About the job
An excellent opportunity is avaialble with an established banking organisation in the Dubai location for an Operational Risk Assistant Manager to assist all operational risk based activity.
Key Responsibilities
Have an overall understanding on the business, operations and other control functions and understand the presence of risks in every function;
To work with control functions and advise the Firm on all the risks of the Firm;
To review and update the Risk Matrix of the Firm;
To formulate (if required), review and update the Risk Register of the Firm;
To engage every function within the Firm, understand the risks within each of these functions and ensure solutioning & mitigations are in place at all times, in harmony with the team;
To communicate clearly to every functions heads on the prevailing risks and how these risks are to be addressed and managed. Where there is a residual risks, to work with the function heads on how to address these residual risk;
To prepare periodic reports to the Board Audit & Risk Committee and Board of Directors
To formulate (if required), revise and update the Firms Risk Management Policy as well as the other relevant policies and procedures (Business Continuity, Crisis Mgt., etc.);
To advise and obtain approval from the Board with regard to the risk appetite of the Firm;
To work closely with Group Internal Audit, Enterprise Risk & Resilience, Security & Governance in Group Technology and other respective functions and prepare any report expected to be provided to Group;
The Operational Risk Assistant Manager will possess strong experience operating in risk management role within the financial industry, preferably working in a DFSA (Dubai Financial Services Authority) or ADGM (Abu Dhabi Global Market) environment. You will have knowledge about Basel Committees principles, excellent in both oral and written communication, particularly in English language, ability to solve complex issue and have ability to build an understanding of the Firms and Group businesses and the co-relation of these businesses and the prevailing risks. You will have thorough understanding with regard to the risk management framework and be able to work independently with minimal supervision.
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