Senior Manager Operational Risk

Senior Manager Operational Risk

Robert Walters
10-12 years
Not Specified

Job Description

Job Description :
A growing bank in Kuwait is looking for a Senior Operational Risk Manager to join the risk department. This role will be responsible to plan, lead and manage all activities of the operational risk function by developing relevant operational risk management framework, including Risk Control Self Assessment (RCSA) and by providing expertise on the development of operational management policies.Key Responsibilities:
  • Develop, maintain, and continuously improve the operational risk management strategy, frameworks and limits/tolerances in line with the bank’s overall risk while ensuring effective implementation of same in liaison with relevant stakeholders to support effective management of the bank’s operations within the defined risk levels.
  • Ensure effective cascading of the risk management functional strategy into operational risk management business plans to ensure vertical alignment and horizontal integration with other interfacing functional strategies.
  • Lead the development and oversee the implementation of operational risk management policies, procedures and controls covering all areas of function activity so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective service.
  • Lead the development and implementation of the risk control self-assessment system/process (RCSA) in coordination with functional and business heads; manage the conducting of the periodic RCSA process, consolidation and reporting of results to facilitate effective management of all business functions within the defined operational risk levels.

  • 10-12 years of banking experience covering operations, operational risk management and internal control environment
  • Advanced knowledge of risk management principles, regulatory requirements and relevant industry standards
  • Sound knowledge in all areas of general banking operations (Trade Finance, Swift and Corporate banking etc)
  • Bachelor’s degree from a recognized university
  • Certified Risk Management Professional – FRM, CIA, etc. is preferred

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