Head of Operational and Financial Risk Management

1 day ago

Muscat, Muscat, Oman beBee Careers Full time

Role Statement

The Head of Operational and Fraud Risk Management is responsible for leading the operational and fraud risk management unit in a bank. The role entails maintaining a comprehensive risk management framework to minimize operational risks.

Key Objectives

Operational Risk Management:
  • Maintain and monitor an effective Operational Risk Management (ORM) framework with Key Risk Indicators (KRIs) across the institution.
  • Analyze trends and implement preventive measures to drive reduction in recurring operational risk events.
  • Ensure critical functions maintain updated and tested Business Continuity Plans (BCPs) to mitigate potential disruptions.
  • Conduct regular risk awareness sessions and improve risk culture through positive feedback from surveys.
Fraud Detection and Prevention:
  • Detect and prevent fraud by implementing proactive measures and advanced detection tools.
  • Measure and report the number of fraud cases detected and the monetary value of fraud incidents prevented.
  • Achieve sustained reduction in fraud incidents by enhancing controls and awareness programs.
Investigation Efficiency:
  • Average Investigation Time: Measure the time taken to complete fraud investigations.
  • Investigation Closure Rate: Track the percentage of investigations successfully closed within a defined timeframe.
  • Accuracy of Investigations: Measure the percentage of investigations resulting in confirmed fraud cases.
Risk Management:
  • Conduct regular operational and fraud risk assessments to ensure comprehensive coverage of all critical areas.
  • Implement recommended risk mitigation measures and track their effectiveness.
  • Maintain compliance with regulatory requirements related to operational and fraud risk management.
Team Performance and Development:
  • Develop the operational and fraud risk team through regular training and professional development opportunities.
  • Monitor team satisfaction and engagement through feedback and implement initiatives to enhance performance.
  • Conduct periodic performance evaluations to ensure team members meet established standards and goals.
Reporting and Documentation:
  • Submit timely, accurate investigation and risk reports to management and relevant authorities.
  • Maintain accurate records and documentation for operational and fraud risk management activities.
  • Monitor report quality to ensure clarity, consistency, and alignment with stakeholder expectations.
Stakeholder Engagement:
  • Internal Stakeholder Satisfaction: Measure satisfaction levels of internal stakeholders. Collaborate with stakeholders to strengthen the risk management framework.
  • Foster successful partnerships with external stakeholders, including regulatory bodies and law enforcement agencies.
Continuous Improvement:
  • Adopt industry best practices in operational and fraud risk management.
  • Introduce innovative tools and methodologies to enhance fraud detection and prevention capabilities.
  • Drive continuous improvement initiatives to strengthen operational and fraud risk management processes.
Financial Impact:
  • Quantify cost savings achieved through effective fraud prevention measures.
  • Monitor and enhance Return on Investment (ROI) for operational and fraud risk management initiatives.

  • Head of Operational and Fraud Risk Management

    4 days ago

    Muscat, Muscat, Oman ahlibank Full time

    Role StatementThe Head of Operational and Fraud Risk Management is responsible for leading and managing the operational and fraud risk management Unit in the Bank. The role is responsible for maintaining a comprehensive risk management framework that minimizes operational risks. It also involves developing and implementing strategies, policies, and...

  • Risk Management Director

    1 day ago

    Muscat, Muscat, Oman beBee Careers Full time

    Job DescriptionThe Head of Operational and Fraud Risk Management plays a critical role in safeguarding the institution's assets and reputation. The successful candidate will be responsible for developing and implementing strategies to minimize operational risks and prevent fraud.Key ResponsibilitiesOperational Risk Management:Establish and maintain an...

  • Head of Operational and Fraud Risk Management Expert

    1 day ago

    Muscat, Muscat, Oman beBee Careers Full time

    The role of Head of Operational and Fraud Risk Management requires a strong leader with extensive experience in operational and fraud risk management.Key ResponsibilitiesMaintain a comprehensive risk management framework to minimize operational risks.Develop and implement strategies, policies, and procedures to prevent, detect, and investigate fraudulent...

  • Financial Operations Manager

    1 day ago

    Muscat, Muscat, Oman beBee Careers Full time

    Financial Operations ManagerWe are looking for an experienced Financial Operations Manager to join our team. The successful candidate will be responsible for overseeing the day-to-day operations of the finance function, including managing cash flow, preparing financial statements, and ensuring compliance with relevant laws and regulations.About the RoleThe...

  • Financial Operations Manager

    1 week ago

    Muscat, Muscat, Oman beBee Careers Full time

    Job SummaryThe Assistant Finance Manager is a key member of the finance team responsible for supporting daily accounting activities, assisting with budgeting, and contributing to strategic financial planning. Key responsibilities include preparing and analyzing monthly financial statements, generating weekly and monthly management reports, and ensuring...

  • Operational Risk Manager

    1 day ago

    Muscat, Muscat, Oman بنك مسقط Full time

    Job Title: Manager - Operational RiskDepartment: Risk ManagementReporting to: Head Operational RiskReported by: NoneMain Role (Overall Accountability):Responsible for assisting in the adoption of operational risk management best practices. Ensure the existence of formal manuals for all the bank's activities and processes, which should be consistent, maintain...

  • Financial Risk Manager

    1 day ago

    Muscat, Muscat, Oman beBee Careers Full time

    Demanding Treasury RoleThis challenging opportunity involves managing the airline's debt portfolio, including evaluating financing proposals, negotiating contracts, and finalizing details of all types of funded and unfunded credit facilities. The successful candidate will be responsible for managing the end-to-end financing RFP process, identifying relevant...

  • Head of Finance

    1 day ago

    Muscat, Muscat, Oman beBee Careers Full time

    Job Title: Head of FinanceAbout the Job:We are looking for a highly skilled and experienced Head of Finance to lead our financial operations. As a key member of our team, you will be responsible for ensuring the financial health and stability of our organization.Main Responsibilities:Financial Leadership: Provide strategic financial leadership to drive...

  • Financial Operations Manager

    2 weeks ago

    Muscat, Muscat, Oman beBee Careers Full time

    Job SummaryCash Management RoleWe are looking for a Financial Operations Manager to lead our financial operations team. The successful candidate will have excellent analytical and problem-solving skills, with a strong focus on improving cash flow management processes.Key Responsibilities:Review and improve financial operations processes through best...

  • Financial Operations Director

    1 day ago

    Muscat, Muscat, Oman beBee Careers Full time

    Job Title: Financial Operations ManagerThe role of a Financial Operations Manager involves leading the financial operations of an organization, ensuring compliance, strategic planning, and sound financial management. This is a senior leadership position that requires in-depth knowledge of financial strategies, risk management, and regulatory compliance.This...