jobs
Jobs in Kuwait - career in Kuwait - vacancies in Kuwait-Operational Risk Manager - Career Hunters-Jobs in Kuwait - career in Kuwait - vacancies in Kuwait
Purpose & Scope:
Responsible for embedding the Operational Risk Management framework across Bank while ensuring that the three lines of defense model is properly adopted into the organization. This role would require close interaction with the Group Internal Control Unit (GICU).
Key Responsibilities:
• Support and assist the Group Head of Operational Risk Management in developing a comprehensive framework for Operational Risk Management and ensuring that it is properly embedded in the organization.
• Coordinate with Group Internal Control Unit in order to ensure that all material incidents are properly investigated and root cause analysis performed with appropriate corrective actions taken.
• Contribute to the development of the reporting capability of the Operational Risk Management function and the development of the Operational Risk components within the Risk Dashboard.
• Demonstrate capability in managing change by getting involved in relevant projects/initiatives in order to provide subject-matter expertise as and when required.
• Contribute in the development of forward-looking leading risk indicators for Operational Risk Management.
• Participate and contribute actively to the Management Control Self Assessments (MCSAs) workshops across the bank.
• Recommend changes to the control environment or to business practice to reduce the level of operational risk exposures.
• Assist GICU periodically with the assessment of each Business Unit’s operational risk profile and maintain alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors.
• Periodically review operational risk assessments to ensure these appropriately reflect changes in environment, mitigating controls and the progress of treatment plans, in coordination with GICU.
• Assist in the development of a comprehensive Risk Register for the Bank and ongoing maintenance.
• Contribute to the preparation of a clear and concise Operational Risk update to the quarterly Board Risk Committee meetings.
• Challenge the Business about the level of operational risks that they are running and capture evidence to that effect. Review and challenge the existing process to identify the gaps on Systems Design, Systems Control, Process Design and Process Control.
• Ensure effectiveness of controls for compliance monitoring and risk management. Challenge the completeness of risk identification, monitoring and control activities and identify/address any significant gaps that may exist between them & ensure compliance with Operational Risk policy & procedures.
• Provide oversight over the day-to-day management of operational risks in the first-line-of-defense and recommend areas for improvement.
• Provide recommendations & share best practices with the Operational Risk teams across the subsidiaries and consider the appropriateness of any exceptions used by the subsidiaries over Group Operational Risk policies and procedures.
• Assist in the development of Operational Risk models for Capital Adequacy purposes.
• Maintain updated knowledge of rules, regulations and standards in the field and related matters of interest to the department & the Bank.
• Generates and escalates periodic and requested reports ensuring accuracy and timely delivery.
• Participate in the various cross-functional committees/teams for multiple purposes to achieve optimal cooperation and to assume seamless quality service.
• Perform other duties in line with scope of work and as instructed by the direct manager
Job Details
| Date Posted: |
2017-04-20 |
| Job Location: |
Al Kuwait, Kuwait |
| Job Role: |
Finance and Investment |
| Company Industry: |
Banking |
Preferred Candidate
| Career Level: |
Management |
| Nationality: |
United Arab Emirates; Bahrain; Djibouti; Algeria; Egypt; Iraq; Jordan; Comoros; Kuwait; Lebanon; Libya; Morocco; Mauritania; Oman; Palestine; Qatar; Saudi Arabia; Sudan; Somalia; Syria; Tunisia; Yemen |
| Degree: |
Bachelor's degree |
Jobs in Kuwait - career in Kuwait - vacancies in Kuwait-Operational Risk Manager - Career Hunters-Jobs in Kuwait - career in Kuwait - vacancies in Kuwait
Post a Comment