Home UAE Abu Dhabi Senior Risk Officer – Buna

Senior Risk Officer – Buna
Full time at Arab Monetary Fund in Abu Dhabi, UAE

Senior Risk Officer – Buna Full time at Arab Monetary Fund in Abu Dhabi, UAE

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Posted on April 29, 2021

Job details

Introduction

Arab Monetary Fund (AMF), an Arab regional financial organization headquartered in Abu Dhabi, United Arab Emirates is seeking to recruit a Senior Risk Officer to join the Regional Payment, Clearing and Settlement Organization (ARPCSO or Buna) which is a wholly owned entity established as a regional organization.

Duties of the Senior Risk Officer include implementing 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 Senior Risk Officer 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 developments in general


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