Job title: Risk Analyst
Company: Innovations Group
Job description: ResponsibilitiesAssist in identifying and evaluating credit, market, liquidity, and operational risks. Assist in ensuring Risk owners are aware and adhere to CBUAE regulations & standards related to their functional areas. Identify operational risks in product, process and procedures Assist in reviewing products, processes and transactions for compliance with Shariah, regulatory and internal policies and procedures. Support risk control self-assessments (RCSA) and development of department risk registers. Monitor and track key risk indicators (KRIs) and prepare regular risk reports. Support stress testing and scenario analysis to assess potential financial risks. Prepare risk reports, presentations, and dashboards for senior management, providing analysis of key risk and control metrics and provide insight on key trends.Ensuring reporting and data has the appropriate controls and governance in place Maintain risk databases and ensure accurate documentation of risk incidents. Developing new and optimizing existing Risk Reporting, utilizing new tools and data sources as required. Support the ongoing monthly IFRS 9 expected credit losses calculations, whilst providing insight and analytical commentary on model movements. Assist in the development, implementation and maintenance of new models and/or PD/LGD/EAD/stress analysis and modelling as required. Gain insight into wider team initiatives including the assessment, quantification, and monitoring of risks across all product areas, including through portfolio analysis and stress testing methodologies. Work collaboratively with other Risk & Compliance team members to provide data, insight and analytical expertise on risk and control across the organization and on any adhoc projects as required. Required SkillsEducation: Bachelor’s degree in finance or a related field. Experience: 0-3 years of experience in Risk Mgmt., Banking (Islamic finance experience is a plus). Knowledge of Islamic finance principles, Risk management framework, UAE banking regulations and Basel guidelines. Proficiency in Excel, risk analysis tools, and financial modeling. Proficiency in database management / SAS / RiskWatch or similar risk reporting tools. Strong analytical skills, with the ability to assess complex risk scenarios and identify mitigation strategies. Excellent communication skills, both written and verbal, with the ability to present complex risk information to senior mgmt. Strong analytical skills and expertise in assessing complex risk scenarios Good communication and report-writing abilities. Attention to detail and problem-solving capabilities Ability to work in a team environment. Capable of demonstrating judgment and decision making.
Expected salary: 7000 – 10000 per month
Location: Dubai
Job date: Fri, 28 Mar 2025 00:40:01 GMT
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Risk Analyst
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