Cyber & IT Risk Manager
10 hours ago
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 their respective Risk domains.
**Principal Accountabilities and Deliverables of Role**:
- Oversight/Monitoring of the implementation (progress) of policies and frameworks for IT, Information/Cyber Security and Business Continuity by the first line in Bank ABC
- Supporting Cyber & IT risk management processes in the first line (IT, Information/Cyber Security and Business Continuity) and in the second line (Risk Management department);
- Providing input from a Cyber & IT Risk perspective to proposals that are put forward to the New Products Committee
- Monitor the effectiveness of the controls implemented through the policies and frameworks for IT, Information/Cyber Security and Business Continuity in the units via Key Risk Indicators.
- Analysis of risk data and translating same in action plans;
- Reporting of risks and status of risk management;
- Raising awareness and promoting best practices for the management and oversight of Cyber & IT Risk
- Assist in review of Key Performance Indicators for IT, Cyber Security and Business Continuity
- Advise on Cyber & IT Risk matters (experts and non-experts)
- Analysis of the Cyber & IT Risks in proposals and advice on mitigating actions to remain within the risk appetite of the Bank
- Develop, improve and monitor Key Risk indicators
- Raise Issues and Action Plans and analyze Incidents
- Propose and perform Control Assurance when appropriate
- Produce easy to read reports with clear defined thresholds
- Draft slides with outcome of KRI’s and analysis
- Provide trainings / Share incident analysis
- Provide a Cyber & IT Risk watch especially on emerging technologies
**Job Context (Circumstances & environment surrounding the job)**:
Cyber & IT risks are considered among the top 3 risks for financial institutions (Cyber risk being a systemic risk). Regulators are more and more stringent with regards these risks that may lead either to a fraud or to a disruption of the financial ecosystem.
Against this backdrop Bank ABC has decided to further strengthen its 2nd line of defence Cyber, IT & Fraud Risk management function, manned by specialists.
The position of Cyber & IT Risk Manager is a new position.
**Job Requirements**:
Knowledge
- Extensive knowledge of the IT Risk, IT Audit, IT Security (incl. Cyber) and/or Business Continuity
- Practical working experience with IT risk & control frameworks;
- Broad knowledge of operational risk disciplines, IT Risk, Information Security, Business Continuity and Disaster Recovery;
- Relevant knowledge of industry process, control and risk frameworks, e.g. CMMi, ITIL, COBIT, ISO 2700x, NIST, ISO22300, CIS20;
Education / Certifications
- Master degree from a reputable university
- Formal academic credentials related to IT Risk (IT, Information (Cyber) Security, Risk Management, Business Continuity);
- Appropriate qualifications (CISM, CISA, CISSP, CRISC or equivalent).
Experience
- At least 5 years of relevant work experience
Personal Attributes
- Strong written & oral communication / presentational skills;
- Good time-management skills;
- Self-started / Pro-active
- People management and relationship skills;
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