The job's role is to ensure the identification and assessment of operational risks and to identify relevant Key Risk Indicators (KRIs) in order to monitor and control the operational risk compliance with set standards and the Bank’s risk appetite, as well as the development of relevant improvements.
• Assist in the preparation of all relevantdepartmental policies, processes, standard operating procedures and instructions so that work is carried out in a controlled and consistent manner.
• Prepare the data of the banks’ risk appetiteand report relevant information of the framework in which the operational riskappetite monitoring will be executed in order to enable the efficiency and compliance of banking operations within the set standards.
• Prepare the material of the Risk and ControlSelf-Assessment (RCSA) system workshops in order to support the business in theidentification of potential risks against operational risks guidelines ensuringtheir efficient and effective monitoring, control and reporting as well as the key risk indicators of their operation.
• Validate efficiency of the corrective actionsimplemented in order to increase the accuracy of interventions and prevent of lossesto occur.
• Prepare SAMA fines dashboard and recommend areas of improvements in processes and standards that will support the operational risk action plans’ effectiveness and mitigate losses while enhancing thecompliance of banking operations with SAMA risk requirements.
• Support in the calculation of the operationalrisk exposure of the bank (actual, potential and near misses) in order to identify the losses’ trends and root causes in compliance with SAMA, board and operational risk committee requirements.
• Ensure the development of analytical reportsregarding the performance of the Key Result Indicators (KRIs), informing accordingly his/her manager and concerned departments about the implementation of corrective actions in order to identify and mitigate area of potential risks.
• Contribute to the identification ofopportunities for continuous improvement of business processes, productivityand cost reduction.
• Prepare timely and accurate statements andreports to meet operational / business requirements, policies and standards.
• Perform other related duties or assignments as directed.
Job Details
| Date Posted: | 2014-12-24 |
| Job Location: | Jeddah , Saudi Arabia |
| Job Role: | Accounting/Banking/Finance |
| Company Industry: | Banking |
Preferred Candidate
| Career Level: | Entry Level |
| Nationality: | Saudi Arabia |
| Degree: | Bachelor's degree / higher diploma |
Apply Now - Jobs in Saudi Arabia - Accounting/Banking/Finance Jobs in Saudi Arabia - Search All Jobs
Company:
Date Posted: December 24, 2014 at 06:32AM
Apply Directly Here
Operational Risk Officer - National Commercial Bank
No comments:
Post a Comment