Operational Risk Manager

Salt; Abu Dhabi; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading bank in the United Arab Emirates seeks an experienced Operational Risk Manager to support the development and monitoring of key risk frameworks. This role involves overseeing risk management processes across business units and ensuring compliance with regulatory requirements. The ideal candidate should have extensive knowledge in risk management frameworks and the ability to lead initiatives effectively. This position offers the opportunity to collaborate on crucial aspects of operational resilience and risk reporting.

Qualifications

• Strong understanding of risk management frameworks.
• Experience in risk control self-assessment.
• Ability to work across multiple business units.

Responsibilities

• Support the development and implementation of key risk frameworks.
• Take ownership of the Risk Controlled Self-Assessment (RSCA) programme.
• Conduct periodic monitoring and reporting of Risk Appetite Statement Metrics.

Job description

The Operational Risk Manager will support the development, implementation, and monitoring of key risk frameworks for the bank, partnering with all business areas to ensure a sound risk management environment. This role involves working across multiple non-financial risk domains to ensure compliance with regulatory requirements and internal policies, while enabling sustainable growth.

Operational Risk Identification & Assessment:

• Take ownership of the Risk Controlled Self-Assessment (RSCA) programme. Support in spearheading the Bank’s effort on Risk Control Self-Assessment (RCSA) by updating the existing templates, restructuring the impact assessment matrices and control efficiency ratings. Performing the RCSA across all Bank functions
• Assist in identifying, assessing, and monitoring key risks across business units.
• Support risk reviews for new products, processes, and technology initiatives.
• Take ownership of the Operational Risk Events process to ensure the tracking of risk events, incidents, and remediation actions.

Business Continuity Management

• Assess and make recommendations to enhance business continuity plans, crisis management, disaster recovery, operational resilience tracking and re-cording.

Risk Monitoring & Reporting:

• Support the ongoing development and execution of risk reporting, for both ex-ternal reporting and internal risk management purposes.
• Prepare risk dashboards, MIS reports, and coordinate the establishment of key risk indicators (KRIs).
• Support the reporting requirements of the various Committee meetings.
• Conduct periodic monitoring and reporting of Risk Appetite Statement Metrics for the Risk and Compliance Committee, as well as for the Board Risk & Compliance Committee.

Regulatory & Compliance:

• Ensure adherence to regulatory requirements (e.g., Basel norms, local banking regulations).
• Establish the Operational Risk Committee for the Bank.
• Contribute to the stress scenario, testing and development of the bank's ICAAP and IRAP documents for regulatory submissions
• Assist in internal and external audits related to risk management, specifically non-financial risks.