Associate – Operational Risk

About the role

The Associate, Operational Risk will support the development and implementation of operational risk policies, procedures and Key Risk Indicators (KRIs) across the firm. Working closely with all departments, the role ensures risk assessments are performed, controls are documented and regulatory requirements are met.

Key responsibilities

• Develop and maintain KRIs for major risk categories in collaboration with other departments.
• Coordinate bottom‑up operational risk measurement exercises and review results regularly.
• Aggregate and analyse risk events reported by business units, classifying them according to Basel II categories.
• Maintain and update the group’s risk and control registers.
• Prepare reports for the Risk Forum, Executive Management and the Board Risk & Audit Committee.
• Report monthly on the implementation of top and emerging risk action plans to Executive Management.
• Assist Principal Risk Owners and Coordinators in identifying key risks, mitigating controls and action plans.
• Support the development of the annual Anti‑Fraud training course and Business Continuity Planning framework.
• Ensure compliance with AML/CTF regulations, complete required training and respond to related inquiries promptly.

Required profile

• Bachelor’s degree in Business Administration, Finance, Economics or a related discipline.
• 2–4 years of experience in business process risk identification, root‑cause analysis, KRI development and operational risk management.
• Excellent command of Arabic and English, with strong written and verbal communication skills.

Required skills