Risk and Compliance Manager - Dry Bulk Chartering for Dubai

Risk and Compliance Manager - Dry Bulk Chartering for Dubai Risk and Compliance Manager - Dry Bulk Chartering for Dubai Job Title Risk and Compliance Manager – Dry Bulk Chartering Job Description General Job Information Job Title Risk and Compliance Manager – Dry Bulk Chartering Department Operations Reports To CEOJob Summary The Risk and Compliance Manager – Dry Bulk Chartering is responsible for identifying, assessing, and mitigating risks while ensuring regulatory compliance in chartering operations. This role supports strategic decision-making by monitoring market volatility, counterparty risks, and legal obligations, safeguarding the company’s financial and operational integrity.Main Responsibilities Accountability Risk Management Develop, implement and manage a Robust Risk Model which incorporates all positions (including FFA and Swaps)Identify and assess risks (market, credit, operational, geopolitical).Monitor freight markets and advise on hedging strategies (FFAs, derivatives).Develop, implement and manage a “Counterparty due diligence (credit checks, sanctions screening) Policy"Conduct risk analysis, trade risk, due diligence checks for counterparties, vessels and contracting parties, ensuringcompliance with regulatory requirements and internal policies Highlight high-risk counterparties, exposed transactions, and deviations from standard procedures in the reports Sanctions & Compliance Develop, implement and manage the Compliance Framework, team strategy and plan in line with the Global Compliance strategy and the compliance risk profile with the objective of ensuring that compliance risks areappropriately managed and ensuring adherence to relevant laws, regulations, and industry standards.Implement and enforce internal compliance policies Design and conduct regular compliance risk assessments to identify and mitigate potential areas of non-compliance.Ensure the effectiveness and efficiency of compliance tools to support the organization's objectives Maintain oversight of the compliance monitoring program across the company. Program to include monitoring of transactions, business communications and any regulatory requirements reviews as applicable Prepare senior management information and reporting regarding all compliance activities Conducting regular audits on compliance processes related to fixed vessels.Oversee the compliance monitoring program, including transaction monitoring, business communications reviews, andtrade surveillance.Document Control: Establish and maintain document control processes to ensure the proper creation, review, approval, distribution, and retention of documents, including policies, procedures, specifications, and records.Compliance and Reporting: Monitor regulatory changes and industry trends related to quality management and document control. Ensure compliance with relevant standards, regulations, and customer requirements. Preparereports and metrics to track performance and compliance Develop, implement and manage the Compliance Framework, team strategy and plan in line with the Global Compliance strategy and the compliance risk profile with the objective of ensuring that compliance risks areappropriately managed and ensuring adherence to relevant laws, regulations, and industry standards.Financial Crime and AML (Anti-Money Laundering)FATF compliance and anti-bribery standards; Know Your Customer (KYC); Suspicious Activity Reports (SARs); Internal controls on financial flows Contract Review & Governance Liaise with insurers and legal counsel to ensure adequate risk coverage for cargo, operations, and liabilities.Cross-jurisdictional compliance (IMO, OFAC, port regulations)Review and negotiate charter party agreements (BIMCO, NYPE, GENCON).Conducting compliance due diligence on third parties Maintain standardized clause library and ensure ESG compliance (CII, EEXI).Internal Controls & Reporting Develop risk dashboards and KPIs for senior management.Lead incident investigations (claims, disputes) and recommend corrective actions.Stakeholder Engagement Advise senior management on risk-reward trade-offs.Collaborate with operations, finance, and insurance teams.Contract Review & Governance Liaise with insurers and legal counsel to ensure adequate risk coverage for cargo, operations, and liabilities.Cross-jurisdictional compliance (IMO, OFAC, port regulations)Review and negotiate charter party agreements (BIMCO, NYPE, GENCON).Additional Points Develop and implement a compliance