Operational Risk Manager

7 months ago

Manama, Bahrain Arab Banking Corporation Full time

Arab Banking Corporation Manama, BahrainPosted 10 days ago Permanent Competitive

**Reports to**:Group Head of Operational Risk

**Job Purpose**:
To assist and facilitate the management of operational risk across ABC Group.

This includes:

- Engaging with the first line on risk management (identification of risks and appropriate mitigation strategies) starting from a good understanding of the business processes & products
- (Facilitation) of the implementation of the group-wide framework for management of operational risk in Bahrain and other Units;
- Supporting the risk management by the first line;
- Provide assistance to second line Risk Departments of Units;
- Overseeing the processes for identification and controlling of risks in existing and new activities and products
- Representing risk in efforts to launch new products, change processes, implement systems, etc.;
- Analysis of risk data and translating same in action plans;
- Reporting of risks and status of risk management;
- Preparation Operational Risk Committees;
- Raising awareness and promoting best practices for the management of operational risk.
- Assistance with the further development of the framework for the management of operational risk

The job holder needs to have a thorough understanding of the products and business processes, and be familiar with operational risk management practices and regulatory requirements. He should be able to articulate these and have meaningful discussions with internal and external stakeholders at various levels. He should also never lose sight of the “big picture” of the markets ABC is in and the overall trends in the financial industry as a whole.

**Principal Responsibilities, Accountabilities and Deliverables of Role**:
Operational risk management
- Facilitate the management of operational risk across the Units.

This includes (list is not exhaustive):

- (Facilitation of the) implementation of the group-wide framework for the management of operational risk;
- Organization and facilitation of risk management workshops (e.g. RCSA workshops, etc.);
- Coordination and facilitation of the implementation of the various risk management policies and procedures within the Units:

- Assistance with the identification of risks and the definition of appropriate controls;
- Assistance with development of action plans to mitigate risks;
- Challenging / testing the effectiveness of controls;
- Analysis of risk data such as loss events and other incidents, KRIs, etc. and ensuring that they are translated into appropriate action;
- Investigating risk events and incidents;
- Following up on completion of action plans;
- Review - and approve - local policies & procedures to ensure compliance with group standards and policies
- Provide day-to-day direction, guidance, training and support to the first line and second line of the Units for the management of operational risk.
- Ensure respect of the group-wide and local risk management policies and procedures and raising any exceptions to the appropriate decision level (Unit and group level).

Quality Control
- Quality control of the various ORM projects (i.e. the reliability of the results of the various risk management projects reported to the Operational Risk Committees and Board Risk Committees both at the local level and at the group level);
Change management
- Participate in the development of new products and change management projects (e.g. outsourcing of processes) to ensure that the inherent risks are assessed and mitigated prior to launch/implementation.

Cooperation with other risk and control functions
- Ensure that the management of operational risk is aligned to the management of other non-financial risks (Compliance, IT Risk, BCM, Audit)
- Cooperation with other risk and control functions of the Unit/group to ensure that all non-financial risks are adequately managed

Operational risk reporting
- Prepare / oversee the preparation of actionable (consolidated) risk reports for the various internal and external stakeholders.
- Reporting ORM matters to the local/group senior management, the local/group ORCO, the local/group Board Risk Committee, etc. and to the local (“host”) regulators.
- Reporting on the progress against the approved operational risk management planning;
- Development of operational risk policies and procedures
- Participate in the development of best practices for management of operational risk at the group level and at the Unit level to ensure that ABC group’s risk management processes are aligned to new regulations and evolving industry practices
- Acting as sounding board for new risk management initiatives considered at the group.

Raise awareness for operational risk - Training
- Conduct necessary training and provide guidance to the risk managers in the Unit, subsidiaries, branches and rep offices on all aspects of the management of operational risk management
- Disseminate - and explain - policies and procedures for the mana

  • Operational Risk Manager

    9 months ago

    Manama, Bahrain Emprego BH Full time

    **Reports to**:Group Head of Operational Risk **Job Purpose**: To assist and facilitate the management of operational risk across ABC Group. This includes: - Engaging with the first line on risk management (identification of risks and appropriate mitigation strategies) starting from a good understanding of the business processes & products -...

