Campus Pride Jobs

Job Purpose

The job holder will be responsible to develop, implement and monitor the enterprise risk management (ERM) framework and risk management program (risk management strategies, procedures, and guidelines) to mitigate or control the risk and risk exposure in core and support functions within Company to meet the strategic objectives of organization. Ensuring compliance with applicable statutes and standards and relevant framework(s) and mandates issued by Dubai Holding from time to time. The job holder shall also participate and deliver tasks related to business governance and transactional compliance as and when required.

Key Accountabilities:

• Develop, implement, and maintain ERM strategic framework for DHRE with necessary risk factors including establishing required procedures, plans, and guidelines, aligning with the organization's risk and legal requirements.

• Co-ordinate the deployment of Business Continuity Management (BCM) program within the Company through structures risk identification and business impact assessments.

• Establish risk appetite and tolerance statement and ensure alignment with DH limits and values from time to time, to ensure strategic decision-making aligns with risk tolerance.

• Analyze and interpret risk-related data and other relevant information to measure and monitor key risks.

• Identify the risks involved using various qualitative and quantitative processes, tools, procedures, and reporting templates, enabling proactive risk mitigation and informed decision-making.

• Conduct risk analysis using various sources of business information including but not limited to the Executive Management Committee; the Audit and Risk Committee findings; internal/external audit reports; or shareholders – to help develop and implement proactive risk management strategies to ensure a thorough and accurate assessment of potential risks impacting the Company.

• Monitor and report the risks involved in projects and business decisions, to enable informed decision-making and proactive risk mitigation.

• Assist management in identifying and documenting risk mitigation plans in alignment with the company’s strategic objectives and operational projects/processes, minimizing potential negative impacts.

• Conduct reviews to test mitigation plans and strategies (effectiveness) in close coordination with the Risk owners and assessing/validating the risk profile to take decisions on the risk appetite/tolerance levels.

• Maintain and validate company- wide risk registers covering all core and support functions on Group portal /IT systems.

• Identify and analyze emerging industry trends, both positive and negative, including opportunities to enhance the company’s “early warning systems” e.g., political, social, economic, and technical related in order to anticipate future risks and opportunities related to political, social, economic, and technological factors.

• Manage risk reporting; work directly with contributors to collect, synthesize, and validate details and develop management summaries.

• Support communication and training of business functions (risk champions etc.) on risk management terminologies and processes for effective risk management by providing training and communication on relevant terminology and processes.

• Present periodical reports to Leadership/Management team to effectively execute their role within ERM processes in a manner which enhances the company’s overall risk culture and risk management capabilities.

• Secure and maintain risk management system certification for DHRE in accordance with international standards.

• Facilitate implementation for BCM framework in line with plans, programs and framework developed by DH, aligning with DH-developed plans, programs, and overall framework structure.

• Ensure ERM Risk Registers effectively feed into the BCM program including setting up and implementation of related crisis and recovery plans.

• Ensure periodic testing/exercising of Business Continuity Recovery plans, Crisis & Communication Management Plans and driving improvement.

• Review compliance of business transactions as per the Governance and Compliance framework/procedures, as and when required.

Qualifications, Experiences, Skills:

• Bachelor’s degree in engineering/ accounting/ finance/ or equivalent; Master’s degree preferred

• Professional Training or Certification in disciplines such as Enterprise Risk Management, Finance, and/or Business Administration etc.

• Knowledge and exposure to the Business Continuity Program is preferable.

Understanding of regulatory and business governance environment

Job Specific Skills:

• Implementation of ERM in DHRE in line with Dubai Holding mandate and international standards.

• Strategies, procedures, plans, and guidelines related to risk management including review of business policies and procedures from a risk evaluation perspective.

• Risk registers are in place (on IT Portal) for all core and support functions and validated from time to time.

• Risk Mitigation plans and testing their effectiveness.

• Periodic reports related to Risk Management are processed and submitted on time to stakeholders.

• Reduction in Audit logs and implementation status of audit logs related to ERM/BCM

• Certification of DHRE ERM system.

• Up to date BCM strategies and plans in coordination with the responsible department e.g., HSE.

Review business transactions in line with Governance and