Chief Risk Officer

Website Rak Bank

Job Description:

Managing the risk function in line with RAKINSURANCE Enterprise Risk Management (ERM) framework. Defining the Risk Appetite in consultation with RAKNIC and Group senior management and RAKNIC Board. Monitoring and reporting KRIs and appetite compliance periodically to all stakeholders including RAKNIC Board and RAKNIC and Group senior management.

Job Responsibilities:

  • Capability to work closely with all group risk functions including IT Risk, Market risk and Operational risk etc.
  • Ability to stay updated with industry trends, regulatory changes, and best practices in risk management, and provide recommendations for enhancements to the company’s risk management framework and policies.
  • Experience in ensuring compliance with all aspects of Risk Management and Internal Controls Regulations issued by the UAE Central Bank.
  • Experience in providing strategic guidance and advice to the senior management team and the Board of Directors on risk-related matters, including emerging risks, risk trends, and risk mitigation strategies.

Job Requirements:

  • Strong understanding of insurance operations, regulations, and risk management principles and practices.
  • Bachelor’s degree or equivalent, preferably with a Degree in Risk Management.
  • Strong leadership and management skills, with the ability to lead and inspire a team of risk management professionals.
  • Risk Management qualification (i.e. IRM, RIM) is desirable.
  • Must have knowledge in Solvency II.

Job Details:

Company: Rak Bank

Vacancy Type: Full Time

Job Location: Ras al-Khaimah, United Arab Emirates

Application Deadline: N/A

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