Summary
RAKBANK is seeking a Senior Analyst for its Third Party Risk Management work in Dubai. The role supports vendor due diligence and risk assessments, maintains risk records, prepares reports and dashboards, and coordinates with business units, procurement, vendors and onshore and offshore teams. Applicants should have at least five years of relevant banking or financial services experience and at least two years in a supervisory role. A relevant degree is required, CIPS certification is preferred, and strong English communication skills are requested.
The posting
As published on rakbank.ae. Pulled from the employer's site and shown as they wrote it.
What You’llBeDoing:
- Support the offshoreThird Party Risk Assessment team in completing vendor risk assessments and due diligence activities.
- Oversee vendor riskclassification to ensure vendors are categorized according to their risk exposure and business impact.
- Ensure compliance with regulatory requirements, vendor governance policies and RAKBANK’s risk framework.
- Maintain the vendorrisk register and ensure risks, mitigation actions and required approvals are properly documented and tracked.
- Prepare vendor riskreports, dashboards,management metrics and due diligence profiles.
- Act as anescalation point for complex vendor risk issues, vendor non-compliance, overdue assessments and open observations.
- Coordinate with businessunits, TPRM, Procurement, onshore teams and vendors to resolve issues and remove roadblocks.
- Support procurement contract risk management in line with relevant outsourcing requirements and compliance provisions.
- Drive improvements across vendor due diligence, risk monitoring, contract risk management and reporting processes.
- Support training and awareness activities relating to vendor management policies, regulatory requirements and best practices.
What We’reLookingFor:
- Bachelor’s or Master’sdegree in Risk Management, Business Administration, Finance, Information Security or a related field.
- At least fiveyears of relevant experience in banking or financial services, with a focus on Vendor Management, Operational Risk Management, Third Party Risk Management or vendor governance within Procurement.
- At least twoyears of experience in a supervisory role.
- Strong knowledge of vendor management practices, regulatory requirements and outsourcing regulations.
- Experience managing vendor risk classifications, risk registers, due diligence assessments and open observations.
- Strong analytical and problem-solving abilities, with the ability to follow established policies and procedures.
- CIPS certification is preferred.
- Strong English communication skills.
Skills:
- Third Party RiskManagement and vendor governance
- Vendor due diligenceand risk assessment methodologies
- Regulatory compliance and outsourcing requirements
- UAE Central Bank outsourcing and third-party risk requirements
- Vendor risk classificationand risk register management
- Risk reporting, dashboards and metrics preparation
- Procurement contract risk management
- Data analysis and report interpretation
- Stakeholder management and communication
- Analytical thinking and structured problem-solving
- Attention to detailand a strong risk mindset
- Vendor issue resolutionand escalation management
- Collaboration across onshoreand offshore teams
- Integrity, accountability and continuous improvement
Responsibilities
- Manage transactions with customers using cash registers
- Scan goods and ensure pricing is accurate
- Collect payments whether in cash or credit
- Issue receipts, refunds, change or tickets
- Redeem stamps and coupons
- Cross-sell products and introduce new ones
- Resolve customer complaints, guide them and provide relevant information
- Greet customers when entering or leaving the store
- Maintain clean and tidy checkout areas
- Track transactions on balance sheets and report any discrepancies
- Bag, box or gift-wrap packages