Banking Jobs In UAE | Dubai Islamic Bank Careers

Dubai Islamic Bank announced on its official Linkedin page a vacancy

Assistant Manager - Operational Risk Assessment

Dubai Islamic Bank speaks for itself

Dubai Islamic Bank (DIB) is the world's first Islamic bank established in 1975.
Dubai Islamic Bank combines the best of traditional Islamic values with technology and innovation for sustainable success.
Dubai Islamic Bank (Public Joint Stock Company) has established itself as the undisputed leader in Islamic banking and finance with a footprint spanning multiple countries on different continents.
With more than 5 million customers and more than 500 branches worldwide, Dubai Islamic Bank has succeeded in transforming the specialized sector of Islamic banking services into a major industry recognized around the world.
Dubai Islamic Bank offers exciting career opportunities to all, enabling everyone to reach their full potential in terms of performance and progression.
Dubai Islamic Bank is a proactive player in the Emiratisation drive and presents candidates from all levels to be part of the bank's growth story.
Dubai Islamic Bank also provides a world-class program for Emirati graduates introducing the bright minds of the UAE to start and establish a long-term and fulfilling career.
The Bank has been recognized as an employer of choice across multiple forums for its opportunities and drive to offer high quality career growth.
Dubai Islamic Bank remains true to its roots as a customer-centric organization where close personal service forms the basis of all its relationships.
Tradition and heritage are intertwined with commitment, innovation and modernity so that customers of every kind are provided with comprehensive solutions to meet all their financial needs.
Dubai Islamic Bank is an active contributor to the development and progress of society through its various corporate social responsibility programmes.

Job Responsibilities

Conduct Operational risk assessment of the Bank's departments in line with the Risk Management Framework, Regulatory requirements, Basel recommendations and international standards, in order to mitigate the operational risk.
Perform periodic Risk Assessment of all departments of the Bank in line with the Board approved Risk Management Framework.
Develop and implement the Risk Assessments quality review plan of all departments of the Bank.
Review drafted; new product programs, policies, procedures, proposed memos, in order to highlight gaps in controls & inefficiency in process flows.
Represent Risk Management in the committees formed for launching new products, process cycle reengineering, new policies and procedures development, and any subsequent amendments thereof.
Share proposals and concerns as well as suggestions to mitigate the identified risks.
Liaise with Stakeholders to discuss inherent risks in the process, areas of concerns, assess overall residual risks of unresolved concerns and recommend enhancements.
Review final documents stated above, highlight unresolved concerns, discuss with stakeholders and assess overall residual risks of unresolved concerns.
Perform System Risk Assessments in coordination with relevant stakeholders.
Ensure the identified risks are duly highlighted for remediation and reported to senior management.
Support efforts in managing Conduct Risk by perform relevant product and process assessments.
Ensure detailed reporting is done to Management and Board Committees related to conduct risk.
Follow up with the concerned departments for the revision of the policies & procedures in order to present changes for stakeholders' review and document changes through the Policies and Procedures department.
Ensure adherence of all documentation and activities as per the Bank's SOPs, SLAs and regulatory & audit requirements.
Ensure compliance with the approved policies, procedures, SLAs and regulatory requirements to maintain quality standards and ensure risk mitigation.
Ensure all assigned tasks and projects are executed within the approved policies, procedures and SLAs of the department.
All the above accountabilities includes but not limited to any additional/new tasks or responsibilities assigned by the line Manager.

Knowledge, Skills and Experience

Minimum Bachelor's degree in Economics / Accounting / Risk Management / Business Administration, Marketing, Banking, and similar subjects.
Certifications in Risk Management, Process / System Audit, Marketing is preferred.
At least 4-5 years of banking experience with relevant knowledge of Banking Operations & Products.
Former experience in Risk Management / Process Audit / Products development is preferred.

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