Senior Operational Risk Manager

Operational Risk Management is a critical function that requires a skilled professional to oversee and manage the operational risks within an organization. This role is responsible for contributing to the development and implementation of operational risk frameworks, providing second-line oversight and challenge to the management of operational risk by the first line, and ensuring that all non-financial risks are adequately managed.

The ideal candidate will have a minimum of 5 years of relevant banking experience, with extensive second-line experience providing operational risk oversight in a global or regional bank. They should possess advanced knowledge of business processes, business applications, technology infrastructure related to commercial credits and/or trade finance and/or trading & sales business, risk or support function gained preferably through first line experience.

The role involves drafting Group Policies, Standards and Procedures (PSPs) and supporting tools, facilitating the management of operational risk across Units, implementing the group-wide framework for the management of operational risk, organizing and facilitating risk management workshops, and coordinating and facilitating the implementation of various policies and procedures in Units.

• Key Responsibilities:
• Drafting PSPs and supporting tools
• Facilitating operational risk management
• Implementing group-wide framework for operational risk management
• Organizing and facilitating risk management workshops
• Coordinating implementation of policies and procedures
• Assisting in identification of risks and definition of controls
• Developing action plans to mitigate risks
• Challenging effectiveness of controls
• Analyzing risk data and translating into action
• Investigating risk events and incidents
• Following up on completion of action plans
• Reviewing and approving local policies and procedures
• Providing day-to-day training and support
• Developing and conducting trainings on operational risk
• Responsible for various initiatives including incident management, key risk indicators, and RCSAs
• Involved in ICAAP process to assess adequacy of operational risk capital
• Engaging on process improvements and enhancements
• Quality control of ORM projects
• Participating in review of new products and change management projects
• Ensuring alignment of operational risk management with other non-financial risks
• Cooperating with other risk and control functions
• Analyzing data related to operational risk
• Preparing actionable risk reports
• Reporting ORM matters to senior management and regulators
• Developing trainings and providing guidance to risk managers
• Disseminating policies and procedures to stakeholders
• Serving as point of contact for external auditors and regulators
• Carrying out ad hoc tasks as directed by Senior Management

Requirements:

• A minimum of 5 years of relevant banking experience
• Bachelor/ Master's degree from a reputable university or acceptable equivalent
• Extensive second-line experience providing operational risk oversight in a global/ regional bank
• Advanced level understanding of business processes, business applications, technology infrastructure related to commercial credits and/or trade finance and/or trading & sales business, risk or support function gained preferable through first line experience
• Excellent understanding of CBB requirements for Operational Risk Management (OM-1) and familiarity with international regulatory environment in different countries where the group operates, best practices and industry standards (COSO, ISO)
• Advanced knowledge of operational risk discipline, and various non-financial risk types including information security, business continuity and disaster recovery, compliance, third-party etc;
• Strong practical experience developing and implementing risk and control frameworks, tools, and methodologies
• Strong written and oral communication/presentation skills
• Proficient in English and Arabic
• Good time-management skills
• Driven, self-motivation, and leadership attributes
• People management and relationship skills
• Experience leading business critical projects