Risk Officer

About the Role

mtier Strategic HR Solutions is looking to recruit a Risk Officer for a client in the insurance sector based in the UAE. This role focuses on enhancing and managing risk frameworks to safeguard business interests within the insurance domain.

Key Responsibilities

• Assist in establishing, implementing, and overseeing the organization's comprehensive risk management system.
• Identify and evaluate significant business, operational, financial, and insurance-related risks continuously.
• Maintain up-to-date risk registers, perform risk assessments, and manage control matrices effectively.
• Collaborate with various business departments to recognize potential risks and devise suitable mitigation strategies.
• Track key risk indicators (KRIs) and generate timely risk reports for senior management review.
• Help assess the adequacy of internal controls and the effectiveness of risk mitigation efforts.
• Liaise with internal teams concerning risk governance, compliance obligations, and audit processes.
• Monitor and ensure the prompt resolution of identified risk issues and related action plans.
• Facilitate internal and external audit processes by supplying necessary risk documentation and data.
• Keep informed about current regulatory standards, governance requirements, and insurance industry developments.
• Contribute to initiatives around business continuity, operational resilience, and enterprise risk management as necessary.

Required Qualifications and Experience

• Bachelor's degree in Risk Management, Finance, Business Administration, Accounting, Actuarial Science, or closely related disciplines.
• Between two and five years of pertinent experience, optimally within the insurance or financial services environment.
• In-depth knowledge of risk management principles, internal control systems, and risk evaluation methods.
• Demonstrated experience handling risk registers, key risk indicators, risk reporting, and the design and implementation of mitigation plans.
• Strong analytical capabilities combined with excellent skills in documentation, communication, and managing stakeholder relationships.
• Holding professional certifications such as Risk Management, Enterprise Risk Management (ERM), Financial Risk Management (FRM), Certified Internal Auditor (CIA), ACCA, or related credentials will be advantageous.
• Familiarity with local insurance regulations is a preferred asset.