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Risk Management Specialist

2 months ago

Dubai, Dubai, United Arab Emirates Women First Jobs Full time

About the Role

The Risk Management Specialist will be responsible for identifying, evaluating, and mitigating risks to the organization's assets, earning capacity, or success. This role involves developing and implementing risk management strategies and ensuring compliance with relevant regulations and standards.

Key Responsibilities

  1. Risk Assessment and Management:
  • Identify, assess, and prioritize risks across various organizational functions, including financial, operational, and strategic risks.
  • Develop and implement risk management strategies and action plans to mitigate potential risks and ensure business continuity.
  • Conduct regular risk assessments and audits to identify potential areas of risk and provide recommendations for improvement.
Compliance and Regulatory Adherence:
  • Ensure compliance with relevant laws, regulations, and industry standards, including financial regulations and data protection laws.
  • Monitor changes in regulations and assess their impact on the organization, providing recommendations for updates to risk management policies and procedures.
  • Prepare and maintain documentation related to risk management policies and procedures, including risk assessments and audit reports.
Risk Reporting:
  • Prepare and present risk reports to senior management and stakeholders, providing clear and concise information on risk exposure and mitigation strategies.
  • Communicate risk management strategies and their effectiveness to relevant parties, including employees, management, and external stakeholders.
  • Provide recommendations for risk mitigation based on assessment findings and ensure that risk management strategies are aligned with business objectives.
Incident Management:
  • Manage and investigate risk incidents and breaches, including data breaches and financial irregularities.
  • Develop and implement response plans for mitigating the impact of risk incidents and ensure that incidents are properly documented and reported.
  • Collaborate with other departments to ensure that risk management strategies are integrated into business processes and that employees are aware of their roles and responsibilities in risk management.
Training and Awareness:
  • Conduct risk management training and awareness programs for employees, including training on risk assessment and mitigation strategies.
  • Promote a culture of risk awareness and proactive risk management throughout the organization, ensuring that employees understand their roles and responsibilities in risk management.
Collaboration and Consultation:
  • Collaborate with other departments to integrate risk management into business processes and ensure that risk management strategies are aligned with business objectives.
  • Provide expert advice and support on risk-related matters to various departments and management, including financial, operational, and strategic risks.
Continuous Improvement:
  • Monitor and review the effectiveness of risk management strategies and policies, providing recommendations for improvement and updates to risk management practices.
  • Identify opportunities for improvement and recommend enhancements to risk management practices, ensuring that risk management strategies are aligned with business objectives.

About Women First Jobs

Women First Jobs is a leading organization dedicated to empowering women in the workforce. We are committed to creating a safe and inclusive environment for women to thrive in their careers. As a Risk Management Specialist, you will play a critical role in ensuring the organization's assets, earning capacity, or success are protected from potential risks.