Senior Operational Risk Analyst United Arab Emirates Posted on 12/26/2022 Trending

3 weeks ago


united arab emirates Abu Dhabi Islamic Bank PJSC Full time
Role:  Senior Operational Risk Analyst
Location :  ADIB HQ
Role Purpose:

This is a risk management role, directly responsible for developing a center of excellence for Operational Risk Management (ORM) and will work with ORM champions to implement the ORM Framework and foster the culture of strong controls. The role requires a proactive and confident individual, with experience in Risk and banking activities, who can communicate and build strong relationships across the wider business. The holder of this position will be mainly asked to:

  • Monitor the execution and implementation of Operational & Fraud Risk Framework and Governance throughout ADIB Group, ensuring alignment with the enterprise-wide Risk Management strategy, including articulation of the operational risk profile and risk appetite, and enabling improved decision-making that explicitly considers operational risk.
  • Monitor the adequacy and strength of the control environment throughout ADIB Departments and recommend management action to ensure the operational risk profile supports the achievement of business objectives and follow-up for implementation
   Key Accountabilities of the role     
  • Program Management:
  • Support the implementation and maintenance of ORM program and tools such as Risk & Control Self-Assessment (RCSA), Key Risk Indicators (KRIs), Issues & Actions Management, etc.
  • Monitor the implementation of ORM policies, programs and tools within ADIB Group
  • Risk Identification, Assessment and Measurement:
  • Support and guide the businesses in the identification of key operational & Fraud risk exposures within ADIB Group
  • Support and guide the businesses in and facilitate the performance of operational risk identification and assessment in accordance with ADIB’s Operational Risk Management Framework.
  • Coordinate, perform and support the assessment and analysis as required by working with different stakeholders on Product Risk Review, problematic processes, outsource arrangements, key initiatives, significant loss events, etc
  • Coordinate with risk stakeholders to identify fraud, information security , business continuity risks for inclusion in the overall risk profiles as part of an ERM approach
  • Risk and Control Governance:
  • Coordinate, perform and support the assessment of controls’ adequacy and strength in ADIB Group, and recommends management action to ensure a stable risk profile.
  • Analysis and monitoring of control environment information pertaining to ADIB Group.
  • Collect and analyze data for regular reports on operational risk profiles, analysis, and exposures on a regular basis.
  • Key Indicators Management:
  • Assist the Business Units in identifying and scoring their Key Indicators
  • Ensure proper escalation of breaching indicators is done to the BUs, BRCC and CCC, whenever appropriate.
  • Operational Risk Management Center of Expertise:
  • Provide guidance and support to ORM stakeholders with respect to operational risk tools, systems
  • Support in reviewing Policies & Procedures, business initiatives received from business units.
  • Governance:
  • Support in the preparation of the management and board Committee’s presentations
  • Ensure proper documentation and follow up on all actions and decisions raised during the Committees
  • Ensure proper escalation of Risk Acceptances, Critical Issues and other ORM-related aspects based on the defined escalation triggered.
  • Maintenance & update of the relevant committees’ charters.
  • Perform an annual self-assessment on the CCC&SC to ensure all inputs / feedback received from the members are tackled and taken into consideration.
Specialist Skills / Technical Knowledge Required for this role:
  • Working knowledge of leading operational risk practices and regulatory requirements.
  • Demonstrate ability to collaborate with coworkers and Senior Management-level professionals
  • Strong presentation and communication (verbal and written) skills.
  • Strong problem solving, analytical (including qualitative analysis), research, and quantitative skills.
  • Strong knowledge of Islamic Banking’s products, processes and organization.
  • Excellent Computer skills (e.g. Microsoft Office Suite)
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