Operational Risk Manager

3 weeks 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

    4 weeks 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

    4 weeks 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

    4 days 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...

  • Risk Officer

    7 days ago

    Manama, Bahrain Alyousuf Exchange Full time

    **Job Summary**: The Risk Officer at Alyousuf Exchange is responsible to oversees the development and implementation of a robust risk management program, ensuring compliance with regulatory requirements, particularly those mandated by the Central Bank of Bahrain and other government authorities. And evaluate risk management processes, provide updates to the...

  • Fraud Risk Manager

    4 days 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...

  • Compliance Officer

    3 days 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,...

  • Avp, Risk Reporting Lead

    4 days ago

    Manama, Bahrain Arab Banking Corporation Full time

    **Job Purpose** - To support the team technically in various models and systems. - To support in the daily production of various risk reports and Grp portfolio. - Support the team in the various projects as need it. - Continuously enhance the reporting platform to capture the bank risk. **Principal Responsibilities, Accountabilities and Deliverables of...

  • Avp, Risk Reporting Lead

    7 days ago

    Manama, Bahrain Arab Banking Corporation Full time

    -Arab Banking Corporation Manama, Bahrain Posted 1 hour ago In-Office Permanent Competitive **Job Purpose** - To support the team technically in various models and systems. - To support in the daily production of various risk reports and Grp portfolio. - Support the team in the various projects as need it. - Continuously enhance the reporting platform to...

  • Vp Market Risk

    4 weeks ago

    Manama, Bahrain Emprego BH Full time

    Key Responsibilities: - Assess the adequacy of the Market Risk control framework and define / refine the processes, ensuring all relevant risks are monitored and controlled - Provide middle office analysis, reporting and support to the senior management - Provide hands on support and solutions to the wider business - Periodical vetting of Market Risk...

  • Associate Partner Risk

    2 days ago

    Manama, Bahrain Think Global Recruitment Full time

    Are you ready to embark on an invigorating journey in the world of Risk Advisory? We have a rare opportunity for you to elevate your career with a globally renowned Big Four practice in the enchanting land of Bahrain! Step into a world where rich history meets cutting-edge progress, and where you, as an Associate Risk Partner, will leverage your expertise...

  • Head of Treasury Operations

    4 days ago

    Manama, Bahrain Arab Banking Corporation Full time

    -Arab Banking Corporation Manama, Bahrain Posted 43 minutes ago Permanent Competitive - R - POSTED BY - Ronza Saif - RecruiterFollow - To plan, organize and control the operational resources of the Treasury Operations team on a day to day basis, in order to ensure effective oversight of the Treasury Front Office and minimize operational risk to the bank. To...

  • Head of Treasury Operations

    4 days ago

    Manama, Bahrain Arab Banking Corporation Full time

    R- POSTED BY - Ronza Saif- RecruiterFollow To plan, organize and control the operational resources of the Treasury Operations team on a day to day basis, in order to ensure effective oversight of the Treasury Front Office and minimize operational risk to the bank. To ensure that all operational activities are executed in a manner that delivers a quality...

  • Demand & Supply Planner

    2 days ago

    Manama, Bahrain Nestle Operational Services Worldwide SA Full time

    *** Nestlé Bahrain is looking for an expert in leading bottom-up consensus demand plans in Country through an efficient alignment across stakeholders, while ensuring supply by providing visibility and coordinating with different functions for on time availability. **_ - **A DAY IN THE LIFE ** - Leading Pre-Alignment meeting in Country through an efficient...

  • Quality Operation

    4 days ago

    Manama, Bahrain Capita Technologies W.L.L Full time

    **Role**: Quality & Process Consultant (Operations, Service Quality, Policy, Documentation) Capita Technologies is looking for a Senior Manager with a proven track record of 8 years in successfully leading and optimizing operations in dynamic environments. Adept at implementing strategic initiatives to enhance efficiency, streamline processes, and maximize...

  • Operations Manager

    3 days ago

    Manama, Bahrain The 1 Percent Full time

    Key Responsibilities: - Develop and implement operational strategies, policies, and procedures to optimize efficiency and effectiveness across all departments. - Oversee daily operations to ensure smooth and efficient workflow, timely delivery of products and services, and adherence to quality standards. - Manage and coordinate operational activities. -...

  • Avp, Senior Auditor

    4 weeks ago

    Manama, Bahrain Emprego BH Full time

    **Job Purpose**: To support Group Audit in providing assurance to Senior Management and the Audit Committee on the adequacy and effectiveness of internal controls primarily related to all aspects of Wholesale Banking, Financial Markets, Treasury and Retail Banking operations in Bahrain. It includes: Delivery of audit assignments in line with the annual plan...

  • Assistant Manager

    4 days ago

    Manama, Bahrain Arab Banking Corporation Full time

    To assist the Group Business Continuity Management (BCM) Manager and team in the implementation of BCM activities across Bank ABC Group. **Principal Responsibilities, Accountabilities and Deliverables of Role**: BCM Strategy: assist with the definition and recommendation of the BCM Framework for all Units / Departments across Bank ABC Group Implementation...

  • Internal Audit and Risk Associate Partner, Bahrain

    2 days ago

    Manama, Bahrain Think Global Recruitment Full time

    Internal Audit and Risk Leaders - An exceptional invitation awaits you to embark on a career-defining journey as an Associate Partner in a renowned Big Four firm based in the heart of Bahrain. Imagine blending your professional expertise with the rich cultural tapestry and thriving business environment of Bahrain, where your career isn't just a job; it's an...

  • Investment Manager

    7 days ago

    Manama, Bahrain The 1 Percent Full time

    **Role Responsibilities**: - Develop investment strategies and policies. - Manage funds across different accounts. - Conduct extensive macroeconomic research and trend analysis for investment opportunities - Review acquisitions financial and operating reports and analyse impact & success rate of the acquisition. - Conduct business analysis, risk...

  • Operations Manager

    3 days ago

    Manama, Bahrain Park Point wll Full time

    **Job description** Roles & Responsibilities: Plan, organize, and manage the work of subordinate staff to ensure that the work is accomplished in a manner consistent with organizational requirements. Interpret parking, settlement methods, safety regulations, company policies and procedures for subordinates. Monitor operations to ensure that staff members...