Conduct regular risk assessments and audits to evaluate the effectiveness of risk controls.
Analyze market trends, financial statements, and economic data to predict potential risks.
Use quantitative models to forecast the impact of various risk scenarios.
Risk Strategy & MitigationDevelop and implement risk management strategies and policies.
Recommend solutions and strategies to mitigate identified risks, including the use of financial instruments such as derivatives and insurance.
Monitor risk exposure levels and report findings to senior management.
Prepare detailed reports and presentations on risk metrics, trends, and key risk indicators (KRIs).
AML & Regulatory ComplianceEnsure compliance with relevant regulations and industry standards, particularly AML regulations.
Develop and implement AML policies and procedures, including customer due diligence, transaction monitoring, and suspicious activity reporting.
Liaise with regulatory bodies and ensure timely and accurate reporting.
Leveraged Account Risk ManagementMonitor and manage the risks associated with leveraged accounts.
Assess the impact of market fluctuations on leveraged positions and ensure sufficient collateral is maintained.
Implement risk mitigation strategies to manage potential margin calls and liquidation risks.
Stakeholder Coordination & Incident ResponseWork closely with other departments, including Trading, Operations, IT, and Compliance, to develop integrated risk management solutions.
Communicate risk policies and processes to all stakeholders within the firm.
Lead efforts to manage identified risks and coordinate response efforts during critical incidents.
Uphold company values throughout business practices and utilize sound judgment in decision making.
Any other additional duties as may be required by management based on needs of the business.
POSITION REQUIREMENTSEducational QualificationsBachelor's degree in Finance, Economics, Business Administration, Risk Management, or a related field.
This role falls under the regulatory oversight of the UAE Capital Market Authority (CMA), formerly the Securities and Commodities Authority (SCA); attainment of the requisite accreditation is required.
MBA or a relevant advanced degree is preferred.
Professional certifications such as CFA, FRM, PRM, or equivalent are highly desirable.
Work ExperienceA minimum of 5 to 7 years in a related field.
Full and practical knowledge of the regulations and policies of the UAE Capital Market Authority (CMA) — formerly the Securities and Commodities Authority (SCA) — and related UAE laws.
Proven experience in risk management or compliance roles.
Proven knowledge of industry best practices and cross-border transactions.
Experience and published research relating to fixed income, equity, and currency markets.
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