Chief Risk Officer
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Key skills for this role
About the Role
Develop and maintain enterprise risk frameworks, oversee credit and operational risks, provide risk reporting, and promote risk culture in financial services.
Key Skills for This Role
Responsibilities
- Develop, maintain and review AFF’s enterprise risk framework, Risk Appetite Framework, risk policies, KRIs, limits, thresholds and escalation procedures
- Provide timely risk reporting, independent risk opinions and escalation of material risk matters to the Board, Board Risk Committee and senior management
- Provide independent second line oversight and challenge on credit risk, including exposures, deviations, restructurings, write offs, concentration risk, provisioning indicators and portfolio deterioration
- Monitor portfolio quality, concentration risk, delinquency trends, provisioning indicators, early warning indicators, risk appetite breaches and stress signals
- Oversee stress testing and scenario analysis
- Oversee operational risk, outsourcing and third party risk, technology and information security risk, cyber risk, business continuity and resilience risk
- Review and challenge first line controls and escalate material weaknesses
- Support CBUAE examinations, supervisory reviews, remediation plans, regulatory responses and risk related submissions
- Provide independent risk input on policies, DoA changes, outsourcing arrangements, new products, new services
Requirements
- 12 15 years of experience in risk management
- Experience in enterprise risk governance and framework development
- Knowledge of credit risk, operational risk, and regulatory compliance
Full Job Posting
Enterprise Risk Governance, Framework and Risk Appetite
- Develop, maintain and review AFF’s enterprise risk framework, Risk Appetite Framework, risk policies, KRIs, limits, thresholds and escalation procedures.
Board Risk Committee and Executive Risk Reporting
- Provide timely risk reporting, independent risk opinions and escalation of material risk matters to the Board, Board Risk Committee and senior management.
Independent Credit Risk Oversight and Challenge
- Provide independent second line oversight and challenge on credit risk, including exposures, deviations, restructurings, write offs, concentration risk, provisioning indicators and portfolio deterioration.
- The CRO does not own first line credit approvals or underwriting execution.
Portfolio Monitoring, Risk Appetite, Stress Testing and Early Warning Oversight
- Monitor portfolio quality, concentration risk, delinquency trends, provisioning indicators, early warning indicators, risk appetite breaches and stress signals.
- Oversee stress testing and scenario analysis.
Operational, Outsourcing, Technology and Resilience Risk Oversight
- Oversee operational risk, outsourcing and third party risk, technology and information security risk, cyber risk, business continuity and resilience risk.
- Review and challenge first line controls and escalate material weaknesses.
Regulatory Risk Management, CBUAE Readiness and Remediation Support
- Support CBUAE examinations, supervisory reviews, remediation plans, regulatory responses and risk related submissions.
- Act as AFF’s primary risk representative with CBUAE on risk matters.
Risk Input into Governance, Policy, New Products and Strategic Change
- Provide independent risk input on policies, DoA changes, outsourcing arrangements, new products, new services, dist
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