  • Operational Risk Manager

    24 hours ago

    Manama, Bahrain Citi Full time

    Background: Operational Risk Management (ORM) independently assesses significant operational risks, challenges, and drives business action to effectively manage those risks. Citi Bahrain comprises of multiple business and functions including BCMA, TTS, GSG, CCB, Markets and O&T. Objective: This position will be part of a high caliber team supporting the...

  • Operational Risk Manager

    9 months ago

    Manama, Bahrain Talent Pal Full time

    **Reports to**: Group Head of Operational Risk **Job Purpose**: To assist and facilitate the management of operational risk across ABC Group. **This includes**: Engaging with the first line on risk management (identification of risks and appropriate mitigation strategies) starting from a good understanding of the business processes &...

  • Cyber & IT Risk Manager

    7 months ago

    Manama, Bahrain Arab Banking Corporation Full time

    **Job Purpose**: To facilitate, monitor and oversee the management of Cyber & IT Risks (risks related to IT, Cyber/Information Security and Business Continuity) across ABC Group and to support the first line of defense (IT, Cyber/Information Security and Business Continuity) in their respective Risk domains. **Principal Accountabilities and Deliverables of...

  • Cyber & IT Risk Manager

    7 months ago

    Manama, Bahrain Arab Banking Corporation Full time

    Arab Banking Corporation Manama, BahrainPosted 1 day ago Permanent competitive **Job Purpose**: To facilitate, monitor and oversee the management of Cyber & IT Risks (risks related to IT, Cyber/Information Security and Business Continuity) across ABC Group and to support the first line of defense (IT, Cyber/Information Security and Business Continuity) in...

  • Fraud Risk Manager

    7 months ago

    Manama, Bahrain Arab Banking Corporation Full time

    **Job Purpose**: This is a middle management risk role within Group Fraud Risk Management responsible for supporting the fraud risk management function and assisting in fostering a culture of fraud risk prevention, detection, and response across ABC Group. The incumbent will be asked to: - Support the Head of FRM in the continual design, implementation and...

  • Fraud Risk Manager

    7 months ago

    Manama, Bahrain Arab Banking Corporation Full time

    Arab Banking Corporation Manama, BahrainPosted 1 day ago Permanent competitive **Job Purpose**: This is a middle management risk role within Group Fraud Risk Management responsible for supporting the fraud risk management function and assisting in fostering a culture of fraud risk prevention, detection, and response across ABC Group. The incumbent will be...

  • Mss Operations Risk

    10 hours ago

    Manama, Bahrain Citi Full time

    The goal of the Operations Line Control Oversight team is to develop and maintain a comprehensive process to proactively identify and reduce operational risk. As a senior member of the FXLM Operations Risk & Control team, the incumbent will be responsible for developing and maintaining comprehensive processes to identify and reduce operational risk; their...

  • Head of Risk

    1 week ago

    Manama, Bahrain Tap Payments Full time

    The Head of Risk heads the second line of defence, is a member of the senior leadership team, reporting to the Country CEO, and is responsible for the overall management of operational, financial, and compliance risks. Key Responsibilities - Ultimately responsible for overall risk management, as well as Customer Due Diligence, Anti-Money Laundering, and...

  • Market Risk Manager

    7 months ago

    Manama, Bahrain Arab Banking Corporation Full time

    **Job Purpose**: This is a senior position within the independent Market Risk team with responsibility to act as the back-up to the Head of Group Market Risk, providing quantitative analysis and insight, giving assurance to the bank’s senior management that all risks are being measured accurately and managed/controlled in line with risk appetite, meeting...

