Risk Specialist - Buna Risk Specialist - Buna …

Arab Monetary Fund
in Abu Dhabi, Abu Z aby, United Arab Emirates
Permanent, Full time
Last application, 04 Dec 20
Competitive
Arab Monetary Fund
in Abu Dhabi, Abu Z aby, United Arab Emirates
Permanent, Full time
Last application, 04 Dec 20
Competitive
Arab Monetary Fund (AMF), an Arab regional financial organization headquartered in Abu Dhabi, United Arab Emirates is seeking to recruit a Risk Specialist 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 Specialist 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 specialist 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

Qualifications and Skills

Experience & Education

  • 5+ years of experience in risk management with at least 1 year of supervisory experience
  • Prior experience in consumer risk management, banking or financial industry
  • Graduate degree from a reputable university preferably in business, statistics, mathematics, computer science or related field

Skills

  • Knowledge of risk management and modelling, data management and analysis, compliance, banking and payment systems, financial and statistical analysis
  • Excellent communication skills (oral and written) with ability to effectively communicate by telephone, face to face, email and written
  • Proficient in Microsoft Office (Outlook, Word, Excel and PowerPoint)
  • Excellent organization and time management skills, and ability to work on own initiative, accurately to tight deadlines, and to prioritize between conflicting demands
  • Ability to handle multiple tasks with tight deadlines simultaneously
  • Effective team player and excellent relationship building skills with ability to demonstrate a high level of discretion and positive attitude with all internal and external stakeholders
  • Ability to maintain the highest level of confidential/sensitive information and professionalism
  • Flexibility and readiness to work beyond regular working hours and as required

Languages

  • Fluent in English
  • Knowledge of Arabic and French is a plus

The successful candidate will be offered competitive terms of service in accordance with the applicable employment policy, which includes tax free salary, housing allowance, furniture allowance, air tickets, education allowance, and life & medical insurance.

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