• Develop operational risk policies and standards for the bank
• Work closely with the Head of Operational Risk Management in designing and implementing the Operational Risk Framework across the bank.
• Drive the implementation of Risk and Control Self-Assessment (RCSA) across various lines of business within the bank for departments and for new products as well as for the bank\xe2\x80\x99s outsourced vendors
• Track the actions captured within the RCSAs and ensure the implementation of the proposed actions within the designated timeframe
• Assist the business areas with the escalation and recording of Operational Risk events, challenge remedial and preventative actions to prevent reoccurrence as well as ensuring any customer issue is being handled and resolved on a priority basis to reduce any reputational losses to the bank
• Collect, review and report KRI\xe2\x80\x99s / Risk Appetite metrics, analyze and escalate in case of KRI threshold breach/irregular variance to identify the root case and enforce remedial and preventative actions.
• Ensure operational losses are written off in a timely manner and through the designated GL.
• Monitor and analyze the operational loss entries in GL on a periodic basis and send a monthly report to the Head of Operational Risk
• Work closely with various channels across the bank to recover any actual financial losses as well as taking appropriate actions to prevent any identified potential losses
• Review Bank policies and standard operating procedures to ensure adequate controls are embedded within the operational processes
• Evaluate and escalate critical and emerging operational risks to the Head of Operational Risk
• Review and update the ORM policies and procedure where applicable
• Develop detailed reports and presentations on operational risk matters for management and ORM Committee
• Work closely with relationship owners of the bank\xe2\x80\x99s outsource vendors to ensure full alignment to the bank\xe2\x80\x99s Vendor Risk Management policy and procedures as well as CBUAE regulations and enforces the completion of the requirements within the designated timelines
• Conduct an independent review of the EIBOR submission on a monthly basis as per the CBUAE requirement to ensure the rate submission is aligned to the bank\xe2\x80\x99s IRSG and CBUAE regulations

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