Head of Risk

Confidential Company

Role Summary

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.

ualifications

• Education:
• Bachelor’s degree in commerce, Finance, Risk Management, Accounting, or related field.
• Professional certifications preferred (CA, FRM, PRM, CMA, CIA, or equivalent).
• Experience:
• 7–8 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.
• dentify 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.