Risk and Compliance Manager JOB DESCRIPTION GUIDE
Risk and Compliance Manager Salary Guide
Looking to hire top talent or advance your career? Our expertly researched salary guide for 2024 provides valuable insights into Legal and Compliance positions!
Risk and Compliance Manager Core Duties and Qualifications
The Risk and Compliance Manager is an experienced risk management specialist who has primary duties of making sure that an organization complies with set laws and eliminating avoidable risks. This strategic leadership position is responsible for creating, establishing, and managing organizational risk management and compliance programs, protecting the assets, image, and those involved in the organization.
Ideally the candidate has extensive respect, assessment, and management experience while conforming to legal guidelines and policies as well as industrial norms.
Desired Profile For A Risk and Compliance Manager
Roles and Duties
Its primary function is to analyse threats that exist within the environment and can impact the company in terms of business opportunities and economic performance, compliance to the laws as well as company polices. A manager needs to perform the following duties in order to fulfil the above mentioned functions:
- Find and utilize approaches to monitor and avoid exposure to legal and operational risks.
- Obey the various laws, rules, and standards of the industry.
- Prepare a checklist of risks that may arise and develop a strategy to minimize them.
- Explain and teach employees on how to avoid risks and act on compliance.
- Track regulatory shifts and modify rules to remain in complete conformity constantly.
- Work together with different departments to align risk and compliance efforts with business goals.
- Identify and report risk and compliance problems to the management and recommend courses of action.
Qualifications And Certifications
For one to qualify as a risk and compliance manager he or she must meet the following educational requirements and other certifications.
- Required bachelor’s degree or equivalent in:
- Law
- Finance
- Business administration
- Advanced law degree (LLM or MBA) are preferable.
- Professional certifications of Certified Regulatory Compliance Manager (CRCM), Certified Risk Manager (CRM), Certified Compliance & Ethics Professional (CCEP) and others are suggested.
Skills And Expertise
Below outlined skills and experience are required for this position:
- 5-8 years of professional experience in risk management, compliance, auditing, or a related field.
- Strong knowledge of rules and standards of the industry.
- Good communication and leadership skills.
- Strong analytical thinking to interpret data.
- Risk assessment and problem-solving skills.
- Attention to detail.
- Strong moral values and integrity.
RFS HR Consultancy, a Premier Legal and Compliance Recruitment Provider in the UAE, specializes in connecting top legal companies with talented legal and compliance professionals.
Explore our platform for the latest legal and compliance positions at top legal firms.
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Transform the workforce with expert talent across diverse industries
FMCG
FMCG encompasses companies that deal in products that have a high turnover rate, small priced products such as foods, beverages, and other daily use products. Job positions may include supply chain officer, marketing specialists, sales representative, product manager, etc.
Courier and Logistics
The courier and logistics industry entails the movement, storage and delivery of goods from one locality to another and a timely manner with the jobs posts like warehouse supervisors, logistics coordinators, operations manager, etc.
Legal and Compliance
The legal and compliance field help to check that the organizations follow the legal and regulatory requirements. Positions may include lawyer, legal advisor, chief compliance officer, general counsel, etc.
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