Chief Risk Officer | Financial Services | Al Futtaim Finance Company

About Al-FuttaimEstablished in the 1930s, Al-Futtaim Group is one of the region's most diversified privately held businesses — more than 35,000 people, operations in over 20 countries across the Middle East, Asia and Africa, and partnerships with over 200 of the world's most admired brands spanning automotive, financial services, real estate, retail and healthcare. Guided by our values of respect, excellence, collaboration and integrity, we continue to enrich the lives and aspirations of our customers every day.Role PurposeThe Chief Risk Officer leads AL Futtaim Finance Company independent Risk Management function as the second line of defense for a CBUAE-regulated finance company.The CRO is responsible for enterprise-wide risk oversight across credit, portfolio, operational, outsourcing, technology, information security, resilience, model risk where applicable, emerging, strategic and regulatory risks. The role also supports CBUAE readiness, regulatory reviews, remediation plans and acts as the primary risk representative with CBUAE on risk matters.Key ResponsibilitiesDevelop, maintain and review AFF’s enterprise risk framework, Risk Appetite Framework, risk policies, KRIs, limits, thresholds and escalation procedures.Provide timely risk reporting, independent risk opinions and escalation of material risk matters to the Board, Board Risk Committee and senior management.Provide independent second-line oversight and challenge on credit risk, including exposures, deviations, restructurings, write-offs, concentration risk, provisioning indicators and portfolio deterioration.Monitor portfolio quality, concentration risk, delinquency trends, provisioning indicators, early warning indicators, risk appetite breaches and stress signals.Oversee operational risk, outsourcing and third-party risk, technology and information security risk, cyber risk, business continuity and resilience risk.Review and challenge first-line controls and escalate material weaknessesSupport CBUAE examinations, supervisory reviews, remediation plans, regulatory responses and risk-related submissions.Provide independent risk input on policies, DoA changes, outsourcing arrangements, new products, new services, distribution channels, strategic initiatives and major business changes.Lead the Risk function and promote strong risk culture through governance forums, training, awareness and engagement.Required Skills & QualificationsBachelor’s degree in Finance, Risk Management, Accounting, Economics, Business Administration, Mathematics or related field. Master’s degree and professional qualifications such as FRM, PRM, CFA, CA, CPA or ACCA preferred.Minimum 12–15 years in risk management within financial services, with senior experience in a regulated lending, finance or banking environment.Hands-on experience managing Credit policy, Risk appetite, Underwriting frameworks, Portfolio monitoring, Collections oversight, IFRS9/ECL, Concentration risk & Write-offs and restructurings.