Chief Risk Officer - Enterprise Risk Governance

AlFuttaim; Dubai; On-site; AED 55,000 - 80,000; Full time

Job summary

Al-Futtaim Finance Company in Dubai seeks a seasoned Chief Risk Officer - Enterprise Risk Governance to lead the second line of defense across credit, operational, cyber, and regulatory risks. You will shape risk governance, challenge management, and ensure CBUAE readiness while reporting to the Board and risk committees.

The role requires senior leadership with deep enterprise risk knowledge, governance experience, and the ability to translate complex risk topics for executives and regulators.

Qualifications

• Bachelor's degree in Finance, Risk Management, Economics, or related discipline.
• Master's degree is advantageous.
• Professional qualifications such as FRM, PRM, CFA, CA, CPA, or ACCA preferred.

Responsibilities

• Lead the organization’s second line of defense across multiple risk areas.
• Develop and maintain the enterprise risk management framework.
• Establish and manage the Risk Appetite Framework and related KRIs.
• Define risk policies, escalation protocols, and governance requirements.
• Provide independent risk opinions to the Board and governance forums.
• Oversee risk in outsourcing, technology, cyber, and operations.
• Ensure IFRS 9 / ECL considerations are challenged and accurate.
• Coordinate regulatory submissions and readiness with CBUAE.

Skills

Enterprise risk management

Risk Appetite Framework

Credit risk

Credit policy

Credit underwriting

Portfolio risk

Portfolio monitoring

Concentration risk

Delinquency analysis

IFRS 9

Expected Credit Loss

Operational risk

Third-party risk

Technology risk

Information security risk

Cyber risk

Business continuity

Operational resilience

Model risk

Regulatory risk

Regulatory compliance

Board risk reporting

Risk governance

Second line of defense

CBUAE regulatory readiness

Education

Bachelor's degree in Finance

Finance/Risk Management/Economics/Business Administration

Master's degree is advantageous

FRM

PRM

CFA

CA / CPA / ACCA

Job description

Chief Risk Officer - Enterprise Risk Governance

Job Snapshot Role: Chief Risk Officer - Enterprise Risk Governance Location: Dubai, United Arab Emirates Industry: Financial Services Function: Risk Management Experience: 12-15 years Job Type: Full-time

Position Overview Chief Risk Officer - Enterprise Risk Governance in Dubai, United Arab Emirates is a Financial Services leadership opportunity responsible for independent enterprise-wide risk oversight within Al-Futtaim Finance Company. The role leads the second line of defense across credit, portfolio, operational, outsourcing, technology, cyber, information security, resilience, strategic, emerging, model, and regulatory risks while maintaining strong governance and CBUAE regulatory readiness.

Job Details Country: United Arab Emirates City: Dubai Industry: Financial Services Function: Risk Management Salary: 55000-80000 Estimated salary range based on similar jobs in the job city; please confirm the final offer with the employer. Gender: Any Candidate Nationality: Any Job Type: Full-time

Role Context The Chief Risk Officer provides independent challenge and oversight to protect the financial strength, regulatory standing, and long-term resilience of Al-Futtaim Finance Company. Operating independently from first-line business activities, the CRO establishes the risk architecture through which exposures are identified, measured, monitored, challenged, and escalated. The position has direct relevance to Board governance and serves as the principal risk representative in interactions with the Central Bank of the UAE on risk-related matters.

