64 Operational Risk jobs in the United Arab Emirates

Responsibilities

• Collaborate with Rapyd’s business units with regard to Risk Identification, Assessment and Monitoring of Operational Risks, undertaking Risk And Control Assessments (RACA’s).
• Leading Operational Resilience reviews, identifying Important Business Services, undertaking end to end mapping to identify process vulnerabilities and implement remediation and monitoring programs to ensure that Rapyd remains within its service tolerances at all times even under stress situations.
• Enhancing Rapyd’s operational risk management framework by providing expertise and input in respect of governance, risk appetite, key risk indicators and maintaining Rapyd’s Risk Register

Requirements

Join to apply for the EXECUTIVE, OPERATIONAL RISK & BUSINESS CONTINUITY MANAGEMENT role at KPJ Selangor Specialist Hospital

Join to apply for the EXECUTIVE, OPERATIONAL RISK & BUSINESS CONTINUITY MANAGEMENT role at KPJ Selangor Specialist Hospital

• Work closely with Risk Managers to ensure Group risk policies and operating models are appropriately localized and implemented.
• Assist the Risk Managers in matters pertaining to Risk & Governance Committee reporting, e.g Risk Management quarterly reporting, data pull and trend observations.
• Identify risks and their indicators in risk reporting and monitoring, addressing mitigation plans.
• Facilitate an analysis of the financial and non-financial impact when risks occur.
• Work closely with Risk Managers to partner with Head of Group Services and Head of Business Units to ensure that all Operational Risks (Tier 1 & 2) risks, top risk and top emerging ABC risk identification and mitigation, implementation of appropriate risk management systems and loss event database are properly identified, quantified, managed and monitored.
• Work with Risk Managers to partner and collaborate with other Line of Defence i.e. Internal Audit, Compliance and integrity Unit to implement integrated operation risk management framework, including regular update and track of Risk and Compliance Assessment process, Internal Audit plan and reports, Compliance / Integrity Unit/'s top risk and top emerging ABC risk identification and mitigation, implementation of appropriate risk management systems and loss event database.
• Be the change agent on Risk Management;
• Work with Risk Managers to review the key risks associated with projects undertaking;
• Execute the implementation of Risk Management digitisation, use of analytics, Machine learning and Automation;
• Assist in developing outreach and engagement activities in support of embedding and strengthening risk management culture and awareness;
• Participate in outreach activities, including the Risk Forum and top management across the Group.
• Other business units/functions — Execute and deliver initiatives on a regular basis to identify unique/emerging risks and design risk management strategies to address the risks identified.
• Perform independent risk review and validation for any request on Group's undertakings.
• Assist in develop Operational risk reporting/dashboard, timely communicate /escalate risk events issues, and compliance with risk policies and limits to key stakeholders in the Company and in the region; manage the Company's quarterly risk reporting.
• Execute the annual Risk Management processes with key business units, stakeholders, update the risk assessment and ensure adequate measures are in place to mitigate the identified risks.
• Assist Senior Management team in improving risk management / mitigating strategies and techniques, and carrying out follow up action plans and its effectiveness in mitigating / controlling risks.
• Evaluate and draw attention to possible gaps in the risk register to the Senior Management and Head of Business Units - follow-up on the development of control environment to overcome deficiencies in the risk management / mitigating process.
• Collaborate working with relevant functions (e.g. Risk Management, Internal Audit, Finance and Legal) to build up and/or implement a risk control framework (i.e. compliance self-assessment) and provide quality and solutions-focused advice on risk and control issues relevant to the business division for informed decision-making on compliance and ethics matters.
• Implement and execute risk management process and business continuity planning (BCP) adopted by the business units from all stakeholders' point of view.
• Involve in preparing, coordinating, and reporting the annual Business Continuity (BCP) Test.
• Insurance Management: To ensure optimum coverage, competitive premium rates and timely renewal; Develop and agree with the Insurance Broker the key milestones for insurance renewal with targeted premium of lower than industry average; Work with the Insurance Broker and hospitals/subsidiaries to renew the policies according to the timeline; Work with the Broker to assess additional coverage where required.

