The Arab Monetary Fund (AMF) is a regional Arab organization based in Abu Dhabi, United Arab Emirates. Its main objective is laying monetary foundations of Arab economic integration and accelerating the process of economic development in all Arab Countries. AMF is seeking to recruit a “Risk Analyst”.
Job Purpose:
The position reports directly to the Chief, Risk Management Unit and collaborates with other organizational units as necessary to meet the requirements of the Risk Management Policy, and according to relevant policies and procedures the job responsibilities include:
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Assisting in the institutionalizing and integration of the risk management process within the organizational units and at the institutional level.
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Contributing to the review and periodic update of risk management framework (Risk Management Policy, Risk Appetite, and Procedures Manual).
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Following up on the updating of policy and procedure manuals and related risk registers with organizational units, ensuring the completeness and accuracy of data inputs in the relevant application used in AMF for risk management and strategic planning.
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Collaborating with organizational units to proactively address potential risk incidents and analysing potential financial and reputational impacts on the AMF.
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Supporting institutional efforts to develop mechanisms for internal communication and addressing challenges related to cybersecurity, electronic administration applications, and other systems and applications used for AMF activities.
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Participating in supporting Risk Offices in discharging their responsibilities and contributing to control activities, preparing required periodic reports, and participating in relevant risk management meetings.
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Contributing to the development of quantitative risk measurement methodologies for comparison with acceptable limits according to risk acceptance criteria.
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Conducting risk management workshops to promote risk management culture within the AMF.
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Performing other tasks related to risk management required to fullfill the mandate of the Risk Management Unit.
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Any other tasks assigned by the Chief, Risk Management Unit.
Experience and Skills:
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Minimum of 3 years of relevant experience in internal control systems, analysis, quantitative control, and risk assessment in or disciplined work environment characterized by high governance standards and internal controls.
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Knowledge of the Risk Management cycle, including institutional culture, and practices aligned with established strategies and performance in managing risks, creating, preserving, and achieving value.
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A modern perspective on the governance policy for risk management in terms of risk management functions, performance, and proactiveness approach in dealing with risks, achieving added value, and awareness of policies, procedures, and related risk registers with organizational units.
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Familiarity with the principles related to performing risk management functions, participating in the assessment of identified risks, and future exposure probabilities to take proactive measure to address the effects of those risks.
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Understanding the institutional maturity of risk management, strengthening its governance system, controls, and involvement in monitoring, and addressing risks in support of strengthening the risk management system and its effective, efficient, influential, and transparent implementation and achieving its strategic objectives.
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Identify potential risks of negative events and subsequent consequences subsequent consequences resulting from analysis of strength, weaknesses, opportunities, and threats (SWOT).
Qualifications:
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Master's degree from a reputable university in risk management or related disciplines [Business Administration, Public Finance, Quantitative Analysis, Econometrics, Statistics, Governance, and Business Planning].
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Preferably holdings professional qualification in risk management and or Business Continuity.
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Familiarity with (ISO) standards for risk management and principles issued by the Professional Organizations' Guiding Principles Committee, (COSO).
Character:
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Dynamic personality, flexible, positive, capable of interacting and positively communicating and coordinating within the institutional environment, in addition to the ability to achieve and be vigilant.
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Ambition and determination for self-learning, the desire and ability to enhance and enrich knowledge.
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Proficiency in both Arabic and English languages. knowledge of French is a plus.
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Responsiveness to work needs, commitment, accuracy, and ability to deliver quality work under pressures and meet expectations and deadline which may require working beyond business hours.
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High focus on risk monitoring, passion in risk assessment and evaluation, and understanding of the AMF governance principles and operating policies for various activities, including financial, investment, support services, and information technology.
The AMF offers competitive terms of service in accordance with the applicable employment policy, which includes tax free salary, housing allowance, furniture allowance, air ticket allowance, education allowance, and life and medical insurance.
Only short-listed candidates will be contacted.