Head of Risk Management

Location : Dubai
Post Date :

Description :


The Company

A leading Financial Services Business is looking for a VP/Head of Risk to work alongside compliance to drive their growth and coverage in the region.

The Role

The Head the Risk & Compliance function of the company will manage all Risk Management and Compliance related activities for the business and identify existing or potential risks to the company in order to develop plans for mitigating and managing risks.

This role will also oversee centralization and coordination of all outsourced legal and internal audit activities in the company.

It will be reporting into the Audit, Risk & Compliance Committee with administrative reporting to Chief Executive Officer / Chief Operating Officer

Principal Duties & Responsibilities:

  • Develop and manage a corporate risk management strategy and plans for in line with corporate goals and objectives
  • Regularly review the risk management strategy to make recommendations for changes or amendments on various operations i.e. credit limits, products, levels of exposure etc. as required
  • Develop and implement processes which enhance service quality standards i.e. SLA's with business units with an efficient TAT
  • Conduct regular risk evaluations on the Company's Capital's portfolio exposure and make recommendations that enable the company to position itself optimally in the market and to mitigate risk
  • Effectively manage the Compliance function in line with applicable government regulatory requirements
  • Develop and implement an annual compliance plan for all activities
  • Act as the key point of contact for regulatory authorities in the company and maintain positive relationships with such entities
  • Coordinate with outsourced Internal Audit service provider to ensure all internal audits of the company's processes are conducted in compliance with corporate policies and procedures and legal regulations in order to mitigate risk to the company. Coordinate and manage the implementation schedule of all agreed recommendations
  • Coordinate and centralize legal function in the company managing legal service providers coordination and procurement of legal services and coordination between various departments on legal matters
  • Drive the implementation of risk management, compliance, legal policies procedures and processes to ensure that the operations of the company are carried out in a risk averse manner
  • Adopt initiatives to establish and continuously promote a culture of compliance in the company i.e training & development
  • Manage regulatory inspections to ensure effectiveness of the inspection process and support satisfactory outcomes
  • Ensure regular preparation of management reports and various other reports to fulfil statutory requirements
  • Keep abreast with all changes in government regulations and guidelines where applicable and ensure adherence by the company
  • Develop management reports for the Board, Audit & Risk Committee and CEO on Risk Related, Compliance, Audit and Legal findings and root cause of issues which include recommendations for corrective actions on any observed exceptions

Candidate

  • Bachelors and/or Masters Degree (preferably specializing in Finance) with some legal background
  • Legal, Risk and Compliance Certification is preferable
  • 5+ Years of experience in Investment or Commercial Banking
  • Proven track record on implementing Enterprise Risk Management (ERM) framework with previous employer
  • Excellent written & spoken skills in English and Arabic
  • Experience of working in an international environment preferred
  • Knowledge and experience of Investment Banking activities (equities, fixed income, real estate, funds, private equity, corporate advisory)

Salary

Market Rate

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Dubai

Dubai International Financial Centre (DIFC)
Gate Village 1, Level 1
Dubai
Phone : +971 (0) 4 382 6700

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