Operational Risk Analyst (Emiratisation)

Role Overview

Operational Risk Analyst at RAK BANK, Business Banking team, located in the United Arab Emirates. This role is exclusively open to UAE Nationals as part of the Bank's Emiratisation commitment.

Company Overview

RAK BANK is committed to developing Emirati talent and supporting the UAE's Emiratisation vision. The organization is dedicated to attracting, developing, and empowering Emirati talent through meaningful career opportunities, structured development programmes, mentoring, and clear career progression pathways.

Role Purpose

Support the implementation and maintenance of operational risk management frameworks, governance, process improvement, and operational controls while contributing to the Bank's risk and control framework across the Business Banking division.

Key Responsibilities

Risk Management & Frameworks

• Support the implementation and maintenance of operational risk management frameworks and tools across Business Banking.
• Facilitate Risk and Control Self-Assessments (RCSA) to identify and assess operational risks and control effectiveness.
• Monitor and report Key Risk Indicators (KRIs), highlighting emerging risks and trends.

Control Testing & Compliance

• Conduct control testing and identify process, system, training, and compliance gaps, ensuring timely remediation.

Incident Management

• Investigate, track, and support the resolution of operational risk incidents.

Reporting & Governance

• Prepare management reports, dashboards, risk updates, and governance presentations.

Process & Business Review

• Review business processes and customer journeys to identify opportunities for enhanced controls, operational efficiency, and improved customer experience.

Stakeholder Management

• Partner with stakeholders across Risk, Compliance, Credit, Operations, Treasury, and Business Banking to strengthen governance and risk management practices.

Qualifications & Experience

• UAE National with Family Book required.
• Bachelor's Degree or equivalent qualification.
• Minimum 2 years of experience in banking, financial services, risk management, operations, business analysis, or related disciplines.

Skills & Competencies

• Strong analytical and problem-solving skills.
• Ability to work independently and manage multiple priorities effectively.
• Strong communication and stakeholder management skills.
• Proficiency in Microsoft Office applications and data analysis.
• Interest in Risk Management, Governance, Controls, and Banking Operations.