First Abu Dhabi Bank Looking for VP & Head of  Operational Risk – Corporate & Investment Banking (UAEN Only) at Abu Dhabi ,  United Arab Emirates Full Time

Job Description

• Establishing, enhancing, embedding an effective ORM framework and monitoring the implementation by business groups (within UAE)
• Assist businesses by challenging the self assessed risks & controls
• Articulate the residual risks vis–vis the overall risk appetite & risk mitigation strategy of the group and offer risk advisory to 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, analyze & validate root cause of reported incidents in ORM system & escalate to business heads, as necessary.
• Prepare loss data trend analysis and monitoring of loss approvals as per DOA within the business group.
• Assist in completion of Operational risk assessments for projects (ORAP) within the business groups, as necessary.
• Assist business functions in day-to-day activities related to Operational Risk management and any other integration management activities.
• Review and monitor action plans implementation as agreed by business groups
• Conduct monthly portfolio reviews with business groups and highlight operational risk issues for timely actions.
• Act as single point of contact for business groups on operational risk matters.
• Undertake & engage in Adhoc assignments from line Management.

Qualifications

• Graduate / Post-graduate / Management diploma in Business management
• Minimum 12 years of hands on banking experience in at least two or three of the major functions – CIB / Global Markets, in Risk Management / Internal Controls / Operations / Retail & Private banking
• Proven experience in project handling and management with impeccable track record
• Deep understanding of banking products 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 role is to exercise framework monitoring and assurance on CCB & IB business lines across Head Office to mitigate Operational Risk exposure. The roles spans across FAB Group HO entities & Subsidiaries in UAE.
• To maintain independency of risk in challenging the business on matters of divergent views.