Operational Risk Officer- Emirati Talent

Job Purpose:

To ensure that the Bank maintains an adequate Operational risk level, thus ensuring the Bank is in full compliance with the Operational Risk framework banking laws, internal policies, procedures & regulations.

Tasks and Responsibilities:

• Ensure implementation of the Operational risk strategy deployed at the bank.
• Embed an Operational risk culture throughout the bank to promote transparency and accountability for inherent risk and controls.
• Promote best practices for control with the Business and Support Units.
• Identify, manage, strengthen, and alert management on all identified key risks and controls.
• Ensure Risk and Control Self Assessments (RCSA) are performed on a regular basis by units and perform due-diligence reviews.
• Ensure Operational risk incidents (Financial and Non-Financial) and associated process breakdowns are reported by business/functional units across the bank.
• Monitor loss data report submissions across the bank and ensure timely submission of the Operational Risk Register.
• Review policies and procedures received from business units and recommend changes from an operational risk perspective.
• Work closely with internal audit, compliance, and other key control functions of the bank for integrated control reviews.
• Document action plans and report on issue status from RCSA and Audits.
• Serve as an internal risk consultant to the operating functions and business lines.
• Update and maintain the Operational risk management systems, models, procedures, and tools.
• Facilitate understanding of Operational Risk by users across the bank and enhance the risk culture
• Develop and ensure operational risk rating scale is within the bank's set operational risk capital charge.
• Conduct bank wide operational risk trainings and workshops as and when required.
• Build and maintain strong relationships with business management, support heads and other areas of risk management.
• Prepare meaningful MIS and dashboards from available data.
• Set action plans for the implementation of tasks through clear set target dates.
• Take on ad hoc Operational Risk activities deputed by senior management as and whenever.

Education Level Required:

Completion of a Bachelor's / Master's degree in Finance/ Economic/ Business Management / Statistic from a college or university of recognized standing with major course work in risk management.

Experience: 1 to 3 years of Banking Experience.

Specialist Skills Required for the Job:

• Analytical –Excellent Analytical skills and attention to Details.
• Project Management - Develops project plans; Coordinates projects; Communicates changes and progress; Completes projects on time and budget; Manages project team activities.
• Communications Skills - Strong verbal and written communication skills.
• Teamwork - Balances team and individual responsibilities; Exhibits objectivity and openness to others' views; Gives and welcomes feedback; Contributes to building a positive team spirit; Puts success of team above own interests; Supports everyone's efforts to succeed.
• Planning/Organizing and Control - Prioritizes and plans work activities; Uses time efficiently.