Requirements
5-6 years experience in handling Operational Risk as a core function within the second line of defense. Knowledge of digitalized processes, systems, and payment systems is required. Familiarity with PCI DSS and CB payment platforms is an advantage. Strong coordination and presentation skills are beneficial.
Description
Operational Risk/ Fraud Specialist will be responsible to coordinate and manage the Operational Risk and Fraud Risk Controls function of the bank that encompasses all processes including digital and manual controls. The incumbent is expected create coordinate and update plans under Operational Risk Management and BCP. Key responsibilitiesCoordinate, execute tasks under Operational risk management function which encompasses.Contribute to new product development process in coordination with business (first line of defense)Conduct risk assessments RCSA coordinating with business and oversight stakeholders under a new initiative product or service.Conduct annual risk control self-assessments (RCSA) with departments.Assist business in submitting Incidents and consolidate incidents within the Operational Risk for assessment and reporting.Establish KRI (Key risk indicators) with department and ensure they are monitored and reported on a regular basis, including digitalized platforms.Review processes: controls and risks, identify risks, recommend, and implement appropriate measures and controls.Assist business to conduct screening, risk assessments and materiality assessments for outsourcing under the third-party risk management policy.Implement the banks BCP policy covering BIA (Business Impact Analysis), BCP (Business Continuity plans), Emergency plans and Crisis Management plans.Coordinate BCP related activities across all departments of the bank.Conduct continual testing of BCP in coordination with business and related departments.Conduct trainings and awareness sessions covering Operational Risk, Fraud Risk (governance) and BCPSubmit periodic progress updates on implementation of Operational risk and BCP.Consolidate Fraud risk Database for internal purposes and CB reporting.Proficiency in English. Arabic as a strong advantageAssisting Head of Risk in consolidating reports by submitting details on Operational Risk and BCPEnsure as applicable all regulatory requirements including Sharia requirements are complied with under all activities covered under Operational Risk.What you will need to succeed5-6 years experience in handling Operational Risk as core function within second line of defenseKnowledge of digitalized processes and systems including payment systemsKnowledge on related standards with payment (PCI DSS, CB payment) platforms an added advantageConvincing in nature and to be effective in coordinating activities across numerous business departments.Presentation skills will be an added advantage.If you areinterested in this role, click apply now and forward an up-to-date copy of your CV and contact details.