Risk Officer

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Our client a diversified Financial Services company is opening a branch in the UAE (Abu Dhabi -ADGM) and working alongside GRS to recruit a Risk Officer to join their team. Their new entity will be classified under ADGM as a Category 3A Brokerage, and the ideal candidate will have 5 years’ experience in a similar role along with proven knowledge of working with various regulators. If you believe you match our clients’ criteria for this role, GRS look forward to hearing from you for this Dubai based position.  
  • Working closely with the Compliance, Sales and Operations teams, the role will be responsible for the creation and execution of a firm wide risk management framework, covering internal and external policies and procedures to ensure regulatory compliance and mitigation of firm risk.
  • Create the risk management framework and ensure it is implemented in line with companywide and regulatory requirements.
  • Perform and review the annual control self-assessments done by the departmental heads and maintain an up-to-date risk register.
  • Complete regulatory risk submissions eg: the annual IRAP – Internal Risk Assessment Procedures and ICAAP – Internal Capital Adequacy Assessment Procedures documents.
  • Provide ongoing risk reviews of policies, operations and treasury for Senior Management. .
  • Discuss key risks with Senior Management and Board members and advise on controls that would help mitigate the risks.
  • Review implementation of a Business Continuity Plan and IT Disaster Recovery Plan. Also, support the implementation of IT security standards (ISO 27001) from a compliance and risk management perspective.
  • Review Due Diligence performed on counterparties (banks, custodians, executing brokers, FI counterparties) and approve the counterparty onboarding from a risk perspective.
  • Liaise with Internal Auditors and co-ordinate support to Internal Audit function performed by inhouse team or an appointed professional audit firm. Review implementation of internal audit observations and present key findings to Senior Management and Board of Directors.
  • Responsible for fully understanding and helping to maintain and execute the Regulatory Risk Management Policies, Procedures and documentation
  • Support coordination of risk reporting requirements as required from regulators through working with internal groups
  • Support development and presentation of risk reporting to relevant Boards and Committees
  • 5 years’ experience managing Risk in Retail brokerage firms, ideally within the cash equities or CFD space.
  • A thorough understanding of the business model of retail brokerage firms is essential.
  • Previous experience directly managing IRAP and ICAAP submissions under tier 1 regulators eg: FCA, Cysec, DFSA, FSRA
  • Self-motivated individual with the vision to create policies and procedures in line with company goals as well as regulatory commitments.
  • Excellent interpersonal skills with the ability to effectively communicate across all levels of seniority and achieve stakeholder buy in.
  • Knowledge of risk management procedures and practices is essential
  • Competitive salary of up to AED 30,000 per month
  • Medical Insurance
  • Visa for self and dependants
Due to the high volume of applications we receive at GRS Recruitment, only shortlisted candidates will be responded to.
To apply for this position, please email your CV to Amy Butler, amy@grsrecruitment.com quoting the above job reference.
Job Summary
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    21 July 2022
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  • 3993
  • amy@grsrecruitment.com
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