138 Operational Risk jobs in Bahrain
Operational Risk Consultant
Posted today
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Our client is one of the leading banks in the Kingdom of Bahrain and MENA, which was established 20+ years ago. They are currently looking for a **Consultant - Operational Risk (12 month contract/Renewable) **to be based in Bahrain.
**Duties & Responsibilities**:
- Operational Risk Event reporting.
- Coordination for error resolution.
- Monitoring Key Risk Indicators.
- Management and Regulatory Reporting.
**Qualification & Requirements**:
- Chartered Account qualification.
- Previous work experience in the Banking industry.
- Data Access and Reporting skills.
- Vulnerability Assessments.
- Ad Hoc Reporting.
- Oral/Written Communications skills.
- Risk Management skills.
**Salary**: From BD1,000.000 per month
Application Question(s):
- Are you willing to accept a 12-months renewable contract?
- Do you have banking experience ?
**Experience**:
- Operational Risk: 1 year (required)
Assistant Manager, Operational Risk
Posted 10 days ago
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Job Description
Bank ABC seeks to recruit an Assistant Manager, Operational Risk in the Group Operational Risk Management Department based in our Head Office, in Bahrain.
The Assistant Manager, Operational Risk will be required to contribute to the development and implementation of operational risk framework across the ABC Group and provide second-line oversight and challenge to the management of operational risk by the first line, across the group and in Bahrain.
This includes:
- Engaging with the first line on identification, assessment, and mitigation of operational risk
- Facilitate implementation of the group-wide framework for management of operational risk in Bahrain and other Units
- Collaborate with other second line non-financial Risk Departments on matters related risk management
- Representing risk in efforts to launch new products, change processes, implement systems, etc.
- Analysis of risk data and translating same in action plans
- Reporting of risks and status of risk management
- Preparation for Operational Risk Committees
- Raising awareness and promoting best practices for the management of operational risk.
- Assistance with the further development of the framework for the management of operational risk
Responsibilities of the role:
Reporting to the Operational Risk Manager, the job holder will be responsible for the following:
- Draft the Group Policies, Standards and Procedures (PSPs) and supporting tools and ensure effective implementation through providing training
- Facilitate the management of operational risk across the Units.
- Implementation of the group-wide framework for the management of operational risk;
- Organization and facilitation of risk management workshops;
- Coordination and facilitation of the implementation of the various policies and procedures in the Units
- Assistance with the identification of risks and the definition of appropriate controls;
- Assistance with development of action plans to mitigate risks
- Challenging / testing the effectiveness of controls;
- Analysis of risk data such as loss events and other incidents, KRIs, etc. and ensuring that they are translated into appropriate action;
- Investigating risk events and incidents;
- Following up on completion of action plans
- Review - and approve – local policies & procedures to ensure compliance with group standards and policies
- Provide day-to-day training and support to the first and second line and the Units for the management of operational risk.
- Develop and conduct training on Operational Risk for various stakeholders
- Responsible for various Initiatives including Incident Management, Key Risk Indicators, RCSAs as required etc
- Involved with the ICAAP Process in order to assess adequacy of operational risk capital
- Engage on various initiatives such as process improvements and enhancements as required
- Quality control of the various ORM projects (i.e. the reliability of the results of the various risk management projects reported to the Operational Risk Committees and Board Risk Committees both at the local level and at the group level)
- Participate in the review of new products and change management projects (e.g. outsourcing of processes) to ensure that the inherent risks are assessed and mitigated prior to launch/implementation
- Ensure that the management of operational risk is aligned to other non-financial risks (Compliance, IT Risk, BCM, Audit
- Cooperation with other risk and control functions to ensure that all non-financial risks are adequately managed
- Analyze data related to Operational risk in providing insights
- Prepare / oversee the preparation of actionable (consolidated) risk reports for the various internal and external stakeholders.
- Reporting ORM matters to the local/group senior management, the local/group ORCO, the local/group Board Risk Committee, etc. and to the local (“host”) regulators.
