Assistant Manager – Operational Risk Assessment

Job title: Assistant Manager – Operational Risk Assessment

Company: Dubai Islamic Bank


Job description: Job DescriptionJob Purpose:Conduct Operational risk assessment of the Bank’s departments in line with the Risk Management Framework, Regulatory requirements, Basel recommendations and international standards, in order to mitigate the operational risk.Key Responsibilities:Perform periodic Risk Assessment of all departments of the Bank in line with the Board approved Risk Management FrameworkDevelop and implement the Risk Assessments quality review plan of all departments of the BankReview drafted; new product programs, policies, procedures, proposed memos, in order to highlight gaps in controls & inefficiency in process flows.Represent Risk Management in the committees formed for launching new products, process cycle reengineering, new policies and procedures development, and any subsequent amendments thereof. Share proposals and concerns as well as suggestions to mitigate the identified risks.Liaise with Stakeholders to discuss inherent risks in the process, areas of concerns, assess overall residual risks of unresolved concerns and recommend enhancements.Review final documents stated above, highlight unresolved concerns, discuss with stakeholders and assess overall residual risks of unresolved concerns.Follow up with the concerned departments for the revision of the policies & procedures in order to present changes for stakeholders’ review and document changes through the Policies and Procedures departmentEnsure adherence of all documentation and activities as per the Bank’s SOPs, SLAs and regulatory & audit requirements.Ensure compliance with the approved policies, procedures, SLAs and regulatory requirements to maintain quality standards and ensure risk mitigation.Ensure all assigned tasks and projects are executed within the approved policies, procedures and SLAs of the department.Competencies/SkillsEducation:Minimum Bachelor’s degree in Economics / Accounting / Risk Management / Business Administration, Marketing, Banking, and similar subjects. Certifications in Risk Management, Process / System Audit, Marketing is preferred.Work Experience:At least 4-5 years of banking experience with relevant knowledge of Banking Operations & Products. Former experience in Risk Management / Process Audit / Products development is preferred.

Expected salary:

Location: Dubai

Job date: Thu, 16 Jan 2025 08:04:49 GMT

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