Head of Operational Risk Management

Key Accountabilities:

• Develop and oversee the Operational Risk Management frameworks (policy, procedures, and methodologies/tools) in alignment with the regulatory requirements & international best practices.
• Review & ensure the proper handling of the submitted incidents in terms of analyzing, classifying, assessing the operational risks and the proposed corrective/preventive controls.
• Ensure the adoption of the best practice in regard to Risk and Control Self-Assessment (RCSA) process.
• Develop, Monitor, and escalate any breaches in KRIs on a timely manner.
• Monitor operational risk losses, ensure the proper reconciliation with the financials & the accurate reporting & segregation of the different types of losses.
• Set the criteria to assess/mitigate the operational risk in new/updated products/services and outsourcing activities of the bank
• Assess the risk in the new /updated procedures/ forms/ contracts/projects of the bank.
• Handles ICAAP items related to Operational Risk Management.
• Ensure accurate & proper preparation on a timely manner of Operational Risk reports for regulatory, group, risk committee & Head of ERM reporting.
• Provide awareness for the new hires and ABK-Egypt existing staff.
• Coordinate with all other control departments on frequent basis (Audit, Fraud, Compliance and internal control etc.) to promote a strong risk culture throughout the organization

Experience:

• A minimum of 15 years of banking experience ideally in Operational risk management and control functions
• Strong knowledge of BASEL and the regulatory /compliance requirements
• Proven leadership and team building capabilities.