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Senior Operational Risk Officer

1 week ago

Dubai, Dubai, United Arab Emirates Robert Walters Full time

An excellent opportunity is available with a banking institution engaged in the provision of commercial banking products and services for an Operational Risk Senior Officer to ensure that the Bank maintains an adequate Operational risk level, thus ensuring the Bank is in full compliant with the Operational Risk framework banking laws, internal policies and procedures. Due to UAE's nationalisation initiative, this role is strictly for a UAE National.

Reporting To The Operational Risk Manager, You Will

  • Ensure implementation of the Operational risk strategy deployed at the bank
  • Embed an Operational risk culture throughout the bank
  • 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 essments (RCSA) are performed on a regular basis by units and perform due-diligence reviews
  • Ensure Operational risk incidents (Financial and Non Financial) and ociated process breakdowns are reported by business/functional units across the bank
  • Report monthly Key Risk Indicators of the concerned divisions/branches to Operational Risk Committee and senior management
  • Report to UAE Central Bank is prepared and submitted in a timely manner
  • Monitor loss data report submissions across the bank and ensure timely submission of the Operational Risk Register