Role: Operational Risk Analyst
Location: UAE
Role Purpose:
- This is a risk management role, responsible for developing a centre of excellence for Operational Risk Management (ORM).
- The incumbent will work closely with the BORM to support the implementation of the ORM Framework and support the Senior Manager Operational Risk Management in providing challenge and oversight on the output of the framework tools.
- The role will be responsible for managing and maintaining the GRC system and requires a proactive and confident individual, with 2-3 years’ experience in risk management, banking activities and systems management, who can communicate and build strong relationships across the wider business.
Key Accountabilities of the role:
Strategy, Framework and Control Governance:
- Support implementation of the Operational Risk Management policy and procedure within ADIB Group.
- Support business units in identification and timely logging of incidents through ORM system, root cause analysis of incidents, ensure timely documentation & communication and booking of operational losses (write-off / provision) through activation of GLs.
- Identification and assessment of key operational risk exposures through ORM system, management of issues and timely implementation of actions.
- Support the business units in the Key risk indicators identification and assessment.
- Support the business in updating and monitoring Operational risk data using the Group Operational Risk Management platform.
- Support in the review of business units’ policies & procedures change management and advisory assignment.
Program Management:
- Support the implementation and sustainment of ORM program and tools such as Risk & Control Self-Assessment (RCSA), Key Risk Indicators (KRIs), Issues & Action Management etc.
Training & Awareness:
- Assist in developing training material and in conducting training sessions relating to ORM policies and tools to ensure adequate understanding and awareness throughout ADIB Group.
- Provide GRC system related (technical) training to business units as and when required.
GRC System Management:
- Define user roles & permissions, monitor system performance, apply upgrades, provide support, troubleshoot errors, and escalate complex issues.
- Configure risk, compliance, and control frameworks, customize workflows, reports, and dashboards, support system integration, manage data import/export, integrity, mapping and migration.
- Support audit requests, generate logs, access reports, create user guides, SOPs and technical training material.
- Generate reports, dashboards and audit trails, and act as liaison between risk, compliance and IT departments for planning and implementation of GRC enhancements or new modules.
Specialist Skills / Technical Knowledge, Technical Competencies Required for this role:
- Bachelor’s Degree. Post Graduate Diploma or Master’s Degree preferred.
- Risk and control experience in a large Financial Institution.
- Awareness of leading operational risk practices and regulatory requirements.
- Strong presentation and communication (verbal and written) skills.
- Understanding of banking processes and products.
- Understanding of Islamic Banking’s products, processes, and organization
- Advanced Computer skills (e.g. Microsoft Office Suite)
Previous experience:
- Bachelor’s Degree with 2-3 years of industry experience preferred.