• Seniority level Executive

• Employment type Full-time

• Job function Business Development and Sales
• Industries Hospitals and Health Care

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Responsibilities

• Collaborate with Rapyd's business units with regard to Risk Identification, Assessment and Monitoring of Operational Risks, undertaking Risk And Control Assessments (RACA's).
• Leading Operational Resilience reviews, identifying Important Business Services, undertaking end to end mapping to identify process vulnerabilities and implement remediation and monitoring programs to ensure that Rapyd remains within its service tolerances at all times even under stress situations.
• Enhancing Rapyd's operational risk management framework by providing expertise and input in respect of governance, risk appetite, key risk indicators and maintaining Rapyd's Risk Register

Requirements

This is a risk management role reporting into the Head of Operational Risk Management, directly responsible for developing a center of operational risk excellence and advisory and will assist and coach business and operational risk stakeholders within the areas of his/her responsibility.

The role requires a proactive and confident individual with at least 12 years’ experience in operational risk and various banking activities. They should be highly able to communicate and build strong relationships across the wider business. The holder of this position will be mainly asked to:

• Act as a subject matter expert and provide leadership & operational risk advisory on key business initiatives, projects, products, policies, procedures, Outsourcing engagements, etc.
• Oversee and ensure the implementation of Operational Risk Management Framework throughout the Group including all branches and subsidiaries locally and internationally, ensuring alignment with the enterprise-wide Risk Management strategy and enabling improved decision-making that explicitly considers operational risk and the related appetite.
• Provide guidance to the businesses, ORM Peers and other 2nd LOD risk oversight functions throughout the identification of key operational risk exposures as an overarching principle.
• Oversee and ensure the implementation of GORM tools within the Group from an overarching principle.

Key Accountabilities of the role:

• Coordinate with all business functions and ensure a harmonized implementation and rollout of Operational Risk Management Framework and related policies and procedures across the Group.
• Act as a subject matter expert and provide leadership & operational risk advisory on key business initiatives, projects, products, policies, procedures, Outsourcing arrangements etc.
• Manage the assessment and analysis as required by working with different stakeholders including 2nd LOD and ORM peers handling different streams and support them with the operational risk assessment and advisory needed in relation to different tools such as risk workshops, Incidents root causes identification and related risk assessment, issues related risks assessment, key indicators related risks, etc.
• Support and challenge the businesses and risk owners in the identification of key operational risk exposures rising from key initiatives, projects, new and existing products, outsourcing engagement within the group and recommend effective mitigation strategies.
• Review and approve banks policies and procedures and support and challenge the related risks exposure and related mitigation strategies.
• Ensure that adequate risk responses are taken toward the risk exposures identified from various reviews, including ensuring that acceptance and escalation are sought as per the approved risk appetite.
• Build and produce regular reports on operational risk profiles, analysis, and exposures to Senior management and various committees.
• Analyze and monitor the control environment information pertaining to ADIB Group and recommends management action to ensure a stable risk profile.
• Ensure that the Issues/actions identified/recommended from assessment and advisory engagements are properly logged and tracked to completion.
• Coordinate with ORM peers to ensure the consistency and alignment of the provided advisory outcome with other relevant operational tools, including the Risk & Control Self-Assessment, Key Risk Indicators (KRIs), Issue and Actions Management and Incident Management.
• Development and maintenance of the relevant ORM policies & Procedures and standards and ensure they are being adhered to.
• Perform regulatory gap analysis for various ORM regulations and best practices and support the necessary implementation.
• Manage ORM stakeholder’s requirements about Issues & Actions, Incidents, and RCSA & KRI related to systems, reporting, etc.
• Perform comparative analysis for the outcome of different ORM tools such as Loss data, KRI. RCSA, Issues and actions and challenge the underlying business risk assessment.
• Develop and maintain training materials and Conduct ORM trainings & awareness sessions on operational risk management standards, tools & systems.
• Coordinate as required with Internal Audits, central bank examiners, etc.… visits.
• Support and ensure the effectiveness of the Business Operational Risk Management Committees across various business lines.
• Support and ensure the effectiveness of dedicated Business Operational Risk champions in managing and embedding the operational risk management framework within their areas.
• Support the implementation of ORM Projects in relation to systems, platforms, tools, and training.

