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.
