Assistant Technology and Third Party Risk Manager RAKBANK Dubai

Assistant Technology and Third Party Risk Manager at RAKBANK Dubai is responsible to assist in implementing frameworks related to IT Risk Management (ITRM) and Third Party Risk Management (TPRM) adopted by the Bank and its subsidiaries (Group). Identify technology and third party risks, providing independent oversight and credible challenges to the 1st line of defense running technology, outsourcing, and procurement processes.

Responsibilities of Assistant Technology and Third Party Risk Manager

• Implement the Group Technology Risk Management Framework and the Group Third Party Risk Management Framework.
• Assist in recommending group wide risk appetite for technology and third-party risk indicators to ensure alignment with the Group’s strategy and objectives.
• Review and monitor the design and operational effectiveness of controls and processes related to technology and third party arrangements. Recommend robust controls and monitor their implementation.
• Perform technology risk assessments of: existing IT systems, major IT changes, processes, and new system implementations / upgrades and conduct risk assessments of current third party arrangements, processes, and controls from a perspective of the 2nd line of defense.
• Recommend appropriate risk mitigation measures to close gaps identified during: risk assessments, audits, and regulatory reviews. Monitor progress in closing identified gaps.
• Support reviews of technology and third-party related incidents and near misses by providing specialist review of root causes and propose action plans to prevent reoccurrence.
• Gather, organize and analyze industry, sector and Group specific data for the purpose of monitoring and assessing technology and third-party risks.
• Propose enhancements to technology and third-party risk management processes, including strategy, policy, procedures, and metrics.
• Monitor industry leading practices for technology and third party risk management to suggest improvements to Group ITRM and TPRM frameworks.

Requirements of Assistant Technology and Third Party Risk Manager

• Bachelors in Computer Science or similar with relevant industry certifications.
• Certifications: CRISC, CISA, CISM (desired).
• Minimum 6 years of progressive experience in technology risk, third-party risk, IT audits, and/or third party risk reviews, preferably in banking or financial services.
• Experience in IT risk management, third party risk management, IT audits, or third party risk audits.
• Technical applied experience in IT risk management, IT audit, or third-party risk reviews.

Skills and Knowledge Desired

• Proficiency in IT risk assessment frameworks and standards (e.g., COBIT, NIST, ISO27001).
• Good understanding of systems development lifecycle, business continuity planning, IT disaster recovery, information security principles, third party vendor management, and IT general controls.
• Knowledge of third party risk management processes, controls, and practices.
• Evidence of continuing professional development related to the position.
• Excellent interpersonal and communication skills, both verbal and written.
• Strong presentation skills and the ability to communicate ideas effectively and professionally.

Job Benefits

• Pay for performance culture (Competitive and performance linked compensation).
• Provision of medical care plan for your family and you.
• Comprehensive Life insurance plan.
• Diverse workforce and inclusive culture.
• Career development and growth opportunities by design.
• Work with the best minds in the field.
• Get opportunities to bring your whole self to the organization and perform to your best.

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