- Reporting on the progress against the approved operational risk management planning
- Develop trainings, conduct necessary training and provide guidance to the risk managers in the Unit, subsidiaries, branches and rep offices on all aspects of the management of operational risk management
- Disseminate – and explain - policies and procedures for the management of operational risk to the various stakeholders in the Unit
- Acting as point of contact for local external auditors and regulators in operational risk matters.
- Serving as secretary of the local ORCO.
Areas of Knowledge, Qualification and Experience
- A minimum of 5 years of relevant banking experience.
- Bachelor/ Master’s degree from a reputable university or acceptable equivalent
- Extensive second-line experience providing operational risk oversight in a global/ regional bank.
- Advanced level understanding of business processes, business applications, technology infrastructure related to commercial credits and/or trade finance and/or trading & sales business, risk or support function gained preferable through first line experience
- Excellent understanding of the CBB requirements for Operational Risk Management (OM-1) and familiarity with international regulatory environment in different countries where ABC group operates, best practices and industry standards (COSO, ISO)
- Advanced knowledge of operational risk discipline, and various non-financial risk types including information security, business continuity and disaster recovery, compliance, third-party etc;
- Strong practical experience developing and implementing risk and control frameworks, tools, and methodologies
- Strong written & oral communication / presentation skills;
- Proficient in English & Arabic
- Good time-management skills;
- Driven, Self-motivation and leadership attributes;
- People management and relationship skills;
- Experience leading business critical projects
Assistant Manager, Operational Risk
Posted 10 days ago
Job Viewed
Job Description
Bank ABC seeks to recruit an Assistant Manager, Operational Risk in the Group Operational Risk Management Department based in our Head Office, in Bahrain.
The Assistant Manager, Operational Risk will be required to contribute to the development and implementation of operational risk framework across the ABC Group and provide second-line oversight and challenge to the management of operational risk by the first line, across the group and in Bahrain.
This includes:
- Engaging with the first line on identification, assessment, and mitigation of operational risk
- Facilitate implementation of the group-wide framework for management of operational risk in Bahrain and other Units
- Collaborate with other second line non-financial Risk Departments on matters related risk management
- Representing risk in efforts to launch new products, change processes, implement systems, etc.
- Analysis of risk data and translating same in action plans
- Reporting of risks and status of risk management
- Preparation for Operational Risk Committees
- Raising awareness and promoting best practices for the management of operational risk.
- Assistance with the further development of the framework for the management of operational risk
Responsibilities of the role:
Reporting to the Operational Risk Manager, the job holder will be responsible for the following:
- Draft the Group Policies, Standards and Procedures (PSPs) and supporting tools and ensure effective implementation through providing training
- Facilitate the management of operational risk across the Units.
- Implementation of the group-wide framework for the management of operational risk;
- Organization and facilitation of risk management workshops;
- Coordination and facilitation of the implementation of the various policies and procedures in the Units
- Assistance with the identification of risks and the definition of appropriate controls;
- Assistance with development of action plans to mitigate risks
- Challenging / testing the effectiveness of controls;
- Analysis of risk data such as loss events and other incidents, KRIs, etc. and ensuring that they are translated into appropriate action;
- Investigating risk events and incidents;
- Following up on completion of action plans
- Review - and approve local policies & procedures to ensure compliance with group standards and policies
- Provide day-to-day training and support to the first and second line and the Units for the management of operational risk.
- Develop and conduct training on Operational Risk for various stakeholders
- Responsible for various Initiatives including Incident Management, Key Risk Indicators, RCSAs as required etc
- Involved with the ICAAP Process in order to assess adequacy of operational risk capital
Areas of Knowledge, Qualification and Experience
- A minimum of 5 years of relevant banking experience.
- Bachelor/ Master s degree from a reputable university or acceptable equivalent
- Extensive second-line experience providing operational risk oversight in a global/ regional bank.
