Accountabilities and Key Roles:
- Establish robust monitoring mechanisms to track third-party activities and performance against contractual obligations and regulatory standards.
- Develop comprehensive reporting frameworks to communicate key risk metrics, trends, and emerging issues to relevant stakeholders.
- Conduct periodic reviews and audits to ensure ongoing compliance with established risk management policies and procedures.
- Collaborate with internal audit and compliance teams to address any identified deficiencies and implement corrective actions.
- Stay abreast of industry trends, regulatory changes, and emerging risks related to third-party relationships, and recommend adjustments to the risk management framework as needed.
- Serve as a subject matter expert on third-party risk management matters, providing guidance and training to employees across the Bank.
- Develop and maintain comprehensive documentation of third-party risk management processes, policies, and procedures.
Job Requirements:
Education:
- Bachelor's Degree in Business, Finance, IT or a related field from a recognized university.
- Advanced degree or professional certification (e.g., Certified Third Party Risk Professional) preferred.
Experience:
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- 5 years of experience in risk management, vendor management, IT Procurement or related roles within the banking or financial services industry.
Competencies:.
- Fluent in English and Arabic.
- Excellent analytical and problem-solving skills, with the ability to assess complex risks and develop effective mitigation strategies.
- Exceptional communication and interpersonal skills, with the ability to collaborate effectively with internal and external stakeholders at all levels of the organization.
- Proven project management skills, with the ability to prioritize and manage multiple initiatives simultaneously.
