About the job
SummaryBy Outscal
Senior Risk Analyst needed for LikeCard in Dubai. Must have strong analytical and decision-making skills, excellent communication, and knowledge of UAE regulations. Experience in risk assessment, data analysis, and risk mitigation is essential.
Risk Assessment:
- Identify, evaluate, and prioritize potential risks specific to
digital product offerings and digital infrastructure, including cyber
threats, data privacy concerns, and intellectual property risks.
- Conduct thorough risk assessments focusing on vulnerabilities
in the digital ecosystem, product lifecycle, and customer interactions to
understand and mitigate exposure.
- Use digital risk frameworks and tools to model risk scenarios
that impact digital product stability, user trust, and regulatory
compliance.
Data Analysis:
- Analyze quantitative and qualitative data related to risks in
digital product operations, including customer usage patterns, system
vulnerabilities, and transactional anomalies.
- Utilize advanced statistical methods, machine learning
algorithms, and big data analysis to interpret complex datasets and
identify emerging digital risks.
- Collaborate with data science teams to leverage AI-driven
insights into risk prediction and prevention.
Reporting:
- Prepare detailed reports and presentations on risk findings,
trends, and recommendations, tailored for senior management and technical
teams.
- Develop dashboards and KPIs to track and visualize risk data
for real-time decision-making, enabling proactive responses to digital
risks.
- Communicate risk assessment results to stakeholders clearly
and effectively, ensuring that non-technical teams understand the
implications on product development and customer engagement.
Regulatory Compliance:
- Stay updated on changes in digital legislation and compliance
requirements impacting data handling, cybersecurity, and customer
privacy.
- Collaborate with legal and compliance teams to assess and
document the impact of evolving regulations on digital risk management
practices.
Risk Mitigation Strategies:
- Develop and implement digital risk management strategies to
minimize potential financial, operational, and reputational losses.
- Collaborate with cross-functional teams, including
engineering, product, and marketing, to promote a risk-aware culture and
embed risk considerations into product design.
- Establish incident response plans tailored to digital product
environments and lead periodic simulations to test the resilience of
digital infrastructure against cyber incidents.
Monitoring:
- Continuously monitor and review risk exposure across digital
channels and assess the effectiveness of mitigation measures.
- Implement real-time monitoring systems for detecting potential
risk indicators, such as abnormal user behavior, data breaches, and
system down times.
- Update risk management practices based on emerging trends in
digital risk, customer behavior, and industry advancements.
Collaboration:
- Work closely with underwriting, claims, and actuarial teams to
assess risks and build risk models specific to digital products.
- Engage with engineering, product development, and
cybersecurity teams to align on security controls, vulnerability
management, and risk mitigation strategies.
- Foster relationships with external stakeholders, including
regulators, tech partners, and cybersecurity firms, to maintain
compliance and enhance the organization’s risk posture.
Project Leadership:
- Lead and participate in risk management projects and
initiatives, with a focus on digital transformation, cybersecurity, and
product security enhancements.
- Mentor junior analysts, sharing knowledge on emerging digital
risks, industry best practices, and analytical techniques relevant to the
digital space.
- Contribute to the professional development of team members by
encouraging continuous learning in risk management for digital products,
AI, and cybersecurity.
Requirements
• Bachelor's degree in Business Management, Administration, Risk Management or Finance.
• Strong knowledge of regulatory requirements, especially those of the Central Bank of the UAE.
• Highly analytical with strong decision-making skills
• Excellent English communication skills, both written and verbal.
• Proficient in Microsoft Office and data management.
• Exceptional time management and organizational skills, with the ability to work under pressure.
• Detail-oriented and self-motivated
• Strong stakeholder management skills, demonstrating emotional intelligence and cultural sensitivity.