We are looking for a Risk Manager that will be responsible for developing and implementing strategies that foster a risk-aware culture throughout all functions within the organization. The position is based in Dubai and entails the following responsibilities.
Key Responsibilities:
- Develop comprehensive risk strategies and a structured framework for effective risk management across the company.
- Implement initiatives to build a strong risk-awareness culture that promotes proactive risk identification and mitigation of risks.
- Establish and manage robust systems and procedures for identifying, collecting, analyzing risk data, and devising effective response plans.
- Continuously monitor and assess the effectiveness of implemented risk controls to ensure they remain efficient and relevant.
- Ensure compliance with the Central Bank of the UAE (CBUAE) risk management regulations, including capital adequacy, liquidity, and solvency requirements, aligning with the UAE's insurance regulatory framework.
- Oversee the implementation and ongoing management of the Own Risk and Solvency Assessment (ORSA) process to accurately assess the company's risk profile and solvency requirements.
- Lead stress testing and scenario analysis exercises, ensuring compliance with CBUAE regulations, to gauge the company's resilience under various adverse conditions.
- Implement and monitor Key Risk Indicators (KRIs) and early warning systems to detect emerging risks and ensure alignment with CBUAE requirements for proactive risk management.
- Ensure timely and accurate reporting of risk exposures to CBUAE and the Board of Directors, maintaining compliance with regulatory reporting requirements and ensuring transparency in risk management activities.
Join a successful international group and be on a path that is only capped by your ambitions.
You are right for the role if you meet the following requirements:
- Bachelors degree in insurance, finance, actuarial studies, economics, or a relevant field. A postgraduate degree (MBA) from a reputable institution is a significant advantage.
- Minimum of 10 years of relevant experience, with at least 7 years in the insurance or banking industry.
