Business Risk Manager JOB DESCRIPTION GUIDE

Business Risk Manager Salary Guide

Looking to hire top talent or advance your career? Our expertly researched salary guide for 2024 provides valuable insights into Banking & Finance positions!

Business Risk Manager Top Duties and Qualifications

Many top business and finance companies would like a strategic thinker to join their team as a business risk manager. The job’s core is an understanding of identifying and mitigating risks to operations, finances, or reputation. 
 
This role demands expertise in risk management principles, regulatory knowledge, and the capability to devise and execute strategies to mitigate risks across financial, operational, market, credit, and regulatory domains.

Desired Profile For A Business Risk Manager

Roles and Duties

If you intend to seek a career as a Business Risk Manager, the following are the general obligations and duties you can expect from the top business and finance companies:
  • Identify and assess risks.
  • Design a risk management plan.
  • Record and monitor risk exposure.
  • Consult customers or other relevant people to minimize risks.
  • Draw business continuity plans and crisis management plans.
  • Follow relevant statutes.
  • Perform review and audit.
  • Guide and train on risk management.

Qualifications And Certifications

To excel as a Business Risk Manager in top UAE Banking and Finance firms, acquire the following essential occupational qualifications and top certifications:
  • Required Bachelor’s or Master’s degree in:
    • Accounting
    • Finance
    • Economics
    • Business Administration
    • Risk Management
  • Most in-demand certifications include:
    • Certified Risk Management Professional (CRMP)
    • Certified Risk and Compliance Management Associate (CRMA)
    • Financial Risk Manager (FRM)
    • Professional Risk Manager (PRM)
    • Certified Financial Risk Manager (CFRM)
    • Certified Market Risk Professional (CMRP)

Skills And Expertise

To achieve career success as a Business Risk Manager, individuals must possess the following essential skills and experience:

  • 5-7 years of experience in risk management, regulatory affairs or related fields.
  • Experience with hedging, derivatives and risk modelling.
  • Expertise in crisis management and management control.
  • Strong command of MS Office programs.
  • Knowledge of law, rules, legality of codes, law procedure and other regulatory processes.
  • Strong command of risk management software and tools (Python, R, SAS, Calypso, Murex, etc.).
  • Financial acumen.
  • Analytic reasoning and strategic thinking.
  • Leadership and communication skills.

RFS HR Consultancy, a Premier Talent Management Consultancy for Business and Finance companies in UAE, specializes in connecting top businesses with talented professionals. 

Explore our platform for the latest Banking and finance positions at top Business and finance firms.

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