UAE Risk Quantification Specialist

RISK QUANTIFICATION SPECIALIST/ SENIOR SPECIALIST

Job Summary:

The ERM Manager leads risk quantification and analysis supporting the implementation

of ERM at organization. The role develops risk dashboards and reports for Senior Management ensuring alignment with organization's risk appetite and sector trends. Additionally the ERM

Manager conducts financial impact and scenario analyses to assess risks in investment.

Decisions strategic plans and budgeting providing insights for proactive risk

management and decisionmaking.

Job Specific Responsibilities:

Monitor and enhance application of organization s ERM processes across the

organization including but not limited to relevant risk quantification methodologies

tools and templates.

Research and implement innovative approaches to quantify and analyze organization s

risks in line with the ERM policy and framework while reviewing and evaluating risk

quantification approaches of similar international utilities and single buyer/system

operator organizations.

Provide risk management support within key projects by providing guidance on risk

quantification and the application of risk simulation software/modelling (including

Monte Carlo Simulation or Bootstrapping).

Conduct indepth analysis of potential new investment decisions and stress test

financial models considering multiple risks/assumptions and offering probabilistic

insight on potential investment ROI/LCOE and contribute to drafting investment

recommendations based on risk sensitivity analysis.

Responsible for developing and monitoring KRIs (key risk indicators) across the

enterprise risk portfolio consistent with the risk framework to measure risk

exposure.

Requirements

Develop and implement necessary tools for the automation of the risk quantification

and risk aggregation process supporting the risk assessment initiatives.

Review and challenge business planning and budgets proposed by organization in

consideration of the organization risk landscape and any necessary contingency reserves

and provide a probabilistic analysis on EBITDA/Unit costs to make a meaningful

recommendation from a risk perspective.

Perform a risk mapping and quantification exercise to map risks from the risk

registers to financial statements.

Analyze and identify risks associated with the forecast performance for deviations.

Engage with Risk Champions / Finance business partners in developing models that

provide a quantitative basis for decisionmaking aligning these models with

financial considerations and facilitating effective communication to support

informed and strategic decisionmaking processes.

Communicate complex risk quantification concepts to nontechnical stakeholders

in a clear and understandable manner.

Ensure that all new projects/initiatives/investments have offered risk oversight and

key risks are monitored on a periodic basis over the duration of the projects/initiatives/investments to deliver intended benefits on time in a defined

cost.

Collaborate with business functions including Project Finance Strategy and

Planning and Financial Planning on how to quantify / analyze and report risks and

evaluate internal and external risks/issues that may impact organization s core activities.

Periodically collaborate with Risk Owners on key business aspects to ensure risk

informed decisionmaking is implemented across organization

Regularly update risk dashboards and reports based on inputs obtained from the

Directorates and outputs of the risk quantification activities ensuring accurate

documentation is presented to ARC and Board. Identify and analyze sector trends to continuously improve organization s risk

management approach including gap analysis controls Develop review and update ERM training materials to ensure they reflect organization s ERM framework and goals and train Risk Champions and other employees (as needed) on the importance of ERM and organization's ERM tools and methodologies. Develop and implement the Risk Management Plan working closely with the ERM

Head on annualized basis Key result area(s)

Driving risk quantification and analysis to support strategic decisionmaking and

developing risk dashboards and reports that align with organization s risk appetite and emerging

trends. Additionally the role ensures comprehensive financial and scenario analysis to

guide investment and risk mitigation strategies.

Internal working relations:

CFO and Corporate Operations Directorate

Internal Departments within organization

Internal Audit

External working relations:

None.

JOB REQUIREMENTS:

Minimum Education Level

Bachelor s degree in finance Economics Accounting Mathematics or a related

field with proven experience in risk quantification and assessment preferably

within a corporate or regulatory environment.

Minimum experience level

Minimum of 8 years of experience in Finance or Risk Management

Diverse/multicultural business industry (obtained from medium to large organization)

Multinational company

Energy and utility sector preferred

Jobrelated competencies and proficiency levels:

Behavioral

Organizational excellence (level 2) Intermediate

Strong analytical and problem solving (level 3) Professional

Build effective relationships (level 3) Professional

Communicate with impact (level 3) Professional

High attention to detail (level 2) Intermediate

Technical

Financial modelling (level 3) Professional

Sensitivity Analysis (level 3) Professional

Risk Management (level 3) Professional

Customer Feedback: Gather and relay customer feedback and suggestions to improve our products and services. Cold Calling: Proactively reach out to potential clients through phone calls to introduce our IT solutions and services. Identify decision-makers within organizations and initiate meaningful conversations to assess their IT needs. Client Meetings: Arrange and conduct meetings with potential clients, either in-person or virtually, to understand their IT requirements and present our solutions. Prepare and deliver presentations, proposals, and product demonstrations as needed. Lead Generation: Need to generate new prospects