You will liaise with the Dubai management and risk management department to ensure that effective risk management monitoring tools are in place to identify and monitor all areas of risk. You will also undertake any aspects of risk management processes and arrangements as well as actively liaise and interact with colleagues about relevant departments within the EMEA Region on the identification and implementation of any remediation plans / mitigation actions arising as required by the Dubai management.
Your responsibilities will include risk assessment which involves analysing risks as well as identifying, describing and estimating the risks affecting the Dubai office. Preparing, co-ordinating and presenting a Dubai branch risk report including the existing risk dashboard and other general risk related items to the banks monthly local management committee. In addition, you will engage with all relevant parties locally and within the EMEA region to identify changes in risk profile, understand key business processes, new products and services and ensure ongoing maintenance of the risk register as depository of all identified risks.
You will ensure that all key activities and issues arising are appropriately escalated and discussed with the risk coordinator RMDE via regular meetings, video-conferences or conference calls. Ensure that all relevant local risk management documentation including any policies, guidelines and procedures are reviewed and updated in a timely manner to ensure ongoing appropriateness which in the case of the risk management policy shall be at least annually. You will also ensure that all elements of the risk management framework are kept under continuous review and enhanced where appropriate in line with the evolving best practice within the bank and the industry. In addition, you will liaise with the local authorities / regulators on all risk management related aspects as well as assist on any project at EMEA level related to risk management. You will actively promote and work at the establishment of a strong risk culture in the Dubai office, closely monitoring regulatory developments and escalating to senior management on a timely basis.