Job DescriptionSupport the development and maintenance of Bank’s Outsourcing & Third-Party risk governance policies and procedures to enable effective management.Implement a continuous monitoring program, whereby information flow is established across the lines of defense in the endeavor to minimize the effects of Outsourcing risk and Third-Party risk.Ensure comprehensive, accurate and timely reporting on Outsourcing risk and Third-Party risk matters to Management and Board.Implement Outsourcing risk assessment and Third-party risk assessments programs and ensure remediation plans are comprehensively and timely concluded.Conduct materiality assessment and risk assessment on outsourcing engagements and ensure that similar approaches are extended onto all material Third party engagements.Engage with internal stakeholders to ensure that Outsourcing engagements remain aligned with the regulations published by CBUAE.Mentor and develop team member skills by cross training with goal of embedding Outsourcing risk and Third-Party risk view in overall risk management.Review own performance and deliverables in line with the approved KPI's to ensure meeting desired objectives.Competencies/SkillsMinimum of 5 years of work experience in Risk Management and analytics in the Banking industry.Minimum 3 years work experience in Outsourcing Risk domain building frameworks and conducting assessmentSharia Principles of Islamic FinanceIslamic Modes of FinanceAnalytical AbilityOutsourcing and Third-Party Risk MonitoringOutsourcing and Third-Party Risk AssessmentBanking Products, Services and Operations KnowledgeBank Systems KnowledgeMIS Generation and AnalyticsRegulatory and Compliance Knowledge
