# Operational Risk Analyst at RAKBANK

RAKBANK is hiring an Operational Risk Analyst. Level rates it Little AI ●○○○; you can [apply on RAKBANK](https://jobsbylevel.com/go/1cf72a1c-a54f-48d2-a050-4b7760668136?utm_medium=ai-agent).

AI Level 1, AI centrality 34 out of 100. United Arab Emirates.

## Details

- Company: [RAKBANK](https://jobsbylevel.com/companies/rakbank)
- AI level: AI Level 1 (score 34 out of 100)
- Location: United Arab Emirates
- Posted: October 29, 2026
- Apply: https://jobsbylevel.com/go/1cf72a1c-a54f-48d2-a050-4b7760668136?utm_medium=ai-agent
- Free CV review for this job: https://jobsbylevel.com/cv-review?job=operational-risk-analyst-at-rakbank-991e27

## Description

At Rakbank, we are committed to building a strong risk culture that supports sustainable growth and exceptional customer experiences. We are looking for an Operational Risk Analyst to join our Business Banking team and act as the First Line of Defence, helping identify, assess, monitor, and mitigate operational risks while driving governance, control effectiveness, and continuous process improvement. What You Will Do Risk Management & Governance Support and maintain operational risk management frameworks, tools, and processes across Business Banking. Facilitate Risk and Control Self-Assessments (RCSA) to identify key risks and evaluate control effectiveness. Conduct control testing and identify gaps in processes, systems, compliance, and training. Monitor and analyze Key Risk Indicators (KRIs), escalating emerging risks and trends. Manage operational risk incidents, ensuring effective investigation, tracking, and resolution. Coordinate Risk Acceptance submissions, approvals, renewals, and stakeholder engagement. Risk Monitoring & Reporting Prepare risk dashboards, management reports, and governance updates. Track key risk themes, challenges, and remediation actions. Provide meaningful insights to support informed decision-making and prioritization. Identify control weaknesses and recommend practical mitigation measures. Process Improvement & Business Controls Review end-to-end business processes and customer journeys to identify risk exposures and enhancement opportunities. Develop process documentation and support implementation of process improvements. Lead root cause analysis of operational issues and customer complaints. Evaluate process changes, new products, and customer communications from a risk and control perspective. Support process re-engineering initiatives to improve operational efficiency and customer experience. What You Will Bring Bachelor’s degree or equivalent qualification. Minimum 2 years of experience. Exposure to Operational Risk Management, Business Controls, Business Analysis, Operations, Governance, or Project Management. Understanding of First Line of Defence (1LOD) risk management practices. Strong analytical, problem-solving, and critical thinking capabilities. Ability to work independently and manage multiple priorities effectively. Strong communication and stakeholder management skills. Proficiency in Microsoft Office applications and banking systems. Preferred Skills Experience conducting RCSA, control testing, or risk assessments. Knowledge of operational risk frameworks and governance practices. Experience with process mapping, process improvement, and root cause analysis. Ability to interpret risk data and develop actionable management reporting.

Source: https://jobsbylevel.com/jobs/operational-risk-analyst-at-rakbank-991e27

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