JOB PURPOSE:
To mirror the business lines and directly interfacing with Risk Champions via capturing, assessing & mitigation of IT Risks & IT Issues for their respective business domain (overall and by type of IT risks) conducting. Engage the business with IT risk team in reviewing IT applications related to Support Areas & work with internal IT divisions for remediation actions for the captured IT risks.
KEY ACCOUNTABILITIES:
1.Serve as a key partner in making IT Risk Owners and Business working seamlessly and successfully•
2.Report a list of KRIs based on external best practices and regulatory expectations & monitor Risks against them.
3.Work proactively on reporting any risk gaps or adverse trends, which are not highlighted in RCSAs.
4.Provide support for reviewing technology initiatives with reputational risks and red flags identified during defined intake procedures.
5.Manage relationships with business owners of IT risks, being the primary point of contact Update IT RCSA report, IT Risk Register, Risk status report, IT Risks/Priorities/Categorization and submit them to IT RMO team for consolidation
6.Conduct IT risk review for support applications/systems
7.Create, disseminate and update documentation of CIB’s matrix of identified IT risks and controls.
8.Report IT Risks & ensure expanding severity scale to include critical severity in all IT risk types.
9.Follow up on deficiencies identified in monitoring reviews, self-assessments, automated assessments, and internal and external audits to ensure that appropriate remediation measures are taken.
Policies, Processes and Procedures
10.Follow all relevant department policies, processes, standard operating procedures and instructions so that work is carried out in a controlled and consistent manner
Day-to-day Operations
11.Follow the day-to-day operations related to own jobs in the department to ensure continuity of work
Compliance
12.Comply with all relevant CBE regulations, banking laws, AML regulations and internal CIB policies and code of conduct in order to maintain CIB’s sound legal position and mitigate any potential risks
QUALIFICATIONS, EXPERIENCE, & SKILLS
• Bachelor’s degree in Business, Commerce or its equivalent.
• Experience with Key Risk Indicators and Technology Risk reporting preferred
• Minimum 10 years of solid experience for Sr. Officer in related areas such as Risk Management, Support Areas and IT.
• Very good command of English & Arabic languages.
• Excellent knowledge of Microsoft Office applications, Power Point, Word, Excel, Internet and E-mail
• Solid knowledge about PPM, HR applications such as Taleo & EBS, AML solutions such as Embargo
• Ability to interpret regulations and laws, and communicate effectively to all levels of the organization.
• Advanced knowledge of organization, technology controls, IT security & Information security
• Strong verbal and written communication skills.
• Ability to work successfully in a cross-functional team environment.
• High level of Accuracy & Presentation Skills
• Delivering results: ability to plan and organize work in order to achieve objectives within set target dates
Commercial International Bank was established in 1975 as a joint venture between the National Bank of Egypt (NBE, 51%) and the Chase Manhattan Bank (49%) under the name "Chase National Bank of Egypt”. Following Chase's decision to divest its equity stake in 1987, NBE increased its shareholding to 99.9%, changing the Bank’s name to Commercial International Bank (Egypt) S.A.E. NBE’s stake gradually decreased through several public offerings till reaching 18.7%. In 2006, a Consortium led by Ripplewood Holdings acquired NBE stake. In July 2009, Actis, a leading emerging markets private equity firm, invested US$ 244 million to get shares in CIB, acquiring hence 50% of the Ripplewood Holdings Consortium’s stake. Five months later, Ripplewood sold its remaining 4.7% stake over the open market, marking the successful transition of strategic partnership to be with Actis, who then became CIB’s largest shareholder with a 9.1% stake. In March 2014,Actis sold a portion of its holding, representing 2.6% of the Bank’s total outstanding shares, in the open market to a group of international investors. In May 2014, Actis, successfully realised its investment in CIB and sold its remaining 6.5% to Subsidiaries wholly owned by Fairfax Financial Holdings Ltd “Fairfax”.
CIB is Egypt’s leading private sector bank, offering a broad range of financial products and services to its customers, including enterprises of all sizes, institutions, households and high-net worth individuals. CIB strives to provide superior financial solutions to meet all customers’ needs. Having the strongest brand equity rightfully places CIB as the bank of choice for over 500 of Egypt’s largest corporations. CIB shows tremendous potential within the bourgeoning Retail and SME Banking markets. Through its superior management, high-operating standards, corporate governance best practices and training programs,CIB has succeeded in becoming the most profitable commercial bank operating in Egypt for more than 40 years.
