Company DescriptionFAB, the UAE\'s largest bank and one of the world\'s most secure financial institutions, is dedicated to creating value for its employees, customers, shareholders, and communities. Through innovation, agility, and differentiation, FAB is committed to fostering growth. We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting and dynamic industry JOB PURPOSE:

• The purpose of the job is to effectively manage Operational Risks in Outsourcing initiatives of the bank and and ensure timely & proactive escalation of issues to enable business units function efficiently.
• Individually contribute (IC) to the team in managing the assigned functions.
• To maintain independency of risk in challenging the business on matters of divergent views.

KEY ACCOUNTABILITIES:

• Supporting and enhancing, embedding an effective ORM framework and Outsourcing governance framework.
• Monitor & oversee the implementation of outsourcing initiatives within relevant business group from Operational risk perspective.
• Should be capable of challenging the business on various outsourcing risks & controls with sound knowledge on the line function of the portfolio.
• Articulate the residual risks vis-\xc3\xa0-vis the overall risk appetite & risk mitigation strategy of the group and offer risk advisory to the front end business units.
• Contribute & maintain to Outsourcing governance framework, methodology, procedure periodically.
• Maintain outsourcing register in co-ordination with business lines and other involved stakeholders across group functions.
• Provide risk advisory on outsourcing initiatives and other relevant projects to business stakeholders.
• Ensure timely & periodic completion of outsourcing risk assessments of the functions in the business group.
• Review and analyze the root cause of reported incidents in ORM system & escalate to line management as and when necessary.
• Prepare loss data trend analysis and monitoring of loss approvals as per DOA in within the business group.
• Review and monitor action plans agreed within the business group for outsourcing initiatives.
• Prepare & assist in monthly dashboards & other relevant reports as necessary & mandate.
• Undertake adhoc assignments from line management.

Qualifications

• Graduate / Post-graduate / Management diploma in Business management
• Minimum 6-8 years of hands on banking experience in any one of the major functions - CIB / PBG / Global Markets, in Risk Management / Internal Controls / Operations
• Experience in developing and implementing Operational Risk Management framework and Internal Controls
• Relevant industry body certifications in Operational Risk, Anti-Fraud, InfoSec or BCM preferred
• Sound relationship management and influencing skills
• Strong analytical capabilities & problem solving
• Team player & Attention to detail /accuracy.

First Abu Dhabi Bank