153 Risk Manager jobs in Bahrain
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
- 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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Key Responsibilities:
- Develop, implement, and maintain the organization's risk management framework and policies.
- Identify, assess, and monitor key financial risks, including market risk, credit risk, operational risk, and liquidity risk.
- Conduct quantitative analysis of financial data to measure and report on risk exposures.
- Develop and utilize risk models and stress testing scenarios to evaluate potential impacts.
- Ensure compliance with regulatory requirements and reporting standards (e.g., Basel Accords, local financial regulations).
- Collaborate with business units to integrate risk management principles into strategic decision-making.
- Prepare comprehensive risk reports for senior management and the board of directors.
- Provide training and guidance to staff on risk management best practices.
- Monitor industry trends and regulatory changes impacting financial risk management.
- Lead or participate in special projects related to risk management enhancements and initiatives.
- Master's degree in Finance, Economics, Mathematics, Statistics, or a related field.
- Minimum of 5-7 years of experience in financial risk management within the banking or financial services sector.
- Strong knowledge of financial markets, instruments, and risk management methodologies.
- Proficiency in quantitative analysis, financial modeling, and statistical software (e.g., R, Python, MATLAB).
- Familiarity with regulatory frameworks and compliance requirements in the financial industry.
- Excellent analytical, problem-solving, and critical thinking skills.
- Strong written and verbal communication skills, with the ability to present complex information clearly.
- Leadership qualities and the ability to influence stakeholders at all levels.
- Relevant professional certifications such as FRM or CFA are highly desirable.
Senior Financial Risk Manager
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Job Viewed
Job Description
- Develop and implement comprehensive financial risk management strategies.
- Identify, assess, and monitor financial risks across the organization.
- Conduct stress testing and scenario analysis for capital adequacy and liquidity management.
- Ensure compliance with relevant financial regulations and reporting requirements.
- Prepare risk reports and present findings to senior management and the board.
- Develop and implement risk mitigation plans and control measures.
- Collaborate with business units to embed risk awareness and best practices.
- Master's degree in Finance, Economics, Mathematics, or a related quantitative field.
- Minimum of 7 years of experience in financial risk management, preferably within the banking or financial services sector.
- Strong knowledge of financial instruments, markets, and risk modeling techniques.
- Experience with regulatory frameworks such as Basel III.
- Excellent analytical, quantitative, and problem-solving skills.
- Proficiency in risk management software and data analysis tools.
- Strong leadership and communication skills, with the ability to influence stakeholders.
Senior Financial Risk Manager
Posted today
Job Viewed
Job Description
- Develop and implement enterprise-wide risk management frameworks
- Identify, assess, and monitor financial risks (market, credit, operational, liquidity)
- Design and validate risk models and methodologies
- Establish and enforce risk policies, limits, and controls
- Ensure compliance with relevant financial regulations
- Provide insightful risk reporting to senior management and regulators
- Foster a strong risk-aware culture throughout the organization
- Master's degree or Ph.D. in Finance, Economics, Mathematics, or a related quantitative field
- Minimum of 7 years of progressive experience in financial risk management
- In-depth knowledge of financial markets, instruments, and risk management principles
- Expertise in risk modeling, quantitative analysis, and regulatory compliance
- Proficiency in statistical software and programming languages (e.g., Python, R, SQL)
- Strong leadership, strategic thinking, and problem-solving abilities
- Excellent communication and presentation skills, with the ability to convey complex information clearly
- Experience in a remote work environment is a plus
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Senior Financial Risk Manager
Posted today
Job Viewed
Job Description
Responsibilities:
- Develop and implement robust financial risk management frameworks.
- Identify, assess, and monitor market, credit, operational, and liquidity risks.
- Quantify risk exposures using advanced modeling techniques.
- Establish and enforce risk policies and procedures.
- Ensure compliance with regulatory requirements and industry best practices.
- Prepare risk reports for senior management and regulatory authorities.
- Advise on risk mitigation strategies and capital allocation.
- Conduct stress testing and scenario analysis.
- Master's degree in Finance, Economics, or a quantitative field.
- FRM or PRM certification is highly preferred.
- Minimum of 7 years of experience in financial risk management.
- Expertise in risk modeling, quantitative analysis, and regulatory compliance.
- Proficiency in financial software and data analysis tools.
- Strong leadership and communication skills.
- Ability to manage complex projects and drive strategic initiatives.
Senior Financial Risk Manager
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Job Description
Senior Financial Risk Manager
Posted today
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