Risk Manager

About This Role

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:

• Bachelor ’s 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.