Banking Jobs In UAE | Dubai Islamic Bank Careers

 Banking Jobs In UAE | Dubai Islamic Bank Careers   

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.

For more details and apply, click here