Risk Manager

Role overview

Key responsibilities

• Develop, implement, and maintain an ERM framework aligned with CBUAE regulations; monitor compliance with Board-approved risk appetite and support Board and Risk Committee oversight with reports and dashboards.
• Establish and maintain risk policies, procedures, and internal controls.
• Review and challenge actuarial assumptions, methodologies, and outputs; support actuarial valuation processes in line with regulatory and accounting standards.
• Monitor capital adequacy and solvency under CBUAE requirements; support economic capital modelling and stress testing.
• Assess reinsurance risk-transfer effectiveness and monitor counterparty risk and credit exposures.
• Identify and monitor underwriting, reserving, market, credit, and operational risks; implement KRIs and early-warning frameworks.
• Conduct stress tests and scenario analyses to evaluate resilience under adverse conditions and emerging risks.
• Ensure compliance with CBUAE insurance regulations, corporate governance requirements, and risk management standards.
• Provide independent risk assessments on new products and strategic initiatives and support business continuity management.

Qualifications and experience

• Bachelor’s degree in Risk Management, Actuarial Science, Mathematics, Finance, or a related field.
• At least 3–5 years of experience in insurance/reinsurance risk management or actuarial functions.
• Strong understanding of CBUAE insurance regulations, ERM frameworks, ORSA, and solvency and capital models.
• Knowledge of ISO 31000 and ISO 22301 frameworks.
• Partially or fully qualified actuarial status is preferred.

Key competencies

• Strong analytical and quantitative skills, ability to challenge and provide independent oversight, and solid understanding of actuarial techniques.
• Excellent communication and stakeholder-management skills, integrity, and governance awareness.