Specialist Skills / Technical Knowledge Required for this role:

• Working knowledge of leading international and local operational risk practices and regulatory requirements and guidelines.
• Demonstrate ability to collaborate with coworkers and Senior Management.
• Strong presentation and communication (verbal and written).
• Strong problem solving, research, analytical, qualitative, and quantitative analysis.
• Strong knowledge of Operational Risk Management standards and tools.
• Strong knowledge of banking products, processes, and organization across different businesses.
• Technology Risk knowledge.
• Excellent communication skills in English and Arabic.

Previous experience required (if any):

• Bachelor’s Degree with 12 years of progressive Financial Services industry experience out of which at least 7 years in Operational Risk Management.
• MBA or other reputable post graduate studies are required.

• Job Identification 2730
• Posting Date 01/29/2025, 03:57 AM
• Apply Before 02/28/2025, 03:56 AM
• Locations Abu Dhabi, Al Rowdah, Shk Rashid Bin Saeed St. 313 ADIB New Headquarters Branch, Sh. Zayed Main Branch Abu Dhabi United Arab Emirates, Abu Dhabi, AE

At RAKBANK, we believe in fostering a culture of innovation, growth, and excellence. We are not just a bank – we are a community that thrives on teamwork, cutting-edge solutions, and the highest standards of governance. Now, We’re looking for a dynamic Vice President - Operational Risk to join our team at Dubai Silicon Oasis, where you'll lead the way in leveraging your expertise in Operational and conduct risk, you will drive the development and deployment of innovative models and insights that align with the bank's strategic objectives, ensuring measurable impact and value creation.

Job Description:

The Vice President - Operational Risk is responsible for implementing and maintaining RAKBANK Group's Operational and Conduct Risk Management frameworks across all business and operational areas. This critical role demands rigorous engagement with senior and executive management, management committees, and various stakeholders, including audit teams and regulators, to ensure the utmost effectiveness of internal controls and risk management practices. The position requires meticulous risk assessments, stringent implementation of control measures, and vigilant maintenance of risk management policies and procedures.

Operational Risk & Internal Controls:

• Implement and administer Operational Risk Management and Conduct Risk Management programmes with utmost diligence, including RSCA and specialized risk assessments.
• Oversee the implementation, administration, and continuation of Operational Risk Management and Conduct Risk Management frameworks and programmes, such as RSCA, KRI Reporting, and loss data reporting, throughout RAKBANK Group's first and second lines of defence.
• Engage in formal interactions with RAKBANK Group's Senior & Executive Management and Management Committees on critical matters of Internal Controls, Operational Risk, and Conduct Risk Management.
• Establish and maintain professional relationships of the highest calibre with internal and external stakeholders, including senior management, external and internal audit teams.
• Provide comprehensive training, expert advice, guidance, and support to team members to ensure optimal team effectiveness and maintain the highest standards of risk management.
• Provide strategic direction for the update of the Group's Operational Risk Management and Conduct Risk Management Frameworks.
• Conduct thorough reviews of new products and processes, and modifications to existing ones, ensuring their implementation aligns strictly with the Bank's internal policies, control standards, and Central Bank Regulations.
• Critically evaluate and approve process changes proposed by Operating / Business units, permitting incorporation into Operating Procedures only if the proposal meets the Bank's stringent internal policies, control standards, and Central Bank Regulations.
• Ensure Operating Procedures are drafted to the highest standard and are documented with efficient turnaround times. Oversee the release of new or amended Operating Procedures on the Bank's intranet after rigorous verification of correct documentation.
• Conduct comprehensive reviews of system enhancements and new system releases in the production environment, ensuring Operating Procedures are meticulously drafted, access roles are thoroughly reviewed and updated, and all respective stakeholders are duly informed of the new system or changes.
• Perform in-depth reviews of functionality available in new systems, identify potential risk areas, and provide critical commentary on the impact on the Bank's procedures and controls.
• Participate in and undertake crucial responsibilities for the bank's new digital and non-digital initiatives, ensuring all risk aspects are thoroughly addressed.

