Business Risk Manager

Website Commercial Bank of Dubai

Job Description:

To manage the Risk and ensure governance of PBG customers for compliance with regulatory, compliance and operational framework of the bank. This includes on-boarding of new Business Banking and individual customers followed by portfolio data governance and management of applicable process/system controls.

Job Responsibilities:

  • Developing policies and procedures and implementing Dynamic Monitoring measures of the different assets
  • Portfolios under Business Banking / overall PBG umbrella.
  • Establish effective & professional communication (both internal and external) to ensure turnaround time within designated parameters and higher client satisfaction levels.
  • Conduct Due Diligence on identified accounts to prevent their deterioration at an early stage.
  • Assist the Head of products and the Head of Business on various projects having the goal of reduce the cost of risk within the Biz Banking portfolio.
  • Approving cross border remittances for new on-boarded accounts / restricted accounts
  • Manage a team of 6 Business Risk Officers / Senior Officers, and drive them towards implementing effectively and efficiently the Objectives of the Bank and the Department’s strategy.
  • Develop and review policies to ensure proper implementation of Business Banking Onboarding Due diligence.
  • Address the AML queries related to the PBG Digi accounts.
  • Conduct random reviews of the liability portfolio under the PBG umbrella by mean of EDDs, and provide the feedback to senior management, in order to maintain quality book.
  • Develop a strong level of local contacts with the local businesses and financial institutions community.
  • Executing remedial actions on accounts identified by compliance / fraud team , including placing restrictions or exiting relationships
  • Monitor the conduct of new on-boarded business banking customers and as well as existing portfolio to identify / pro-actively remedy accounts with suspicious transactions / business conduct
  • Review the rejections of the high Risk DFC accounts, and address them in order to complete the customer’s onboarding.
  • Manage vendors performing customer site visits , documents verifications etc

Job Requirements:

  • Good command of English, Arabic language will be an added advantage.
  • Planning and organizing skills
  • 15-17 years banking experience of which Minimum 5 years in similar role with a reputed Financial Institution.
  • Good experience background in Central Bank guidelines / requirements, AML / KYC processes and Ops Risk

Job Details:


Company: Commercial Bank of Dubai

Vacancy Type: Full Time

Job Location: Dubai, UAE

Application Deadline: N/A

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