Role PurposeAssist in the implementation of the ORM framework including preparing related policies and procedures, engaging business units in identification and assessment of risks in the business processes , assessment of controls instituted to mitigate those risks, working with business units to strengthen controls, monitoring operational risks, analyzing incidents, and identifying Key Risk Indicators (KRIs) for inclusion in the risk dashboard.Assist in the implementation of the COSO Integrated Internal Control framework by mapping out financial statement processes, identifying inherent risks, and ensuring that adequate controls are put in place to mitigate those risks, and that controls are tested periodically to ensure that they are operating effectively. This will provide the basis on which external auditors will certify the effectiveness of internal controls over financial reporting as part of the yearly audit of the financial statements of the ICD.Key Functional Accountabilities And ActivitiesOperational Risk Management:Assist in planning, managing, and providing ongoing support for the implementation of the Bank’s operational risk management framework;Assist in providing guidance and support to business and support units to ensure the successful management, identification, measurement and monitoring of the bank’s operational risk;Facilitate Risk and Control Self-Assessment (RCSAs) workshops for business units within the Bank, working with them to identify and monitor relevant Key Risk Indicators;Assist business units in developing Key Risk Indicators (KRI) for all key risks in the business and creation and reporting of KRI including thresholds in in the risk dashboard;Follow up with business units to design and implement controls and action plans that mitigate operational risks, thereby ensuring the effective running of the Bank’s business;Analyze operational risk incidents;Prepare operational risk reports to management;Any other related activity.Internal Control Over Financial Reporting (ICFR)Assist in designing and preparing the Bank’s annual internal control work program using the COSO internal control framework and the Control Self-Assessment (CSA) process;Assist in periodic risk assessment exercise which identifies key financial statement processes, key risks embedded in those processes and key controls mitigating those risks, as a basis for designing annual control test plans and remediation plans;Champion the update of internal control documentation, perform walkthrough of controls and test key controls as part of the annual internal control attestation process;Design risk and control matrix for key business processes based on which a risk assessment exercise is conducted to determine key controls to be periodically tested;Use designed test scripts to test key controls identified during the risk assessment exercise and compile results of periodic tests of controls, working with business units to remediate ineffective controls;Report on the periodic review of control effectiveness by business units throughout the Bank and monitor the completion of internal control enhancement plans by organizational units throughout the Bank;Liaise with external auditors in certifying the effectiveness of the Bank’s internal controls over financial reporting as part of the annual audit of the Bank’s financial statements;Any other related activity.Qualifications/ Professional ExperienceAt least 8 years of hands-on experience in operational risk management functions in banking environment / financial institutions/multilateral development banks.Bachelor’s degree in Business Administration, Finance, Mathematics / Statistics, Accounting, Physics, Computer Science, etc. or any related field is a must.Master’s degree in Business Administration, Finance, Accounting or any other relevant discipline or a relevant Professional Certification such as membership of an internationally recognized professional accounting body e. g. CA, CPA, ACCA, CIA, CISA. Professional risk management certifications or any relevant professional certification would be considered additional qualification in addition to practical experience.Strong demonstrated experience in handling operational risk management as well as technical accounting and financial reporting issues.Team work and interpersonal relations, Responsiveness and timeliness, Communication, Client Orientation and Problem solving.Ability to work with little or no supervision in a multi-cultural environment and build effective working relations with clients and colleagues.Ability to operate effectively in a demanding environment with tight deadlines, both with clients as with team members, requiring significant influence skillsCompetenciesCore Behavioral:Innovation and InitiativesChange ManagementDeveloping People CapabilityPartnership ManagementStrategic ThinkingSelf Effectiveness Technical CompetenciesRisk Management Frameworks.Quantitative AnalysisIT and Data ManagementIncident Investigation & Root Cause AnalysisRegulatory KnowledgeLanguage SkillsCapable of communicating in any of the working languages (Arabic, English and French) of which English is a must, whereas Arabic and/or French is a plus.