Business Risk Manager
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Key skills for this role
About the Role
Daman Investments seeks a Business Risk Manager in Dubai to oversee end-to-end operational risk management, ensuring compliance and minimizing losses. The role analyzes financial data, manages risk frameworks, and liaises with regulators.
Key Skills for This Role
Responsibilities
- Promote a strong operational risk management and compliance culture
- Ensure effective functioning of the Operational Risk Management & Assurance Framework
- Drive ownership of operational risk management to ensure timely escalation of significant risks
- Ensure integrity of controls in the business and manage portfolio controls including KCSAs
- Provide operational risk training to staff
- Advise the Business on Operational Risk issues and provide governance oversight
- Management of Internal Audit findings for respective businesses/functions
- Liaise with local regulators to ensure products offered are in line with regulatory framework
- Identify opportunities for continuous improvement of risk controls
- Analyze financial reports of clients to evaluate financial status
- Perform value add analysis on funds managed and communicate results to stakeholders
- Participate in discussions with portfolio managers to understand fund strategy and risk profile
Requirements
- Relevant Bachelor's degree in related field
- CFA or CISI certification
- A minimum of 7 10 years of experience
- Proven experience in Risk Control/Portfolio Management/Quantitative role
- Comprehensive understanding of Wealth and Asset Management products
- Awareness of local and international regulatory requirements like SCA, FATCA, MIFID and PRIIPs
- Strong understanding of risk management techniques including Value at Risk, Liquidity risks, Stress testing and Portfolio Theory
- Digital Savvy and aware of Agile delivery methodology
Full Job Posting
Job Overview
- The Business Risk Manager is responsible for end to end operational risk management, from inception to commercialisation and throughout BAU, that maximises profits and asset growth and minimises credit and operating losses and other risk exposures.
- This job analyses various financial data to estimate the degree of risk and level of associated risk involved in establishing a business relationship with Clients.
Key Duties & Responsibilities
- Promote a strong operational risk management and compliance culture.
- Ensure the effective functioning of the Operational Risk Management & Assurance Framework.
- Ensure the effective functioning of the Business or Support Function Operational Risk through an effective and robust agenda.
- Drive ownership of operational risk management to ensure timely escalation of significant risks.
- Ensure the integrity of the controls in the business or function and to manage actively the portfolio controls, including Generic, Business and Regulatory KCSAs.
- Provide operational risk training to staff within the business from time to time and to ensure awareness and understanding of the operational risk framework.
- Advise the Business on Operational Risk issues. Provide strong governance oversight to ensure that the Business is suitably addressing significant external and internal requirements.
- Management of Internal Audit findings for their respective businesses / functions.
- Liaise with local regulators to ensure products offered to clients are in line with regulatory product framework.
- Identify opportunities for continuous improvement of risk controls throughout systems, processes, and practices while considering 'international leading practice', improvement of business processes, cost reduction, and productivity improvement.
- Analyse the quality and content of a client or prospect’s financial reports and establishing the appropriate document required to accurately evaluate the financial status of the client.
- Perform value add analysis on funds managed, communicating results to key stakeholders.
Position Requirements
- Educational Qualifications: Relevant Bachelor’s degree in related field; CFA or CISI.
- Skills & Personal Attributes: Digital Savvy and aware of Agile delivery methodology; Comprehensive understanding of Wealth and Asset Management products; Aware of local and international regulatory requirements like SCA, FATCA, MIFID and PRIIPs; Comprehensive understanding of Capital Markets and Fun
- Work Experience: A minimum of 7 10 years of experience; Proven experience in Risk Control/Portfolio Management/Quantitative role.
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