Risk Manager

Overview

Responsibilities

• Develop, document, and implement policies, procedures, and systems to identify, assess, monitor, and mitigate material risks, including operational, financial, compliance, conduct, reputational, and cybersecurity risks.
• Maintain a risk register and ensure that risk appetite and tolerance levels are clearly defined, communicated, and monitored across the business.
• Review, stress test, and update the risk framework at least annually to ensure alignment with business activities, market conditions, and regulatory developments.
• Conduct periodic risk assessments and prepare regular risk reports for senior management and the Board.
• Ensure timely escalation and reporting of material risk events to internal leadership and, where required, to the CBUAE.
• Assess and monitor the effectiveness of internal controls to ensure compliance with regulatory obligations and risk mitigation.
• Work closely with Compliance, Finance, and Internal Audit functions, while maintaining functional independence.
• Implement risk-based monitoring mechanisms to prevent financial crime, market misconduct, and breaches of AML/CFT frameworks.
• Ensure that internal controls are consistently tested, validated, and improved where gaps are identified.
• Ensure all risk management activities are conducted in full compliance with CBUAE standards for governance, documentation, and timely reporting.
• Prepare and submit required regulatory filings, disclosures, and reports related to risk management within prescribed deadlines.
• Cooperate with external auditors, internal reviewers, and regulatory authorities to demonstrate compliance with supervisory expectations.
• Stay abreast of regulatory changes, circulars, and guidance issued by the CBUAE, and ensure timely implementation of required changes within the organization.
• Maintain complete documentation of risk policies, assessments, and remediation actions for regulatory inspections.
• Oversee IT, cybersecurity, and data privacy risks, ensuring alignment with ADHICS and UAE data regulations.

Qualifications

• Bachelor’s degree in Risk Management, Finance, Insurance, Economics, or a related discipline.
• Professional certifications such as ACII, CRM, FRM, or PRM are strongly preferred
• Minimum of 3–5 years of relevant experience in risk management within financial services, insurance, or related regulated sectors (higher experience preferred for senior roles).
• Strong knowledge of CBUAE regulations, risk governance frameworks, enterprise risk management best practices, and AML/CFT regulatory requirements.