Manager - Outsourcing & Third Party Risk

Job Purpose

Lead the implementation of Outsourcing and Third-Party Risk policies to ensure compliance with regulatory
obligations and best practices. Support the development of risk metrics for effective monitoring, reporting, and
integration with other risk types to enable coordinated mitigations with stakeholders.

Key Responsibilties

Support the development and maintenance of Bank's Outsourcing & Third-Party risk governance policies and procedures to enable effective management.

Implement a continuous monitoring program, whereby information flow is established across the lines of defense in the endeavor to minimize the effects of Outsourcing risk and Third-Party risk.

Ensure comprehensive, accurate and timely reporting on Outsourcing risk and Third-Party risk matters to Management and Board.

Implement Outsourcing risk assessment and Third-party risk assessments programs and ensure remediation plans are comprehensively and timely concluded.

 Conduct materiality assessment and risk assessment on outsourcing engagements and ensure that similar approaches are extended onto all material Third party engagements.

Engage with internal stakeholders to ensure that Outsourcing engagements remain aligned with the regulations published by CBUAE.

Mentor and develop team member skills by cross training with goal of embedding Outsourcing risk and Third-Party risk view in overall risk management.

Review own performance and deliverables in line with the approved KPI's to ensure meeting desired objectives.

Education

Bachelor's degree or Master's degree in e.g., Business Administration, Risk Management or others is required.

Work Experience

Minimum of 6-8 years of work experience in Risk Management and analytics in the Banking industry.