jobs.efinancialcareers

reputational compliance
Our client is one of the fastest growing banks in the UAE and is now looking for an experienced/senior operational risk manager to lead their operational risk and fraud function(s). Approximately 80% of the workload will be geared towards operational risk responsibilities and 20% towards fraud related activities and oversight. The requirement is for a hands on professional with strong client facing approach. A proven track record in improving operational risk and fraud processes and awareness in a growing organization is mandatory. ? Promote awareness and understanding of Operational Risk throughout the group. ? Build close working relationships with all Business Lines to develop an understanding of Operational Risk exposures ? Establish an effective framework for the identification, assessment, monitoring, mitigation and reporting of Operational Risk including; ? Implementation of a comprehensive Operational Risk Incident Policy to ensure the capture and assessment of Operational Risk Incidents, inclusive of the development of an Operational Risk Incident capture/Loss database and Risk register. ? Work with the business lines to perform forensic analysis of significant Operational Risk Incidents and agree mitigating actions. Track actions through to closure. ? Development of an effective Operational Risk Control and Self Assessment program across the group 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. ? Work closely with business units, in an advisory capacity, to identify, assess and mitigate Operational Risk exposures as and when they arise. ? Work closely with other functions, including Market & Credit Risk, Operations, Legal and Internal Audit to understand Operational Risk/Compliance issues 3. MINIMUM EDUCATION AND EXPERIENCE • Post Graduate in a numerate discipline or equivalent • 5+ relevant practical experience in Operational Risk or a similar control function preferably gained in a leading international bank or asset management firm • Strong understanding of front to back trade / process flows and regulatory requirements • • Relevant recognised professional certificate preferred, but not essential.