AVP-Third Party Risk Management.Operational Risk - Operational Risk

The incumbent supports the VP – Operational Risk, Head of TPRM in directing and leading the Group-wide (including subsidiaries and international branches) strategic development and implementation of the Third-Party Risk Management Framework of the Bank. This is done in alignment with relevant regulatory requirements and reflecting the best practices to ensure proactive management of the overall Third-Party Risk Management requirements. Key Result Areas: Lead the design and deployment of a firm-wide TPRM framework (including outsourcing governance framework). Manage the ongoing TPRM program which includes an integrated approach for assessing and mitigating the risk of new and existing third-party suppliers. Ensure that risks associated with Third Party relationships, before and after entering into contracts, are sufficiently identified, assessed, monitored and controlled. Manage and enhance the governance model to provide ongoing monitoring and oversight of the risks posed by third parties. Monitor and update third-party risk assessment framework to respond and adhere to new and existing regulatory guidelines and initiatives. Lead third-party risk segmentation, deploy and maintain up-to-date annual attestations by contract owners. Develop reports for use by business areas and senior management regarding third-party risks. Identify and escalate key items of concern regarding new and existing current third parties, including the potential of concentration risk and fourth-party risk exposures. Partner with sourcing partners, Operational Risk Team, Information Security and Technology Risk Team, Compliance, Legal, business areas and other assurance functions in the second and third line of defense to identify third-party risks and escalate those risks appropriately. Support Head of TPRM in addressing the Central Bank, Internal Audit, and Compliance observations. Monitor the first line Business Units’ status of the RCSA, ORE, KRI, Issues & Actions and NPPA programs; Perform detailed analysis on the outputs of the Group operational risk management programs; Maintain ongoing monitoring of the Bank’s Operational Risk profile at a Business Unit level; Maintain compliance to regulatory requirements and create environment for continuous improvements. Provide user support and ensure ongoing management of the Group operational risk program design on prism, the Bank’s Operational Risk Management Information System. Operating Environment, Framework and Boundaries, and Working Relationships Regular interaction and working relationship with: Head of TPRM Head of Operational Risk & Resilience; Heads of Segments, Divisions, Countries, Subsidiaries and Affiliates; Heads of Second Line functions including Fraud Prevention & Intelligence, Compliance & Information Security; and Senior Management of outsourced service providers of the Bank. Problem Solving: Ability to influence and challenge Business Units for effective Third-Party Risk management; Ability to assimilate and adopt emerging and leading practices and developments in the area of Third-Party Risk Management; and Undertake multi-dimensional assessments of operational risk data, derive risk-based analysis & conclusions. Knowledge, Skills and Experience: Minimum of 5-7 years focused expertise on Third-Party Risk Oversight, Vendor Governance, Risk Management, Operational Risk Proven related financial services experience, risk & regulatory related experience is highly desired Third Party Vendor experience preferred Broad and deep third-party risk technical knowledge Strong people management, internal consulting, and partnering skills Ability to influence with or without authority to achieve desired outcomes Balance and successfully manage competing priorities The leading financial institution in MENA While more than half a century old, we proudly think like a challenger, startup, and innovator in banking and finance, powered by a diverse and dynamic team who put customers first. Together, we pioneer key innovations and developments in banking and financial services. Our mandate? To help customers find their way to Rise Every Day, partnering with them through the highs and lows to help them reach their goals and unlock their unique vision of success. Delivering superior service to clients by leading with innovation, treating colleagues with dignity and fairness while pursuing opportunities that grow shareholders value. We actively contribute to the community through responsible banking in our mission to inspire more people to Rise. Apply To This Job