Chief Risk Officer | Al Futtaim Finance Company | Financial Services

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United A”rab Emirates.

Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands.

Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organisation to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.

By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.

The Chief Risk Officer leads AL Futtaim Finance Company independent Risk Management function as the second line of defense for a CBUAE-regulated finance company.

The CRO is responsible for enterprise-wide risk oversight across credit, portfolio, operational, outsourcing, technology, information security, resilience, model risk where applicable, emerging, strategic and regulatory risks.

The role owns the Enterprise Risk Management Framework, Risk Appetite Framework, risk policies, risk reporting, monitoring and escalation processes.

The CRO provides independent challenge, risk opinions and escalation to the Board, Board Risk Committee and senior management, while remaining independent from revenue-generating activities, first-line credit approvals, underwriting execution and operational decision-making.

The CRO also supports CBUAE readiness, regulatory reviews, remediation plans and acts as the primary risk representative with CBUAE on risk matters.

Responsibilities

• Enterprise Risk Governance, Framework and Risk Appetite
• Develop, maintain and review AFF’s enterprise risk framework, Risk Appetite Framework, risk policies, KRIs, limits, thresholds and escalation procedures.
• Board Risk Committee and Executive Risk Reporting
• Provide timely risk reporting, independent risk opinions and escalation of material risk matters to the Board, Board Risk Committee and senior management.
• Independent Credit Risk Oversight and Challenge
• Provide independent second-line oversight and challenge on credit risk, including exposures, deviations, restructurings, write-offs, concentration risk, provisioning indicators and portfolio deterioration.
• The CRO does not own first-line credit approvals or underwriting execution.
• Portfolio Monitoring, Risk Appetite, Stress Testing and Early Warning Oversight
• Monitor portfolio quality, concentration risk, delinquency trends, provisioning indicators, early warning indicators, risk appetite breaches and stress signals.
• Oversee stress testing and scenario analysis.
• Operational, Outsourcing, Technology and Resilience Risk Oversight
• Oversee operational risk, outsourcing and third-party risk, technology and information security risk, cyber risk, business continuity and resilience risk.
• Review and challenge first-line controls and escalate material weaknesses Regulatory Risk Management, CBUAE Readiness and Remediation Support
• Support CBUAE examinations, supervisory reviews, remediation plans, regulatory responses and risk-related submissions.
• Act as AFF’s primary risk representative with CBUAE on risk matters.
• Risk Input into Governance, Policy, New Products and Strategic Change
• Provide independent risk input on policies, DoA changes, outsourcing arrangements, new products, new services, distribution channels, strategic initiatives and major business changes.
• Risk Culture, Leadership and Governance Evidence
• Lead the Risk function and promote strong risk culture through governance forums, training, awareness and engagement.
• Ensure risk decisions, exceptions, escalations and committee submissions

Requirements

• Bachelor’s degree in Finance, Risk Management, Accounting, Economics, Business Administration, Mathematics or related field.
• Master’s degree and professional qualifications such as FRM, PRM, CFA, CA, CPA or ACCA preferred.
• Minimum 12–15 years in risk management within financial services, with senior experience in a regulated lending, finance or banking environment.
• Enterprise risk management, Risk Appetite Framework, credit risk oversight, portfolio monitoring, stress testing, operational and outsourcing risk, technology and information security risk, regulatory engagement, Board reporting, policy review, risk data governance, leadership and stakeholder management.
• We’re here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.
• Before you click “apply”: Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility.
• Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities.
• We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.
• As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process.
• We make every effort to review and respond to every application.
• For further information, and to apply, please visit our website via the “Apply” button below.