Senior Analyst - 6 Months Contract Senior Analyst - 6 Months Contract …

Arab Banking Corporation
in Manama, Capital Governorate, Bahrain
Contract, Full time
Last application, 26 Jul 21
Competitive
Arab Banking Corporation
in Manama, Capital Governorate, Bahrain
Contract, Full time
Last application, 26 Jul 21
Competitive
The job holder needs to have a thorough understanding of the products and business processes in the wholesale banking and be familiar with operational risk management practices and regulatory requirements. He/She should be able to articulate these and have meaningful discussions with internal and external stakeholders at various levels. He / She should also never lose sight of the “big picture” of the markets ABC is in and the overall trends in the financial industry as a whole.

The Job holder will assist and facilitate the management of operational risk across wholesale Banking Group. 

This includes:

  • Engaging with the first line on risk management (identification of risks and appropriate mitigation strategies) starting from a good understanding of the business processes & products
  • (Facilitation) of the implementation of the group-wide framework for management of operational risk in Wholesale banking Group;
  • Supporting the Operational risk management by the first line;
  • Provide assistance to second line Risk Departments of Units;
  • Overseeing the processes for identification and controlling of risks in existing and new activities and products
  • Representing risk in efforts to launch new products, change processes, implement systems, etc.;
  • Analysis of risk data and translating same in action plans;
  • Reporting of risks and status of risk management;
  • Raising awareness and promoting best practices for the management of operational risk in wholesale banking group

Scope of the Job

  • Facilitate the management of operational risk across the wholesale banking group
  • This includes (list is not exhaustive):
  • Ensure Review of policies & procedures to ensure compliance with group standards and policies
  • Ensure Review of new products from the operational risk perspective and challenge the controls identified
  • Challenge the Process / System design from the operational risk perspective
  • (Facilitation of the) implementation of the group-wide framework for the management of operational risk
  • Organization and facilitation of risk management workshops (e.g. RCSA workshops, etc.)
  • Coordination and facilitation of the implementation of the various risk management policies and procedures within Wholesale Banking Group.
  • Assistance with the identification of risks and the definition of appropriate controls
  • Challenging / testing the effectiveness of controls 
  • Analysis of risk data such as loss events and other incidents, KRIs, etc. and ensuring that they are translated into appropriate action
  • Investigating risk events and incidents
  • Following up on completion of action plans
  • Provide day-to-day direction, guidance, training and support to the wholesale banking group for the management of operational risk.
  • Ensure respect of Operational risk management policies and procedures and raising any exceptions
  • Create/edit operational risk related data in the operational risk system (GRC tool)
Arab Banking Corporation logo
More Jobs Like This
See more jobs
Close
Loading...
Loading...