Chief Risk Officer – Financial Services

About the role

The Chief Risk Officer will lead the independent risk management function for Al Futtaim Finance Company, a CBUAE‑regulated finance entity. Reporting as the second line of defence, the CRO provides enterprise‑wide oversight of credit, operational, technology, regulatory and strategic risks.

Key responsibilities

• Develop, maintain and review the enterprise risk framework, risk appetite, policies, KRIs, limits and escalation procedures.
• Deliver timely risk reporting and independent risk opinions to the Board, Board Risk Committee and senior management.
• Provide second‑line oversight of credit risk, including exposures, restructurings, write‑offs, concentration risk and provisioning indicators.
• Monitor portfolio quality, delinquency trends, early‑warning indicators and stress signals.
• Oversee operational, outsourcing, third‑party, technology, information security, cyber and business continuity risks.
• Review and challenge first‑line controls, escalating material weaknesses.
• Support CBUAE examinations, supervisory reviews, remediation plans and regulatory submissions.
• Contribute risk input to policy changes, new products, distribution channels and strategic initiatives.

Required profile

• Minimum 12 years of experience in risk management within financial services.
• Proven experience with credit risk oversight, portfolio monitoring and regulatory compliance, preferably in a CBUAE‑regulated environment.
• Strong analytical and communication skills to interact with senior executives and regulators.

Required skills

• Concentration risk
• Underwriting frameworks
• IFRS9 ECL
• Collections oversight
• Credit policy
• Portfolio monitoring
• Write‑offs
• Restructurings
• Risk Appetite