Risk Manager I – Dubai (Insurance)

Al-Futtaim; Dubai; On-site; AED 279,000 - 424,000; Full time

Job summary

Orient Insurance PJSC is seeking a Risk Manager to support the CRO in maintaining an independent enterprise risk management function. You will identify, assess, monitor and report material risks, promoting a sound risk culture and protecting policyholders and solvency.

The role requires in-depth knowledge of UAE insurance regulation and ORSA, with responsibilities spanning stress testing, regulatory submissions, and cross-functional coordination with Compliance, Actuarial and Internal Audit.

Qualifications

• Bachelor’s degree in risk management, actuarial science, finance, accounting, insurance or a related field; postgraduate or professional qualification preferred.
• Typically 3–5 years of relevant experience, including at least 3 years in insurance.
• Strong knowledge of UAE insurance regulation, ERM, ORSA, solvency and capital, stress testing, underwriting, reserving, reinsurance, investments and operational resilience.
• Board-level reporting and regulatory engagement experience; strong judgement, analytical ability and communication skills.
• Fluent business English; Arabic is an advantage.

Responsibilities

• Maintain the enterprise risk management framework, policies, risk taxonomy, risk register and committee governance.
• Support setting risk appetite, limits and key risk indicators; monitor exposures and report breaches.
• Provide independent challenge on strategy, business plans, products, pricing, underwriting, claims, reserving, reinsurance, investments, outsourcing, technology and major projects.
• Assess all material risks including insurance, credit, market, liquidity, operational, conduct, regulatory, cyber, model, climate, concentration and emerging risks.
• Coordinate ORSA linking risk profile, strategy, business plan, capital, solvency and risk appetite.
• Conduct stress, scenario and reverse-stress testing; report vulnerabilities and monitor management actions.
• Provide timely reports on risk profile, appetite utilisation, ORSA, stress tests, material events, breaches and remediation.
• Maintain records of risk events, losses, near misses and control failures; oversee root-cause analysis and action closure.
• Support accurate regulatory submissions and supervisory reviews.
• Monitor regulatory developments and translate them into policies, controls and implementation actions.
• Review control effectiveness and ensure risk acceptance is properly authorised and documented.
• Coordinate with Compliance, Actuarial and Internal Audit while preserving each function’s independence.
• Maintain complete and auditable risk records, models, assumptions and decisions.

Skills

ERM knowledge

Regulatory reporting

Risk assessment

Stakeholder communication

Regulatory engagement

Education

Bachelor’s degree in risk management/related field

Job description

Orient Insurance PJSC is seeking a Risk Manager to support the CRO in maintaining an independent enterprise risk management function. You will identify, assess, monitor and report material risks, promoting a sound risk culture and protecting policyholders and solvency.

The role requires in-depth knowledge of UAE insurance regulation and ORSA, with responsibilities spanning stress testing, regulatory submissions, and cross-functional coordination with Compliance, Actuarial and Internal Audit.