finance Division, including corporate, commercial, and real estate lending, trade finance, and bond investment activities, and assume full accountability to the Executive Director of Banking Business and the Deputy Executive Director.
- Develop and implement business development and marketing strategies, including the identification of target markets and products that are aligned with the Bank’s risk appetite and profitability objectives.
- Exercise the authorities delegated by Senior Management and ensure the appropriate delegation of authority within the Division to facilitate effective decision-making, deliver exceptional service standards, and maintain robust internal controls.
- Prepare and agree upon annual budgets, business targets, and strategic business plans with the Executive Director and Deputy Executive Director, and manage performance through continuous monitoring, evaluation, and review.
- Submit periodic recommendations to Executive Management regarding proposed amendments to policies, procedures, and human capital requirements.
- Manage the Bank’s assets and liabilities by establishing appropriate pricing and risk parameters to maximize profitability in accordance with the Bank’s strategic directives and prevailing market conditions.
- Evaluate, monitor, and control the Division’s operating cost structure and capital expenditure requirements.
- Ensure effective communication and coordination within the Division and across other departments throughout the Bank.
- Manage and allocate resources efficiently to maximize business opportunities and operational effectiveness.
- Ensure full compliance with all applicable legal, regulatory, and supervisory requirements.
- Participate directly in risk approval processes, including business, market, position, counterparty, and other related risk exposures.
- Develop and submit recommendations concerning liquidity management policies to the Executive Asset and Liability Committee (ALCO), implement appropriate systems and controls to ensure adherence to such policies, and secure adequate funding lines to support asset growth.
- Review credit policies and provide recommendations to Executive Management and the Board of Directors regarding proposed enhancements and strategic improvements.
- Exercise direct oversight of non-performing and distressed accounts in coordination with the Special Assets Recovery Unit.
- Achieve or exceed approved targets relating to net profit before tax and return on capital, with particular emphasis on fee-generating business activities.
- Represent the Bank at external meetings, conferences, industry forums, and committee engagements.
- Review internal and external reports and ensure their accuracy, completeness, and timely submission.
- Ensure strict adherence by the Division to Anti-Money Laundering (AML), Know Your Customer (KYC), and regulatory compliance requirements.
- Lead, manage, develop, and mentor team members to ensure high levels of performance, capability, and professional growth.
- Manage client relationships and ensure the highest standards of customer satisfaction and service excellence.
Required Qualification, Certifications & Experience:
- A recognized professional qualification, preferably MBA, ACA, ACCA, or CPA.
- A minimum of ten (10) years of regional banking experience, including at least five (5) years in a comparable senior leadership role.
- Sound knowledge of International Financial Reporting Standards (IFRS) and AAOIFI standards.
- Advanced expertise in the accounting treatment of Sharia-compliant banking products and services, including treasury-related activities.
- Strong understanding of capital adequacy requirements and developments relating to Basel II and related regulatory frameworks.
