Risk Officer

AU Group Bahrain; Riffa2; On-site; BHD 12,000 - 24,000; Full time

Job summary

AU Group Bahrain is seeking a Risk Officer to develop and implement the enterprise risk management framework in Bahrain, ensuring alignment with Central Bank regulations and international best practices.

The role involves identifying, assessing and monitoring strategic, operational, financial and compliance risks across the organization, advising on mitigation, and coordinating risk reporting to governance bodies.

Qualifications

• ERM experience with implementing risk frameworks and policies.
• Knowledge of Regulatory Compliance requirements.
• Advanced analytical skills, data analysis and risk modeling.
• Solid understanding of finance and risk metrics.
• Bachelor's degree in finance, economics, accounting, or risk management; FRM/CFA/CRM advantageous.
• Experience in risk and audit roles within Trade Credit Insurance or related sectors.
• Strong communication, attention to detail, and on-site collaboration.
• High ethical standards and proactive risk management.

Responsibilities

• Develop and implement ERM framework in line with regulations.
• Identify, assess, monitor key business risks.
• Advise management on risk mitigation and business continuity.
• Prepare and update risk registers, RCMS and documents.
• Arrange quarterly Risk Committee meetings.
• Submit annual risk reports to Central Bank.
• Ensure compliance with Central Bank regulations for insurance broking.
• Conduct risk awareness training for staff.
• Handle regulatory audits tied to risk management.
• Any other risk management task mandated by Central Bank.

Skills

Enterprise Risk Management

Regulatory Compliance

Analytical Skills

Finance Knowledge

Communication Skills

Team Collaboration

Education

Bachelor's degree in finance or related field

FRM

CFA

CRM

Job description

Company Description

AU Group Bahrain is a growing organization focused on delivering high-quality financial and risk management solutions in the Gulf region. AU Group Bahrain values integrity, accountability, and professional excellence, and encourages collaboration across teams and locations. The organization is committed to developing talent and fostering a culture of continuous improvement and innovation.

Role Description

The Risk Officer is a full-time, on-site role based in Bahrain (CR-194161-1 Office 51 Building 43 Road 3901 Block 939 Riffa/Al Hajiyat).

Develop and implement the company's enterprise risk management (ERM) framework in line with Central Bank insurance regulations, internal governance frameworks and international best practices

• Identify, assess, and monitor key business risks, including strategic, operational, financial, regulatory / compliance, technology / cyber risks, etc.


• Advise management on risk mitigation strategies and support business continuity planning


• Prepare and regularly update detailed risk register, RCMs and other key documents


• Conduct periodic risk assessments and sample audits to ensure compliance with ERM framework


• Arrange quarterly Risk Committee meetings with updates, presentations, minutes and action plans


• Submit annual risk reports to Central Bank and respond to any required notifications / actions


• Ensure compliance with Central Bank regulations applicable for insurance broking, internal governance frameworks and international best practices relating to risk management function


• Satisfactorily handle regulatory audits, external or internal audits relating to risk management function


• Conduct risk awareness training for key staff and promote a culture of proactive risk management within the organization


• Any other risk management task or report mandated by Central Bank in future

Qualifications

• Proficiency in Enterprise Risk Management, with experience implementing risk frameworks and policies.


• Knowledge of Regulatory Compliance requirements and the ability to interpret and apply relevant regulations.


• Advanced Analytical Skills, including data analysis, risk modeling, and critical thinking.


• Solid understanding of Finance, financial instruments, and risk-related financial metrics.


• Bachelor's degree in finance, Economics, Accounting, Risk Management, or a related field; professional certifications (e.g., FRM, CFA, CRM) are an advantage.


• Experience in risk and audit roles within Trade Credit Insurance, or related sectors.


• Strong communication skills, attention to detail, and the ability to work collaboratively in an on-site team environment.


• High ethical standards, sound judgment, and a proactive approach to identifying and addressing risks.

Job Summary

The Risk Officer will be responsible for identifying, assessing, mitigating, monitoring and reporting various risks across the organization. Key business risks include strategic, operational, financial, regulatory / compliance, technology / cyber risks, etc. This role ensures compliance with Central Bank's regulations applicable for insurance broking, internal governance frameworks and international best practices relating to risk management function.