Senior Manager – Business Unit Risk & Control recruitment
Working for an award winning UAE Bank, headquartered in Abu Dhabi, the role description is as follows:
Drawing on both internal and external expertise, design, develop and implement a BU Risk and Control capability aimed at delivering world class risk and control practices within all levels and areas of the group.
Work closely with the CRO and Head of Operational Risk Management in further refining and implementing an effective framework for the identification, assessment, monitoring, mitigation and reporting of Operational Risk within the bank, including:
• Development of an effective Operational Risk Self Assessment program across the company/bank to encourage the self –assessment and subsequent mitigation of Operational Risks.
• Development of an effective Key Risk Indicator program to ensure the timely and accurate reporting of Operational Risks to Senior Management.
• Development and maintenance of an ‘Operational Risk Inventory’ to monitor and report upon all open Operational Risk Issues and Actions.
• Implementation of a comprehensive Operational Risk Incident Policy to ensure the capture and assessment of Operational Risk Incidents, inclusive of the development and of an Operational Risk Incident capture database.
• Work with Operations IT to perform analysis of significant Operational Risk Incidents and agree mitigating actions. Track actions through to closure.
Develop a strategy of ‘risk deep dives’ in high risk material business activities. Undertaking assurance and due diligence reviews as well as conducting “challenge” sessions to self-assessments
• Ensure robust, up-to-date and tested Business Continuity Plans for all relevant groups.
Work closely with IT to ensure that up-to-date and tested IT Disaster Recovery Plans are in place to support our businesses in a time of need
Responsible for re-invigorating and establishing a pan-bank Security Fraud agenda through the Fraud Management Forum.
• Assist in the review of new / amended products, processes or systems to to ensure that Operational Risk implications are being considered and appropriately mitigated.
Chair BU Risk Management forum; participate on other relevant committees on Operational Risk issues
Work closely with other functions, including CRO, Compliance, Internal Audit, and Program Management to understand Operational Risk issues
• Implement training and capability building initiatives to improve Risks Control awareness;
• Liaise with other risk and control functions to share best practice, ensure the level of risk mitigation and transfer is appropriate, and strengthen second line capability;
Lead the development of business focused risk MI and reporting, using both internal and external information to engage and inform the business
Requirements:
8 -10 years financial services experience
6 - 8 years relevant risk management experience