Head of Risk

myZoi | Financial Inclusion Technologies; Dubai; On-site; AED 300,000 - 500,000; Full time

Job summary

myZoi | Financial Inclusion Technologies seeks a seasoned professional to lead the design and implementation of a comprehensive enterprise risk system in Dubai. You will oversee operational risk management, deploy AI for enhanced efficiencies, and develop dashboards for stakeholder reporting. Ideal candidates will possess 10-15 years of relevant experience, with a strong emphasis on compliance and stakeholder engagement.

Qualifications

• 10-15 years of experience in risk, control, or audit roles.
• Strong understanding of various risk disciplines including credit and operational.
• In-depth knowledge of financial products and technology standards.

Responsibilities

• Lead the design and implementation of an enterprise-wide risk system.
• Deploy AI technologies to improve risk management efficiencies.
• Develop operational risk dashboards and provide performance insights to management.

Skills

Problem-solving

Quantitative skills

Stakeholder management

Education

Relevant academic or professional qualifications

Job description

Lead the design and implementation of an enterprise-wide risk system to enhance data collection, analysis, and reporting capabilities.

Deploy AI technologies, including Machine Learning and Natural Language Processing, to improve efficiencies in risk management processes across the organization.

Develop and maintain operational risk dashboards and reporting tools to provide timely insights to senior management and stakeholders.

Analyze operational risk data to identify trends, emerging risks, and areas for improvement in risk management practices.

Prepare and present regular reports on operational risk performance, including key risk indicators (KRIs) and risk mitigation efforts, to senior management and the board.

Collaborate with IT and data management teams to ensure data integrity, security, and accessibility for operational risk management.

Stakeholder Engagement

Foster strong relationships with internal stakeholders to promote a culture of risk awareness and accountability.

Engage with external regulators, partners, and industry bodies to stay informed of regulatory developments and best practices in governance and operational risk management.

Lead training and awareness initiatives to enhance organizational understanding of operational risk and its management.

Regulatory and Business Conduct

Display exemplary conduct and adhere to the Standard Chartered Group’s Code of Conduct.

Take personal responsibility for embedding high standards of ethics, including regulatory and business conduct.

This includes understanding and ensuring compliance with all applicable laws, regulations, guidelines, and the Code of Conduct.

Identify, escalate, mitigate, and resolve risk, conduct, and compliance issues collaboratively and effectively.

Represent the business and functions in regulatory reviews and lead review/assessment processes.

Key Stakeholders

Management Team

All functions

Internal Audit

Regulators and their auditors (where applicable)

External stakeholders

Standard Chartered Ventures and Group

Who you are

10-15 years of experience in risk, control, or audit roles.

Deep end-to-end experience in non-financial risk management within the second line of defense, with familiarity with regulatory frameworks.

Results-driven, self-motivated, with strong problem-solving and quantitative skills.

Comfortable communicating with senior management.

Enjoys working in a fast-paced, creative environment.

What You’ll Need

Strong understanding of various risk disciplines (credit, operational, market, liquidity, etc.).

Knowledge of systems and models is advantageous.

Analytical, inquisitive, detail-oriented, and persistent.

Ability to manage conflicting priorities and situations effectively.

In-depth knowledge of financial products, including stored value facilities, retail payment services, and consumer protection.

Knowledge of technology and ICS standards, including AI applications in financial services.

Relevant academic or professional qualifications and certifications are preferred.

Leadership and Stakeholder Management

Strong leadership skills and stakeholder management capabilities.

At myZoi, we promote equality, inclusion, diversity, and freedom, encouraging individuals to bring their authentic selves and unique value to the team.