FAB, the UAE's largest bank and one of the world's most secure financial institutions, is dedicated to creating value for its employees, customers, shareholders, and communities. Through innovation, agility, and differentiation, FAB is committed to fostering growth. We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting and dynamic industry

JOB PURPOSE:

• Effectively manage Operational Risks in control functions & group subsidiaries on their day-to day activities and ensure timely escalation of issues to enable business units function efficiently.
• Individually contribute (IC) to the team in managing the assigned functions.
• Maintain independency of risk in challenging the business on matters of divergent views.

Key Roles & Responsibilities

• Establishing, enhancing, embedding an effective ORM framework and monitoring the implementation within relevant business group.
• Should be capable of challenging the business on various risks & controls with sound knowledge on the line function of the portfolio that are assigned to the individual
• 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.
• Ensure timely completion of Risk & Control Self-Assessments (RCSA) & validation of control testing of the functions in the business group.
• Assist the business functions within the group to set threshold levels for KRI and monitoring of KRI breaches & action plan implementation.
• Review and analyze the root cause of reported incidents in ORM system  & escalate to Head of Operational Risk as and when necessary.
• Prepare loss data trend analysis and monitoring of loss approvals as per DOA in within the business group.
• Review of process flows / procedures / vendor arrangements / outsourcing contracts / Product if any within the group to highlight control gaps from operational risk perspective
• To facilitate Operational risk assessments for projects (ORAP) within the business group as and when necessary
• Assist business functions within the group in day-to-day activities related to Operational Risk management and any other integration management activities.
• Review and monitor action plans agreed within the business group
• Prepare & assist in monthly dashboards & other relevant reports
• Undertake adhoc assignments from Head of Operational Risk Management

JOB KNOWLEDGE SKILLS AND EXPERIENCE :

• Graduate / Post-graduate / Management diploma in Business management
• Minimum 10-12 years of hands on banking experience in any one of the major functions – large scale banking operations – Trade / Card / Retail / Corporate Operations, Credit & CAD, Human Resources, logistics & administration services in Risk Management / Internal Controls / Operations
• 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