Chief Risk Officer

Al Futtaim Private Company (LLC); Dubai; On-site; AED 600,000 - 1,200,000; Full time

Job summary

Al Futtaim Private Company (LLC) in Dubai seeks a seasoned risk leader to develop, maintain and review AFF's enterprise risk framework, risk appetite framework, risk policies, KRIs and escalation procedures. You will provide timely risk reporting to the Board, risk committee and senior management.

Lead the second‑line oversight on credit risk, monitor portfolio quality and stress testing, oversee operational and third‑party risk, and support regulatory examinations with AFF as primary risk

Qualifications

• Bachelor’s degree in Finance, Risk Management, Accounting, Economics, Business Administration, Mathematics or related field.
• Master’s degree and professional qualifications such as FRM, PRM, CFA, CA, CPA or ACCA preferred.
• Minimum 12–15 years in risk management within financial services, with senior experience in a regulated lending, finance or banking environment.

Responsibilities

• Develop, maintain and review AFF's enterprise risk framework, risk appetite framework, risk policies, KRIs, limits, thresholds and escalation procedures.
• Provide timely risk reporting, independent risk opinions and escalation of material risk matters to the Board, Board Risk Committee and senior management.
• Provide independent second‑line oversight and challenge on credit risk including exposures, deviations, restructurings, write‑offs, concentration risk, provisioning indicators and portfolio deterioration.
• Monitor portfolio quality, concentration risk, delinquency trends, provisioning indicators, early warning indicators, risk appetite breaches and stress signals.
• Oversee operational risk outsourcing and third‑party risk, technology and information security risk, cyber risk, business continuity and resilience risk.
• Support regulatory examinations, remediation plans, regulatory responses and risk‑related submissions; act as AFF's primary risk representative with CBUAE.
• Provide independent risk input on policies, Delegation of Authority changes, outsourcing arrangements, new products, new services, distribution channels, strategic initiatives and major business changes.
• Lead the Risk function and promote strong risk culture through governance forums, training, awareness and engagement.

Skills

Enterprise risk management

Risk appetite framework

Credit risk oversight

Portfolio monitoring

Stress testing

Operational risk

Outsourcing risk

Regulatory engagement

Board reporting

Policy review

Risk data governance

Leadership and governance

Education

Bachelor’s degree in Finance, Risk Management, Accounting, Economics, Business Admin, Math

Master’s degree and professional qualifications such as FRM, PRM, CFA, CA, CPA or ACCA preferred

Job description

Responsibilities

• Develop, maintain and review AFF's enterprise risk framework, risk appetite framework, risk policies, KRIs, limits, thresholds and escalation procedures.


• Provide timely risk reporting, independent risk opinions and escalation of material risk matters to the Board, Board Risk Committee and senior management.


• Provide independent second‑line oversight and challenge on credit risk including exposures, deviations, restructurings, write‑offs, concentration risk, provisioning indicators and portfolio deterioration. The CRO does not own first‑line credit approvals or underwriting execution.


• Monitor portfolio quality, concentration risk, delinquency trends, provisioning indicators, early warning indicators, risk appetite breaches and stress signals. Oversee stress testing and scenario analysis.


• Oversee operational risk outsourcing and third‑party risk, technology and information security risk, cyber risk, business continuity and resilience risk. Review and challenge first‑line controls and elevate material weaknesses.


• Support CBUAE examinations, supervisory reviews, remediation plans, regulatory responses and risk‑related submissions. Act as AFF's primary risk representative with CBUAE.


• Provide independent risk input on policies, Delegation of Authority changes, outsourcing arrangements, new products, new services, distribution channels, strategic initiatives and major business changes.


• Lead the Risk function and promote strong risk culture through governance forums, training, awareness and engagement. Ensure risk decisions, exceptions, escalations and committee submissions.

Qualifications

• Bachelor’s degree in Finance, Risk Management, Accounting, Economics, Business Administration, Mathematics or related field.


• Master’s degree and professional qualifications such as FRM, PRM, CFA, CA, CPA or ACCA preferred.


• Minimum 12–15 years in risk management within financial services, with senior experience in a regulated lending, finance or banking environment.

Key Competencies

• Enterprise risk management, risk appetite framework, credit risk oversight, portfolio monitoring, stress testing, operational and outsourcing risk, technology and information security risk, regulatory engagement, board reporting, policy review, risk data governance, leadership and stakeholder management.