Job Title – Operational Risk Analyst
Reporting to – Head of Credit and Risk Management

Job Summary
The Person will be responsible for developing, implementing, and maintaining an effective operational risk management framework in line with the Central Bank of Bahrain (CBB) Operational Risk Management Module. The role involves identifying, assessing, monitoring, and mitigating operational risks while ensuring regulatory compliance and enhancing the organization’s risk culture.

Key Responsibilities
Operational Risk Framework & Governance • Develop and maintain the Operational Risk Management Framework (ORMF) in compliance with CBB regulations and internal best practices. Risk Identification & Assessment • Identify, assess, and document operational risks across all business units and support functions. • Conduct Risk and Control Self-Assessments (RCSA) and maintain an operational risk register. • Develop Key Risk Indicators (KRIs) for each department to monitor operational risk exposures. Monitoring, Reporting & Controls • Establish mechanisms to monitor, track, and report operational risk incidents, breaches, and losses. • Prepare periodic risk reports for senior management and the Board of Directors. • Review root cause assessments of operational risk events and recommend corrective actions. Business Continuity & Crisis Management (Disaster Recovery) • Develop and maintain a Business Continuity Plan (BCP) in line with CBB’s Business Continuity Management guidelines. • Conduct BCP testing and crisis management simulations. Training & Awareness • Develop and implement operational risk awareness programs for staff. • Conduct regular training on CBB’s operational risk regulatory framework, internal policies, and industry best practices.

Qualifications & Experience Education:Bachelor’s degree in finance, Business Administration, or a related field.

Experience:
Minimum 2-5 years of experience in operational risk management, enterprise risk management, or internal audit within the financial sector. • Strong understanding of CBB Operational Risk Management Module. • Experience with risk management tools and systems for monitoring operational risk. Skills & Competencies: • Strong analytical and problem-solving skills with the ability to identify risks and recommend effective controls. • Excellent knowledge of regulatory risk requirements in Bahrain and international best practices. • Effective communication and stakeholder management skills with the ability to engage with senior management, regulators, and external auditors. Additional Information: • The candidate must be based in Bahrain or willing to relocate. • Strong understanding of financial services, digital banking, and fintech risks is desirable.