Carryout an in-depth risk assessment (ad hoc) and the ongoing monitoring of operational risk indicators
Advising the Governing Body or Senior Management of risks to which the Firm, its representatives, customers, and businesses might be exposed.
Establishing internal risk policy and structures for business units.
Management and setting of the Risk Framework including Risk Appetite Framework, Limits and Control Measures, Risk Reporting and Analytics
Establish adequate risk management processes, resources, and infrastructure to identify, measure and provide proper monitoring, reporting and management of risks relating to the company\'s commercial activities.
Automating and streamlining the internal system inside the Market Risk, Trade control & Operational risk teams and working closely with the IT department to ensure systems enhancements are implemented accordingly.
Responsible for drafting, implementing, and maintaining the following documents: risk management procedures, risk assessment matrix (Risk register), risk monitoring program and periodic risk management report.
Cover Business Performance /Strategic Risk, Credit Risk, Operational risk, Political Risk, Economic and Reputational Risk and other non-Financial Risks across the Branch
Qualifications:
10 years+ experience in an Operational risk function in both 1LoD and 2LoD Management in a Private Bank or Wealth Management unit of an international financial institution preferably within the DIFC or similar.
Knowledge of financial services laws and regulations within the DIFC. Awareness of overseas regulations and international private banking best practices is a plus.
Ability to manage to front office relationships as well as stakeholders
Experience of DFSA Rules and Regulations
Good understanding of banking and securities laws in the Middle East to support compliance advisory for cross border dealings.
Experience in handling queries from and dealing with DFSA and other regulatory bodies.
Hands-on, good analytical and investigation skills and able to work independently
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