Associate Vice President, Business Operational Risk and Governance

As an Associate Vice President, Business Operational Risk and Governance you will be responsible for review and improvement of processes and activities within Retail Bank, with a focus on the Investment product space. Identify and mitigate operational/regulatory risk & issues.

What You Will Be Doing

• Examine processes within the Retail Banking Unit to find operational and regulatory gaps and collaborate on action plans to resolve them.
• Recommend improvements to enhance efficiency and compliance across the reviewed units. 
• Share key findings and lessons with team members and other teams for overall improvement.
• Promote a culture of good governance by supporting control measures and addressing areas of concern.
• Assist with investigations of operational risk events, fraud cases, and ensure compliance with new and existing regulations.
• Align processes with operating procedures and regulatory requirements, ensuring consistency and compliance.
• Analyse system and manual data to ensure alignment with processes, addressing discrepancies when necessary.
• Review customer communications to confirm adherence to CPF and regulatory standards.
• Assess the unit’s internal MIS to find gaps and identify areas for improvement.
• Oversee RCSA control testing, KRI monitoring, and process updates to strengthen risk management for frontline business units.

What We Are Looking For

• Bachelor's degree, preferably Commerce / Finance / IT / Engineering or similar; MBA preferred
• Min 5 years of experience in investment products – Mutual Funds, Bonds, Structured Products, FX, stocks, futures & options, alternative investments including virtual assets etc.
• Certification or experience in Investment Risk Management, Operational Risk, Financial Analysis, etc.
• Prior working experience in product management, market risk, operational risk, middle office or audit functions in banks or SCA regulated entities
• Strong background in Accounting, Financial Analysis and Operational Risk
• Working knowledge of various wealth management product at product management or Risk Management side
• Understanding of local SCA and CBUAE regulations
• Ability to clearly design and comprehend complex futures and options formulas
• Good understanding of retail bank processes – sales and operational
• Awareness of Compliance & Technology Landscape
• Ability to review processes and identify risks and gaps
• Capable of successfully navigating in a multi stakeholder environment
• Client centric with process streamlining outlook