Chief Risk Officer JOB DESCRIPTION GUIDE

Chief Risk Officer 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!

Chief Risk Officer Top Duties and Qualifications

The Chief Risk Officer is a highly characteristic position that demands strategic thinking with an eye toward risk. As such, a Chief Risk Officer would embrace complexity as an opportunity to develop proactive solutions and change the course of action to ensure a better future.

Are you looking to head the finance teams of organizations in the United Arab Emirates as a Chief Risk Officer? Learn about the obligatory qualifications and responsibilities required by leading banking and financial companies:

Desired Profile For A Chief Risk Officer

Roles and Duties

Here’s the list of the general responsibilities of the Chief Risk Officer (CRO).

Universally-inclusive risk management strategies should be developed and implemented.
Enterprise-wide financial, operational, compliance, and strategic risks shall be identified, evaluated, and addressed.
Advise senior executive management on any risk issues.
Deliver a culture of awareness and compliance of risks.
Collaborate with other departments to adopt it in decision-making processes.
Pay heed to emerging trends, regulatory issues, and new and emerging risk areas.

Qualifications And Certifications

As a result, to be among the best Chief Risk Officers (CROs) in the UAE, some of the vital occupational qualifications and highly sought-after certifications by top companies in banking and finance are:

Required Bachelor’s degree (or equivalent) in:

Accounting
Business Accounting
Finance
Economics
Statistics

An MBA or master’s in a related field is also highly appreciated.
Certification of Certified Risk Manager (CRM), Certified Risk and Compliance Management Associate (CRMA), Financial Risk Manager (FRM), Professional Risk Manager (PRM), and Certified Enterprise Risk Manager (CERM).

Skills And Expertise

Expected experience and skills for the CRO role:

8-10 years of experience as an Auditor, Accountant, Risk Manager, or a related role.
Excellent MS Office skills for documentation.
Data analysis and regulatory compliance skills.
Knowledge of risk management software and frameworks.
Communication and stakeholder engagement.
Leadership and team management.
Analytical and problem-solving thinking.

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

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ADDITIONAL BANKING AND FINANCE JOBS

FUND ACCOUNTANT

MLR OFFICER

INTERNAL AUDITOR

CHIEF FINANCIAL OFFICER

HEAD OF CONSUMER BANKING

BUSINESS RISK MANAGER

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