Overview

Compliance

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The Company:

CONFIDENTIAL – Financial Services – Abu Dhabi

The Role:

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

Major Responsibilities:

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

Develop a corporate Risk Management Strategy and Risk Appetite Framework for The Company in line with corporate goals and objectives. Establishing the level of risk the company are willing to take through the Risk Appetite and Risk Tolerance limits.

Develop and responsible for the implementation of the Enterprise Risk Management across the company, including the identification, measurement and reporting of all types of risks.

Regularly review the Risk Management Strategy and Risk Appetite Framework to make recommendations for changes or amendments on various operations i.e. credit limits, products, levels of exposure etc. as required.

Provide compliance advisory support and ensure that the organization complies with regulatory requirements in AML, financial crime, sanctions, fraud

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 portfolio exposure and make recommendations that enable the company to position itself optimally in the market and to mitigate risk.

Drive the implementation of risk procedures and processes to ensure that the operations of the company are carried out in a risk averse manner.

Ensure regular preparation of management reports and various other reports to fulfil statutory requirements.

Ensure that the department’s activities are carried out in adherence to policies and procedures and in line with applicable legal regulations and corporate guidelines.

Develop management reports for the Board, Audit Risk and Committee (ARC). Risk and Compliance Committee (R&C) 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.

Responsible for the Operational Risk Incident preparation and reporting and coordination with various stakeholders of the company to ensure that action plans are implemented.

Responsible for the complaint management of the company and ensure all action plans are resolved.

 

Qualifications & Desired Skills:

Bachelors and/or Masters Degree (preferably specializing in Finance)

10+ Years of experience with exposure to brokerage risk being an essential in the experience

Proven track record on implementing Enterprise Risk Management (ERM) framework with previous employer

Experience of working in an international environment preferred

Market and Regional Knowledge

Knowledge and experience of Investment Banking activities (equities, fixed income, real estate, funds, private equity, corporate advisory)

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