Home UAE Risk, Process & Compliance Manager | Retail | Dubai

Risk, Process & Compliance Manager | Retail | Dubai
Full time at Al Futtaim Group in UAE, UAE

Risk, Process & Compliance Manager | Retail | Dubai Full time at Al Futtaim Group in UAE, UAE

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Posted on April 27, 2021

Job details

The role will serve to support the CFO – Retail in ensuring that there is a proper framework, governance, and compliance of the Retail division. This will include the understanding and developing the process & compliance of store operations, supply networks and stock. We are looking for someone who can evaluate and redesign the structure.

 

KEY ROLE SPECIFIC ACCOUNTABILITIES:

  • Hold the position of Process & Compliance leader for the Retail business at division level, responsible for championing the creation and implementation framework across the division and coordinating Process & Compliance Champions for each business within the Retail division
  • Creation of Process & Compliance Framework, including Governance
  • Support the implementation of Group Internal Audit recommendations and adherence to the retail Process & Compliance Frame of Group Risk ERM Framework in the Retail division
  • Create reports that monitor retail-wide adherence to Group Internal Audit Recommendations
  • Quarterly meetings with businesses heads to go over findings and get status updates
  • Responsible for the active adoption and practice of risk management in accordance with the ERM Framework across the Retail Division
  • Make independent judgments, often based on interpretation of System and/or local policy or knowledge of various risk disciplines (credit, market, operational, strategic and / or reputational)
  • Risk registers based on Group Internal Audit Findings as well as review of existing policies, processes and procedures are maintained with up to date and valid information; risks are duly identified, classified, and assigned to the appropriate areas of responsibility
  • The accuracy and validity of information is maintained in the System
  • Escalate serious issues without delay to Retail CFO & Retail President     
  • Risks and Issues are reported without delay and escalated to the appropriate parties in a timely manner and minimal surprises
  • Provide feedback on any significant gaps in the capabilities around managing risks
  • Make recommendations to Retail CFO and Retail President that will further enhance compliance within Retail                
  • Feedback from Group Risk regarding value add from the contributions made by the risk manager
  • Conduct education and training on risk management, process & compliance to the businesses within the Retail Division, and promote active risk management and awareness throughout the Division
  • Feedback from training recipients
  • Keep up to date with current trends from the region and from across the world
  • Demonstrate an awareness of the market and bring attention to the management of potential risks in the retail sector, regulatory environment, market dynamics etc., to which consideration should be given on how these could affect Al Futtaim Retail Division or the Group in general


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