Risk Manager

AIG Insurance; Dubai; On-site; AED 180,000 - 240,000; Full time

Job summary

A leading insurance firm in Dubai is looking for a Risk Manager to enhance its risk management capabilities. You will support the Chief Risk Officer and collaborate with various teams to ensure robust risk frameworks. Ideal candidates have a Bachelor's Degree in Finance, Risk Management, or a related field, alongside practical experience in the insurance industry. Strong analytical and communication skills are crucial for this role, which offers an opportunity to contribute to a culture of inclusion and professional development.

Benefits

Comprehensive benefits package

Professional development opportunities

Culture of inclusion

Qualifications

• Bachelor's Degree in a relevant field is required.
• Certification in Insurance or Risk Management is preferred.
• Practical experience in insurance or related risk environment is essential.

Responsibilities

• Support the CRO in maintaining an effective risk management framework.
• Collaborate with internal stakeholders to enhance the effectiveness of controls.
• Play an active role in strengthening the risk culture.

Skills

Risk modelling/understanding of risk modelling

Analytical Skills

Problem Solving

Communication Skills

Business Acumen

Insurance industry knowledge

Drive for results

Ability to understand criticality and priorities

Education

Bachelor's Degree in Finance/Economics/Risk Management/Actuarial/Business

Certification in Insurance/Risk Management/Financial management

Job description

#LI- AIG

Risk Manager

At AIG we are reimagining the way we help customers to manage risk. Join us as a Risk Manager to play your part in that transformation. Its an opportunity to grow your skills and experience as a valued member of the team.

How you will create an impact

• Support the CRO in maintaining an effective risk management framework to identify assess manage monitor and report all material risks that AIG entities in GCC NA are exposed to.
• Ensure alignment of risk management framework with regulatory requirements applicable to the AIG entities in the GCC NA cluster and support with regulatory risk reporting including ORSA.
• Play an active role in strengthening the risk culture to underpin the effectiveness of the overall risk management framework.
• Perform annual updates to the Risk Appetite Statement Risk Management Strategy and Risk Register
• Support the local risk management governance structure and facilitate the quarterly Risk and Capital Committee meetings
• Collaborate with internal stakeholders to assess and enhance the effectiveness of internal controls and governance structures.

• Utilize risk analysis tools and models to evaluate the potential impact of various risk scenarios.
• Support in the execution of Risk and Control Self-Assessment (RCSA) deep dives and other assessment as per the annual work plan.

What youll need to succeed

Qualifications & Education:

• Bachelors Degree in Finance/ Economics/ Risk Management/ Actuarial/ Business or a related discipline
• Certification in Insurance/ Risk Management/ Financial management preferred

Experience:

• Practical experience in insurance or insurance related risk environment with exposure to risk management and internal controls

Training:

• Experience in risk management in an insurance company.

Knowledge:

• Knowledge of risk management practices and applicable regulatory requirements in the UAE.

Communication and Working Relationships

Internal

Senior Management: Support management in meeting their responsibilities in respect to management of the risk profile of the business.

EMEA ERM Team: Work closely with EMEA ERM team and risk specialists on deliverables and cross border initiatives.

External

Regulators Rating Agencies Reinsurers: Provide assurance on the adequacy of the risk management control environment (financial and operational risk); support Regulatory developments around risk management and solvency.

Key Competencies

• Dealing with ambiguity
• Drive for results
• Ability to understand criticality and priorities
• Business Acumen
• Problem Solving
• Communication Skills
• Analytical Skills
• Strategic orientation
• Insurance industry knowledge
• Strong understanding of insurance financial reporting and capital management
• Investment and Insurance risk understanding
• Risk modelling/understanding of risk modelling

Ready to take your career to the next level We would love to hear from you.

At AIG we value in-person collaboration as a vital part of our culture which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive connected environment for our team and clients alike.

Enjoy benefits that take care of what matters

At AIG our people are our greatest asset. We know how important it is to protect and invest in whats most important to you. That is why we created our Total Rewards Program a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health wellbeing and financial securityas well as your professional developmentto bring peace of mind to you and your family.

Reimagining insurance to make a bigger difference to the world

American International Group Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the worlds most far-reaching property casualty networks. It is an exciting time to join us across our operations we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG you can go further to support individuals businesses and communities helping them to manage risk respond to times of uncertainty and discover new potential. We invest in our largest asset our people through continuous learning and development in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of inclusion

Were committed to creating a culture that truly respects and celebrates each others talents backgrounds cultures opinions and goals. We foster a culture of inclusion and belonging through learning cultural awareness activities and Employee Resource Groups (ERGs). With global chapters ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIGs greatest assets and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

AIG provides equal opportunity to all qualified individuals regardless of race color religion age gender gender expression national origin veteran status disability or any other legally protected categories.

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation please send an email to .

Functional Area:

RK - RiskAIG MEA Limited

Required Experience:

Manager