  • Market Risk Manager

    7 months ago

    Manama, Bahrain Arab Banking Corporation Full time

    Arab Banking Corporation Manama, BahrainPosted 4 days ago Permanent Competitive **Job Purpose**: This is a senior position within the independent Market Risk team with responsibility to act as the back-up to the Head of Group Market Risk, providing quantitative analysis and insight, giving assurance to the bank’s senior management that all risks are being...

  • Assistant Manager Fraud Risk

    4 months ago

    Manama, Bahrain Boot camp gym Full time

    a) Execute Fraud Risk Assessments as per methodology. b) Adhere to periodic fraud risk assessments plan. c) Identify, document and communicate fraud risks and control (preventive, detective and corrective) to stakeholders and obtain confirmation. d) Agree on control testing mechanism, frequency with stakeholders in alignment with bank’s operational Risk...

  • Risk Officer

    2 months ago

    Manama, Bahrain Bitoasis Full time

    **Company Description** Founded and headquartered in Dubai, the United Arab Emirates, BitOasis is a leading venture-backed, regulated virtual assets retail trading and custody platform for the GCC and wider Middle East and North Africa region. We are seeking a highly skilled and experienced Risk Officer to join our team in Manama, Bahrain. As a Risk...

  • Risk Management Executive

    1 week ago

    Manama, Bahrain stc bahrain Full time

    Job Objective Support in the execution of all Enterprise Risk Management and Business Continuity Management activities by engaging the respective action owners across all sectorsKey Responsibilities Follow up on the implementation of risk mitigation plans across all sectors Development of Risk Mitigation plans for newly identified risks in coordination...

  • Risk Management Executive

    1 week ago

    Manama, Bahrain Stc Full time

    Sector: Strategy & Governance Department: Strategy Management and Planning Country: Bahrain Location: Bahrain - Manama Contract Type: Full Time Job Objective: Support in the execution of all Enterprise Risk Management and Business Continuity Management activities by engaging the respective action owners across all sectors Key Responsibilities: Follow up...

  • Compliance Officer

    7 months ago

    Manama, Bahrain Arab Banking Corporation Full time

    ABC seeks to recruit a Compliance Officer - Governance and Risk Management in the Group Compliance Department. The Compliance Officer - Governance and Risk Management will be responsible for supporting the operationalization group-wide of the Bank ABC Compliance Framework and Compliance Methodology, including amongst others the Compliance Universe,...

  • Assistant Risk Manager

    2 months ago

    Manama, Bahrain Bank ABC Full time

    Assistant Risk Manager - Bank ABC Islamic Bank ABC seeks to recruit an Assistant Risk Manager in Bank ABC Islamic based in our Head Office, in Bahrain. The Assistant Risk Manager will be responsible to assist the Head of Risk & Credit Support to perform the role of the second line of defense through the governance, oversight,development and management...

  • Manager, Cash Operations

    2 months ago

    Manama, Bahrain Standard Chartered Full time

    **Key Responsibilities** **Strategy** - To deliver excellent client service and advice to our Corporate (Corporate & Institutional Banking) & Commercial Banking clients in all interactions for their post transactional enquiries, complaints, and other service-related issues. - Drive the Cash Management Operations Service Delivery Function in Bahrain. - To...

  • Risk Officer

    2 weeks ago

    Manama, Bahrain International Payment Services B.S.C Full time

    Designing and implementing an overall risk management process - Performing risk assessment - Performing risk evaluation - Create business continuity plans to limit the risks - Conducting policy and compliance audits - Building risk awareness among staff by providing support and training **Job Types**: Full-time, Permanent **Salary**: From BD75.000 per...

  • Risk Officer

    1 week ago

    Manama, Bahrain International Payment Services B.S.C Full time

    Designing and implementing an overall risk management process - Performing risk assessment - Performing risk evaluation - Create business continuity plans to limit the risks - Conducting policy and compliance audits - Building risk awareness among staff by providing support and training **Job Types**: Full-time, Permanent **Salary**: From BD750.000 per...