- Advanced level understanding of business processes, business applications, technology infrastructure related to commercial credits and/or trade finance and/or trading & sales business, risk or support function gained preferable through first line experience
- Excellent understanding of the CBB requirements for Operational Risk Management (OM-1) and familiarity with international regulatory environment in different countries where ABC group operates, best practices and industry standards (COSO, ISO)
- Advanced knowledge of operational risk discipline, and various non-financial risk types including information security, business continuity and disaster recovery, compliance, third-party etc;
- Strong practical experience developing and implementing risk and control frameworks, tools, and methodologies
- Strong written & oral communication / presentation skills;
- Proficient in English & Arabic
- Good time-management skills;
- Driven, Self-motivation and leadership attributes;
- People management and relationship skills;
- Experience leading business critical projects
Company Industry
- Banking
- Broking
Department / Functional Area
- Data Entry
- Operations
- Back Office Processing
Keywords
- Operational Risk
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People Looking for Assistant Manager, Operational Risk Jobs also searched #J-18808-LjbffrHead of Financial Risk Management
Posted today
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Job Description
Key Responsibilities:
- Develop and implement the enterprise-wide risk management framework, policies, and procedures.
- Identify, assess, and monitor financial risks, including market risk, credit risk, liquidity risk, and operational risk.
- Design and implement risk mitigation strategies and controls.
- Ensure compliance with all applicable banking regulations and capital requirements (e.g., Basel Accords).
- Develop and manage risk models, stress testing scenarios, and sensitivity analyses.
- Prepare regular risk reports for senior management, the board of directors, and regulatory bodies.
- Lead and mentor a team of risk management professionals.
- Foster a strong risk-aware culture throughout the organization.
- Evaluate new financial products and business initiatives for potential risks.
- Collaborate with internal audit and compliance departments to ensure robust control environments.
- Stay current with evolving risk management best practices and regulatory changes.
- Manage relationships with external auditors and rating agencies.
- Contribute to strategic decision-making with a risk-informed perspective.
- Oversee the implementation of risk management technology solutions.
Qualifications: Master's degree in Finance, Economics, Mathematics, or a related quantitative field. Professional certifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) are highly preferred. A minimum of 10 years of experience in financial risk management within the banking or financial services industry is essential. Proven experience in leading and managing risk management functions. In-depth knowledge of financial instruments, markets, and regulatory frameworks. Strong analytical, quantitative, and problem-solving skills. Excellent leadership, communication, and interpersonal abilities. Proficiency in risk management software and data analysis tools.
Head of Financial Risk Management
Posted today
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Job Description
Senior Banking Analyst - Financial Risk Management
Posted today
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Job Description
Responsibilities:
- Analyze and assess financial risks including market, credit, liquidity, and operational risks.
- Develop, validate, and implement risk management models and methodologies.
- Conduct stress testing and scenario analysis to evaluate portfolio resilience.
- Monitor key risk indicators (KRIs) and key performance indicators (KPIs).
- Ensure compliance with banking regulations and internal risk policies.
- Prepare detailed risk reports for senior management and regulatory authorities.
- Collaborate with business units to identify and manage emerging risks.
- Contribute to the development and enhancement of risk management frameworks.
- Stay abreast of industry best practices and regulatory changes in financial risk management.
- Provide insights and recommendations to mitigate identified risks.
- Master's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
- Minimum of 5 years of experience in financial risk management within the banking sector.
- Strong understanding of financial markets, banking products, and regulatory requirements.
- Proficiency in statistical software (e.g., R, Python, MATLAB) and database querying (SQL).
- Experience with financial modeling and risk assessment tools.
- Excellent analytical, problem-solving, and quantitative skills.
- Strong written and verbal communication abilities for reporting and presentation.
- Ability to work effectively in a team environment and collaborate across departments.
- Relevant professional certifications (e.g., FRM, PRM) are highly desirable.
Senior Quantitative Analyst, Financial Risk Management
Posted today
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Job Description
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Senior Quantitative Analyst - Financial Risk Management
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Key Responsibilities:
- Develop, implement, and maintain sophisticated quantitative models for financial risk management.
- Conduct stress testing and scenario analysis to assess portfolio risk under adverse conditions.
- Analyze financial market data to identify trends, patterns, and potential risks.
- Validate model performance and conduct back-testing.
- Contribute to the development and enhancement of risk management frameworks and methodologies.
- Collaborate with trading, portfolio management, and IT teams on risk-related projects.
- Prepare detailed reports and presentations on risk exposures and model results.
