RAKBANK
Senior Analyst, Third Party Risk Management
- Permanent
- Dubai, United Arab Emirates
- Experience 5 - 10 yrs
Job expiry date: 29/11/2026
Job overview
Date posted
15/10/2026
Location
Dubai, United Arab Emirates
Salary
AED 20,000 - 30,000 per month
Compensation
Comprehensive package
Experience
5 - 10 yrs
Seniority
Senior & Lead
Qualification
Bachelors degree
Expiration date
29/11/2026
Job description
Overdue assessments, vendor non-compliance and open observations all escalate to this Senior Analyst in RAKBANK's Third Party Risk Management team, based on-site at the Operation Centre in Dubai. An offshore assessment team completes vendor risk assessments and due diligence with your support. Vendors are classified by risk exposure and business impact, and the vendor risk register keeps risks, mitigations and approvals documented and tracked. Everything has to sit within regulatory requirements, UAE Central Bank outsourcing rules and RAKBANK's risk framework. Reports, dashboards, management metrics and due diligence profiles come from your desk. Procurement contract risk management is part of the scope, alongside coordination with business units, Procurement, onshore teams and vendors to clear roadblocks. Improvements to due diligence, monitoring and reporting processes are expected, as is support for vendor management training and awareness. Expect to bring at least 5 years in banking or financial services across vendor management, operational risk or TPRM, including 2 in a supervisory role, with CIPS certification preferred.
Required skills
Key responsibilities
- Support the offshore Third Party Risk Assessment team in completing vendor risk assessments and due diligence
- Oversee vendor risk classification by risk exposure and business impact
- Ensure compliance with regulatory requirements, vendor governance policies and RAKBANK's risk framework
- Maintain the vendor risk register with risks, mitigation actions and approvals documented and tracked
- Prepare vendor risk reports, dashboards, management metrics and due diligence profiles
- Act as the escalation point for complex vendor risk issues, non-compliance, overdue assessments and open observations
- Coordinate with business units, TPRM, Procurement, onshore teams and vendors to resolve issues
- Assist with procurement contract risk management in line with outsourcing and compliance requirements
- Drive improvements across vendor due diligence, risk monitoring, contract risk management and reporting
- Deliver training and awareness on vendor management policies, regulatory requirements and best practice
Experience & skills
- Hold a bachelor's or master's degree in Risk Management, Business Administration, Finance, Information Security or a related field
- Bring at least 5 years of banking or financial services experience in Vendor Management, Operational Risk, Third Party Risk Management or vendor governance
- Show at least 2 years of experience in a supervisory role
- Know vendor management practices, regulatory requirements and outsourcing regulations
- Demonstrate experience managing vendor risk classifications, risk registers, due diligence assessments and open observations
- Apply strong analytical and problem-solving skills within established policies and procedures
- Possess CIPS certification (preferred)
- Communicate clearly in English