Core Responsibilities:

• Take full ownership and drive the process of embedding RAKBANK Group's Operational Risk Management framework throughout the business & operational areas. Contribute significantly to the risk and control culture of the organisation through comprehensive knowledge sharing and awareness programmes on the critical importance of risk management.
• Engage in high-level interactions with RAKBANK Group's Senior & Executive Management and Management Committees on matters of utmost importance concerning Internal Controls, Operational Risk, and Conduct Risk Management.

Qualifications:

• Postgraduate / Master's Degree or Equivalent Qualification in Finance, Risk Management, Business Administration, or a related field.
• Minimum 10 years' experience in Operational Risk Management function in a reputed Banking or Financial Institution, including minimum 5 years in mid-management or supervisory position.
• Proven experience in managing risk management functions, developing policies, procedures, and risk management strategies.
• Relevant professional qualifications such as FRM, PRM, or CISM are preferred.
• Comprehensive understanding of regulatory requirements and guidelines related to operational risk management in the banking sector.
• Strong analytical skills with the ability to interpret complex data and present findings clearly to various stakeholders.
• Excellent project management skills with experience in implementing risk management frameworks and systems.
• Proficiency in risk assessment methodologies and tools, including RCSA and KRI reporting.
• Exceptional communication and interpersonal skills, with the ability to influence and drive cultural change across the organisation.
• Strong leadership qualities with experience in mentoring and developing high-performing teams.
• Solid understanding of emerging risks in the banking sector, including cyber security, data privacy, and digital transformation risks.
• Experience in conducting risk assessments for new products, processes, and systems.

What You'll Gain:

• Competitive salary and benefits package.
• Opportunities for professional development and career advancement.
• A supportive and collaborative work culture.
• Access to cutting-edge tools and technologies

This is a risk management role reporting into the Head of Operational Risk Management, directly responsible for developing a center of operational risk excellence and advisory and will assist and coach business and operational risk stakeholders within the areas of his/her responsibility.

The role requires a proactive and confident individual with at least 12 years’ experience in operational risk and various banking activities. They should be highly able to communicate and build strong relationships across the wider business. The holder of this position will be mainly asked to:

• Act as a subject matter expert and provide leadership & operational risk advisory on key business initiatives, projects, products, policies, procedures, Outsourcing engagements, etc.
• Oversee and ensure the implementation of Operational Risk Management Framework throughout the Group including all branches and subsidiaries locally and internationally, ensuring alignment with the enterprise-wide Risk Management strategy and enabling improved decision-making that explicitly considers operational risk and the related appetite.
• Provide guidance to the businesses, ORM Peers and other 2nd LOD risk oversight functions throughout the identification of key operational risk exposures as an overarching principle.
• Oversee and ensure the implementation of GORM tools within the Group from an overarching principle.

Key Accountabilities of the role:

