Position: Operational Risk Senior ConsultantDomain: ConsultingClient : BankLocation - Abu DhabiExperience: Minimum 3 - 5 years of experience in Risk Management.Contract Period - 6 months, extendable to another 6 monthsJoining - Immediate without notice period.Key Responsibilities:
Assist the CRO in implementation of Operational Risk (Ops risk) Framework within the bank.
Closely liaise with various departments \xe2\x80\x93 Compliance, finance and IT to ensure smooth and effective implementation of the Ops risk framework.
Prepare / update Ops risk policy, manuals and setting up of monitoring frameworks for Ops risk.
Prepare periodic MIS reports including the Ops risk board pack.
Detailed responsibilities:
Identify the Process universe (identifying all processes in a bank) by liaising with departments for their submission.
Update the Risk register of RCSAs by liaising with departments to obtain their proposed RCSAs and evaluate them.
Need to assist some of the bank\xe2\x80\x99s staff on how to identify process risks or how to do required control testing.
Update BCP policy including creating Business Impact Analysis (BIA) for different departments and conduct BCP testing including DR drill.
Update Risk governance and management policy including RAS.
Prepare MIS on RAS and other items in Risk department to send to Board Risk Committee and prepare Board risk reporting pack.
Closely work with department heads to identify if any gaps exist in Bank\xe2\x80\x99s Corporate Governance and Risk Management Frameworks.
Assist the CRO in preparing a road map for remediation of gaps if any identified.
Keep track on all the planned activities of the risk department and prepare periodic progress status report.
Create and maintain trackers for periodic updates to RSCA, KRI and control testing activities etc