Senior Analyst - Third Party Risk Management

RAKBANK
Dubai
Workplace: OnsiteFull timeFunction: Legal, Risk & ComplianceExperience: 5+ yearsEducation: bachelorsSkills: ["Analytical thinking","Problem-solving","Stakeholder management","Risk evaluation","Policy adherence"]

Support offshore third-party risk assessments and vendor due diligence, ensuring accurate vendor risk classification and criticality analysis. Monitor compliance with regulatory requirements, internal policies, and the bank’s third-party risk framework. Maintain the vendor risk register and deliver risk reports, dashboards, and due diligence summaries for stakeholders and senior management. Act as an escalation point for complex vendor risk issues and drive continuous improvements in vendor governance and reporting.

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FursaFursa
RAKBANK
RAKBANK
1 day ago

Senior Analyst - Third Party Risk Management

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Last checked: 22 hours agoStatus: Live

Job Summary

Support offshore third-party risk assessments and vendor due diligence, ensuring accurate vendor risk classification and criticality analysis. Monitor compliance with regulatory requirements, internal policies, and the bank’s third-party risk framework. Maintain the vendor risk register and deliver risk reports, dashboards, and due diligence summaries for stakeholders and senior management. Act as an escalation point for complex vendor risk issues and drive continuous improvements in vendor governance and reporting.
Location: Dubai
Workplace: Onsite
Employment Type: Full time
Job Function: Legal, Risk & Compliance
Seniority: Manager level

Key Responsibilities

  • •Support and oversee offshore third-party risk assessment and vendor due diligence activities.
  • •Ensure vendor risk classification and assessment of vendor criticality, risk exposure, and business impact.
  • •Monitor compliance with regulatory requirements, internal policies, and the third-party risk management framework.
  • •Maintain and monitor the vendor risk register and ensure timely tracking and mitigation of identified risks.
  • •Prepare and present risk reports, dashboards, management information, and due diligence summaries, including escalation of complex issues and overdue activities.

Pay and Benefits

Perks:Health InsuranceLife Insurance

Key Requirements

  • •5+ years’ experience in banking/financial services focused on vendor management, operational risk management, or third-party risk management/vendor governance within Procurement.
  • •At least 2 years in a supervisory role.
  • •Bachelor’s or master’s degree in risk management, Business Administration, Finance, Information Security, or a related field.
  • •CIPS Certification.
  • •Knowledge of vendor management best practices and regulatory requirements, with strong analytical and problem-solving skills.
Experience:5+ yearsBankingFinancial servicesVendor managementOperational risk managementThird-party risk managementProcurementRisk management
Education:Bachelor's in risk management, Business Administration, Finance, Information Security or related field
Skills:Analytical thinkingProblem-solvingStakeholder managementRisk evaluationPolicy adherence
Certifications:CIPS

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