Operational Risk Analyst - UAE National

Job PurposeManaging and maintaining an effective bank wide Operational Risk framework in line with regulatory guidelines and best practices.The role reports to Senior Manager - Operational Risk in the implementation and management of various Risk Management initiatives/frameworks covering identifying, measuring, monitoring, and controlling all types of risks, with primary emphasis on Incident Management and Conduct Risk.Job ResponsibilitiesConduct RiskAssisting the department in deployment of conduct risk framework by managing Conduct Risk incidents.Act as the key point of contact for conduct risk incidents recording across the Bank.Ensuring that the conduct risk management program effectively prevents and/or detects violation of law, regulations, internal policies, or the code of conduct.Assisting with the providing Conduct Risk MI for the preparation of preparing Conduct Risk management reports and dashboards, including milestone updates, initiatives, critical risk, CBUAE enquiries, policy updates etc. for senior management and Board consumption.Track and follow-up with all the stakeholders (across invest bank) on gap-assessment and compliance with conduct risk standards.Managing Conduct Risk tracker and periodically following up on action tracker with key stakeholders.Part of the team providing Conduct Risk awareness training for to the Bank’s Business Operational Risk Managers (BORMs).Support in preparation of consolidated conduct risk profile at the bank.Loss Events, Incidents & Issues and Actions managementEvents investigation and root cause report reviews.Control adequacy review and recommendations for enhancement to prevent future reoccurrence.Managing Operational Risk incident reports for accuracy (incident description, clarity, root cause & corrective actions.Consult with a variety of stakeholders to identify and manage Operational Risk Issues and Actions pertaining to the bank.Collaborate with all stakeholders to determine suitable remedial measures and their targeted completion deadlines.Follow-up on outstanding action items until they are fully completed and closed.Providing status update about loss event data for onward reporting.Maintenance of the Loss reporting system (IRA/ OPR), consolidating, and finalizing incident reports for consumption by different committees of the Bank.Assist with any new Operational Risk Loss data recording system to ensure effective integration, migration and mapping of data.KRIs & RCSAsSupport with reconciling the key Risk Indicators breaches data.Supports the Operational Risk department in the operational Risk and Control assessment project across the Bank.Support the department with inputs related to Products and Process Approvals (PPA) and Operational Risk Assessments (ORAPs) etc.Knowledge, Skills & ExperienceBachelor’s degree in business management, with preferable specialization in Finance or Accounting or any related specialization from reputed university.3-4 years of relevant experience in banking sectors, including at least 2 years in the similar position of progressively increasing managerial responsibilities in banking risk management function.#J-18808-Ljbffr