Job Description

Job Title:

Risk Analyst

Location:

Shiekh Zayed Road, Dubai, United Arab Emirates.

Reports to:

Head of Credit

About the Company:

Our client is an Islamic finance company based in UAE

Job Summary:

The Risk Analyst will support risk management by identifying and assessing regulatory, financial, operational, and Shariah-compliance risks. Key responsibilities include portfolio analysis, compliance with UAE Central Bank regulations, risk reporting, and monitoring key risk indicators. Candidates should have a Bachelor's degree in Finance, 2-3 years of relevant experience (preferably in Islamic finance), and strong technical skills in Excel and risk analysis tools. Effective communication, attention to detail, and teamwork are essential for success in this role.

The ideal candidate will have 2-3 years of relevant experience , preferably within a similar industry Islamic finance company within the UAE.

Key Responsibilities:

Assist in identifying and evaluating credit, market, liquidity, and operational risks. Analyzed portfolios and conduct risk analytics while ensuring compliance with IFRS 9. Proficiency in database management and analysis. 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, provision calculations, whilst providing insight and analytical commentary on model movements with risk model development. 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. Prepare portfolio assessment of business risks & economic factors.

Qualifications & Skills:

Education: 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). Technical Skills: Knowledge of Islamic finance principles, Risk management framework, UAE banking regulations and Basel guidelines. Proficiency in Excel, risk analysis tools, and financial modeling. - (Advanced Excel skills is a must). 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 Soft Skills: 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.
Job Type: Permanent

Pay: AED12,000.00 - AED15,000.00 per month

Experience:

risk analyst: 1 year (Required) IFRS 9 provisions, and provision calculations: 1 year (Required) UAE Central Bank regulations and Islamic finance principles: 1 year (Required) * monitoring key risk indicators: 2 years (Required)