AVP, Third Party Risk Management – Operational Risk

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Mashreq

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 1967

🏦 Banking

💸 Finance

💳 Fintech

Banking • Finance • Fintech

Mashreq is a leading financial institution based in the UAE, offering a wide range of banking services including personal, corporate, and investment banking. The bank focuses on providing innovative financial solutions to its customers and has a strong digital banking presence.

📋 Description

• Lead the design and deployment of a firm-wide TPRM framework (including outsourcing governance framework). • Manage the ongoing TPRM program which includes an integrated approach for assessing and mitigating the risk of new and existing third-party suppliers. • Ensure that risks associated with Third Party relationships, before and after entering into contracts, are sufficiently identified, assessed, monitored and controlled. • Manage and enhance the governance model to provide ongoing monitoring and oversight of the risks posed by third parties. • Monitor and update third-party risk assessment framework to respond and adhere to new and existing regulatory guidelines and initiatives. • Lead third-party risk segmentation, deploy and maintain up-to-date annual attestations by contract owners. • Develop reports for use by business areas and senior management regarding third-party risks. • Identify and escalate key items of concern regarding new and existing current third parties, including the potential of concentration risk and fourth-party risk exposures. • Partner with sourcing partners, Operational Risk Team, Information Security and Technology Risk Team, Compliance, Legal, business areas and other assurance functions in the second and third line of defense to identify third-party risks and escalate those risks appropriately. • Support Head of TPRM in addressing the Central Bank, Internal Audit, and Compliance observations. • Monitor the first line Business Units’ status of the RCSA, ORE, KRI, Issues & Actions and NPPA programs; • Perform detailed analysis on the outputs of the Group operational risk management programs; • Maintain ongoing monitoring of the Bank’s Operational Risk profile at a Business Unit level; • Maintain compliance to regulatory requirements and create environment for continuous improvements. • Provide user support and ensure ongoing management of the Group operational risk program design on prism, the Bank’s Operational Risk Management Information System.

🎯 Requirements

• Minimum of 5-7 years focused expertise on Third-Party Risk Oversight, Vendor Governance, Risk Management, Operational Risk • Proven related financial services experience, risk & regulatory related experience is highly desired • Third Party Vendor experience preferred • Broad and deep third-party risk technical knowledge • Strong people management, internal consulting, and partnering skills • Ability to influence with or without authority to achieve desired outcomes • Balance and successfully manage competing priorities

🏖️ Benefits

• Health insurance • Flexible work arrangements • Professional development opportunities