AVP- Operational Risk - International

 FAB, the UAE's largest bank and one of the world's most secure financial institutions, is dedicated to creating value for its employees, customers, shareholders, and communities. Through innovation, agility, and differentiation, FAB is committed to fostering growth. We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting and dynamic industry

JOB PURPOSE:

• The purpose of the job is to effectively manage Operational Risks the assigned business portfolio of the bank and and ensure timely & proactive escalation of issues to enable business units function efficiently.
• Individually contribute (IC) to the team in managing the assigned functions.
• To maintain independency of risk in challenging the business on matters of divergent views.

• Key Roles & Responsibilities:
• Lead and particpiate in the identification, assessment and prioritisation of operational risks across the assigned portfolio
• Develop and implement risk mitigation solutions to reduce the likelihood and impact of operational losses
• Contribute to develop, maintain and implement the operational risk policies, procdures and framework
• Conduct operational risk assessments for the new/amended products, processes and system flows
• Articulate the residual risks vis-à-vis the overall risk appetite & risk mitigation strategy of the group and offer risk advisory to the front end business units.
• Provide risk advisory to the business stakeholders on major projects in their portfolio
• Enhance coverage & quality of risk & controls library across units within the portfolio
• Ensure prompt completion of the RCSA through active review, challenge and validation
• Enrich KRI quality, reporting and validations and review breaches to fix the rootcause
• Review and analyze the root cause of reported incidents in ORM system  & escalate to line management  as and when necessary.
• Review and monitor action plans agreed with the business stakeholders
• Prepare loss data trend analysis and monitoring of loss approvals as per DOA in within the business group
• Train/coach the business stakeholders to spread awareness on operational risk management
• Prepare & assist in monthly dashboards & other relevant reports as necessary / mandated
• Stay updated on regulatory requirements and industry best practices for operational risk management
• Undertake adhoc assignments from line management

#LI-SD1

• Graduate / Post-graduate / Management diploma in Business management
• Minimum 7-9 years of hands on banking experience in Banking/Risk Management / Internal Controls / Operations
• Proven experience in project handling and management with impeccable track record
• Deep understanding of operational risk management
• Experience in developing and implementing Operational Risk Management framework and Internal Controls
• Relevant industry body certifications in Operational Risk, Anti-Fraud, InfoSec or BCM preferred
• Sound relationship management and influencing skills
• Strong analytical capabilities & problem solving
• Proactive self starter &  pragmatic solution driven expertise
• Team player & attention to detail /accuracy