Risk Specialist

Job description / Role

Job Summary

The Risk Specialist is responsible for identifying, analyzing, and mitigating risks that could impact the organization's operations, reputation, financial performance, and compliance. This role involves conducting risk assessments, developing risk mitigation strategies, and ensuring the organization adheres to industry standards, regulations, and best practices.

Key Responsibilities

1. Risk Identification and Assessment
   - Identify potential risks across various business units, including operational, financial, regulatory, and reputational risks.
   - Conduct detailed risk assessments, including qualitative and quantitative analysis.
   - Maintain a risk register to document identified risks and track their mitigation progress.
2. Risk Mitigation and Control
   - Develop and implement risk management strategies and controls to minimize exposure.
   - Monitor the effectiveness of existing controls and recommend improvements.
   - Collaborate with teams to design and implement policies and procedures to mitigate risks.
3. Regulatory and Compliance Oversight
   - Ensure compliance with industry regulations, standards, and internal policies.
   - Stay updated on changes in laws and regulations that may affect the organization's risk profile.
   - Support internal and external audits by providing necessary documentation and insights.
4. Reporting and Communication
   - Prepare detailed reports on the organization's risk landscape, mitigation strategies, and compliance status.
   - Present risk findings and recommendations to management and stakeholders.
   - Act as a liaison between the risk management team and other departments to ensure effective communication.
5. Risk Awareness and Training
   - Conduct training sessions and workshops to educate employees about risk awareness and compliance requirements.
   - Promote a culture of risk management and proactive problem-solving across the organization.
6. Incident Management
   - Assist in the investigation of risk incidents and recommend corrective actions.
   - Develop and update the organization's incident response plan.
7. Data Analysis and Tools
   - Use risk management software and tools to track, analyze, and report risks.
   - Evaluate data trends to predict potential future risks and develop proactive strategies.

Required Qualifications

Education and Experience

• Bachelor's degree in Risk Management, Finance, Business Administration, or a related field.
• 3+ years of experience in risk management, compliance, or a related role.

Certifications (Preferred)

• Certified Risk Manager (CRM)
• Certified Risk Management Professional (CRMP)
• Financial Risk Manager (FRM)
• Project Management Professional (PMP)

Skills and Competencies

• Strong understanding of risk management principles and frameworks (e.g., ISO 31000, COSO ERM).
• Analytical and critical thinking skills to identify and evaluate complex risks.
• Proficiency in risk management tools, data analysis, and reporting software.
• Knowledge of regulatory requirements and compliance standards.
• Excellent communication and presentation skills for conveying risk findings.
• Strong problem-solving skills and attention to detail.

Key Competencies

• Ability to work independently and collaboratively with cross-functional teams.
• Strong organizational and multitasking abilities to manage multiple projects.
• Proactive approach to identifying risks and implementing preventive measures.

About the Company

Staff Connect is the rapidly developing best IT outsourcing company in UAE. We offer to our respective clients the best possible service like sourcing services for permanent, temporary, and agreement-based recruitment. Since commencing conductions, the entities have seen fast development achieved solely through firm business rapports and deliver reliable and meaningful services to our clients.