Associate Vice President – Service & Controls Rak Bank

Employer Active

Posted on 13 Oct

Experience

8 - 10 Years

Education

Bachelor of Arts

Nationality

Any Nationality

Gender

Not Mentioned

Vacancy

1 Vacancy

Job Description

Roles & Responsibilities

What You ll Be Doing :

  • Establish and maintain a strong control environment to minimize operational risks.
  • Ensure compliance with internal policies, regulatory requirements, and industry standards.
  • Conduct regular audits and reviews to identify and address control weaknesses.
  • Manage internal and external audit responses with supporting documentation.
  • Identify Key Risk Indicators (KRIs) across products and functions and define mitigants.
  • Support data sourcing for Conduct & Compliance governance, analytics, and reporting.
  • Prepare weekly/monthly risk reports for senior management.
  • Conduct follow-up reviews to ensure risk mitigation and process integrity.
  • Validate controls through sample checks, MIS reviews, and exception reporting.
  • Track implementation of interim and final mitigants, including automation initiatives.
  • Escalate residual high-impact risks to the Operations Risk Management Committee (ORMC).
  • Participate in internal and external risk review meetings.

Desired Candidate Profile

Education : Bachelor s degree in Finance, Business Administration, or a related field.

MBA or advanced degrees preferred.

Experience : Minimum 8 years of experience in banking operations, preferably in back-office functions.

Strong understanding of regulatory frameworks and risk management practices.

Certification in Risk Management or Compliance is a plus.

Industry Exposure : Proven experience in banking operations, risk governance, and control frameworks.

Customer Focus: Dedicated to delivering accurate and timely service aligned with Mission Zero culture.

Operational Excellence: Ability to identify inefficiencies and drive process improvements.

Risk Management: Skilled in assessing and mitigating operational and financial risks.

Project Management: Experience in leading initiatives related to governance and automation.

Data Analysis: Proficient in interpreting data to identify trends and risk indicators.

Leadership: Ability to foster a high-performance culture and motivate teams.

Problem Solving: Analytical mindset to resolve complex operational challenges.

Engagement: Effective collaboration with cross-functional teams and stakeholders.

Company Industry

Department / Functional Area

Keywords

  • Associate Vice President – Service & Controls

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