Operational Risk Specialist – NFR Advisory Engagement

About the role

AJMS Global Consulting is looking for an experienced Operational Risk Specialist to join a leading financial institution in Kuwait. The role supports the Bank's Operational Risk Management Unit (ORMU) on a non‑financial risk advisory and delivery engagement, focusing on regulatory‑driven priorities for 2026.

Key responsibilities

• Facilitate RCSA workshops with business units and Risk Champions across 20 divisions and 172 sub‑units.
• Identify risks, controls, exposures, and gaps, aligning them with Basel categories and causal factors.
• Update and maintain RCSA records in the Risk Nucleus system.
• Conduct end‑to‑end reviews of business processes and procedures (24 functional reviews).
• Prepare structured reports with actionable recommendations via the Nucleus system.
• Support development and tracking of KRIs and KCIs, monitor thresholds, and escalate breaches.
• Assist in creating reporting dashboards and analysis.
• Maintain and update operational risk documentation, including framework, policy, procedures, and escalation processes.
• Enhance incident management through Risk Nucleus.
• Prepare monthly progress reports aligned with the ORMU plan and handle ad‑hoc requests from the Head of ORMU.

Required profile

• 8+ years of operational risk experience within banking or a regulated financial institution.
• Strong knowledge of Basel principles, COSO, and relevant regulatory frameworks.
• Proven expertise in RCSA methodology and risk‑control frameworks.
• Banking experience required; local Kuwaiti experience preferred.
• Strong analytical and reporting abilities.

Required skills

• Proficiency with the Risk Nucleus system (advantageous).