DHAM_Risk, Insurance & BCM.Senior Executive - Risk, Insurance & BCM

Merex Investment Group

About the Job:

An opportunity has arisen for a Senior Executive Risk, Insurance & BCM to join Dubai Holding Asset Management. The main duties and responsibilities of this role:

• The role holder is responsible for supporting the head of Risk Management & BCM in the delivery and execution of the to ensure that the organization s insurance risk management policies and strategies are in alignment with the strategic goals of the organization and internal operational requirements.

• All three elements are critical and assist in providing assurance to DHAM that its investment mandates will be met and assets appropriately safeguarded.

Insurance

• Ensure appropriate insurance cover exists across DHAM by liaising with the designated broker to ensure, where relevant, policies are in place for all DHAM s activities and associated risks.

• Manage DHAM s annual insurance budgeting and insurance policy renewal process, including invoicing and premium payments. Act as the focal point for liaison with the insurance broker.

• Ensure that all DHAM requirements are addressed in a timely manner by the broker and that all broker and market requests are dealt with efficiently, including the annual insurance renewal process.

• Collaborate with DHAM relevant departments on insurance claims and needs for the company.

• Manage insurance claims to ensure they are tracked, communicated, and escalated, as needed.

• Ensure insurance needs, strategy and risk and loss control measures through insurance portfolio reviews, understanding of business operations and changes and periodic review of third-party contractual insurance.

Risk Management Framework

• Support in driving the design and development of a comprehensive risk management and business continuity strategy and framework that mitigates market, counter-party and operational risks across all functions.

• Together with the line manager, develop enterprise risk management policies, procedures, processes and templates for risk identification, assessment, and evaluation to ensure a standardized response to risk issues, which are in line with the documented risk appetite and tolerance statements.

• Ensure the risk framework aligns with DHAM and provide day-to-day coordination necessary to facilitate the risk identification, assessment, risk ownership, mitigation, and support in monitoring DHAM s enterprise risks which includes strategic, operational, financial and compliance risks.

• Prepare regular, formal, and ad-hoc reports on the risk program to provide timely and accurate information to senior management (which highlights significant risk and contributes to a risk-intelligent decision-making process.

• Conduct risk assessment workshops, in conjunction with Business Units and Corporate Departments in order to identify and mitigate risk. Support in integrating this process into local management operations.

• Provide risk-based training to management colleagues to ensure both its promotion and integration across the company and the creation of a risk-intelligent decision-making culture.

• Assist in achieving external certifications in both Enterprise Risk Management (ISO31000) and Business Continuity Management (ISO23001).

• Maintain and update Corporate and Business Unit risk registers to ensure risks are appropriately documented and mitigated. Work closely with senior management to ensure agreement and timely sign-off of mitigations.

• Develop and maintain core enterprise risk management tools and measurement methodologies for risk monitoring that align with best practices.

Business Continuity Management

• Maintain and update BCM Business Impact Analyses and the wider Business Continuity Management framework, including Threat Risk Assessments and Business Continuity Plans.

• Develop and implement a business continuity plan testing strategy. Manage the execution of the plan on an annual basis to ensure robust business response to BCM-events.

• Develop and implement BCM training plans across the business and develop and implement mitigation strategies where any risk areas are identified.

Continual Improvement

• Drive continuous improvement in the development of an organization-wide risk management culture through the creation of effective governance, communication, change management and controls development.

About you:

The ideal candidate for this position will have the following experience and qualifications:

• Bachelor s Degree in Finance/ Accounting, Risk Management, or related field preferred.

• MBA in Business Management preferred.

• Professional risk management qualification from recognized certification body preferred e.g., Institute of Risk Management (IRM).

• Minimum 3-4years professional risk management and insurance experience within a corporate environment

• Proven track record of development and implementation of corporate risk management frameworks.

• Expert level in assessment and mitigation of market, strategic, financial, operational and governance risk.

• The ideal candidate will possess excellent written and verbal communication and presentation skills, with strong facilitation and influencing capabilities.

• Must have exceptional interpersonal skills and the ability to identify and prioritize key issues while building consensus across stakeholders.

• Strong analytical and judgment abilities are essential, supported by expert knowledge of current risk management techniques, frameworks, and methodologies.

• A broad operational perspective and a proven ability to develop practical solutions to complex business risk issues are also required.