67 Risk Management jobs in Abu Dhabi

Role Summary:

The Risk Management Specialist is responsible for ensuring that models are validated and risk is appropriately managed according to our organization's policies and regulatory requirements.

Key Responsibilities:

• Conduct thorough validation procedures to assess model risk, identify potential issues, and ensure compliance with regulatory requirements.
• Review and analyze models to determine their appropriateness, construction, and assumptions, and provide recommendations for improvement.
• Communicate effectively with stakeholders, including model owners, developers, and users, to ensure effective two-way communication and facilitate collaboration.
• Produce high-quality validation reports that accurately reflect model limitations, assumptions, conditions for use, and level of risk.

Required Skills and Qualifications:

• Bachelor's or Master's degree in a quantitative science (finance, economics, mathematics, statistics, actuarial science, financial engineering, or similar)
• A minimum of 6 years of experience in quantitative risk management with excellent understanding of Basel II/III standards
• Prior experience developing or validating risk models from end to end is mandatory
• Excellent programming skills using statistical/mathematical software, MS Office (Word, Excel, PowerPoint, Outlook, Access)

This job is looking for an individual who can ensure the efficient issuance of liability letters. The successful candidate will be responsible for managing workflows, identifying risks, and implementing mitigating actions to safeguard the bank.

Responsibilities include:

• Ensuring timely and effective communication with internal customers
• Escalating identified risks and suggesting mitigating actions
• Maintaining professionalism and effective communication with colleagues within the unit and all other departments

The ideal candidate should have good analytical skills, proficiency in MS Office, and a good understanding of banking industry trends in the local market. A Bachelor's degree in finance, banking, business management or a related major field of study is required. 1-2 years of experience in banking or similar experience is preferred.

We are committed to providing a positive and supportive work environment that encourages growth and development. If you are a motivated and detail-oriented individual who is passionate about delivering excellent customer service, we would love to hear from you!

Key Accountabilities:

1. Ensure that request for printing and dispatching Liability letters is done within SLA.
2. Responds promptly and directly to customer issues and questions over the email.
3. Ensures accuracy of information shared with customer and ensure that there is no unauthorized divulging of confidential information.
4. Follow all relevant departmental policies, processes, standard operating procedures, and instructions so that work is carried out in a controlled and consistent manner.
5. Demonstrate compliance to organisation's values and ethics at all times to support the establishment of a value drive culture within the bank.
6. Recommend process improvements for increased efficiency and cost effectiveness.
7. Stay current with the revised and updated policy and procedures on products and Norms; and illustrate the prior to the team

Continuous Improvement:

1. Contribute to the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.

SERVICE:

1. Assist in the design of quality assurance processes, procedural audits, and assessment in line with overall strategy.
2. Analyse tasks, workflows, and management activities, and assist in preparation policies and procedure manuals for AMO.
3. Determine the root cause of operational/service defects.
4. Assist in Dormant Account Management related processes.
5. Assist in relevant customer and account updates pertaining to account management operations.
6. Uses data collected from inspections and testing procedures to determine the cause of service/operational quality issues.
7. Participate in employee quality improvement teams to reduce defects and make recommendations to improve the processes based on findings from analysis.
8. Document results of new procedures after implementation to show quality improvements.
9. Ensure that procedures are understood, implemented, and evaluated periodically for continual improvement.
10. Assist in conducting internal quality assurance evaluations on AMO processes, people, facilities, and systems. Records and report results to management.
11. Assist in the development and documentation of quality related training programs.
12. Review and quality check automated reports, identify any risks and issues and raise appropriately.
13. Conduct trend analysis on performance to proactively identify problems and areas for improvements to both behaviour and service, and ensure they are driven through to completion.
14. Assist in conducting quality assurance inspections.
15. Maintain & track process improvement objectives.
16. Prepare reports by collecting, and summarizing data; making recommendations, including QA reports.

RISK:

1. Ensure escalation of any identified risk and suggest and implement mitigating actions and controls to safeguard the Bank.
2. Ensure timely and effective communication is maintained with internal customers taking utmost care in protecting the reputation of the bank.
3. Identify risk and nature of issues and inquiries arising repeatedly. Ensure to escalate these identified risks to the Supervisor / Line Manager / Department Head within the Unit and be a part of the team designing the mitigating factors.

PEOPLE:

1. Maintain professionalism and effective communication with colleagues within the Unit and all other Departments.
2. Adhere to your individual duties and responsibilities and support the team to deliver service excellence.

BUSINESS EFFICIENCY:

1. Manage the work flows efficiently with the resources available without compromising on the risk and services. Provide improvement suggestions to enhance the quality and efficiency in our work resulting in best customer service.
2. Maintain highly efficient turnaround time.

