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Specialist- Operational Risk Management (UAE National)

1.00 to 10.00 Years   Abu Dhabi , United Arab Emirates   06 Mar, 2023
First Abu Dhabi Bank
Job LocationAbu Dhabi , United Arab Emirates
EducationNot Mentioned
SalaryNot Mentioned
IndustryBanking /Accounting /Financial Services
Functional AreaNot Mentioned

Job Description

Key Roles & Responsibilties

  • Establishing, enhancing, embedding an effective ORM framework and Outsourcing governance framework.
  • Monitor & oversee the implementation of outsourcing initiatives within relevant business group from Operational risk perspective.
  • Should be capable of challenging the business on various outsourcing risks & controls with sound knowledge on the line function of the portfolio.
  • Articulate the residual risks vis--vis the overall risk appetite & risk mitigation strategy of the group and offer risk advisory to the front end business units.
  • Contribute & maintain to Outsourcing governance framework, methodology, procedure periodically.
  • Maintain outsourcing register in co-ordination with business lines and other involved stakeholders across group functions.
  • Provide risk advisory on outsourcing initiatives and other relevant projects to business stakeholders.
  • Ensure timely & periodic completion of outsourcing risk assessments of the functions in the business group.
  • Review and analyze the root cause of reported incidents in ORM system & escalate to line management as and when necessary.
  • Prepare loss data trend analysis and monitoring of loss approvals as per DOA in within the business group.
  • Review and monitor action plans agreed within the business group for outsourcing initiatives.
  • Prepare & assist in monthly dashboards & other relevant reports as necessary & mandate.
  • Undertake adhoc assignments from line management.
QualificationsJOB KNOWLEDGE SKILLS AND EXPERIENCE :
  • Graduate / Post-graduate / Management diploma in Business management
  • Management / Internal Controls / Operations
  • Proven experience in project handling and management with impeccable track record
  • Deep understanding of outsourcing models and risks involved
  • 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

Keyskills :

About Company

FAB, the UAE’s largest bank and one of the world’s largest financial institutions offers a an extensive range of tailor-made solutions, and products and services, to provide a customised banking experience. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.
Headquartered in Abu Dhabi, in Khalifa Business Park, the bank’s international network spans over 19 countries, across the world, providing the global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad. In line with its commitment to put customers first, to Grow Stronger, FAB will continually invest in people and technology to create the most customer-friendly banking experience and will support the growth ambitions of its stakeholders across the global network in which the bank operates.

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