strategy based on a thorough understanding of regulatory requirements, industry standards, and organizational goals.Conduct risk assessments related to due diligence and compliance, identifying potential risks and developing mitigationstrategies. Make informed decisions on risk tolerance and risk management measures.Ensure that vessels meet operational standards and comply with safety and environmental regulations. Monitor andassess vessel performance, maintenance, and adherence to industry best practices.Establish and enforce operational parameters for document verification and record-keeping processes to ensuretransparency, traceability, and compliance with legal requirements.Provide regulatory advice and guidance Assist the business with further developing regulatory solutions and ensure continued and ongoing regulatorycompliance.Provision of regular and ad hoc training to the business on regulatory or compliance issues Support the set-up, implementation and operation of risk prevention tools Collaborate with corporate stakeholders to monitor enforcement of standards and regulations Assess the business’s future ventures to identify possible compliance or regulatory risks Identify opportunities for process improvements in due diligence and compliance management. Decide on the implementation of new technologies or methodologies to enhance efficiency and effectiveness.Key Relationships Relationship Internal/External Brief Description Chartering Managers Internal Partner to align risk mitigation with commercial objectives.Legal & Compliance Team Internal Ensure contractual and regulatory compliance.P&I Clubs / External Regulators External Liaise on claims, sanctions, and industry updates.Role Dimensions Decision Making Authority within company policies and risk frameworks.Escalate high-impact risks to Head of Chartering.Budget / Expenditure No direct budgetary authority; advisory role on risk-related costs.Direct / Indirect Reports None Required Qualifications Bachelor’s degree in Shipping, Maritime Law, Finance, or related field.Preferred Qualifications Certifications (CFA, FRM, ICSA).Required Experience5+ years in dry bulk chartering, risk management, or maritime compliance Preferred Experience Experience with ESG/climate-related risks in shipping.Knowledge & Skills Critical Knowledge Requirements Maritime Regulations: IMO, SOLAS, MARPOL, ISM, ISPS, MLC, CII, EEXI, BWM sanctions regimes.Charter Party Agreements: BIMCO, NYPE, GENCON clauses.Required Skills Risk Assessment (Expert): Analyzes market, credit, and operational risks.Negotiation (Advanced): Reviews and amends contractual terms.Other Familiarity with data analytics (Power BI, Python) is a plus.Willingness to stay updated on evolving industry regulations.Achyutam International is a leading Recruitment Agency for Jobs in Africa, Middle East and Asia, both for Expatriates and for Local professionals. Through our AI based database, which has a large number of professionals interested in International jobs, Achyutam International closes any challenging mandates in the fields of operations, engineering, production, R&D, Quality Control, Supply Chain Management, Logistics, IT, Finance, Sales, CEO's and others; Many candidates has got jobs in Edible Oil, plastics, FMCG, beverages, metals, fodd processing, Agri, Textiles, steel, packaging,etc..Achyutam International has headhunted professionals in 30+ countries like Nigeria, Ghana, Benin, Conakry, IVC, Cameron, Senegal, South Africa, Mozambique, Kenya, Tanzania, Ethiopia, Angola, DR Congo, Malawi, Rwanda, Sudan, Malaysia, Indonesia, UK, Singapore, Mauritius, Madagascar, UAE, Dubai, Saudi Arabia, Kuwait, Oman, Muscat, etc.Seniority level Seniority level Mid-Senior level Employment type Employment type Full-time Job function Job function Finance and Sales Industries Business Consulting and Services Referrals increase your chances of interviewing at Achyutam International - Consulting in HR & Finance by 2x Get notified about new Risk Compliance Manager jobs in Dubai, Dubai, United Arab Emirates.Senior Risk Manager, Trustworthy Shopping Experience - Arabic Speaker, TSE International Head of Products and Investment Solutions Senior Executive - Quality, ISO, and Risk Management Dubai, Dubai, United Arab Emirates 1 year ago Director, Strategic Deals & Commodities (Based in Cambodia)Compliance Officer - Financial Crime - Fin Tech Dubai, Dubai, United Arab Emirates 21 hours ago We’re unlocking community knowledge in a new way. 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