As a Risk Officer, you are responsible for promoting a risk culture within the bank and be aware of and have a sound understanding of the rules and regulations ("regulatory system") relevant to your role.
Ensure the development and implementation of controls
Monitor the business activities in line with the DFSA rules
Define limits for financial counterparties and monitor compliance
Valuation of portfolios (LTV) for Lombard loans
Controlling market operations, monitoring limits and margin calls for derivatives operations
Ensure the reporting of CFTC and exchange limits
Contribute to the development of risk analysis and monitoring tools (Bank and Group)
Participate in 2nd level controls for regulatory reporting (FP, LE, AR)
Conduct due diligence relating to the client onboarding process
Improve existing tools and processes
Assist with compliance tasks as required
Take necessary steps to prevent the bank from being used to further financial crime, in particular, money laundering, terrorist financing, bribery and corruption, fraud, tax evasion, cyber-crime and market abuse; and report any suspicions of financial crime to the Money Laundering Reporting Officer or Compliance.
Report any compliance or regulatory issues or concerns to Compliance
Ensure that you adhere to all policies and procedures relevant to your role, including, but not limited to, your team's procedures, the Compliance Manual and any stand-alone policies or procedures communicated to you from time-to-time
You must act with integrity; due skill, care and diligence; and you must be open and cooperative with the regulators.
You must pay due regard to the interests of clients and treat them fairly; and you must ensure that all communications with clients are clear, fair and not misleading.
You must observe proper standards of market conduct at all times