Key Responsibilities

• Lead the independent Risk Management function as the organization 's second line of defense.
• Develop and periodically review the enterprise risk management framework in line with the company 's business model and regulatory obligations.
• Establish and maintain the Risk Appetite Framework, ensuring risk appetite measures remain aligned with strategic and financial objectives.
• Define risk policies, KRIs, limits, thresholds, governance requirements, and escalation protocols.
• Provide independent risk opinions to the Board, Board Risk Committee, senior management, and relevant governance forums.
• Escalate material exposures, control weaknesses, risk appetite breaches, and emerging concerns without delay.
• Exercise second-line oversight and challenge over credit risk management and underwriting frameworks.
• Review credit exposures, policy deviations, restructurings, write-offs, and concentration positions from an independent risk perspective.
• Monitor portfolio quality, delinquency movements, concentration risk, provisioning indicators, and deterioration trends.
• Establish early warning indicators capable of identifying adverse portfolio developments before they become material.
• Assess IFRS 9 and ECL-related risk indicators and challenge assumptions where appropriate.
• Monitor stress signals and ensure breaches of approved risk appetite or limits receive appropriate management action.
• Oversee operational risk and assess the effectiveness of first-line controls.
• Provide independent governance over outsourcing arrangements and third-party risk exposures.
• Maintain oversight of technology, information security, and cyber risk within the enterprise risk framework.
• Challenge business continuity and operational resilience arrangements to ensure material vulnerabilities are identified.
• Oversee model risk where applicable and ensure appropriate governance around significant risk models.
• Evaluate emerging, strategic, and regulatory risks that could affect the finance company 's objectives or regulatory position.
• Review material weaknesses identified within first-line controls and drive appropriate escalation through governance channels.
• Support CBUAE examinations, supervisory reviews, and regulatory risk assessments.
• Coordinate risk-related regulatory submissions, responses, remediation programs, and evidence requirements.
• Act as the primary risk representative with CBUAE on matters within the CRO mandate.
• Provide independent risk assessment for new products, services, distribution channels, and significant business initiatives.
• Review proposed policy changes and Delegation of Authority amendments from a risk governance perspective.
• Challenge major outsourcing decisions and material business changes before implementation.
• Provide risk input into strategic planning and significant organizational decisions.
• Lead, develop, and maintain an effective Risk Management team with appropriate technical capability.
• Strengthen risk culture through governance forums, management engagement, awareness programs, and training.
• Promote clear ownership of risk across the first and second lines while preserving the independence of the Risk function.

Ideal Profile

This appointment requires a senior risk executive with substantial experience in regulated lending, banking, or finance companies and the authority to provide independent challenge at Board and executive level.

• Bachelor 's degree in Finance, Risk Management, Accounting, Economics, Business Administration, Mathematics, or a related discipline.
• Master 's degree is advantageous.
• Professional qualifications such as FRM, PRM, CFA, CA, CPA, or ACCA are preferred.
• Minimum 12-15 years of progressive risk management experience within financial services.
• Significant senior-level experience within a regulated lending, banking, or finance environment.
• Strong practical understanding of enterprise risk management and second-line governance.
• Extensive experience developing and implementing credit policies.
• Deep knowledge of risk appetite frameworks and risk limit structures.
• Hands-on experience with credit underwriting frameworks and independent credit risk oversight.
• Strong portfolio monitoring capability covering delinquency, deterioration, concentration, and early warning indicators.
• Practical knowledge of collections oversight from a risk management perspective.
• Strong understanding of IFRS 9 and Expected Credit Loss principles.
• Experience managing concentration risk and portfolio-level credit exposures.
• Knowledge of write-offs, restructurings, and distressed credit management.
• Experience with operational, outsourcing, technology, information security, cyber, and resilience risks.
• Strong familiarity with regulatory examinations, remediation programs, and supervisory engagement.
• Ability to communicate complex risk matters clearly to Board members, senior executives, regulators, and business leaders.
• Strong leadership capability with the independence and judgement required to challenge significant business decisions.

Skills Set

• Enterprise risk management
• Risk Appetite Framework
• Credit risk
• Credit policy
• Credit underwriting
• Portfolio risk
• Portfolio monitoring
• Concentration risk
• Delinquency analysis
• Early warning indicators
• IFRS 9
• Expected Credit Loss
• Collections oversight
• Credit restructuring
• Write-off governance
• Operational risk
• Outsourcing risk
• Third-party risk
• Technology risk
• Information security risk
• Cyber risk
• Business continuity
• Operational resilience
• Model risk
• Strategic risk
• Emerging risk
• Regulatory risk
• Key Risk Indicators
• Risk limits
• Stress testing
• Risk governance
• Second line of defense
• CBUAE regulatory compliance
• Regulatory remediation
• Board risk reporting
• Delegation of Authority
• Risk culture
• Risk policy development
• Executive stakeholder management

Why Join Us

Senior risk leadership within regulated Financial Services has become increasingly important as lending institutions face heightened expectations around credit quality, operational resilience, cyber exposure, outsourcing, governance, and regulatory accountability. This position offers enterprise-wide influence across Al-Futtaim Finance Company, direct engagement with Board-level governance, and a central role in CBUAE readiness. It provides an experienced risk executive with the mandate to shape risk appetite, strengthen independent oversight, develop risk culture, and support sustainable business growth.

About the Company

Al-Futtaim Group is a diversified privately held regional business headquartered in Dubai, United Arab Emirates. Established in the 1930s, the group employs more than 35000 people across over 20 countries in the Middle East, Asia, and Africa and partners with more than 200 international brands. Its businesses span automotive, financial services, real estate, retail, and healthcare, providing Al-Futtaim Finance Company with the backing of a large regional organization built around respect, excellence, collaboration, and integrity.