Operational Risk & Controls Specialist

Rakbank; United Arab Emirates; On-site; AED 180,000 - 300,000; Full time

Job summary

Rakbank is seeking motivated UAE Nationals to join our Business Banking team as an Operational Risk Analyst. The role offers exposure to risk management, governance, process improvement, and operational controls within the Bank's risk and control framework.

You will support operational risk management frameworks, conduct RCSA activities, and monitor KRIs while collaborating with Risk, Compliance, Credit, and Operations to strengthen governance and risk practices.

Qualifications

• UAE National (Family Book required)
• Bachelor's Degree or equivalent qualification
• Minimum 2 years of experience in banking, financial services, risk management, operations, business analysis, or related disciplines. Strong analytical and problem-solving skills.
• Ability to work independently and manage multiple priorities effectively.
• Strong communication and stakeholder management skills.
• Proficiency in Microsoft Office applications and data analysis.
• Interest in Risk Management, Governance, Controls, and Banking Operations.

Responsibilities

• Support the implementation and maintenance of operational risk management frameworks and tools across Business Banking.
• Facilitate Risk and Control Self-Assessments (RCSA) to identify and assess operational risks and control effectiveness.
• Conduct control testing and identify process, system, training, and compliance gaps, ensuring timely remediation.
• Monitor and report Key Risk Indicators (KRIs), highlighting emerging risks and trends.
• Investigate, track, and support the resolution of operational risk incidents.
• Prepare management reports, dashboards, risk updates, and governance presentations.
• Review business processes and customer journeys to identify opportunities for enhanced controls, operational efficiency, and improved customer experience.
• Partner with stakeholders across Risk, Compliance, Credit, Operations, Treasury, and Business Banking to strengthen governance and risk management practices.

Skills

Analytical thinking

Stakeholder management

Problem solving

Communication skills

Attention to detail

Independent worker

Education

Bachelor's Degree or equivalent qualification

Tools

MS Office

Data analysis

Job description

Rakbank is seeking motivated UAE Nationals to join our Business Banking team as an Operational Risk Analyst. The role offers exposure to risk management, governance, process improvement, and operational controls within the Bank's risk and control framework.

You will support operational risk management frameworks, conduct RCSA activities, and monitor KRIs while collaborating with Risk, Compliance, Credit, and Operations to strengthen governance and risk practices.