RISK MANAGER - BUNA - Arab Monetary Fund

Introduction
Arab Monetary Fund (AMF), an Arab regional financial organization headquartered in Abu Dhabi, United Arab Emirates is seeking to recruit a Risk Manager to join the Regional Payment, Clearing and settlement Organization (Buna) which is wholy owned entity under establishment as a regional organisation.


Duties of the Risk Manager include implementing and managing the ERM framework and Buna’s corresponding key risk indicators. The job holder is also responsible for performing day-to-day risk assessments and regularly reporting risks and mitigation measures to key management. This position will report to the Chief, Risk and Compliance Officer.


In this context, the following sections detail the main job responsibilities, qualifications and skills related to the risk manager position:


Job Responsibilities
Risk Assessment


Develop and implement the Risk Management framework: define risk modelling and methodology adapted to Buna’s activities
Monitor and analyze risk performance indicators independently, proposing improvements to the risk processes & strategy
Develop and deliver risk analysis and insights to enable and promote a risk-informed decision-making mindset within Buna
Perform day-to-day risk assessments and report identified risks as well as suggested mitigations
Investigate patterns and indicators that emerge which increases the risk exposure of Buna
Assesses potential sources of risk events for the business
Synthesize risk related information (risk identification, measurement, monitoring, reporting and mitigation) into organizational level reporting
Prepare periodic reports to upper management against pre-defined key risk indicators
Risk Mitigation


Quantify the risk of fraud and the overall exposure to Buna and deal with the high priorities by monitoring them on an on-going basis
Escalate issues in time, to the appropriate level, to avoid any adverse impact on the business
Perform compliance controls to make meaningful reductions in Buna’s risk exposure
Recommend corrective actions to resolve non-compliance
Promote the understanding and awareness of significant risk drivers within the business to key stakeholders
Process Development


Produce the risk assessment framework and the corresponding key risk metrics and indicators
Analyze business processes and propose optimizing solution
Monitor and keep abreast of the payment system, banking, market, capital markets, and credit news in general

Job Details

Posted Date: 2020-07-19
Job Location: Abu Dhabi, United Arab Emirates
Job Role: Finance and Investment
Company Industry: Financial Services

Preferred Candidate

Career Level: Mid Career


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