Head - Enterprise Risk Advisory and Internal Control

JOB PURPOSE

To lead and manage enterprise risk advisory, final assessment of internal controls, monitoring, reporting and escalation to ensure the bank is adequately protected from a regulatory and operational risk perspective.  

ACCOUNTABILITIES  

Enterprise Risk Advisory

Implement and administer an Enterprise Risk Approval Process (ERAP) that oversees the review of new products and services and provide approval/sign off to ensure regulatory, financial crime and operational risks are appropriately identified and mitigated prior to their launch.

Provide integrated regulatory, financial crime and operational risk advisory to all business units within ADCB, in consultation with Group Compliance and Enterprise Risk units, in order to ensure they are aware of and understand regulatory and operational risk requirements and the actions required in order to comply with these.

Analyze newly issued, amended and draft regulations, assist the business to review existing processes, identify areas of impact and create implementation plans to incorporate adequate controls in order to comply with newly issued or amended regulatory requirements.

Develop and implement bank wide control testing sampling, review procedures and, in consultation with Operational Risk Management, cooperate with business operational risk managers (BORMs) to review quality of control testing to ensure the numbers and data reviewed is a representative sample and the testing results are accurate.

Internal Control, Monitoring and Reporting

Create a schedule for and oversee/perform scheduled reviews and based on the findings, identify gaps and recommend corrective actions to rectify these in order to ensure the bank is protected from a regulatory and operational risk perspective.

Consolidate and report on the quality of control testing including KIs and RCSA for all business and support functions throughout ADCB to ensure required quality standards are met.

Review bank wide policies and procedures from a regulatory, financial crime and operational risk perspective to ensure

adequate controls are in place.

Internal and External Audits

Coordinate internal and external ISO/UAE Central Bank audits and regulatory reviews, provide support with audit deliverables, tracking of engagements, monitoring of issues and corrective action plans in order to ensure issues raised during audit process are addressed and controls are enhanced based on the learnings from the audit process.

People Management

Manage self and team in line with ADCB’s people management policies, procedures, processes and practices to ensure adherence and to maximise own and employee contribution to business performance.

Manage the effective achievement of the team’s objectives through setting individual objectives, managing performance, developing the team and providing formal and informal feedback to maximise overall performance, engagement and motivation.

Budget Management

Contribute to the preparation of the business area’s budget and manage and monitor the financial performance against the budget so that areas of unsatisfactory performance are identified, rectified promptly and potential performance improvement opportunities are capitalised upon.

Policies, Processes, Systems and Procedures

Recommend and implement improvements to departmental policies, procedures and processes covering all areas of activity so that all relevant procedural requirements are fulfilled while ensuring that ADCB delivers best-in-class services, products and innovation.

Continuous Improvement

Identify opportunities to contribute to organisational and departmental change initiatives, programmes and projects taking into account best practice and standards in the business environment.

Customer Service

Demonstrate Our Promise and apply the ADCB Service Standards to deliver the bank’s required levels of service in all internal and external customer interactions

Minimum Experience

At least 8 years of experience in banking/financial services in a supervisory capacity with at least 5 years of experience in a compliance and operational risk environment

Minimum Qualifications

Bachelor’s Degree in Finance, Accounting, Economics or Business Administration

Knowledge and Skills

Microsoft Office (Word, Excel and PowerPoint)Understanding of UAE Banking rules and regulationsKnowledge of international banking best practices