- Ensure compliance with regulatory requirements and internal policies.
- Stay abreast of industry best practices and emerging trends in quantitative finance and risk management.
- Mentor junior analysts and contribute to team knowledge development.
Qualifications:
- Master's or Ph.D. degree in a quantitative field such as Finance, Economics, Mathematics, Statistics, or Physics.
- 5+ years of experience in quantitative analysis or risk management within the financial services industry.
- Strong proficiency in statistical modeling, econometrics, and stochastic processes.
- Expertise in programming languages like Python, R, C++, or MATLAB.
- Experience with financial modeling software and data visualization tools.
- In-depth understanding of financial markets, instruments, and risk management principles.
- Knowledge of regulatory frameworks such as Basel III or Solvency II is a plus.
- Excellent analytical, problem-solving, and critical thinking skills.
- Strong communication and presentation skills.
Join our client's robust finance department in A'ali, Northern, BH and contribute to sophisticated financial risk management.
Senior Quantitative Analyst - Financial Risk Management
Posted today
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Job Description
Key responsibilities include designing, developing, validating, and implementing quantitative models for credit risk, market risk, operational risk, and liquidity risk. You will utilize advanced statistical techniques, econometrics, and machine learning methodologies to enhance risk measurement and forecasting capabilities. The Senior Quantitative Analyst will be responsible for maintaining and improving existing risk models, ensuring their accuracy, reliability, and compliance with regulatory requirements (e.g., Basel Accords, IFRS 9). This involves conducting rigorous back-testing and sensitivity analysis. You will collaborate closely with business units, IT, and compliance teams to understand risk management needs and integrate quantitative solutions into business processes. This role also entails preparing detailed documentation for models and methodologies, presenting findings to senior management, and providing analytical support for strategic decision-making. The quantitative analyst will also contribute to the development of new risk management frameworks and tools, staying abreast of industry best practices and regulatory changes. This position requires a strong understanding of financial markets and instruments.
Essential qualifications include a Master's degree or Ph.D. in a quantitative field such as Mathematics, Statistics, Economics, Physics, or Financial Engineering. A minimum of 6 years of relevant experience in quantitative analysis, risk management, or financial modeling within a banking or financial services environment is required. Proven expertise in statistical modeling, time series analysis, Monte Carlo simulations, and programming languages such as Python, R, or C++ is mandatory. Strong knowledge of financial regulations and risk management frameworks is essential. Excellent analytical, problem-solving, and critical thinking skills are necessary. Outstanding communication and presentation skills are required to explain complex quantitative concepts to both technical and non-technical audiences. The ability to work independently and collaboratively in a fast-paced environment is crucial. This is an exceptional opportunity for a talented quantitative professional to make a significant impact on financial risk management.
Senior Actuarial Analyst - Financial Risk Management
Posted 3 days ago
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Job Description
The core responsibilities include performing complex actuarial calculations for pricing, reserving, and capital modeling purposes, adhering strictly to regulatory requirements and industry best practices. You will be tasked with evaluating the financial impact of new products, business initiatives, and changes in the economic environment. This involves intricate data analysis, validation of models, and clear communication of findings to senior management and regulatory bodies. The role demands a proactive approach to identifying and quantifying financial risks, including those related to market fluctuations, credit, operational failures, and regulatory changes. You will also play a key role in the development and implementation of robust internal control frameworks and stress testing exercises to assess the company's resilience under various adverse scenarios. Mentoring junior analysts and contributing to the continuous improvement of actuarial processes and methodologies are also integral parts of this position.
Qualifications:
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
- A minimum of 5-7 years of relevant actuarial experience within the insurance industry.
- Progress towards or attainment of actuarial fellowship (e.g., FSA, FIA, or equivalent) is highly desirable.
- Strong proficiency in actuarial software (e.g., Prophet, R, Python) and advanced Excel skills.
- In-depth knowledge of insurance regulations and solvency frameworks (e.g., Solvency II, IFRS 17).
- Proven ability to interpret complex financial data and translate it into actionable insights.
- Exceptional analytical, quantitative, and problem-solving abilities.
- Excellent written and verbal communication skills, with the ability to present technical information clearly.