Job Description
At 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.
As an Associate Vice President – Systems Monitoring & Assurance, you will be responsible for evaluating and ensuring the effectiveness and efficiency of compliance systems and processes. This role involves conducting risk assessments, compliance reviews, and performance evaluations to enhance system reliability, security, and operational effectiveness. The incumbent will collaborate with cross-functional teams to implement best practices, mitigate risks, and ensure compliance with relevant regulations and industry standards.
What You’ll Do:
- Develop and enforce system assurance methodologies and best practices.
- Recommend enhancements to security protocols and IT governance frameworks.
- Ensure ‘’lessons learnt’’ feed back into the process, trainings, policies, and procedures.
- Publish reports on a periodic basis and ensure planned reviews are completed within the given time frame.
- Track, follow up and support first line for closure of identified control gaps.
- Work closely with IT, security, and business teams to ensure alignment of system assurance objectives.
- Prepare and present reports on system performance, vulnerabilities, and remediation plans.
- Support leadership in decision-making by providing insights on system risks and opportunities.
- Plan and Lead system assurance reviews to assess the effectiveness, security, and compliance of IT systems.
- Identify and analyze risks associated with IT infrastructure, applications, and data management.
- Conduct internal systems reviews to evaluate adherence to policies, procedures, and regulatory requirements.
- Provide recommendations for corrective actions and monitor their implementation.
- Root cause analysis and remediation plans to be obtained from accountable stakeholders.
- Support with the preparation of the structured management information for reporting purposes.
- Track ineffective controls and related risk assessment of conformance testing results to ensure controls are operating effectively.
