Operational Risk Analyst (UAE National)

RAKBANK
Dubai
Workplace: OnsiteFull timeFunction: Legal, Risk & ComplianceExperience: 2+ yearsSkills: ["Analytical","Stakeholder management","Communication","Presentation","Detail-oriented"]

Act as a Retail Banking Risk Partner to strengthen operational risk governance and controls. Administer the Operational Risk Management Framework, facilitate Risk and Control Self-Assessments (RCSA), run control testing, and monitor Key Risk Indicators (KRIs). Manage operational risk incidents, coordinate risk acceptance submissions, and deliver dashboards and management reports. Lead process and customer journey reviews, recommending and implementing improvements through root-cause analysis and remediation.

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FursaFursa
RAKBANK
RAKBANK
2 months ago

Operational Risk Analyst (UAE National)

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Source: Company careers pageValidated by: Fursa AI
Last checked: 1 hour agoStatus: Live

Job Summary

Act as a Retail Banking Risk Partner to strengthen operational risk governance and controls. Administer the Operational Risk Management Framework, facilitate Risk and Control Self-Assessments (RCSA), run control testing, and monitor Key Risk Indicators (KRIs). Manage operational risk incidents, coordinate risk acceptance submissions, and deliver dashboards and management reports. Lead process and customer journey reviews, recommending and implementing improvements through root-cause analysis and remediation.
Location: Dubai
Workplace: Onsite
Employment Type: Full time
Job Function: Legal, Risk & Compliance
Seniority: Mid level

Key Responsibilities

  • •Administer and maintain the bank’s Operational Risk Management Framework, tools, and governance processes.
  • •Facilitate RCSA and conduct control testing to identify risks and control effectiveness gaps, ensuring timely remediation.
  • •Monitor, analyze, and report KRIs and manage operational risk incidents from logging through root cause analysis, tracking, and closure.
  • •Develop and present risk dashboards and management/escalation reports to senior stakeholders to support decision-making.
  • •Conduct end-to-end process and customer journey reviews, lead root cause analysis, and drive process re-engineering and improvement initiatives.

Key Requirements

  • •2+ years of experience in Banking or Financial Services, preferably within a First Line of Defense (1LOD), Risk, Operations, or Controls environment.
  • •Strong understanding of Operational Risk Management, governance frameworks, and internal controls.
  • •Experience conducting Risk & Control Self-Assessments (RCSA), control reviews, or process assessments.
  • •Ability to identify operational risks and control gaps and recommend practical remediation actions.
  • •Experience in incident management, root cause analysis, and process improvement initiatives.
Experience:2+ years
Skills:AnalyticalStakeholder managementCommunicationPresentationDetail-oriented

Eligibility

Nationality:UAE National

Company Brief

RAKBANK
RAKBANK is a United Arab Emirates-based bank offering personal, business, and commercial banking services, including accounts, cards, loans, deposits, and digital banking products. It serves retail customers and SMEs across the UAE.
Industry: Banking
Company Size: Large (251 to 1,000 employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Ras Al Khaimah, United Arab Emirates
Founded: 1976
WebsiteLinkedIn