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Description
Job Purpose
- To conduct Risk & Control Self-Assessment (RCSA) exercise across various units of the Bank and identify risks and provide recommendations for implementation.
- To review Operational Risk Incidents reported through ORM system and recommend preventive / corrective actions for implementation.
- To support Manager – ORM in effective implementation of the Operational Risk Management Framework across the Bank, whilst adhering to the regulations laid down by Central Bank of UAE and Policies and Procedures of the Bank.
Accountabilities
- To conduct Risk & Control Self-Assessment (RCSA) exercise across various units of the Bank and identify risks and provide recommendations for implementation.
- To conduct Root Cause Analysis (RCAs) for critical OR incidents and suggest risk mitigants / preventive and corrective actions.
- To review Key Risk Indicators (KRI) submitted by various units of the Bank and ensure that the indicators portray a fair representation of the key risks and suggest amendments / corrections, if any.
- To review Operational Risk Incidents reported through ORM system and recommend preventive / corrective actions for implementation.
- To assist Manager in compilation of various MIS / reports for submission to Senior Management.
- An eye for detail and capacity to analyze each process from a risk perspective.
- To determine the most effective way of enhancing controls for identified risks.
- Managing and prioritizing the workload, which frequently has changing or conflicting priorities.
- Strong interpersonal skills to interact with people across various departments of the Bank.
Skills
- Awareness of Local Laws and regulations.
- Awareness of Central Bank guidelines & regulations across all banking operations.
- Ability to review existing / new process and identify risks and suggest controls.
- Qualified Chartered Accountant/Related professional qualification in Banking and Risk Management with minimum 3 to 5 years of internal audit experience in Banks/ Big 4 Audit Firms.
Opportunity Details
About This Company
RAKBANK
RAKBANK, the trading name of the National Bank of Ras Al-Khaimah, is a public joint stock company, headquartered in the emirate of Ras Al-Khaimah, in the UAE. The Head Office of the bank is situated in RAKBANK Building, Emirates Rd, Ras Al-Khaimah. The bank is 52.75% owned by the Government of Ras Al-Khaimah.
Shares are publicly traded. Board consists of several members of the ruling family of the emirate of Ras-Al Khaimah and businessmen from UAE and Kuwait. The bank is engaged in providing retail and corporate banking services through a network of thirty three branches in the United Arab Emirates, but all the transactions are handled on a strictly commercial basis.
Board of Directors
H.E. Shaikh Omar bin Saqr Al-Qasimi Chairman U.A.E
H.E. Shaikh Salim bin Sultan Al-Qasimi Member U.A.E
Mr. Hamad Abdulaziz Al Sagar Member Kuwait
Mr. Abdul Aziz Abdulla Al Zaabi Member U.A.E
Mr. Yousuf Obaid Essa Al Nuaimi Member U.A.E
Mr. Ahmed Essa Al Naeem Member U.A.E
Mr. Salem Ali Abdulla Saeed Al Sharhan Al Nuaimi Member U.A.E