Emirates Development Bank (EDB)
Karuppiah Sakthivel, CAMS, CRiSP, CAPM®, currently serves as a Senior Operational Risk Officer at Emirates Development Bank since May 2023, where responsibilities include designing and implementing the Operational Risk Management Framework and Business Continuity Management, along with developing Policies and Procedures to promote risk culture within the organization. Prior experience includes roles as Executive - Risk Analysis at aafaq Islamic Finance PSC, where operational risk management and compliance programs were primary focuses, and as a Risk Specialist at Emirates NBD, concentrating on reviewing and updating risk management frameworks. Previous positions also include Senior Compliance Analyst at PayPal, CDD Analyst at Standard Chartered Bank, and Onboarding Specialist at Citi, with a foundation in commerce from Bharathiar University.
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Emirates Development Bank (EDB)
Emirates Development Bank (EDB) is the UAE’s development bank, a key financial engine for the economic development and industrial advancement of the nation. Our mission is to foster a healthy, sustainable, and self-reliant economy through the provision of financing solutions to SMEs and corporates domiciled in the UAE and engaged in any of our five strategic priority sectors. These include advanced technology, food security, healthcare, manufacturing and renewables. Given its developmental mandate, the Bank is not-for-profit, offering patient capital and favourable financing terms to our clients. EDB provides direct financing solutions to all clients and also indirect financing solutions to SMEs through guarantees to our commercial banking partners. We go one step further by fostering the UAE entrepreneurship ecosystem with our unique digital banking product suite tailored to start-ups and also non-financial education and mentoring programmes aimed at advancing creditworthiness and financial literacy. As the UAE’s development bank, EDB seeks to attract and retain the best talent through a supportive culture and continuous professional development opportunities. The Bank’s employees are united by the shared commitment to develop the UAE economy, a goal which is embedded in every aspect of their work and fills them with a sense of pride. Emirates Development Bank’s vision is to be a key financial engine dedicated to the economic development and industrial advancement of the UAE.