Job Description

Roles & Responsibilities

Bank ABC seeks to recruit an Assistant Manager, Operational Risk in the Group Operational Risk Management Department based in our Head Office, in Bahrain.

The Assistant Manager, Operational Risk will be required to contribute to the development and implementation of operational risk framework across the ABC Group and provide second-line oversight and challenge to the management of operational risk by the first line, across the group and in Bahrain.

This includes:

Engaging with the first line on identification, assessment, and mitigation of operational risk
Facilitate implementation of the group-wide framework for management of operational risk in Bahrain and other Units
Collaborate with other second line non-financial Risk Departments on matters related risk management
Representing risk in efforts to launch new products, change processes, implement systems, etc.
Analysis of risk data and translating same in action plans
Reporting of risks and status of risk management
Preparation for Operational Risk Committees
Raising awareness and promoting best practices for the management of operational risk.
Assistance with the further development of the framework for the management of operational risk

Responsibilities of the role:
Reporting to the Operational Risk Manager, the job holder will be responsible for the following:

Draft the Group Policies, Standards and Procedures (PSPs) and supporting tools and ensure effective implementation through providing training
Facilitate the management of operational risk across the Units.
Implementation of the group-wide framework for the management of operational risk;
Organization and facilitation of risk management workshops;
Coordination and facilitation of the implementation of the various policies and procedures in the Units
Assistance with the identification of risks and the definition of appropriate controls;
Assistance with development of action plans to mitigate risks
Challenging / testing the effectiveness of controls;
Analysis of risk data such as loss events and other incidents, KRIs, etc. and ensuring that they are translated into appropriate action;
Investigating risk events and incidents;
Following up on completion of action plans
Review - and approve local policies & procedures to ensure compliance with group standards and policies
Provide day-to-day training and support to the first and second line and the Units for the management of operational risk.
Develop and conduct training on Operational Risk for various stakeholders
Responsible for various Initiatives including Incident Management, Key Risk Indicators, RCSAs as required etc
Involved with the ICAAP Process in order to assess adequacy of operational risk capital

Areas of Knowledge, Qualification and Experience

A minimum of 5 years of relevant banking experience.
Bachelor/ Master s degree from a reputable university or acceptable equivalent
Extensive second-line experience providing operational risk oversight in a global/ regional bank.
Advanced level understanding of business processes, business applications, technology infrastructure related to commercial credits and/or trade finance and/or trading & sales business, risk or support function gained preferable through first line experience
Excellent understanding of the CBB requirements for Operational Risk Management (OM-1) and familiarity with international regulatory environment in different countries where ABC group operates, best practices and industry standards (COSO, ISO)
Advanced knowledge of operational risk discipline, and various non-financial risk types including information security, business continuity and disaster recovery, compliance, third-party etc;
Strong practical experience developing and implementing risk and control frameworks, tools, and methodologies
Strong written & oral communication / presentation skills;
Proficient in English & Arabic
Good time-management skills;
Driven, Self-motivation and leadership attributes;
People management and relationship skills;
Experience leading business critical projects

Assistant Manager, Operational Risk
Arab Banking corporation

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