Head of Risk

The Head of Risk will lead the development, implementation, and management of a comprehensive risk management framework across the Ghobash Group, encompassing our financial investments, real estate portfolio, and operating companies. This pivotal role involves identifying, assessing, and mitigating risks that could impact the Group's operational, financial, strategic, and reputational objectives. The incumbent will work closely with senior management and other key stakeholders to ensure that risk management practices are deeply embedded in the Group's culture and decision-making processes. This position requires a strategic thinker with a robust understanding of risk management principles, capable of navigating the unique challenges of a diverse portfolio.

Key Responsibilities

• Develop and implement a comprehensive risk management framework that aligns with the Group's strategic goals and objectives.
• Establish risk management policies, procedures, and guidelines across all business units.
• Ensure that the risk management framework is continuously updated and improved based on the latest industry standards and regulatory requirements.
• Identify and evaluate potential risks across the Group's operations, including financial, operational, strategic, regulatory, and reputational risks.
• Conduct regular risk assessments and scenario analysis to quantify the potential impact of identified risks.
• Develop and maintain a risk register and ensure that all significant risks are documented and regularly reviewed.

Risk Mitigation and Control

• Develop and implement risk mitigation strategies and action plans to manage identified risks.
• Monitor the effectiveness of risk controls and ensure that they are properly implemented and maintained.
• Provide guidance and support to business units in developing and implementing risk management controls.

Reporting and Communication

• Prepare regular risk management reports for the Board of Directors, executive management, and other key stakeholders.
• Communicate risk management policies, procedures, and initiatives to employees at all levels of the organization.
• Ensure that the Group's risk management practices are transparent and well-communicated internally and externally.

Compliance and Regulatory Requirements

• Ensure compliance with relevant regulatory requirements and industry standards related to risk management.
• Liaise with regulatory bodies and external auditors on matters related to risk management and compliance.
• Stay updated on regulatory changes and industry trends that may impact the Group's risk profile.

Risk Culture and Awareness

• Promote a strong risk-aware culture within the organization.
• Conduct risk management training and awareness programs for employees.
• Encourage proactive risk management and accountability at all levels of the organization.

Crisis Management and Business Continuity

• Develop and implement crisis management and business continuity plans.
• Lead the response to significant risk events and ensure that appropriate actions are taken to mitigate the impact.
• Coordinate with relevant stakeholders to ensure effective crisis management and recovery.

Desired Candidate Profile

Education:

• Master's degree or relevant professional certification (e.g., CRM, FRM, PRM) is highly desirable.
• Minimum Bachelor's degree in Risk Management, Finance, Business Administration, or a related field, complemented by professional certification.

Experience:

• A minimum of 10 years of experience in risk management, with at least 5 years in a senior leadership role.
• Proven track record of operational management, strategic planning, and project management.
• Understanding of the unique risk landscapes, regulatory environments, and market dynamics in these sectors.
• Experience in a family conglomerate or diversified business environment is a plus.
• Experience in industries relevant to Ghobash Group's portfolio, such as technology, healthcare, industrial, and financial services.
• Proven track record in leading and managing change initiatives, particularly those related to risk management frameworks and practices.