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Open nowPosted 34 days ago

Senior Analyst - Third Party Risk Management

Rak Bank49 open roles

Where
United Arab Emirates
Work mode
On site
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Your applicationOpen nowSenior Analyst - Third Party Risk ManagementRak Bank · United Arab Emirates

  1. YouYes, apply to this one.

  2. CV RocketCV written for this posting.

  3. 25 readersRecruiter, hiring manager, skeptic. Round after round.

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The clock on this job

Early applications get read.

12.7% of postings close within 7 days. Measured by our own scanner across the market. Rak Bank postings stay open a median of 11 days.

Share of postings closed within
  1. 2.2%1 day
  2. 4.5%3 days
  3. 12.7%7 days
  4. 20.4%14 days
  5. 35.6%30 days
  6. 58.7%60 days
This job: posted 34 days ago

Rak Bank median: 11 days open

The posting

Job Description

What You’ll Be Doing:

  • 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’re Looking For:

  • 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
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