To lead the Risk Management function, ensuring compliance with CBUAE regulations, and implement a robust risk governance framework for the company. The role requires operations oversight and hands-on execution of risk related activities such as risk identification, assessment, monitoring, and reporting.
Qualifications
Education:
- Bachelor's degree in commerce, Finance, Risk Management, Accounting, or related field.
- Professional certifications preferred (CA, FRM, PRM, CMA, CIA, or equivalent).
Experience:
- 78 years overall risk management/ audit experience preferably in financial services sector or Top Tier audit & consulting firm.
- Minimum 3 years in a dedicated risk management role preferably within the financial services sector.
- Minimum 2 years of Insurance industry experience preferable.
Skills & Competencies
- Strong analytical and problem-solving skills.
- Excellent communication and stakeholder management skills.
- Ability to design and implement risk frameworks and controls independently.
- High integrity and independence of mind.
- Strong understanding of UAE financial regulations and CBUAE risk governance standards.
- Strong presentation and reporting skills to senior stakeholders.
Key Responsibilities
Risk Framework Development:
- Develop and implement the Risk management framework, policies, procedures, and articulate risk appetite of the organization.
Risk Planning, Assessment and Management:
- Develop and implement risk management plans.
- Identify all types of potential risks across all functions, assess and monitor the risk exposures and the risk mitigation strategy through RCMs (Risk Control Matrix)
- Identifying risk management issues resulting from strategic affairs such as corporate strategy, major projects etc; and managing such risks.
- Conduct scenario analysis and/or stress testing.
- Tracking risk incidents and breaches, its assessment, the appropriate remedial actions, and monitoring of results after implementation.
Risk Management Oversight and Advisory
- Provide guidance, oversight and feedback over department self-assessments and monitoring of internal controls
- Ensure compliance with CBUAE regulations and internal policies.
Risk management awareness:
- Design and implement risk awareness programs and training sessions
- Lead risk awareness initiatives and training across the organization.
Documentation & CB Reporting:
- Maintain risk control matrices (RCM), Self assessments records, risk related registers and records
- Submit risk-related reports to the Regulator.
Management Reporting: -
- Report to the Management/Risk Committee and Board on periodic basis
Stakeholder Management: -
- Coordinate with the other departments to conduct the Risk assessments and putting the necessary controls in place.
- Coordinate with internal/external auditors and regulators on risk-related matters.
