VP- Operational Risk and Control
Posted on :
09-07-2025
Employer Active
1 Vacancy
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Job Description
JOB PURPOSE:
The VP of Operational Internal Control & Governance will plan direct coordinate and oversee Operational Risk Framework in the Group Operation Credit administration and International Operations by improving the quality of Risk Assessments and Internal Controls. Consistently work independently towards enhancing operational efficiency as well as support in managing operational risk.
KEY ACCOUNTABILITIES:
- Develop and implement comprehensive operational risk management strategies to safeguard the banks assets and reputation.
- Lead the design and execution of effective control frameworks to ensure compliance with regulatory requirements and internal policies.
- Collaborate with senior leadership to establish risk appetite and tolerance levels aligning with overall business objectives.
- Provide strategic direction for the development and enhancement of risk metrics and key performance indicators (KPIs).
- Foster a risk-aware culture by promoting awareness education and training initiatives in Group Operations Credit Administration and International Operations
- Conduct regular risk assessments and control evaluations to identify emerging risks and implement proactive measures.
- Drive continuous improvement initiatives in operational processes to optimize efficiency and minimize risk exposure.
- Report to the Head of OICG on a regular basis regarding the state of affairs of the department Group Operation and Credit Administration.
- Assist Head of OICG - Operational Internal Control & Governance in recruitments and interview process.
- Provides constructive and timely performance evaluations of OICG staff.
- Oversee the identification assessment and mitigation of operational risks across various business units and processes.
- Lead and manage a team of managers and supervisors providing guidance coaching and support to drive performance and employee development.
Job Context
- Manage and govern effective implementation of OICG functional policies procedures and controls covering all areas of assigned department activity so that all relevant procedural/legislative requirements fulfilled while delivering a quality cost-effective service.
- Always demonstrate compliance to organisations values and ethics to support the establishment of a value drive culture within the bank.
- Implement robust tools / processes for identification of opportunities for continuous improvement and sustainability of systems processes and practices considering global standards productivity improvement and cost reduction.
- Assist in ensuring AML - Anti money laundering CBUAE - Central Bank Guidelines and other internal policies / procedures are strictly followed and any deviations are reported to levels prescribed.
Qualifications :
- Bachelors degree in a relevant field; advanced degree (MBA MSc) preferred or related discipline.
- Extensive experience (10 years) in operational risk management and control within the financial services industry
- Strong understanding of regulatory requirements and industry best practices related to operational risk
- Proven leadership skills with the ability to influence and collaborate at the executive level
- Excellent communication skills both written and verbal to articulate complex concepts to diverse audience
- Demonstrated experience managing and developing high-performing teams
- Professional certifications in the field of Operational risk management or equivalent are highly desirable
- Ability to thrive in a dynamic and fast-paced environment
Remote Work :
No
Employment Type :
Full-time
Employment Type
Full-time
Key Skills
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