• First Abu Dhabi Bank - FAB Careers | VP-Operational Risk Job

    First Abu Dhabi Bank - FAB Careers | VP-Operational Risk Job

    Location: United Arab Emirates
    Published:

    Job Description

    The purpose of the job is to effectively manage Operational Risks in business functions on their day-to day activities and ensure timely escalation of incidents / issues to enable business units function efficiently. To maintain independency of risk in challenging the business on matters of divergent views.


    Duties and Responsibilities

    Your main responsibilities in this role include the following:

    • Establishing, enhancing, embedding an effective ORM framework and monitoring the implementation within relevant business group.

    • Should be capable of challenging the business on various risks & controls with sound knowledge on the line function of the portfolio that are assigned to the individual

    • 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.

    • Ensure timely completion of Risk & Control Self-Assessments (RCSA) & validation of control testing of the functions in the business group.

    • Assist the business functions within the group to set threshold levels for KRI and monitoring of KRI breaches & action plan implementation.

    • Review and analyze the root cause of reported incidents in ORM system & escalate to Head of Operational Risk as and when necessary.

    • Prepare loss data trend analysis and monitoring of loss approvals as per DOA in within the business group.

    • Review of process flows / procedures / vendor arrangements / outsourcing contracts / Product if any within the group to highlight control gaps from operational risk perspective

    • To facilitate Operational risk assessments for projects (ORAP) within the business group as and when necessary

    • Assist business functions within the group in day-to-day activities related to Operational Risk management and any other integration management activities.

    • Review and monitor action plans agreed within the business group

    • Prepare & assist in monthly dashboards & other relevant reports

    • Undertake adhoc assignments from Head of Operational Risk Management


    Job Requirements

    Job Details

    Company: First Abu Dhabi Bank - FAB

    Employment Type: Full-time

    Job Location: Abu Dhabi, United Arab Emirates

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