Operational Risk Officer

Propel Consult

Manama, Bahrain

Posted
Ref: LP127-1881

Job description / Role

Company:
Our client is the largest domestic multinational expanding their presence in principal international markets. They are currently looking for an Operational Risk Officer be based in their Bahrain Branch.

Duties & Responsibilities
• Validate and challenge the first line risk identification and assessment of gross and residual risks arising within the end to end processes
• Assess the control environment including, but not limited to, control design, control execution, control testing and control history
• Recommend changes to the control environment or to business practice where necessary to reduce the level of operational risk exposure to within the agreed appetite
• Review the design of effective process controls by the 1st line to manage all material risks linked to the process control failure
• Identify Local Control Gaps - Regularly assess all key controls against the country risk profile to monitor exceptions and identify gaps
• Provide a balanced and informed assessment of all operational risks arising from acquisitions or major change initiatives or projects within the Country
• Review and approve risk record templates for acceptance of medium, high and very high country level risks
• Accept the classification and accurate reporting of operational risk events and the appropriateness of mitigation actions
• Challenge relevant Business / Functions' activities where risks are not aligned with control requirements or risk appetite
• Sign off on new products on behalf of Operational Risk through the Country Addenda process
• Ensure that risks requiring acceptance as escalated as per the policy for Operational Risk Assessment and Acceptance
• Approve the classification and accurate reporting of operational risk losses

Requirements

Qualification & Experience
• Preference will be given to Bahraini National
• 2 – 5 years’ experience in operational risk
• Experience in banking sector is a must
• A clear understanding of the Banking approach to the management of operational risk
• Ability to leverage resources across the organization to complete deliverables
• Ability to deal effectively with a diversity of individuals at all organizational levels.
• Good Communication Skills

About the Company

Propel Consult delivers a service in step with the needs of both our client companies and candidates. Our ability to add value to all levels of recruitment stems from our wholehearted belief in providing a professional service to both parties. We have built relationships with many leading indigenous and mulitnational organisations throughout the Middle East and internationally in countries such as UAE, Qatar, Saudi Arabia, Oman, Bahrain, Kuwait, Egypt and many more. Concentrating our resources has created 5 distinct specialist divisions:

  • Banking & Finance
  • Human Resources
  • Oil & Gas
  • Construction
  • Architecture & Engineering

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