AVP - Head of Outsourcing & Third Party Risk
Dubai Islamic Bank
- Dubai
- Permanent
- Full-time
- Develop and maintain Bank’s Outsourcing & Third-Party risk governance policies and procedures to enable effective management.
- Design and 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 oversee the remediation plans to ensure timely resolution.
- Support development of the Bank’s Outsourcing Risk and Third-Party Risk appetite and tolerance metrics in order to provide an objective view to the Management and Board.
- Develop tools that support materiality assessment and risk assessment to manage and mitigate outsourcing risk.
- Oversee the management of Bank’s own Takaful policies which would include timely renewal as well as enhancement of coverage.
- Ensure that the Takaful claim management activities are discharged to effectively protect Bank’s interest in the claim process as well as enable timely claim payments.
- Mentor and develop team member skills by cross training with goal of embedding Outsourcing risk and Third-Party risk view in overall risk management.