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Job Description
- Manage the incident management function in order to ensure proper handling for all operational risk incidents.
- Participate in setting out and updating Risk policies and procedures.
- Raise awareness for all levels of the company’s staff about the necessity of the operational & Market risk.
- Review procedures, contracts to ensure that the processes are in line with the operational risk standards.
- Prepare the regular reports to be presented to all concerned parties (FRA, Executive committee, BOD etc.)
- Promote the role of risk throughout the company.
- Participate in developing the fraud & anti money laundry unit by setting out its procedures that ensure to save the company from any fraud activities.
- Periodically conduct business impact risk assessment to identify the operations critical activities and vulnerability for major disruptions.
- Facilitate testing plans to ensure that team members are aware of their roles and responsibilities in the event of the disruption.
- Ensure that the Company’s response to the disruption is communicated internally to the applicable parties.
- Identify internal and external threats that could cause a disruption and assess their probability and impact.
- Examine all new products proposals and provides comments and recommendations regarding the market & operational risk implication and the adequacy of proposed policies, systems and controls.
- Evaluate the proposed control environment of new contracts and recommend improvements.
- Examine all customer complaints and provide comments and recommendations in order to mitigate such risks from reoccurrence.
- Manage & ensure proper implementation of compliance policies & procedures for both internal & external purposes.
- Cooperates continuously with the Internal Audit department.
Job Requirements
- BS degree in Economics, Banking, Finance, Statistics, Business, or related field
- Preferred relevant professional certification or working towards certifications.
- Examples include: CRCM - Certified Regulatory Compliance Manager– Certified Public Accountant, –Certified in Risk Management Assurance