Qualifications:

• Good Product knowledge
• Proficiency in MS Office
• Excellent communication skills
• Good understanding of banking industry trends in the local market
• Good market awareness of product range and pricing
• Good analytical skills
• Bachelor's degree in finance, Banking, Business Management or a related major field of study is required. 1-2 year of experience in banking or similar experience

As a key member of our team, you will be responsible for executing risk-based Quality Assurance Reviews (QARs) to improve the quality of Know Your Customer (KYC), Anti-Money Laundering (AML) / Sanctions investigations, regulatory reporting, and controls. You will also work to mitigate regulatory and reputational risks.

• To provide management reports and proactively identify risks, assess relevant controls and AML, Sanctions, and KYC processes being reviewed, and provide additional training and suggestions to enhance process effectiveness.

• Experience and knowledge of compliance monitoring and testing methodologies for adherence to applicable regulatory requirements and internal policies.
• Expert-level skills in MS Office products, specifically PowerPoint, Excel, and Word.
• A high level of integrity with the ability to deal with various levels of employees with a high degree of professionalism.
• Strong research and analytical skills to monitor and analyze regulatory requirements and relate them to Financial Crime Prevention (FCP) processes, regulatory risks, and compliance controls to support a broad range of projects.
• The ability to make decisions independently using sound judgment, work well under pressure, and shifting priorities while meeting multiple or conflicting deadlines.
• Meticulous attention to detail and very strong organizational and prioritization skills.
• The ability to interpret and operationalize regulatory requirements.
• Excellent verbal and written communication skills with strong interpersonal skills.
• Strong execution skills with attention to detail and focus on clear, realistic action steps and timelines.
• The ability to handle multiple initiatives and prioritize work to meet deadlines and fulfill demands of a rapidly changing environment.
• A professional qualification or industry-recognized certification/diploma in Compliance-related fields such as ACAMS/ICA/ACFCS/FIBA is expected.
• Good knowledge of UAE/international regulations/rules.
• Good knowledge of bank's products, policies & procedures.
• Good knowledge of compliance function planning.

Previous experience is required.

3-5 years' experience in a compliance, audit, risk, or governance role in banking or financial services sectors, with a minimum of 2 years spent in KYC, Sanctions, or AML investigation areas.

The role of a Governance Risk Specialist involves implementing security risk management, compliance assessments, and IT security controls while ensuring adherence to industry regulations and standards.

Key responsibilities include managing trade compliance operations, developing policies, conducting training, ensuring adherence to regulations, and collaborating with stakeholders for effective compliance.

Other duties include conducting research, audits, and training, collaborating with stakeholders, and maintaining documentation in accordance with regulations. Additionally, the role involves generating leads, engaging in sales discussions, managing conflicts, and driving revenue through effective enforcement strategies in software compliance.

The Senior Officer is responsible for ensuring the organization's compliance with Central Bank regulations, implementing Third-Party Risk Management, and maintaining Operational Resilience.

Key responsibilities include managing engagement with risk functions, updating procurement policies, and conducting regular control testing of procurement controls.

• Implement regulatory requirements related to outsourcing, including risk assessments and committee agendas.
• Drive the implementation of Third-Party Risk Management at an organizational level.
• Support the implementation of operational resilience requirements.

Strategic / Relational:

• Represent the organization in risk-related committees and discussions.

Policies & Procedures:

• Update procurement and outsourcing policies, procedures, and forms.
• Implement systems and tools from a control and governance perspective.

Functional:

• Closing and rectifying observations, conducting clean-up exercises of existing agreements.

RCSAs:

• Review and update Procurement Risks & Controls assessments, manage GRC system inputs, follow up, and update.

Specialist skills and qualifications:

• Minimum bachelor's degree required.
• Project management experience necessary.
• Business English verbal and written proficiency required.
• Expertise in MS tools essential.

Previous experience:

• Minimum 5 years' experience in banking, risk management, operational risk, and/or compliance required.

We are seeking a highly skilled Senior Financial Risk Management Professional to join our team. In this role, you will be responsible for supporting the end-to-end management of the financial crime risk assessment (FCRA) gap assessment project.

Key Responsibilities:

• Track project progress and report status updates to stakeholders.
• Perform research on local regulations and international best practices relevant to FCRA.
• Liaise with various stakeholders to gather data required for gap assessment of the financial crime risk assessment framework.
• Work with compliance teams, business teams, and support functions to address clarifications raised during the gap assessment exercise.
• Recommend enhancements in the existing FCRA methodology, questionnaires, and model.
• Collate and address feedback received on project deliverables.
• Track final actions/enhancements until completion.
• Support FCC team in conducting UAT on enhanced FCRA questionnaire templates and model.

Requirements

This is a Contract position that requires the following qualifications:

• Bachelor's Degree or Higher in Management, Banking or Finance, preferably with certification in compliance, AML/CFT, Financial Crime or Risk Management.
• 4 years of experience in Financial Crime Compliance Roles, specifically in conducting a financial crime risk assessment for a large financial institution.

About Us

This job function falls under Legal. Industry: IT Services and IT Consulting.

Employment type: Contract. Seniority level: Not Applicable.