VP, Operational Risk and Control

Role Overview

VP, Operational Risk and Control at First Abu Dhabi Bank (FAB), based in Abu Dhabi. This role plans, directs, coordinates, and oversees the Operational Risk Framework across Group Operations and Credit Administration, improving the quality of risk assessments and internal controls while enhancing operational efficiency.

Role Purpose

The VP of Operational Internal Control & Governance will develop and implement comprehensive operational risk management strategies to safeguard the bank's assets and reputation. The role combines strategic oversight of risk frameworks with independent leadership to manage operational risk and drive continuous improvement in Group Operations and Credit Administration.

Key Responsibilities

Strategy & Framework Development

• Develop, implement, and manage comprehensive operational risk management strategies to safeguard the bank's assets and reputation.
• Lead the design and execution of effective control frameworks to ensure compliance with regulatory requirements and internal policies.
• Collaborate with senior leadership to establish risk appetite and tolerance levels, aligning with overall business objectives.
• Provide strategic direction for the development and enhancement of risk metrics and key performance indicators (KPIs).
• Manage and govern effective implementation of OICG functional policies, procedures, and controls covering all areas of assigned department activity.

Risk Assessment & Mitigation

• Conduct regular risk assessments and control evaluations to identify emerging risks and implement proactive measures.
• Oversee the identification, assessment, and mitigation of operational risks across various business units and processes.
• Assist in ensuring Anti-Money Laundering, Central Bank Guidelines, and other internal policies and procedures are strictly followed, with deviations reported as prescribed.

Continuous Improvement & Operations

• Drive continuous improvement initiatives in operational processes to optimize efficiency and minimize risk exposure.
• Implement robust tools and processes for identification of opportunities for continuous improvement and sustainability of systems, processes, and practices considering global standards, productivity improvement, and cost reduction.

Culture & Compliance

• Foster a risk-aware culture by promoting awareness, education, and training initiatives in Group Operations and Credit Administration.
• Always demonstrate compliance to the organization's values and ethics to support the establishment of a value-driven culture within the bank.
• Functions within the framework and boundaries of Group policies as well as overall organizational and governance frameworks; authorized to take decisions as per the approved authorization matrix.

Team Leadership & Development

• Lead and manage a team of managers and supervisors, providing guidance, coaching, and support to drive performance and employee development.
• Assist Head of OICG & APM in recruitments and interview processes for the OICG—Operational Internal Control & Governance department.
• Provide constructive and timely performance evaluations of OICG staff.

Reporting & Stakeholder Management

• Report to the Head of OICG & APM on a regular basis regarding the state of affairs of the department, Group Operations, and Credit Administration.

Qualifications & Experience

• Bachelor's degree in a relevant field.
• Extensive experience in operational risk management and control within the financial services industry.
• Strong understanding of regulatory requirements and industry best practices related to operational risk.
• Proven leadership skills with the ability to influence and collaborate at the executive level.
• Demonstrated experience managing and developing high-performing teams.

Skills & Competencies

• Excellent communication skills, both written and verbal, to articulate complex concepts to diverse audiences.
• Ability to thrive in a dynamic and fast-paced environment.

Additional Information

Preferred Qualifications

• Advanced degree (MBA, MSc) preferred or related discipline.
• Professional certifications in the field of Operational Risk Management or equivalent are highly desirable.