Ref: HP905-439

Job description / Role

Employment: Full Time

Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services.

CBD has been recognized as the number one bank in the UAE on the Forbes list of The World's Best Banks 2022.

As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile.

Job Purpose:

The role is to ensure effective control assurance of the 1st line of defense and drive performance improvement across the operations function in terms of reducing cost-to-serve, turnaround times and proactively identifying resilience gaps. The role holder will be tasked with designing, developing, and implementing control assurance and control improvement across the COO function. This role is based within the COO function encompassing the functional areas of IT, Operations, Transformation, and Support services. The COO function aims to become a best-in-class operating function in the bank and this role plays a crucial part in enabling that purpose; the role is both inward looking (within the COO function) and outward looking (delivering performance improvement for other CBD stakeholders).

Principal Accountabilities:

• Identify relevant control processes and frameworks and recommend improvements in business processes and controls.
• Implementing controls and frameworks following the methodology and strategy set by the Head of Resilience and Performance Improvement
• Testing the controls over the 1st line of defense activities within the units that make up the COO function
• Executes against a pre-arranged review plan to evaluate both: impacted units for performance improvement and to evaluate the design/effectiveness of key controls within the COO function
• Identify key areas of concern or risk and support the development of specific programs that will address the primary requirements of resilience and performance improvements
• Ensure document policies and procedures (e.g. SOPs) remain current and are aligned to the processes taking place
• Identifying key areas of performance improvement to reduce their cost of unit processing, improve their turn-around-time, and/or enhance productivity
• Implement performance improvement initiatives in conjunction with stakeholders and track results to ensure sustainable results
• Review regulatory impact on controls and implement changes as necessary
• Ensure controls are regularly review and the effectiveness tested
• Sufficiently document resilience testing details and results
• Monitor and analyse KRIs and operational metrics
• Maintain performance tracking and control databases
• Assist in the timeline remediation of issues, including internal/external audit observations and regulatory findings.
• Undertake special projects as assigned
• Exhibit solid time management to complete reviews scheduled in a timely manner
• Conduct annual operating performance risk assessments to ensure that department performance is aligned to stakeholder expectations
• Execute on a compliance risk & control testing plan; including all remediation
• Identify and escalate management self-identified-issues in a timely manner



• Minimum of a bachelor's degree
• Background in Banking, risk management and / or internal audit; Audit, Risk or Compliance professional designation preferred
• Ability to understand and identify key risks and controls that require testing within processes
• Analytical and review skills with the ability to draw the correct conclusions from reviews
• Time management and organization skills with the ability to prioritize and multi-task
• Understand and ensure compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business/function
• Ability to work professionally with various levels of staff and management; strong teamwork
• Excellent written & oral communication and presentation skills including the ability to deliver clear and accurate messages to management
• Sound judgment, keen sense of urgency and initiative, and high level of professional and personal integrity
• Good team player, with strong interpersonal skills
• A skilled communicator with the ability to communicate complex issues in a simple, yet impactful manner
• Curious and innovative, balanced with a dose of action-oriented pragmatism
• Logical thinker, with strong business planning and strategic thinking skills

About the Company

In 1969, when we at Commercial Bank of Dubai started out little did we know that sheer grit and determination would get us where we are today. An Emiri Decree issued by His Highness the Late Sheikh Rashid Bin Saeed Al Maktoum, the founder of modern Dubai, laid the cornerstone of Commercial Bank of Dubai. We started out as a joint venture of Commerzbank, Chase Manhattan Bank and Commercial Bank of Kuwait. A minority stake was held by a few UAE businessmen.

By 1982, little more than a decade later, we evolved into a National Public Shareholding company. A feat complimented by an exponential increase in the capital base and mammoth restructuring of our operations. The feather in the cap came when the Government of Dubai became a key shareholder.

Over the decades, we have transformed ourselves into a progressive and modern banking institution. We are supported by a sturdy financial base and reigned by a strong and stable management. The proof of which lies with our customers who have stood by us over the years.

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