Risk associate
Emirates investment bank
Total years of experience :17 years, 6 Months
• Assist in developing and support enterprise-wise operational risk management framework. Disseminate operational risk awareness and training throughout the firm;
• Review, manage and develop policies to ensure appropriate Enterprise Risk controls are in place and that any changes/updates in policies are communicated in a timely manner;
• Develop, maintain and update risk related policies, procedures and other documentation;
• Develop operational risk reports and monitoring processes, including key risk indicator (KRI) production, analysis and maintenance;
• Oversee and manage projects related to control enhancement initiatives and other firm-level projects as they relate to the operational risk management governance structure;
• Build and maintain strong relationships with business management, support heads and other areas of risk management;
• Prepare meaningful MIS and dashboards from available data;
• Set action plans for the implementation of tasks through clear set target dates;
• Evaluate the adequacy of the operational controls based on risk factors learned while partnering with internal stakeholders;
• Document the inherent and residual risks found during an operational assessment;
• Obtain evidence and document results found during a risk assessment;
• Ensure all internal and external escalation procedures are in place and properly functioning;
• Responsible for proper evidentiary closing of opened remediation plans as a result of the assessment;
• Identify and recommend areas of process improvement to enhance operational efficiencies
• Communicate with key stakeholders, including but not limited to Information Risk Management, IT Risk Management;
• Monitor and measure identified gaps as a result of assessments and ensure all internal and external partners are held accountable for their process improvement action plan(s);
• Lead or complete work associated with other special projects, as assigned.
• Liaison with business partners and supports unit resources to ensure consistency with group BC standards and policies;
• Ensure integration of new and or reengineered business units into the existing BC structure;
• Communicate BC Program deliverables to Business Continuity Coordinators (BCCs) embedded within critical business partner areas;
• Ensuring success in plan development and maintenance, BC / DR test activity, awareness, governance and crisis management.
• Assist units with assessment of potential business impacts, definition of critical, time sensitive, design, development, and documentation of businesses functions in the business continuity plans
• Coordinate development of business unit schedules for the business continuity documentation, maintenance & update, exercises, and independent review and validation
• Ensure implementation of the Operational risk strategy deployed at the bank.
• Embed an Operational risk culture throughout the bank to promote transparency and accountability for inherent risk and controls.
• Identify, manage, strengthen and alert management on all identified key risks and controls.
• Ensure Risk and Control Self Assessments (RCSA) are performed on a regular basis by units and perform due-diligence reviews.
• Ensure Operational risk incidents (Financial and Non-Financial) and associated process breakdowns are reported by business/functional units across the bank.
• Report monthly Key Risk Indicators of the concerned divisions/branches to Operational Risk Committee and senior management.
• Report to UAE Central Bank is prepared and submitted in a timely manner.
• Monitor loss data report submissions across the bank and ensure timely submission of the Operational Risk Register.
• Review policies and procedures received from business units and recommend changes from an operational risk perspective.
• Work closely with internal audit, compliance and other key control functions of the bank for integrated control reviews. Document action plans and report on issue status from RCSA and Audits.
• Serve as an internal risk consultant to the operating functions and business lines.
• Update and maintain the Operational risk management systems, models, procedures and tools.
• Facilitate understanding of the Operational Risk System by users across the bank and enhance the risk culture
• Develop and ensure operational risk rating scale is within the bank’s set operational risk capital charge.
• Conduct bank wide operational risk training’s and workshops as and when required.
• Build and maintain strong relationships with business management, support heads and other areas of risk management.
• Prepare meaningful MIS and dashboards from available data.
• Set action plans for the implementation of tasks through clear set target dates.
• Take on ad hoc Operational Risk activities deputed by senior management as and whenever.
Respond to policy & process violations of credit underwritings (Credit Cards, Loans, Mortgages)
Prepare projections or exceptions report & present it to the Management for corrective action
Prepare review checklists for Auto Loans, Personal Loans, Credit Cards & Mortgages
Conduct risk reviews for all retail asset products & recommend changes to improve the overall quality of the credit portfolio
Recommending appropriate strategies for mitigating risks to ensure sound risk asset structure for the bank while complying with the regulatory & legal requirements.
Draft, update & maintain the Bank’s Credit Policy to align with the dynamic business environment
Ensure that central bank guidelines for retail lending are not violated.
Analysis and Approval of Credit limits to be assigned for various products offered by the bank - Credit Cards, Loans. (Holding approval limit of maximum AED 50, 000/- )
Reviewing, analyzing documentation and system for eligibility, thereby approval or rejection of applications.
Involved in supervising the team in various activities like - Documentation check, Central bank check, Verification & processing of applications.
Conducting Daily Cancellation & Rejection review of applications with the Sales development Managers & Sales Head.
Recommend to delist companies from ALOC (Approved List of Companies) database, putting them on hold or on the negative list & conducting reviews on their performances.
Make timely and quality credit decisions
Ensure minimal error rate in data capture quality
Ensure strict adherence to credit approval processes
Recommendations on policy/process improvements
Bachelors of Business Administration in Information Systems (BBA) - Honors Degree.