Assistant Manager New Initiatives and Third-Party Risk Oversight (Al Hilal)

Abu Dhabi Commercial Bank; Abu Dhabi; Hybrid; AED 120,000 - 200,000; Full time

Job summary

A leading bank in the UAE is seeking an Operational Risk Management professional to enhance governance and ensure optimal risk management across new initiatives and third-party assessments. The ideal candidate has 5+ years in operational risk within banking, possesses a Bachelor's degree, and excels in analytical and communication skills. This position offers a competitive salary and comprehensive benefits including remote work options.

Benefits

Competitive salary

Comprehensive benefits package

Flexible working options

Learning and development opportunities

Qualifications

• At least 5 years of experience in Operational Risk or Control Management, 3 years in a Banking institution.
• Strong experience with Operational risk & Third party risk oversight.
• Excellent verbal, writing, and presentation skills.

Responsibilities

• Support implementation and governance of New Initiatives and risk policies.
• Review New Initiatives and Third Party Risk assessments.
• Manage Operational Risk Management System and process trackers.

Skills

Operational risk oversight

Analytical skills

Interpersonal skills

Negotiation skills

Communication skills

Education

Bachelor’s Degree in Finance, Accounting, Economics or Business Administration

Tools

Microsoft Excel

Microsoft PowerPoint

Microsoft Visio

Job description

About the business area - Group Risk Management

ADCB prioritises a disciplined approach to risk, recognising its fundamental importance to the Bank’s long-term organisational and financial resilience. Group Risk Management oversees the implementation of ADCB's risk objectives, identifying and addressing gaps in the bank's risk infrastructure/framework. Their responsibilities include nurturing the independence of the risk function, establishing provisioning policies, and introducing changes to energise risk awareness among front office personnel and decision-makers. Continuously tuning the risk organisation in line with market best practices, they manage ADCB's portfolio and associated risks to international standards, while establishing a clear risk culture across all areas of operation.

In this role, your key responsibilities include

• To support in the implementation and governance of ADCB’s enterprise-wide New Initiatives, Outsourcing, Third Party Risk Assessment methodologies and policies to ensure operational risks are managed in line with the Bank’s strategy and risk appetite
• Support the implementation of the New Initiatives Risk Assessment methodology and policies whilst ensuring the proper and effective implementation of same to ensure optimal risk management, governance and reporting on an enterprise level
• Support the implementation of the outsourcing assessment methodology and policies whilst ensuring the proper and effective implementation of same to ensure optimal risk management and governance on an enterprise level
• Support the TPRA methodology and policies whilst ensuring the proper and effective implementation of same to ensure optimal risk management and governance on an enterprise level
• Support and review New Initiatives and Third Party Risk and control assessments across ADCB and ensure escalation, tracking and remediation of defective controls in order to maintain a robust control framework
• Support and review all new products and processes, outsourcing arrangements and third parties, in line with the respective policies, in order to assess the operational risks associated with each and recommend remedial action
• Provide ongoing support and guidance to Departmental Heads, Managers, stakeholders and Risk and Control Champions in order to assist them with the interpretation and implementation of policy and governance
• Manage and check all New Initiatives on Operational Risk Management System (ORMS) as well as Outsourcing and Third party risk trackers for review and governance over periodic assessment and re-assessment of existing risks
• Support team or other staff within Operational Risk Management (ORM) where required, in carrying out the Operational Risk (OR) responsibilities to ensure knowledge transfer and effective use of resources
• Monitor output of various tracking tools and the ORM System in order to input into monthly and quarterly reporting requirements
• Assist in preparing the packs for Operational Risk Working Group, Board Risk Committee and Risk Management Committee, Outsourcing Working Group, and Risk and Control Champions Meeting to ensure accuracy of data presented

The ideal candidate should have the following experience

• At least 5 years of experience in Operational Risk or Control and Management, of which at least 3 years of experience was gained in a Banking institution
• Bachelor’s Degree in Finance, Accounting, Economics or Business Administration
• Strong Experience with Operational risk & Third party risk oversight
• Analytical skills and strong interpersonal skills
• Negotiation and communication skills
• Excellent verbal, writing and presentation skills with the ability to interact with senior stakeholders at all levels
• Able to relay complex technical concept to non-technical audience
• Advanced knowledge in Microsoft Office (Excel, PowerPoint, Visio) and other related tools

What we offer:

• Competitive Salary & Additionally, all employees are eligible to participate in one of our rewarding variable pay plans.
• Comprehensive Benefits Package: This includes market-leading medical insurance, group life and personal accident insurance, paid leave and leave airfare, employee preferential rates on loans and finance facilities, staff discounts and offers, and children education assistance (for certain job levels).
• Flexible and Remote Working Options: We understand the importance of work-life balance and offer flexible working arrangements, subject to eligibility and job requirements.
• Learning and Development Opportunities: We value and facilitate continuous learning and personal development through a variety of exciting learning opportunities, such as structured instructor-led courses, a comprehensive e-learning catalog, on-the-job training, and professional development programs.

At ADCB, we are dedicated to creating a respectful, caring and disciplined work environment that aligns with your career ambitions.