Examining Operational Risks in Dubai Banking Sector: A Case Study

This assignment delves into the operational risks within Dubai's banking sector, examining various aspects of risk management and its challenges. It explores how factors such as business growth, regulatory landscapes, and technological advancements influence operational risks. The assignment investigates the impact of IT risks, cyber threats, and other related factors on the banking sector. It also analyzes the effectiveness of different risk management strategies, including the three lines of defense model and the use of technology-enabled risk surveillance. Furthermore, it explores the role of fintech, performance management, and the significance of data in mitigating risks. The assignment also discusses the application of case management systems and the impact of data processing on operational risk management. The goal is to provide a comprehensive understanding of the operational challenges and opportunities in the Dubai banking sector.

Research Questions 1
RESEARCH QUESTION
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Research Questions 2
Research Questions
1. How does business growth, regulatory landscape, customer preference, internal business
processes and the external banking actors influence the intrinsic nature of operational
risks in the Dubai banking sector?
2. In what ways does the IT risk, cyber risks, fraud, AML, Organisational change,
outsourcing, geopolitical risks and regulation change afflict the banking sector in Dubai?
3. How does the three-point approach (operational risk integration, operational risk
decentralization and risk coverage enhancement) help in countering the operational risks
in the banking sector of Dubai.
4. Is the “the three lines of defense model” as proposed by Pollitt and Dan (2013) an
effective strategy for operational risk management for the Dubai banking sector?
5. Do the continuous monitoring of the potential sources of risk exposure an effective
strategy to operational risk management?
6. To what extent does the identification of prospective defaults in the product fitment
system help in managing operational risk in the banking sector of Dubai?
7. Identify the various stages of operational risks integration that can be applied in the
Dubai banking sector.
8. How would the formulation and application of enterprise case management system help
in managing operational risks in Dubai banking sector?
9. How do the inefficient parameters for the identification of imminent operational risks
derail the management of operational risks in the banking sector of Dubai?
10. Does the presence of large amount of processing data in the banking sector pose as a
challenge for the management of operational risks?

Research Questions 3
11. To what extent does the absence of centralized data set and lack of vision among the
banking sector stakeholders act as a challenge to management of operational risks within
the Dubai banking sector?
12. What are the contributions of technology to the employee’s performance in the banking
sector?
13. To what extent does the goal-setting theory and the expectancy theory define the
relationship between the performance management and the banking?
14. What are the various parameters of performance management within the banking sector?
15. How does the financial banking aspect, quality banking aspect and the productivity bank
aspect act as performance indicators for the banking sector?
16. What are the various models that can be applied in the identification of operational risks
within the banking sector?
17. What is the main contribution of Fin-tech in the banking sector of Dubai?
18. Identify the various impacts of technology in the bank operation risk management.
19. What is the suitability of applying technology-enabled risk surveillance in the Dubai
banking sector?
20. What are the pros and cons of applying Fin-tech and technology-enabled risk surveillance
in the banking sector?