The head of operational Risk and fraud will be responsible for instilling effective Operational Risk processes across the organisation while developing the approach to identifying, assessing, mitigating and reporting the relevant risk and fraud issues. The role will oversee a small team of risk professionals.
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.
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