• Commercial Bank International Jobs | Operational Risk Specialist, Dubai, UAE

    Commercial Bank International Jobs | Operational Risk Specialist, Dubai, UAE

    Location: Dubai - United Arab Emirates

    Job Description

    We are looking for a Operational Risk Control professional to conduct activities for the Business Units and other support Units under their purview to ensure day to day identification, mitigation of operational risks, development and assessment of controls.

    Duties and Responsibilities

    Your main responsibilities in this role include the following:

    • Perform day-to-day operational risk mitigations, control assessments, control ratings and control testing & enhancements.

    • Update the RCSAs with key controls duly assessed and tested for units under their scope of work.

    • Periodically update the risk profile of their respective areas with new risks and controls identified based on new products, policies, new systems, system changes, etc.

    • Perform reconciliation with external (CBUAE, External audit and any other Audit by external entities) and internal assurance (IA, Risk and Compliance) observations for effective RCSA development.

    • Develop a risk mitigation plan in conjunction with the BU process owner/ risk champions.

    • Report Control Testing results in a timely manner and Escalate High and Very High risks to Manager / OR Unit.

    • Update the periodic Key Risk Indicators (KRI) for all Business Units under their purview and report KRI breaches to Manager / OR Unit in a timely manner.

    • Review the accuracy of details on logged incidents, including the identification of the originating and impacted BU.

    • Work in collaboration with Head / Manager Controls and Governance to monitor the process of incident detection, ownership, communication, documentation, Root -Cause Analysis, resolution and incident closure.

    • Promote a strong culture of control awareness and risk mitigation in all dealings with the Business

    Job Requirements

    • Bachelor’s/Master’s degree.

    • 5-8 years in Banking, specializing in Operational Risk / Business Controls department

    • Operation Risk certification is prefered.

    Job Details

    Company: Commercial Bank International - CBI

    Employment Type: Full-time

    Job Location: Dubai, United Arab Emirates

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