Analyst Operational Risk (Emiratised Role)

JobsCloseBy Editorial Insights

RAKBANK seeks an Analyst Operational Risk to strengthen governance, risk control, and regulatory compliance in Retail Banking. The role requires process reviews, gap analysis, and collaboration with business units to develop plans with owners and deadlines, while supporting RCSA, KRI monitoring, and regulatory reviews. You will map processes to procedures, analyze system data, and help instill best practices across sub-units, investigate risk events, and ensure customer communications comply with CPF and regulatory guidelines. The ideal candidate has a bachelor’s degree in Commerce, Finance, IT or Engineering, strong analytical skills, and familiarity with regulatory frameworks. To apply, tailor your CV to show measurable risk improvements and Emiratisation readiness.

Company Description

At RAKBANK, we believe in fostering a culture of innovation, growth, and excellence. We are not just a bank, we are a community that thrives on teamwork, cutting-edge solutions, and the highest standards of governance.

Job Description

About the Role

We are seeking a meticulous and proactive Analyst Operational Risk to join our Retail Banking team. This role is critical in ensuring operational excellence and regulatory compliance across our banking activities. You will play a key part in identifying process inefficiencies, mitigating risks, and embedding a culture of strong governance throughout the organization.

What You’ll Be Doing

• Identify and review processes within the Retail Banking Unit to uncover operational and regulatory gaps.

• Collaborate with business units to develop actionable plans with clear ownership and timelines to address identified risks.

• Recommend process improvements and control enhancements to strengthen operational resilience.

• Share insights and learnings across teams to foster a culture of continuous improvement.

• Support governance initiatives and help instill best practices across all sub-units.

• Assist in investigations of operational risk events, fraud incidents, and regulatory reviews.

• Map business processes to operating procedures and relevant regulatory requirements.

• Analyze system-generated and manually maintained data, ensuring alignment with documented processes.

• Identify and document discrepancies between data and process execution.

• Engage with units to understand task execution and highlight deviations from best practices.

• Review customer communications for compliance with CPF and regulatory guidelines.

• Evaluate internal MIS reports to identify gaps and opportunities for enhancement.

• Support RCSA control testing, KRI monitoring, and periodic risk reviews.

Skills

• Strong analytical and problem-solving skills.

• Familiarity with regulatory frameworks and risk management practices.

• Excellent communication and documentation abilities.

• Ability to work collaboratively across teams and influence stakeholders.

Qualifications

What We’re Looking For

Bachelor’s degree in Commerce, Finance, IT, Engineering, or a related field.

Additional Information

What’s In It For You

• Competitive, performance-linked compensation.
• Medical coverage for you and your family.
• Comprehensive life insurance.
• Inclusive and diverse workplace culture.
• Career development and fast-track growth opportunities.
• Mentorship from industry experts.