Manager Operational Risk

Al Rajhi Bank; Riyadh; On-site; SAR 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Manager for Operational Risk to lead the development and implementation of a robust Operational Risk Framework. This role requires a strong understanding of banking operations and risk management, along with proven leadership skills. The successful candidate will foster a culture of risk awareness and manage key components of the risk management framework. If you are passionate about operational risk and ready to make a significant impact in a dynamic banking environment, this opportunity is perfect for you.

Qualifications

• Minimum of 4 years in internal audit or risk management.
• Strong knowledge of banking operations and risk management.

Responsibilities

• Manage the development of the Operational Risk Framework.
• Implement risk assessment tools within business units.

Skills

Internal Audit

Risk Management

Banking Operations

Leadership

Time Management

Relationship Management

PC Skills

Job description

Job Description

1. Manage the development and implementation of the Operational Risk Framework (ORF) for ARB Group, ensuring alignment with best practices.
2. Implement and maintain an overarching operational risk review methodology and supporting processes consistent with the bank's Operational Risk Policy.
3. Foster a culture of risk awareness, identification, disclosure, and reporting; establish enabling processes to sustain this framework and environment.
4. Implement key components of the Operational Risk Management framework, including:
   1. Risk Control Self Assessments
   2. Review of products, policies, and process documentation
   3. Outsourcing Risk Assessments
   4. E-Banking Risk Management
   5. IT Changes Review, Release, and CAB
   6. Business Unit and IT Incidents Management
   7. Other initiatives as assigned by the Operational Risk Department
5. Develop risk assessment tools to embed operational risk management within business units.
6. Develop, facilitate, and manage the Risk Control Self-Assessment process and other risk review processes across the bank.
7. Stay updated on regulatory requirements, perform gap analysis, and implement corrective actions to address identified gaps.

Qualifications, Experience, & Skills

1. Minimum of 4 years experience in internal audit or risk management, with at least 1 year in operational risk management.
2. Strong banking operations knowledge.
3. Excellent time-management and risk management skills.
4. Proven leadership in managing, leading, and inspiring teams.
5. Effective relationship management skills.
6. Proficient PC skills.

Desired Candidate Profile

[This section appears to be a duplicate of the above job description and qualifications; consider removing or consolidating for clarity.]

Additional Information

• Company Industry: Banking, Broking
• Department / Functional Area: Data Entry, Operations, Back Office Processing
• Keywords: Manager Operational Risk

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