Associate Vice President –WBG Business Operational Risk Management, Treasury and Products

Job title: Associate Vice President –WBG Business Operational Risk Management, Treasury and Products

Company: RAKBANK


Job description: Company DescriptionAt 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.Associate Vice President –WBG Business Operational Risk Management, Treasury and Products serves as a representative of the Wholesale Banking Business within the first line of defence, supporting the WBG BORM for Treasury & Products.Join us in co-creating the future of RAKBANK!Job Description

• Ensuring the implementation of robust compliance control mechanisms within WBG through consistent monitoring of processes, procedures, and communications.
• Collaborating with various stakeholders to align controls with policies, product program guidelines, and internal standards, ensuring they remain effective in a dynamic business environment.
• Overseeing the successful management and completion of the Treasury & Products Risk and Control Self-Assessment.
• Actively support WBG BORM in first-line defense, ensuring protection against AML, sanctions, fraud, and operational risks.
• Identify and assess risks linked to WBG products, implementing controls for compliance with regulations, policies, and best practices.
• Assist in managing Business Operational Risk Council (BORC) meetings and tracking WBG risk metrics.
• Maintain dialogue with OR and Compliance teams to ensure WBG teams stay informed of policy changes, audits, and regulatory reviews.
• Support the completion of Treasury & Products Risk and Control Self-Assessment, ensuring oversight of key departmental risks.
• Recommend improvements to procedures, manage SLAs, and oversee risk-related metrics for Treasury & Products.
• Ensure timely submission of regulatory and internal reports, including MIR/QIR packs, OELM, and past-due annotations.
• Promptly escalate fraud incidents, track non-standard practices, and assess operational risks to minimize losses.
• Assist in developing AML, KYC, and fraud awareness programs, fostering a strong compliance culture within WBG.
• Review contingency plans and work on process improvements to strengthen operational risk management.
• Collaborate across departments to enhance transparency, share insights, and implement risk mitigation strategies.

Qualifications

• University degree or equivalent qualification
• Minimum of 10-12 years’ experience in banking or financial services specifically managing Treasury & Products related risk, with a focus on 1st Line of Defense.
• Relevant experience in business, operational risk, operations, business analysis or project management
• Knowledge of Treasury, Products related processes and systems.

Additional InformationWhat’s In It for You

• Pay for performance culture (Competitive and performance-linked compensation)
• Diverse workforce and inclusive culture
• Career development and growth opportunities by design
• Work with the best minds in the field
• Get opportunities to bring your whole self to the organization and perform to your best.

Expected salary:

Location: Dubai

Job date: Sat, 03 May 2025 22:00:03 GMT

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