Operational Risk/ Fraud Specialist

Overview

Key Responsibilities

• Coordinate, execute tasks under Operational risk management function which encompasses.
• Contribute to new product development process in coordination with business (first line of defense)
• Conduct risk assessments RCSA coordinating with business and oversight stakeholders under a new initiative product or service.
• Conduct annual risk control self-assessments (RCSA) with departments.
• Assist business in submitting Incidents and consolidate incidents within the Operational Risk for assessment and reporting.
• Establish KRI (Key risk indicators) with department and ensure they are monitored and reported on a regular basis, including digitalized platforms.
• Review processes: controls and risks, identify risks, recommend, and implement appropriate measures and controls.
• Assist business to conduct screening, risk assessments and materiality assessments for outsourcing under the third-party risk management policy.
• Implement the banks BCP policy covering BIA (Business Impact Analysis), BCP (Business Continuity plans), Emergency plans and Crisis Management plans.
• Coordinate BCP related activities across all departments of the bank.
• Conduct continual testing of BCP in coordination with business and related departments.
• Conduct trainings and awareness sessions covering Operational Risk, Fraud Risk (governance) and BCP
• Submit periodic progress updates on implementation of Operational risk and BCP.
• Consolidate Fraud risk Database for internal purposes and CB reporting.
• Proficiency in English. Arabic as a strong advantage
• Assisting Head of Risk in consolidating reports by submitting details on Operational Risk and BCP
• Ensure as applicable all regulatory requirements including Sharia requirements are complied with under all activities covered under Operational Risk.
• What you will need to succeed
• 5-6 years’ experience in handling Operational Risk as core function within second line of defense
• Knowledge of digitalized processes and systems including payment systems
• Knowledge on related standards with payment (PCI DSS, CB payment) platforms an added advantage
• Convincing in nature and to be effective in coordinating activities across numerous business departments.
• Presentation skills will be an added advantage.
• If you are
• interested in this role, click ‘apply now’ and forward an up-to-date copy of your CV and contact details.