Chief Risk Officer
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Key skills for this role
About the Role
Al-Futtaim Finance seeks a Chief Risk Officer to lead the independent Risk Management function as second line of defense for a CBUAE-regulated finance company.
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 operational risk, outsourcing and third party risk, technology and information security risk, cyber risk, business continuity and resilience risk
- 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, distribution channels, strategic initiatives and major business changes
- Lead the Risk function and promote strong risk culture through governance forums, training, awareness and engagement
Requirements
- Bachelor's degree in Finance, Risk Management, Accounting, Economics, Business Administration, Mathematics or related field
- Minimum 12 15 years in risk management within financial services
- Senior experience in a regulated lending, finance or banking environment
- Enterprise risk management, Risk Appetite Framework, credit risk oversight, portfolio monitoring, stress testing, operational and outsourcing risk, technology and information security risk, regulatory engagement, Board reporting, policy review, risk data governance, leadership and stakeholder management
Full Job Posting
Job Overview
- The Chief Risk Officer leads AFF’s independent Risk Management function as the second line of defense for a CBUAE regulated finance company.
- The CRO is responsible for enterprise wide risk oversight across credit, portfolio, operational, outsourcing, technology, information security, resilience, model risk where applicable, emerging, strategic and regulatory risks.
- The role owns the Enterprise Risk Management Framework, Risk Appetite Framework, risk policies, risk reporting, monitoring and escalation processes.
- The CRO provides independent challenge, risk opinions and escalation to the Board, Board Risk Committee and senior management, while remaining independent from revenue generating activities.
Responsibilities
- 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.
- 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.
- 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.
- Regulatory Risk Management, CBUAE Readiness and Remediation Support: Support CBUAE examinations, supervisory reviews, remediation plans, regulatory responses and risk related submissions.
- Risk Input into Governance, Policy, New Products and Strategic Change: Provide independent risk input on policies, DoA changes, outsourcing arrangements, new products, new services, distribution channels, strategic initiatives and major business changes.
- Risk Culture, Leadership and Governance Evidence: Lead the Risk function and promote strong risk culture through governance forums, training, awareness and engagement.
Requirements
- Bachelor’s degree in Finance, Risk Management, Accounting, Economics, Business Administration, Mathematics or related field. Master’s degree and professional qualifications such as FRM, PRM, CFA, CA, CPA or ACCA preferred.
- Minimum 12–15 years in risk management within financial services, with senior experience in a regulated lending, finance or banking environment.
- Enterprise risk management, Risk Appetite Framework, credit risk oversight, portfolio monitoring, stress testing, operational and outsourcing risk, technology and information security risk, regulatory engagement, Board reporting, policy review, risk data governance, leadership and stakeholder manage
About Al Futtaim Group Real Estate
- The real estate development and operations arm of Al Futtaim, responsible for a multi billion dollar portfolio across MENA.
- Develops high quality residential, business, retail, tourism, educational and healthcare developments.
- Master developer catering to diverse needs of cities and communities in the region.
About Al Futtaim Malls
- Provides development and asset management expertise, specializing in building retail led super regional malls in prime locations across MENA and beyond.
- Directly managed portfolio includes over 9 million sqft of retail space across four malls in the MENA region and two under development.
About Al Futtaim Engineering & Technologies
- Offers customers complete engineering and systems integration solutions.
- Engineering arm operates in UAE, Qatar, Saudi Arabia and Egypt providing products and services from air conditioning, scaffolding, elevators, MEP, energy management, technology infrastructure and digital transformation.
- Technologies division provides business solutions including contact centre, business applications, BI, data management, advanced analytics, IP telephony, ELV systems, networking, audio visual solutions and managed services.
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