Manager- Operational Risk and Control (Emiratized Role)

First Abu Dhabi Bank FAB; Abu Dhabi; On-site; AED 120,000 - 200,000; Full time

Job summary

Join the largest bank in the UAE as a Manager in Operational Risk and Control. You will be crucial in ensuring compliance with regulations, conducting risk assessments, and enhancing operational efficiency. This role offers a dynamic work environment where your expertise in risk management can greatly impact the organization’s success.

Qualifications

• 3-5 years of relevant banking experience, including managerial risk management roles.
• Understanding of regulatory requirements and industry best practices.

Responsibilities

• Conduct risk assessments to monitor operational risks.
• Manage incident reporting and resolutions.
• Support continuous improvement initiatives across operations.

Skills

Communication

Risk Management

Regulatory Compliance

Education

Bachelor's degree in finance or related discipline

Job description

To drive improvements in the departments under OICG's scope by strengthening operational health through Operational Risk Assessments, Internal Controls, and Operational Reviews. Continuously strive to enhance operational efficiency and support the effective management of operational risk.

KEY ACCOUNTABILITIES:

Policies & Procedures: Follow all relevant departmental policies, processes, standard operating procedures, and instructions to ensure work is carried out in a controlled and consistent manner.

Demonstrate compliance with the organization’s values and ethics to support the establishment of a value-driven culture within the bank.

Continuous Improvement: Contribute to identifying opportunities for continuous improvement and sustainability of systems, processes, and practices, considering global standards, productivity improvement, and cost reduction.

Reporting: Assist in preparing timely and accurate statements and reports to meet department requirements, policies, and quality standards.

Risk Assessments: Independently carry out risk assessments to monitor and control residual risks, following the Group Operational Risk Management (GORM) policies at Group Operations (GOPS), Credit Administration (CAD), and International Operations.

Incident Management: Manage all incidents in the Archer system, from control failures to mitigation, including determining incident ownership and logging incidents.

KRI / RCSA / Action Plans: Follow up and track timelines for all phases of RCSAs, from risk identification to action planning, including KRI monitoring.

Issue Remediation: Support assigned functional units within OICG scope to remediate issues.

Periodic Reviews: Implement robust tools and processes to identify and mitigate operational risks, supporting internal reviews and tracking open issues for closure. Conduct independent operational reviews to assist functional units and group operations on operational risks.

AML & Regulatory Compliance: Ensure compliance with AML, Central Bank (CB UAE) guidelines, and internal policies, reporting any deviations as required.

Initiatives: Support proactive initiatives undertaken by OICG and external initiatives, developing exception reports to enhance internal control and operational reviews.

Desired Candidate Profile:

Qualifications:

• Bachelor's degree in finance or related discipline.
• 3-5 years of relevant banking experience, including at least 3 years in managerial risk management roles.
• Understanding of regulatory requirements and industry best practices related to operational risk.
• Excellent communication skills, both written and verbal.
• Professional certifications in operational risk management or related fields are highly desirable.
• Ability to influence and collaborate at the executive level.
• Ability to thrive in a dynamic, fast-paced environment.

Company Industry:

• Banking
• Broking

Department / Functional Area:

• Data Entry
• Operations
• Back Office Processing

Keywords:

• Manager - Operational Risk And Control (Emiratized Role)

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Company Description:

Join the UAE's largest bank and one of the world's safest financial institutions. We focus on creating value for employees, customers, shareholders, and communities through differentiation, agility, and innovation. We seek top talent—your success is our success. Accelerate your career and help us achieve our goals in an exciting, dynamic industry.