AVP- Operational & Fraud Risk (UAEN Only)

  • Full-time
  • Division: Group Risk Management

Company Description

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Job Description

  • Establishing, enhancing, embedding an effective ORM framework and Outsourcing governance framework.
  • Monitor & oversee the implementation of outsourcing initiatives within relevant business group from Operational risk perspective.
  • Should be capable of challenging the business on various outsourcing risks & controls with sound knowledge on the line function of the portfolio.
  • Articulate the residual risks vis-à-vis the overall risk appetite & risk mitigation strategy of the group and offer risk advisory to the front end business units.
  • Contribute & maintain to Outsourcing governance framework, methodology, procedure periodically.
  • Maintain outsourcing register in co-ordination with business lines and other involved stakeholders across group functions.
  • Provide risk advisory on outsourcing initiatives and other relevant projects to business stakeholders.
  • Ensure timely & periodic completion of outsourcing risk assessments of the functions in the business group.
  • Review and analyze the root cause of reported incidents in ORM system  & escalate to line management  as and when necessary.
  • Prepare loss data trend analysis and monitoring of loss approvals as per DOA in within the business group.
  • Review and monitor action plans agreed within the business group for outsourcing initiatives.
  • Prepare & assist in monthly dashboards & other relevant reports as necessary & mandate.
  • Undertake adhoc assignments from line management.

Qualifications

  •  Graduate / Post-graduate / Management diploma in Business management
  •  Minimum 3 years of hands on banking experience/Operational Risk Management / Internal Controls / Operations
  •  Proven experience in project handling and management with impeccable track record
  •  Deep understanding of outsourcing models and risks involved
  •  Experience in developing and implementing Operational Risk Management framework and Internal Controls
  •  Relevant industry body certifications in Operational Risk, Anti-Fraud, InfoSec or BCM preferred
  •  Sound relationship management and influencing skills
  •  Strong analytical capabilities & problem solving
  •  Proactive self starter &  pragmatic solution driven expertise
  • Team player & attention to detail /accuracy

Additional Information

  •  The purpose of the job is to effectively manage Operational Risks in Outsourcing initiatives of the bank and and ensure timely & proactive escalation of issues to enable business units function efficiently.
  • Individually contribute (IC) to the team in managing the assigned functions.
  • To maintain independency of risk in challenging the business on matters of divergent views.
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