Lead - Operational Risk

  • Competitive
  • Abu Dhabi, United Arab Emirates
  • Permanent, Full time
  • Abu Dhabi Commercial Bank
  • 17 Nov 17 2017-11-17

Manage the implementation of ADCB’s enterprise-wide Operational Risk framework, strategy and policies in order to ensure operational risks are managed within agreed parameters

ACCOUNTABILITIES

Operational Risk Framework and Policy

  • Lead the design and implementation of the Operational Risk Framework, strategy and policies while ensuring the proper and effective implementation of same to ensure optimal operational risk management on an enterprise level

Operational Risk Assessments

  • Conduct operational risk and control assessments across ADCB and ensure escalation, tracking and remediation of defective controls to maintain a robust control framework
  • Review all new products, processes, procedures (old and new) and vendors in order to assess the operational risks associated with each and recommend remedial action

Operational Risk Support

  • Provide ongoing support and guidance to Business Unit Heads and Business Operational Risk Managers in order to assist them with the interpretation and implementation of policy and framework requirements

Training

  • Design and deliver operational risk training material to promote a risk management and compliance culture across ADCB

Risk Monitoring and Reconciliation

  • Create operational risk measurement metrics and obtain data to measure and monitor performance against required standards
  • Ensure operational risk losses are reconciled to the relevant general ledger accounts within the business and that correct data is provided to Finance to calculate capital adequacy requirements

Reporting

  • Prepare operational risk reporting packs for management and board committees to keep them apprised of the operational risk status within the group and support them in decision making

People Management (When applicable)

  • Manage self and team in line with ADCB’s people management policies, procedures, processes and practices to ensure adherence and to maximise own and employee contribution to business performance
  • Organise and supervise the activities and work of the team to ensure that targets and objectives are achieved and the business plan is delivered in line with the required policies, processes, procedures and systems

Policies, Processes, Systems and Procedures

  • Recommend and implement improvements to departmental policies, procedures and processes covering all areas of activity so that all relevant procedural requirements are fulfilled while ensuring that ADCB delivers best-in-class services, products and innovation

Continuous Improvement

  • Manage and motivate the team to ensure they contribute to, and participate in, the identification and implementation of change initiatives, programmes and projects in line with the bank’s standards

 

CANDIDATE REQUIREMENTS

Minimum Experience

  • At least 10 years of experience in operational risk or control and management

Minimum Qualifications

  • Bachelor’s Degree