About us: We are the largest Financial Services firm in the MENA region with international offices across Africa, Asia, Europe and the Middle East.
The incumbent will be responsible for leading the relationships with the business and support functions providing oversight, guidance and challenge to business activity in relation to all operational risk matters across the Group (Domestic, International and Subsidiary)
WWorking closely with the business to provide advice to enable effective risk management across a diverse set of business units and geographical locations. Ensure that the risk framework is well embedded across the business to ensure transparency of risks, issues and events.
Duties & Responsibilities:
Lead in the implementation of the 'International Bank Standard' Operational Risk Framework with the aim to improve the groups management of its operational risks
Increase the effectiveness of management's oversight by analyzing and reporting operational risk data.
Provide inputs in the Operational Risk Department's annual budgeting process.
Assist the Group Head ofAGM Group Operational Risk in preparing the Operational Risk Strategy that reflects the Group's tolerance for risk and present it to the GM, CRO for discussion/ review.
Distil insights and provide clarity on the top 10-15 most important or material operational risks to support risk-informed decisions at the executive committee level, ensure a risk dialogue among the management team, and enable proper risk oversight by the board
Promote a strong control culture and general awareness of risk management across the business.
Build and maintain strong and effective relationship with all senior management in departments and units to achieve the Group's goals/ objectives.
Utilise the group wide Operational Risk management system in line with updated framework and policy
Provide timely and accurate information to the external and internal auditors and the Compliance function as and when required.
Ensure that the risk framework is well embedded across the business and functions to ensure transparency of risks, issues and events.
Facilitate the running of the Operational Risk Committee ensuring delivery of strong papers which address key areas of risk and ensure good levels of debate from members.
Regularly contribute papers and commentary to governance committees ensuring the operational risk profile is clearly reported and understood.
Consolidate portfolio management data/ other MIS information received from the other operational risk sub-functions.
Liaise with their counterparts in the various subsidiaries for operational risk related MIS and reporting matters.
Produce adequate and accurate reports pertaining to operational risk and disseminate the same to the concerned business units/ senior management for their consideration/ action.
Education and Experience Requirements:
Bachelor degree preferably in finance, economics or related subjects.
Master and/or professional certifications such as CCSA is preferred.
Minimum of 10 years' experience in a major International bank of which at least 3 6 years in the development and execution of Operational risk Frameworks
Ideally a mix of both 1st, 2nd and 3rd line experience
Excellent oral and written communication skills in English and Arabic (preferred).
General knowledge of regulatory, political, reputational and environmental risk issues that would impact a complex financial services entity.
Knowledge of Basel II Accord, with particular emphasis on operational-related issues.
Excellent quantitative modelling, analytical, and research skills.
Experience in working with large and complex data sets.