Banking Jobs In UAE | Dubai Islamic Bank Careers
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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.