Job description

Senior Executive – Risk, Insurance & BCM role at Dubai Holding Asset Management (DHAM) in Dubai, supporting the head of Risk Management & BCM in delivery and execution to ensure the organization’s insurance risk management policies and strategies align with strategic goals and internal operational requirements, providing assurance that investment mandates will be met and assets appropriately safeguarded across DHAM’s portfolio of retail destinations and residential communities. Insurance responsibilities include ensuring appropriate insurance cover exists across DHAM by liaising with the designated broker so policies are in place for all DHAM activities and associated risks; managing DHAM’s annual insurance budgeting and insurance policy renewal process including invoicing and premium payments as the focal point for liaison with the insurance broker; ensuring all DHAM requirements are addressed in a timely manner by the broker and handling broker and market requests efficiently including the annual insurance renewal process; collaborating with relevant departments on insurance claims and needs; managing insurance claims to ensure they are tracked, communicated and escalated as needed; and ensuring insurance needs, strategy and risk and loss control measures through insurance portfolio reviews, understanding business operations and changes, and periodic review of third-party contractual insurance. Risk Management Framework responsibilities include supporting design and development of a comprehensive risk management and business continuity strategy and framework to mitigate market, counter-party and operational risks across all functions; developing enterprise risk management policies, procedures, processes and templates for risk identification, assessment and evaluation aligned with documented risk appetite and tolerance statements; ensuring the risk framework aligns with DHAM and coordinating day-to-day facilitation of risk identification, assessment, risk ownership, mitigation and monitoring of enterprise risks including strategic, operational, financial and compliance risks; preparing regular, formal and ad-hoc risk program reports for senior management highlighting significant risk and enabling risk-intelligent decision-making; conducting risk assessment workshops with Business Units and Corporate Departments to identify and mitigate risk and integrate the process into local management operations; providing risk-based training to management colleagues to promote and integrate risk management across the company and create a risk-intelligent decision-making culture; assisting in achieving external certifications in Enterprise Risk Management (ISO31000) and Business Continuity Management (ISO23001); maintaining and updating Corporate and Business Unit risk registers with documented and mitigated risks and timely sign-off of mitigations; and developing and maintaining core enterprise risk management tools and measurement methodologies for risk monitoring aligned with best practices. Business Continuity Management responsibilities include maintaining and updating BCM Business Impact Analyses and the wider Business Continuity Management framework including Threat Risk Assessments and Business Continuity Plans; developing and implementing a business continuity plan testing strategy and managing annual execution to ensure robust business response to BCM-events; developing and implementing BCM training plans across the business and implementing mitigation strategies where risk areas are identified. Continual Improvement includes driving continuous improvement in an organization-wide risk management culture through effective governance, communication, change management and controls development. Candidate profile preferences include Bachelor’s Degree in Finance/ Accounting, Risk Management or related field, MBA in Business Management, professional risk management qualification such as Institute of Risk Management (IRM), minimum 3-4 years professional risk management and insurance experience within a corporate environment, proven development and implementation of corporate risk management frameworks, expert-level assessment and mitigation of market, strategic, financial, operational and governance risk, and expert knowledge of current risk management techniques, frameworks and methodologies.