Outsourced Risk Officer (RO) services for DFSA-regulated DIFC firms and FSRA-regulated ADGM firms — including enterprise risk frameworks, risk appetite statements, risk registers and ongoing regulatory risk reporting.
The Finance Officer (sometimes called the Financial Controller) is a senior, named role in DIFC and ADGM regulated firms responsible for the firm's financial controls, capital adequacy, regulatory financial returns and prudential reporting.
For firms that don't have the volume to justify a full-time FO, outsourcing the role to a partner-grade specialist makes more sense. You get someone who already knows the DFSA / FSRA financial rulebooks — without the cost of building it in-house.
Almost all DFSA and FSRA regulated firms have a Finance Officer requirement. For Cat 4 firms it's often combined with another role. For Cat 3 and Cat 1 firms it's typically a dedicated role.
The Risk Officer (RO) is a mandatory Authorised Function for many DFSA and FSRA regulated firms — typically DFSA Category 1, 2, 3A, 3B and certain 3C firms, and equivalent FSRA-regulated entities including investment firms, fund managers above certain AUM thresholds and several specialist activities. The role is responsible for the firm's enterprise-wide risk management framework.
A qualified, regulator-approved Risk Officer with the seniority and gravitas the DFSA or FSRA expects is a USD 200,000+ per year hire. For most firms outside the top tier, outsourcing brings the same calibre of individual at a fraction of the cost. Our outsourced ROs have worked at Tier 1 banks, brokers and asset managers in DIFC, ADGM, London or Singapore before specialising in fractional roles.
Build or refresh your enterprise risk management framework. Define risk appetite, key risk indicators (KRIs), risk register and escalation paths.
Monthly monitoring of risk exposures, KRI breaches, incidents and near misses. Risk MI prepared for Risk Committee and board.
Attend or chair your Risk Committee. Attend board meetings on risk matters. Coordinate with Compliance and Finance Officers on overlapping topics.
Lead annual ICAAP document. Lead recovery and resolution planning where required. Stress testing and scenario analysis.