Officer - Operational Risk

Commercial Bank International; Sharjah; On-site; AED 60,000 - 90,000; Full time

Job summary

A leading financial institution based in Sharjah is seeking a professional to manage Operational Risk. The successful candidate will ensure compliance with the Operational Risk framework and promote a risk-aware culture throughout the bank. Qualifications include a Bachelor's or Master's degree in a relevant field and 0-3 years of experience in the banking sector. Strong analytical, verbal, and written communication skills are essential for succeeding in this role. Comprehensive training and support will be provided.

Qualifications

• 0 to 3 years relevant experience in the banking sector.
• Excellent analytical skills with strong attention to detail.
• Demonstrates strong verbal and written communication skills.

Responsibilities

• Ensure implementation of the Operational risk strategy.
• Embed an Operational risk culture throughout the bank.
• Promote best practices for control with the Business and Support Units.
• Identify, manage, and alert management on key risks and controls.
• Ensure Risk and Control Self Assessments are performed regularly.

Skills

Analytical skills

Project coordination

Verbal communication

Written communication

Collaboration

Time management

Education

Bachelor’s or Master’s degree in Finance, Economics, Business Management, Statistics, or relevant field

Job description

Job Purpose

To ensure that the Bank maintains an adequate Operational risk level, thus ensuring the Bank is in full compliance with the Operational Risk framework banking laws, internal policies, procedures & regulations.

Main Responsibilities and Accountabilities

• Ensure implementation of the Operational risk strategy deployed at the bank.
• Embed an Operational risk culture throughout the bank to promote transparency and accountability for inherent risk and controls.
• 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 Assessments (RCSA) are performed on a regular basis by units and perform due diligence reviews.
• Ensure Operational risk incidents (Financial and Non-Financial) and associated process breakdowns are reported by business/functional units across the bank.
• Monitor loss data report submissions across the bank and ensure timely submission of the Operational Risk Register.
• Review policies and procedures received from business units and recommend changes from an operational risk perspective.
• Work closely with internal audit, compliance, and other key control functions of the bank for integrated control reviews.
• Document action plans and report on issue status from RCSA and Audits.
• Serve as an internal risk consultant for the operating functions and business lines.
• Update and maintain the Operational risk management systems, models, procedures, and tools.
• Facilitate understanding of Operational Risk by users across the bank and enhance the risk culture
• Develop and ensure operational risk rating scale is within the bank’s set operational risk capital charge.
• Conduct bank-wide operational risk training and workshops as and when required.
• Build and maintain strong relationships with business management, support heads and other areas of risk management.
• Prepare meaningful MIS and dashboards from available data
• Set action plans for the implementation of tasks through clear set target dates.
• Take on ad hoc Operational Risk activities deputed by senior management as and whenever

Education

• Bachelor’s or Master’s degree in Finance, Economics, Business Management, Statistics, or a relevant field.

Experience

• 0 to 3 years’ relevant experience in the banking sector.

Other Skills Required for the Job

• Demonstrates excellent analytical skills with strong attention to detail.
• Develops and coordinates project plans, communicates progress and changes, and ensures projects are completed on time and within budget.
• Possesses strong verbal and written communication skills.
• Works collaboratively by valuing diverse perspectives, giving and receiving feedback, supporting team success, and contributing to a positive team environment.
• Effectively prioritizes and organizes work activities while using time efficiently.