• Coordinate with all business functions and ensure a harmonized implementation and rollout of Operational Risk Management Framework and related policies and procedures across the Group.
• Act as a subject matter expert and provide leadership & operational risk advisory on key business initiatives, projects, products, policies, procedures, Outsourcing arrangements etc.
• Manage the assessment and analysis as required by working with different stakeholders including 2nd LOD and ORM peers handling different streams and support them with the operational risk assessment and advisory needed in relation to different tools such as risk workshops, Incidents root causes identification and related risk assessment, issues related risks assessment, key indicators related risks, etc.
• Support and challenge the businesses and risk owners in the identification of key operational risk exposures rising from key initiatives, projects, new and existing products, outsourcing engagement within the group and recommend effective mitigation strategies.
• Review and approve banks policies and procedures and support and challenge the related risks exposure and related mitigation strategies.
• Ensure that adequate risk responses are taken toward the risk exposures identified from various reviews, including ensuring that acceptance and escalation are sought as per the approved risk appetite.
• Build and produce regular reports on operational risk profiles, analysis, and exposures to Senior management and various committees.
• Analyze and monitor the control environment information pertaining to ADIB Group and recommends management action to ensure a stable risk profile.
• Ensure that the Issues/actions identified/recommended from assessment and advisory engagements are properly logged and tracked to completion.
• Coordinate with ORM peers to ensure the consistency and alignment of the provided advisory outcome with other relevant operational tools, including the Risk & Control Self-Assessment, Key Risk Indicators (KRIs), Issue and Actions Management and Incident Management.
• Development and maintenance of the relevant ORM policies & Procedures and standards and ensure they are being adhered to.
• Perform regulatory gap analysis for various ORM regulations and best practices and support the necessary implementation.
• Manage ORM stakeholder’s requirements about Issues & Actions, Incidents, and RCSA & KRI related to systems, reporting, etc.
• Perform comparative analysis for the outcome of different ORM tools such as Loss data, KRI. RCSA, Issues and actions and challenge the underlying business risk assessment.
• Develop and maintain training materials and Conduct ORM trainings & awareness sessions on operational risk management standards, tools & systems.
• Coordinate as required with Internal Audits, central bank examiners, etc. visits.
• Support and ensure the effectiveness of the Business Operational Risk Management Committees across various business lines.
• Support and ensure the effectiveness of dedicated Business Operational Risk champions in managing and embedding the operational risk management framework within their areas.
• Support the implementation of ORM Projects in relation to systems, platforms, tools, and training.

Specialist Skills / Technical Knowledge Required for this role:

• Working knowledge of leading international and local operational risk practices and regulatory requirements and guidelines.
• Demonstrate ability to collaborate with coworkers and Senior Management.
• Strong presentation and communication (verbal and written).
• Strong problem solving, research, analytical, qualitative, and quantitative analysis.
• Strong knowledge of Operational Risk Management standards and tools.
• Strong knowledge of banking products, processes, and organization across different businesses.
• Technology Risk knowledge.
• Excellent communication skills in English and Arabic.

Previous experience required (if any):

• Bachelor’s Degree with 12 years of progressive Financial Services industry experience out of which at least 7 years in Operational Risk Management.
• MBA or other reputable post graduate studies are required.

• Job Identification 2730
• Posting Date 01/29/2025, 03:57 AM
• Apply Before 02/28/2025, 03:56 AM
• Locations Abu Dhabi, Al Rowdah, Shk Rashid Bin Saeed St. 313 ADIB New Headquarters Branch, Sh. Zayed Main Branch Abu Dhabi United Arab Emirates, Abu Dhabi, AE

We are seeking an experienced professional to lead our operational risk management initiatives, ensuring alignment with organisational objectives.

• Develop and implement strategic plans to mitigate risks across various functions, promoting a strong risk culture within the organisation.
• Collaborate with senior stakeholders to identify, assess, and prioritise operational risks, providing actionable insights to inform business decisions.
• Utilise analytical skills to interpret data, presenting recommendations to enhance risk management methodologies and leverage technology tools such as Power BI and Aptitude.

• Prior experience in operational risk management or a related field is essential.
• A STEM background or quantitative skills are preferred, enabling effective analysis and interpretation of complex data.
• Proven ability to communicate effectively with senior stakeholders, fostering a collaborative environment to drive business outcomes.

• Familiarity with risk culture frameworks and implementation strategies is desirable, enabling the design and delivery of tailored risk management solutions.
• Ability to work independently, with flexibility to adapt to changing priorities and deliver high-quality results under pressure.
• Knowledge of technology tools such as Power BI and Aptitude is advantageous, supporting the development of innovative risk management approaches.

