Manager, Operational Risk – Risk Management

Job Details

Job Purpose:

Conduct Operational Risk Management activities over Corporate Credit Lifecycle, Operations, Branch functions and support functions; Strengthen the overall controls framework; Review & Compliance with Policies / Procedures.

Core Responsibilities:

Credit Operational Risk: 

  • Review credit facilities through the credit cycle within established timelines and methodology
  • Prepare review reports; Process gap reports; account specific concerns

Operational Risk

  • Review incidents
  • Conduct process gap analysis
  • Prepare and Update RCSA & KRI, Action Plans & Updates
  • Update Operational Risk Report with incidents / reports / updates / losses along with details including root cause, SOP deviation, resolution, responsible department and other requirements of the report; Reconcile Ops loss numbers with FCD
  • Updates to RCSA based on Incident’s report / losses; Completion of Year End RCSA activity – RSCA & action plan updates
  • Update Ops Var report with Op’s risk report and Audit reports.
  • Prepare packs for committees as per cut-off dates.
  • Preparation of committee reports and packs – as per cut-off dates for each
  • Review of Outsourced Contracts in line with CB UAE regulations

Market Conduct / CPF

  • Review and Update Policies and Procedures
  • Update the Risk appetite statement along with variance analysis and other relevant updates
  • Prepare reports for submission to the Board
  • Ongoing monitoring of outsourced service providers Monitor complaints data along with turn- around time and quality of resolution; Further, review complaints for any operation risk gaps and related resolution / policy / procedure update
  • Review KRIs & Update the RCSA
  • Conduct On-going monitoring including co-ordination with respective functions

Policies and Procedures: Draft, update, review, policies and procedures of the unit; Review SOPs across all Functions

Carry out duties of Secretary to Management Risk Committee, Provision Committee

Education

  • Bachelors in Commerce, Finance, Banking, Risk Management, Internal Audit
  • Trainings in Operational Risk Management

Experience & Skills

  • A minimum of 5- 7 years of experience in operational risk management / Internal audit role
  • Experience in Operational Risk including credit operational risk, risk assessments, RCSA methodologies and implementation, CPF / Market conduct