Head of Operational Risk & Controls Governance

First Abu Dhabi Bank (FAB); Abu Dhabi; On-site; AED 300,000 - 420,000; Full time

Job summary

First Abu Dhabi Bank (FAB) in Abu Dhabi seeks a VP of Operational Internal Control & Governance to oversee the Operational Risk Framework across Group Operations and Credit Administration. The role emphasizes improving risk assessments, internal controls, and independent operation to enhance efficiency and reduce risk exposure.

Responsibilities include developing risk strategies, designing control frameworks, and partnering with senior leaders to set risk appetite.

Qualifications

• Bachelor's degree in a relevant field.
• Extensive experience in operational risk management and control within the financial services industry.
• Strong understanding of regulatory requirements and industry best practices.
• Proven leadership with the ability to influence and collaborate at the executive level.
• Excellent written and verbal communication skills.
• Demonstrated experience managing and developing high-performing teams.
• Ability to thrive in a dynamic and fast-paced environment.

Responsibilities

• Develop, implement, and manage comprehensive operational risk management strategies to safeguard the bank’s assets and reputation.
• Lead the design and execution of effective control frameworks to ensure compliance with regulatory requirements and internal policies.
• Collaborate with senior leadership to establish risk appetite and tolerance levels, aligning with overall business objectives.
• Provide strategic direction for the development and enhancement of risk metrics and KPIs.
• Foster a risk-aware culture by promoting awareness, education, and training initiatives in Group Operations and Credit Administration.
• Conduct regular risk assessments and control evaluations to identify emerging risks and implement proactive measures.
• Drive continuous improvement initiatives in operational processes to optimize efficiency and minimize risk exposure.
• Report to the Head of OICG & APM on a regular basis regarding the state of affairs of the department, Group Operation and Credit Administration.
• Assist Head of OICG & APM in recruitments and interview process for OICG- Operational Internal Control & Governance department.
• Provides constructive and timely performance evaluations of OICG staff.
• Oversee the identification, assessment, and mitigation of operational risks across various business units and processes.
• Lead and manage a team of managers and supervisors, providing guidance, coaching, and support to drive performance and employee development.
• Manage and govern effective implementation of OICG functional policies, procedures and controls covering all areas of assigned department activity so that all relevant procedural/legislative requirements, fulfilled while delivering a quality, cost-effective service.
• Always demonstrate compliance to organisation’s values and ethics to support the establishment of a value drive culture within the bank.
• Implement robust tools / processes for identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.
• Assist in ensuring Anti money laundering, Central Bank Guidelines and other internal policies / procedures are strictly followed and any deviations are reported to levels prescribed.
• Functions within the frame work and boundaries of Group policies as well as overall organizational and governance frameworks.

Skills

Leadership

Operational risk

Regulatory compliance

Communication

Team development

Education

Bachelor's degree

Job description

First Abu Dhabi Bank (FAB) in Abu Dhabi seeks a VP of Operational Internal Control & Governance to oversee the Operational Risk Framework across Group Operations and Credit Administration. The role emphasizes improving risk assessments, internal controls, and independent operation to enhance efficiency and reduce risk exposure.

Responsibilities include developing risk strategies, designing control frameworks, and partnering with senior leaders to set risk appetite.