Deputy Head of Operational Risk

1. Term: 4 months for project (possibility to extend to subsequent implementation phase)
2. Job location: Riyadh, KSA
3. Experience requirement: 10+ years
4. Project scope: Deputy Head of Operational Risk / Deputy Head of Operational Risk
5. Search Closure Date: - 13 March, 2024

Role and Focus Areas:

• Reports to Head of Risk
• In-depth experience in of Operational Risk Management related to Cyber, Fraud
• Focus on risk management and in particular operations/operational risk (rather than credit risk)
• Strong understanding and holistic view of operational risk within Retail Bank (downside and upside) and mitigation measures
• Knowledge of how to tackle fraud-related issues, cyber threats and beyond across transaction types (card payments, account-to-account, remittances) and segments (consumers, SMEs, merchants)
• GCC experience is preferable, and particularly KSA experience

Project Detail:

• Objective of the engagement is to help Risk become an enabler to the banks retail business, vs. a blocker e.g. optimize authorization parameters for create right balance between risk and customer experience for e.g., typically the fraud related rules are very strict i.e.. all Apple Pay transactions are blocked if a few instances of fraud are discovered etc.; certain merchants may be blocked across consumers (even if issues are isolated); or restrictions to transact with a Country may be implemented through a 'blanket approach' if country appears on a specific list
• Expert would support the bank's Risk Executives and risk team in creating an end-to-end operational risk management strategy, focused on fraud and cyber risks
• Expert would drive the creation of a 3-month Operational Risk assessment & support in delivering a recommendation report