Risk Manager

Shory is the soft revolution in the Insurtech market. Welcome to a new age where insurance actually empowers its customers. We use technology to serve our customers and create ease of mind and trustworthiness around insurance needs. With Shory, a new time has begun.

About the Role & Opportunity

We are looking for a Risk Manager to join our UAE team who will be responsible for overseeing the company’s risk management activities and ensuring effective mitigation strategies for operational, financial, and business-related risks. Identifying, evaluating, and managing risk will be vital in safeguarding the company’s interests and supporting our clients in achieving sustainable growth. This role involves collaborating with cross-functional teams, assessing emerging risks, and advising on risk management policies and procedures in line with industry regulations and best practices.

• Handling the Risk Management function
• Adhere to risk management standards and complies with regulatory requirements.
• Sign off the Guidelines with the appropriate departments.
• Revise the risk policies and guidelines on yearly basis
• Ensure proper Risk Management reporting.
• Prepare presentation to be quarterly reported to Board Risk Committee
• Prepare presentation/ reporting to be reported to the supervisory authority
• Completing the risk management framework and ensuring proper implementation within the departments covering the strategic
• Risk, oversight, conduct of business, regulatory and AML with all underlying sub-categories as outlined in the Company's Risk Management Policy.
• Taking the lead (supported by other team members) in the monitoring of the product approval framework
• Taking the lead to all company's answers/ reporting to the regulator's demands or expectations of any kind as well as preparing Solvency, Liquidity & Investment monitoring
• Preparing, analyzing & enhancing the Technical Monitoring for all Line of business
• Coordinate in between first, second and third line of defense
• Provide consultancy services, if it is required by any department regarding company policy and procedures, suspicious cases, high risk area and other top risk assessments

About the Skills, Education & Experience Required

To be considered for this role you will need to have at least 5 to 8 years of experience as Risk Manager, preferably with blue chip companies in following industries: insurance, banking, management, or technical consulting.

• Bachelor's Degree in Business, Finance, Economics, or related field.
• Master’s Degree (optional) in Risk Management, Business Administration, Finance, or a related field.
• Strong understanding of risk management frameworks, methodologies, and tools.
• Expertise in identifying, assessing, and mitigating financial, operational, and market risks.
• Proficiency in insurance products, underwriting processes, and claims management.
• Solid knowledge of UAE and international insurance regulations and compliance standards.
• Exceptional analytical and problem-solving skills with the ability to make informed decisions under pressure.
• Strong communication skills with the ability to present complex information to non-experts and senior executives.

If you have the relevant experience and are interested in being part of our team, please take the time to apply for this position.