About Company
First Abu Dhabi Bank (FAB) is the UAE’s largest bank and one of the world’s largest and safest financial institutions. We offer a comprehensive range of financial solutions, products and services to cater to the diverse needs of our customers across the globe. Headquartered in Abu Dhabi, the capital of the UAE, FAB’s international network spans five continents, providing global relationships, deep expertise and a wealth of experience to support local, regional and international businesses. As a leading bank, FAB is committed to creating value for our shareholders, customers, and communities, driving innovation and shaping the future of finance. We pride ourselves on a culture of excellence, integrity, and proactive adaptation to the evolving global financial landscape.
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Job Description
First Abu Dhabi Bank (FAB) is seeking a highly motivated and experienced Risk Management Specialist to join our dynamic team in Abu Dhabi. As the UAE’s largest bank and one of the world’s largest financial institutions, FAB plays a pivotal role in the region’s economic landscape, driving innovation and delivering exceptional value to our customers and stakeholders. Our unwavering commitment to robust risk management is fundamental to our success, ensuring the stability, resilience, and ethical conduct required to navigate complex global financial markets. We believe in fostering a culture where prudent risk-taking fuels sustainable growth, and every team member contributes to protecting our financial ecosystem.
In this critical role, you will be instrumental in identifying, assessing, monitoring, and mitigating various types of risks across our extensive operations, encompassing credit, market, operational, and strategic risks. The financial sector is constantly evolving, presenting new challenges and opportunities driven by technological advancements, geopolitical shifts, and changing customer expectations. You will contribute significantly to safeguarding FAB’s assets, reputation, and strategic objectives by applying advanced risk methodologies, quantitative models, and established frameworks. This position offers a unique opportunity to work within a sophisticated and integrated risk environment, collaborating closely with diverse teams including business units, compliance, internal audit, and technology, to foster a strong, proactive risk-aware culture throughout the organization.
Your day-to-day responsibilities will involve deep dives into vast financial data, market trends, and the latest regulatory updates, transforming complex information into clear, actionable insights for senior management. You will be at the forefront of developing and implementing robust risk policies, procedures, and controls, ensuring stringent alignment with both FAB’s internal governance standards and the rigorous external regulatory requirements set by the Central Bank of the UAE. This is more than just a specialist role; it’s an opportunity to directly influence strategic decision-making, contribute to the bank’s sustainable growth, and enhance our long-term competitive advantage. We are looking for an analytical mind with a proactive and inquisitive approach, capable of communicating intricate risk concepts clearly and persuasively to various technical and non-technical audiences. If you are passionate about building a secure financial future, thrive on intellectual challenge, and excel in a fast-paced, multicultural environment, FAB offers an unparalleled platform for your professional development and career advancement in the heart of the Middle East’s financial hub.
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Key Responsibilities
- Identify, assess, monitor, and report on various types of risks (e.g., credit, market, operational, reputational, compliance) across FAB's business units.
- Develop, implement, and review risk management frameworks, policies, and procedures in alignment with regulatory requirements and best practices.
- Conduct quantitative and qualitative risk analyses, stress testing, and scenario planning to evaluate potential impacts on the bank’s financial health.
- Monitor key risk indicators (KRIs) and risk appetite metrics, providing timely alerts and recommendations to management.
- Ensure compliance with Central Bank of UAE regulations, Basel accords, and other relevant local and international regulatory standards.
- Collaborate with business units to embed risk management practices into daily operations and strategic decision-making processes.
- Prepare comprehensive risk reports and presentations for senior management and relevant committees.
- Contribute to the enhancement of risk models, data infrastructure, and risk management systems.
- Participate in cross-functional projects related to new product development, process improvements, and regulatory changes.
- Foster a strong risk-aware culture throughout the organization through training and communication initiatives.
Required Skills
- Minimum of 4 years of experience in risk management within the financial services industry.
- Strong understanding of various risk types (credit, market, operational, liquidity, reputational) and their interdependencies.
- Proficiency in risk management methodologies, frameworks (e.g., COSO, Basel), and regulatory compliance.
- Excellent analytical, quantitative, and problem-solving skills.
- Ability to interpret complex financial data and market trends.
- Strong communication and presentation skills, both written and verbal, to effectively convey risk concepts to diverse audiences.
- Advanced proficiency in Microsoft Excel; experience with risk management software (e.g., GRC platforms, financial modeling tools) is a plus.
- Demonstrated ability to work independently and collaboratively in a fast-paced, dynamic environment.
- Bachelor’s degree in Finance, Economics, Risk Management, Statistics, or a related quantitative field.
Preferred Qualifications
- Master’s degree in Finance, Business Administration, or a related field.
- Professional certifications such as FRM (Financial Risk Manager), CFA (Chartered Financial Analyst), or PRM (Professional Risk Manager).
- Experience working in a large, international financial institution in the GCC region.
- Knowledge of Islamic finance principles and their application in risk management (if applicable to specific roles within FAB).
Perks & Benefits
- Competitive tax-free salary package.
- Comprehensive health and life insurance benefits.
- Generous annual leave.
- Performance-based bonuses and incentives.
- Opportunities for continuous learning and professional development.
- Exposure to a diverse and multicultural work environment.
- Modern office facilities in a prime location.
- Employee wellness programs.
- Discounted banking services.
How to Apply
Interested candidates are invited to apply by clicking on the application link below. Please ensure your resume highlights your relevant experience and qualifications for this role. Only shortlisted candidates will be contacted for an interview.
