Discover your dream Career
For Recruiters

Senior Manager - Operational Risk - Risk Management

D360 Bank Riyadh, Saudi Arabia
Posted 27 days ago Permanent Competitive
Senior Manager - Operational Risk - Risk Management
Job Description

The position is responsible for the comprehensive management of operational risk, defined as the risk of loss caused by inadequate or failed processes, people, and systems or from external events. He/she will manage the capabilities to identify, measure, control, and monitor operational risk, providing an early warning system of the firm's key risk indicators. He/she identifies operating and residual risks related to various aspects of the organization's operations and ensures business resilience to enable business continuity. He works with internal stakeholders to establish risk criteria across operations functions, proposes controls that support risk mitigation plans, and develops risk reporting mechanisms.

Responsibilities

  • Develop and define department strategies, plans, and budgets, and ensure that this supports the function's and organization's strategic objectives.
  • Define operational risk management policies and procedures; develop methods for the measurement of operational risk exposure and RAROC across risk classes;
  • Ensure compliance with regulatory requirements on Operational Risk Management
  • Develop approval procedures and guidelines on operational risk limits by product/transaction
  • Participate in the evaluation of new products, services, and processes for their impact on the firm's operational risk profile and recommend specific process control targets for all new products/services as appropriate
  • Develop Operational Risk Management analysis reports, and ensure that information is reported to senior management and business heads
  • Provide counsel to business heads on operational risk management issues
  • Acts as the firm's liaison with external regulatory or legal bodies on operational risk management issues.
  • Oversee the implementation of the OPRISK system tool, and manage continuous development
  • Develop a Non-financial Risk Dashboard, highlighting major operational risk exposures and actions taken; facilitate Risk Assessment Workshops or expert risk assessments; work in cooperation with Internal Audit and Compliance.
  • Ensure that the SOPs are updated and that all staff are aware of the context in which to carry out their day-to-day duties
  • Enforce, incorporate, and comply with all necessary controls and related information security (EIS) policies, procedures, practices, training, reporting, personal due diligence and vigilance, within departmental/unit activities and operations

Qualifications

Preferred Qualifications
  • A tertiary-level qualification from an internationally recognized institution (say Mathematics, Statistics, Engineering, Mathematical Finance, or Economics)
  • Industry-recognized certifications in CFA or FRM are a plus.

Years & Nature of Experience
  • Would have 8 to 10 years of equivalent experience in Risk Management in the banking and financial services sector
  • As an individual contributor, would be the subject matter expert for a capability area or key process in their organization and would typically be the person to lead design work in their area
  • Has led technical or process areas in their area; excels at leading teams and worked effectively with other areas and stakeholders outside their function
  • If a manager of others has impacted team culture through their work
  • Has demonstrated ability to link technical contribution back to business impact for their team or area
  • Strong technology experience and understanding of IT and Cyber Risk (desirable)
  • Demonstrated proficiency in setting up and managing an operational risk capability and working effectively with stakeholders to implement operational risk management practices
  • Strong project management and implementation capabilities
  • Responsive and hands-on, self-motivated, skilled communicator, committed to building a best-practice Risk Management function that has the right balance in terms of control and business support.

Technical Competencies
  • Operational Risk Management
  • Business Risk Assessment
  • Corporate Governance
  • Crisis Management
  • Data Collection and Analysis

Behavioural Competencies
  • Communication
  • Decision Making
  • Problem Solving
  • Sense Making
Job ID  300000017893324
More Jobs From D360 Bank
Senior Manager - Privacy & Protection (DPO) - Risk Management
D360 Bank
Riyadh, Saudi Arabia
1 month ago Full time Competitive
Senior Associate - Fraud Risk Investigation - Risk Management
D360 Bank
Riyadh, Saudi Arabia
27 days ago Full time Competitive
Manager - Fraud Risk Investigation - Risk Management
D360 Bank
Riyadh, Saudi Arabia
27 days ago Full time Competitive
Associate - Access Identity Management - Risk Management
D360 Bank
Riyadh, Saudi Arabia
27 days ago Full time Competitive
Senior Manager - IT & Cyber Security Audit
D360 Bank
Riyadh, Saudi Arabia
27 days ago Full time Competitive
Director - Data Governance - Products
D360 Bank
Riyadh, Saudi Arabia
27 days ago Full time Competitive
Senior Associate - Site Reliability Engineer
D360 Bank
Riyadh, Saudi Arabia
5 days ago Full time Competitive
Associate - Banking Operations
D360 Bank
Riyadh, Saudi Arabia
17 days ago Full time Competitive
Senior Associate - Partnerships - Operations
D360 Bank
Riyadh, Saudi Arabia
22 days ago Full time Competitive
Senior Associate - Corporate Governance - Legal & Corporate Governance
D360 Bank
Riyadh, Saudi Arabia
27 days ago Full time Competitive

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Jobs
PER, Private Equity Recruitment
Vice President, Operational Risk Management, Private Equity Firm, Abu Dhabi, UAE
PER, Private Equity Recruitment
Abu Dhabi, United Arab Emirates
Doha Bank Qatar
Section Head - Operational Risk
Doha Bank Qatar
Doha, Qatar
PER, Private Equity Recruitment
Senior Associate/VP, Portfolio Risk Management, Private Equity, Abu Dhabi, UAE
PER, Private Equity Recruitment
Abu Dhabi, United Arab Emirates
Tabby
Head of Risk
Tabby
Riyadh, Saudi Arabia
PER, Private Equity Recruitment
Risk Oversight Manager, Global Investor, Abu Dhabi, UAE
PER, Private Equity Recruitment
Abu Dhabi, United Arab Emirates