The successful candidate will have opportunities for professional growth and development, working closely with senior leaders to shape the organisation's risk management strategy.

Join our team of dedicated professionals who share a passion for operational risk management, committed to delivering exceptional results and driving business success.

We are seeking an experienced Operational Risk Manager to join our team. The successful candidate will be responsible for ensuring the effective management of operational risk across the organization.

• Work closely with senior risk managers to identify, assess and mitigate operational risks.
• Develop and implement risk management policies and procedures to ensure compliance with regulatory requirements.
• Collaborate with internal audit and compliance teams to ensure that risk management practices are aligned with organizational objectives.
• Provide risk-based training to employees on risk awareness and mitigation strategies.
• Conduct regular risk assessments to identify potential vulnerabilities and develop mitigation plans.

• This is a full-time role based in our headquarters.
• The successful candidate will have a strong understanding of risk management principles and experience working in a similar role.
• Excellent communication and interpersonal skills are essential for this role.

• Strong analytical and problem-solving skills.
• Ability to work independently and as part of a team.
• Highly organized with excellent time management skills.
• Experience working with risk management software and systems.

This role offers a competitive salary package, including benefits such as health insurance, retirement savings plan, and paid time off.

Please note that this job description is not exhaustive and you will be required to perform other duties as necessary.

JOB PURPOSE:

The VP of Operational Internal Control & Governance will plan direct coordinate and oversee Operational Risk Framework in the Group Operation Credit administration and International Operations by improving the quality of Risk Assessments and Internal Controls. Consistently work independently towards enhancing operational efficiency as well as support in managing operational risk.

KEY ACCOUNTABILITIES:

• Develop and implement comprehensive operational risk management strategies to safeguard the banks assets and reputation.
• Lead the design and execution of effective control frameworks to ensure compliance with regulatory requirements and internal policies.
• Collaborate with senior leadership to establish risk appetite and tolerance levels aligning with overall business objectives.
• Provide strategic direction for the development and enhancement of risk metrics and key performance indicators (KPIs).
• Foster a risk-aware culture by promoting awareness education and training initiatives in Group Operations Credit Administration and International Operations
• Conduct regular risk assessments and control evaluations to identify emerging risks and implement proactive measures.
• Drive continuous improvement initiatives in operational processes to optimize efficiency and minimize risk exposure.
• Report to the Head of OICG on a regular basis regarding the state of affairs of the department Group Operation and Credit Administration.
• Assist Head of OICG - Operational Internal Control & Governance in recruitments and interview process.
• Provides constructive and timely performance evaluations of OICG staff.
• Oversee the identification assessment and mitigation of operational risks across various business units and processes.
• Lead and manage a team of managers and supervisors providing guidance coaching and support to drive performance and employee development.

Job Context

• Manage and govern effective implementation of OICG functional policies procedures and controls covering all areas of assigned department activity so that all relevant procedural/legislative requirements fulfilled while delivering a quality cost-effective service.
• Always demonstrate compliance to organisations values and ethics to support the establishment of a value drive culture within the bank.
• Implement robust tools / processes for identification of opportunities for continuous improvement and sustainability of systems processes and practices considering global standards productivity improvement and cost reduction.
• Assist in ensuring AML - Anti money laundering CBUAE - Central Bank Guidelines and other internal policies / procedures are strictly followed and any deviations are reported to levels prescribed.

Qualifications :

• Bachelors degree in a relevant field; advanced degree (MBA MSc) preferred or related discipline.
• Extensive experience (10 years) in operational risk management and control within the financial services industry
• Strong understanding of regulatory requirements and industry best practices related to operational risk
• Proven leadership skills with the ability to influence and collaborate at the executive level
• Excellent communication skills both written and verbal to articulate complex concepts to diverse audience
• Demonstrated experience managing and developing high-performing teams
• Professional certifications in the field of Operational risk management or equivalent are highly desirable
• Ability to thrive in a dynamic and fast-paced environment

Remote Work :

No

Employment Type :

Full-time