Head of Risk Management (FinTech)

Confidential Jobs; Dubai; On-site; AED 300,000 - 450,000; Full time

Job summary

A fast-growing digital bank in Dubai is seeking a Head of Risk Management to oversee risk identification and mitigation across various domains. Responsibilities include developing the bank's risk management framework and ensuring compliance with regulations. The ideal candidate should have substantial experience in financial risk management and team leadership. This full-time executive position offers significant growth opportunities within the banking sector.

Qualifications

• Experience in identifying and mitigating risks within financial services.
• Strong understanding of financial regulations related to retail banking.
• Ability to lead a team and develop risk professionals.

Responsibilities

• Develop and implement the bank's risk management framework.
• Lead risk assessments within the retail banking sector.
• Ensure adherence to relevant regulatory requirements and industry standards.
• Establish risk reporting and monitoring processes.
• Build relationships with stakeholders and lead a team of risk professionals.

Skills

Financial risk management

Regulatory compliance

Team leadership

Data analysis

Effective communication

Job description

Our client is a fast growing digital bank within the Retail, Wealth Management and SME space. They have achieved significant growth since their inception and are now planning the next phase in their growth. They are looking to recruit a new Head of Risk Management who will be focused on overseeing the identification, assessment, and mitigation of risks, ensuring the bank complies with regulations and manages risk across credit, market, operational, and information security.

Responsibilities

• Develop and implement the bank's risk management framework, ensuring it aligns with regulatory requirements and industry best practices.
• Lead the identification, assessment, and analysis of risks within the retail banking business, including areas like credit, market, operational, and compliance.
• Develop and implement risk mitigation strategies, including controls and procedures, to address identified risks and ensure they are within acceptable tolerance levels.
• Ensure the bank adheres to relevant regulatory requirements and industry standards, including those related to anti-money laundering (AML), customer protection, and data privacy.
• Establish robust risk reporting and monitoring processes, providing timely and accurate information to senior management and the board.
• Build and maintain strong relationships with internal stakeholders, including business units, compliance, and audit, as well as external stakeholders like regulators.
• Lead, motivate, and develop a team of risk professionals, ensuring they have the skills and knowledge to effectively manage risks.

Skills and Experience

• Deep understanding of financial risk management
• Experience in identifying, assessing, and mitigating various types of risks within the financial services industry
• Strong understanding of relevant regulations and compliance requirements, including those related to retail banking
• Ability to lead a team, communicate effectively with stakeholders, and present complex information clearly
• Ability to analyze data, identify trends, and develop solutions to complex risk management challenges

Industry experience

• Experience in retail banking, financial services, or a related field is highly valued
• Fintech experience is a plus

Seniority level

• Executive

Employment type

• Full-time

Job function

• Finance

Industries

• Banking and Financial Services