JOB DESCRIPTION / ROLE
A leading Saudi Islamic bank is looking for a Saudi National IT Risk Manager to come in and formulate, develop and implement IT related risk controls, KRIs and documents review. You will be responsible for identifying, assessing, measuring, controlling, monitoring and reporting different types of operational risks and determining IT risk appetite as per SAMA and Basel requirements.
Responsibilities:
* Review IT related policies, procedures, change requests, BRS, and identify operational risk weaknesses and obtain corrective actions.
* Implement the operational risk management strategy, policies procedure and framework relevant to the unit and ensure they are continuously updated.
* Draft/ modify/ enhance detailed implementation plan for the bank's operational risk management strategy and objectives that relates to the processes relevant to the units.
* Ensure that appropriate transfer knowledge and coaching is provided to the Operational Risk Management Team, conduct RCSA workshops and questionnaire for IT.
* Build and develop templates for self-risk assessment and management and ensure consistency in Operational Risk management Methodologies.
* Develop plan for implementing advanced approaches as required by Basel II and SAMA regulations, through documentation of the RCSA, KRI and loss Data event collection methodologies and treatment.
* Establish, maintain, enhance and document the data collection of KRI program and link them to KSCR
* Carry out periodic RCSA review and obtain IT sign off.
* Prepare the RCSA report for IT and obtain correction action plan for each operational risk identified in IT in the RCSA and RCSA periodic review.
* Review and approve data input in Operational Risk Management system that relates to RCSA and Key Risk Indicators (KRI).
* Analyse significant operational losses in collaboration with IT to identify and address the underlying causes and prepare technical analysis report for each event.
* Ensure that the operational risk impact of new systems and processes are assessed and understood prior to their launch/ implementation
REQUIREMENTS
Requirements:
* University degree in Business administration, economics, statistics, mathematics, finance, risk management, engineering or Information Technology (preferably Master degree)
* A professional qualifications such as PRM, CFA, CPA, will be preferable
* A minimum of 8 to 10 years of experience in banking operations, audit & risk management with at least three years in Operational Risk Management
* Ability to apply generally accepted standards and market ethics applicable to the banking industry in KSA
* Familiarity with SAMA and other external agencies' regulation and guidelines
ABOUT THE COMPANY
Robert Walters is one of the world's largest specialist professional recruitment consultancies with 53 offices spanning 24 countries.
We've helped thousands of professionals find permanent, contract and interim roles with leading global corporations, small to medium sized companies and innovative start ups. Our specialist recruitment focus includes: accountancy and finance, banking, engineering, operations, legal, IT, sales, marketing, procurement & logistics, HR and support/administration.
