Senior Risk Executive - Emiratization

About the role:

The Senior Risk Executive is responsible for identifying, assessing and monitoring risks that affect the Company’s reputation, safety and security, financial performance and stability. The role supports the Company’s enterprise risk management activities, including risk assessments, RCSA, KRI validation, risk reporting and follow-up of mitigation actions, in coordination with departments across the Group.

• Support the management during the risk assessments to identify potential threats and vulnerabilities. Participate in risk identification workshops.
• Regularly review and update risk registers to ensure a comprehensive understanding of potential risks.
• Assist in the data collection, analysis and reporting. Update risk management dashboard and presentations to the Senior Management.
• Support the management in implementing the risk mitigation strategies and action plans. Collaborate with various departments to ensure effective risk management measures are in place. Follow-up with Risk Champions and ensure implementation of action plans.
• Coordinate Risk and Control Self-Assessments (RCSAs) with process owners and Risk Champions. Review the risks, existing controls, likelihood and impact assessments, residual risk ratings and proposed action plans, and update the relevant risk registers.
• Validate Key Risk Indicators (KRIs) against approved definitions, formulas, thresholds and supporting evidence. Document the results, follow up on discrepancies or missing information, and escalate indicators that exceed the approved risk appetite.
• Implement crisis management plans to respond effectively to unforeseen events. Coordinate with relevant teams to ensure a swift and organized response during crises. Conduct post-crisis evaluations to identify areas for improvement.
• Utilize data analytics tools to identify trends and patterns related to risks. Stay abreast of technological advancements that can enhance risk management processes. Implement and manage risk management software and tools.
• Provides oversight over the company ERM policy setting and application framework. Implement the ERM processes and methods to manage risks.
• Communicate risk-related information to key stakeholders and senior management. Prepare regular reports on the status of risk management activities. Provide training and education to employees on risk awareness and management.
• Liaison with Compliance and Internal Audit team and provide them with the updated risk registers for various functions or departments.
• Prepare and update Internal Control over Financial Reporting (ICFR) risk and control matrices (RCMs) in coordination with process owners, and support the team in testing the design and operating effectiveness of controls, including reviewing supporting evidence and documenting test results.
• Work closely with other departments, such as finance, legal, and operations, to integrate risk management into overall business strategies. Foster a culture of risk awareness and accountability within the organization.
• Contribute to risk communication efforts to raise awareness amongst employees.
• Stay informed about relevant laws, regulations, and industry standards.
• Perform additional tasks as assigned by the management. These tasks may not be explicitly stated in this job description but are essential to the overall success of the department and company.