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Dimensions HRD Consultants
106 Dimensions HRD Consultants Jobs
8-12 years
Assistant Manager - Operational Risk Management/Process Improvement (8-12 yrs)
Dimensions HRD Consultants
posted 15hr ago
Flexible timing
Key skills for the job
The Assistant Manager will be responsible for ORM - RCSA, KRI and Incidents Management and for reviewing Operations Policies, Procedure Manuals, new products, projects and outsourcing proposals
This role serves as a reference point for business units, sharing knowledge and skills while providing necessary training as required
Responsibilities:
Risk Perspective Reviews:
- Project Reviews: Conduct reviews for Central Bank and other Bank Projects as advised by the Manager.
- New Product Releases: Assess new products released by Retail/Wholesale from a risk perspective.
- Outsourcing Vendor proposals: Review outsourcing vendor proposals and provide feedback from OR perspective
- UAT/Implementation Review: Review User Acceptance Testing (UAT) for new systems/processes to ensure smooth transitions.
- Training Needs Assessment: Identify ORM training requirements and conduct training programs for operational staff regarding system behavior and operational procedures.
- Data Management: Recommend corrective measures for data cleansing where necessary to prevent recurrence of issues.
- Technical Design Transformation: Translate new business requirements from Operational Units into technical designs for the IT team.
Operational Risk Activities:
- RCSA: Perform Risk Control Self-Assessment (RCSA) for identified Business units.
- Qualitative Risk Assessment: Conduct qualitative risk assessments to understand potential expected losses.
- Key Risk Indicators (KRIs): Establish KRIs to monitor risk exposure over time.
- Control Assurance Program: Conduct control assurance programs to assess the efficiency of controls in maintaining acceptable risk levels.
Manual Review:
- Review Operational Policies: Evaluate Operational Policy, Procedure Manuals, process flows, and Desk Manuals submitted by Business units from a Process Refinement and Risk perspective.
- Coordination: Collaborate with the Internal Audit department and Compliance/Internal Control departments to ensure alignment with standards.
- Review Documentation: Assess forms, application forms, and Terms and Conditions related requirements.
Process Improvement and Re-engineering:
- Review Procedures: Analyze the Bank's operational procedures and standards for potential re-engineering using best practices.
- New Products Assessment: Evaluate new products and processes from a Process Refinement and Risk perspective.
Skillset:
- Understanding of Operational Risk Management and governance frameworks, strong knowledge of business continuity best practices and protocols, operational risk management, and in-depth knowledge and expertise of the Bank's operations, including IT practices
- Experience in using and managing GRC tools
- Experience of developing evidence related to accounting transactions.
- Attention to detail and ability to analyze large amounts of information.
- Strong problem solving and analytical skills.
- Excellent communications (oral and written), interpersonal / business partnering, and organizational skills.
- Proficient with MS applications
- Familiarity to UAE CB regulations
- Knowledge of reviewing projects and outsourcing arrangements
Requirements:
Education/Certification:
- Bachelor's/Master's degree in finance, Business Administration, or a related field.
- Certification in Operational Risk
- Minimum of 8 years of experience in operational risk management or process improvement roles.
- Strong analytical skills with a focus on risk assessment methodologies.
- Excellent communication and interpersonal skills.
- Proficiency in risk management tools and systems.
Skills:
- Ability to work independently as well as collaboratively within teams.
- Strong project management skills with attention to detail.
- Proactive approach to identifying risks and implementing solutions.
Functional Areas: Other
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