As the VP, Head of Operational Risk, you will play a crucial role in developing and implementing risk management strategies for MashreqBank's Corporate and Investment Banking Group (CIBG). Your expertise will be instrumental in identifying, assessing, and mitigating operational risks across the bank's business lines, ensuring compliance with regulatory standards, and driving continuous improvement in risk management practices.
- Lead the development and implementation of an effective operational risk management framework for CIBG, including policies, procedures, and controls.
- Conduct comprehensive risk assessments, identify emerging risks, and propose risk mitigation strategies.
- Collaborate with business units to ensure risk awareness and provide guidance on risk management best practices.
- Monitor and report on key risk indicators, ensuring timely escalation of significant risks to senior management.
- Stay updated on regulatory requirements and industry best practices, ensuring the bank's compliance with operational risk standards.
- Build and maintain strong relationships with internal stakeholders, including business units, compliance, and legal teams.
- Oversee the implementation of risk management technology solutions and ensure their effective utilization.
- Conduct regular training sessions and workshops to enhance risk awareness and capabilities across the organization.
- Provide expert advice and support to senior management on complex risk-related matters.
- Drive a culture of risk awareness and accountability, fostering a proactive approach to risk management.
- A minimum of 15 years of experience in operational risk management, with a strong focus on financial services, particularly corporate and investment banking.
- In-depth knowledge of financial products, services, and the associated risks, including treasury operations.
- Proven track record of leading and managing operational risk functions in a complex financial institution.
- Excellent understanding of regulatory requirements and industry best practices in operational risk management.
- Strong analytical and problem-solving skills, with the ability to identify and assess risks effectively.
- Exceptional communication and interpersonal skills, with the ability to build relationships and influence senior stakeholders.
- Experience in developing and implementing risk management frameworks and policies.
- Proficiency in risk management technology and data analytics tools.
- Ability to work independently and manage multiple priorities in a fast-paced environment.
- Relevant certifications or qualifications in risk management, such as FRM or PRM, are highly preferred.
The leading financial institution in MENA
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