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Risk Manager/Asst.Manager
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Objective:

To manage the overall risk management framework within Tanmia across the entire company.

Key Routine Tasks:
  • Risk Management;
  • Corporate Governance;
  • Qualitative and quantitative assessment of risk;
  • Investment management.
  • Internal Control Framework
Key Tasks:
  • Prepare a strategic plan for the Risk Management function. The plan should clearly set out a proposed department structure, required resources and tools required to deliver on the set plan.
  • Develop and manage the COSO Enterprise Risk Management (ERM) framework by establishing necessary risk management programme, risk appetite, terminologies, policies, standards, practices and effectively implement them across the whole organization.
  • Understand the current business processes and procedures adopted by the two investment departments (Public Markets and Private Markets) and propose a risk-based investment process detailing when risk process should be included in the investment process.
  • Develop and manage the enterprise Risk Register to identify potential risks the business may be exposed to and implement necessary risk monitoring and mitigation processes and procedures.
  • Continuously evaluate Tanmia’s ERM framework and procedures to ensure that professional standards and performance targets are met in accordance with Tanmia’s risk management policy;
  • Conducts reviews of investment and operations management procedures, systems, services, and documentation to ensure that risk exposures are identified, understood and controlled and/or minimised;
  • Provide advice on risks for new financial products that the organisation is about to launch;
  • Work closely with the investment teams to ensure that the risks throughout the investment life cycle is assessed and regularly monitored;
  • Report back to senior management on effectiveness of the control environment/systems and make recommendations on improving controls;
  • Review risks’ programs to ensure that potential weaknesses and losses are indentified and associated risks brought to the attention of Tanmia’s Board of Directors;
  • Compile and submit regular risk reporting to the Executive Management and the Board of Tanmia. The reporting should cover risks identified in the business unites as well as all operational risks. The report should provide both qualitative and quantitative measures of risks. Advise the Executive Management on the frequency and distribution list of the reports;
  • Maintain strong and effective working relationships with all focal points across departments responsible for parts of ERM framework;
  • Assist Tanmia’s Executive Management team in the development of the strategic direction of Tanmia’s Risk Management function;
  • Provide advice and guidance to the department managers and other managers in matters relating to risk management;
  • Support staff to build risk awareness within the organization; this should be achieved by running an awareness programme to all staff within Tanmia.
  • Carry out other related duties and responsibilities as required by the Board of Directors.
Technical and Soft Skills:
  • Strong understanding of various qualitative and quantitative measure used to evaluate risk especially within the investment area.
  • Has a good understanding of how an investment entity operates and the investment standards normally adopted.
  • Strong analytical skills.
  • Ability to pay attention to details.
  • Ability to forecast future market trends, evaluate and analyze investment opportunities is required.
  • Ability to assess risk and provide practical solutions to mitigate risks.
  • Excellent presentation skills.
  • Proficiency with MS Office applications.
Work Experience / Knowledge:
  • Minimum 9 – 15 years of experience is required.
Qualifications:
  • Bachelor’s degree in Finance, Economics, Accounting, Risk Management or related subjects.
  • Certified Risk Member of IRM (CMIRM), Financial Risk Manager (FRM), Certified Financial Analyst (CFA), Chartered Accountant, MBA or any investments equivalent combination of relevant professional education is desired.
Tanmia news
9 Nov 2018

Oman Aviation Academy business identity, website launch

Oman Aviation Academy has launched its business identity and website under the patronage of Shaikh Rashid bin Saif al Saadi, chairman o...
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23 Nov 2017

THE 47TH NATIONAL DAY

TANMIA joined the Sultanate's celebrations of the 47th National Day by a special gathering for the Management Team and all staff. Th...
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5 Oct 2017

TANMIA'S AL KAWTHAR FUND JOINS TAKAFUL OMAN AND BANK NI...

TANMIA's Al Kawthar Islamic Fund management team signed an MoU with Takaful Oman Insurance Co and Bank Nizwa, to organize the Sultanat...
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26 Jul 2017

SIGNING OMAN AVIATION ACADEMY’S SHAREHOLDERS AGREEMENT

TANMIA signed the Shareholders’ Agreement of Oman Aviation Academy on 26 July 2017 with its partners: The Omani Authority for Partnersh...
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23 Feb 2017

MEMORANDUM OF UNDERSTANDING (MOU) UNDER THE DATE PALM I...

A Memorandum of Understanding (MoU) was signed between Oman National Investments Development Company “TANMIA”, The Diwan of Royal Court...
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19 May 2016

TANMIA ACQUIRES 30% IN BAUER NIMR

Signing a new shareholders’ agreement was celebrated on Thursday 19 May 2016 between Bauer Resources GmbH (German company) and Synergy...
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27 Mar 2016

MOU SIGNED FOR SETTING UP DRY BULK LOGISTICS CORRIDOR A...

Oman National Investments Development Company “TANMIA” along with Sohar Port & Freezone, and Vale in Oman’s Distribution Center; signed...
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5 Jan 2016

SIGNING OF MEMORANDUM OF ASSOCIATION FOR ESTABLISHMENT...

Under the patronage of H.E. Dr. Ali Masoud Al Sunaidi, Minister of Commerce and Industry, and in the presence of a number of Ministers...
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25 Oct 2015

TANMIA TO INVEST IN A $400 MILLION JOINT FOOD FUND WITH...

Tanmia, Along with The State General Reserve Fund (SGRF) and other investors have signed an agreement to establish Gulf Japan Food Fund...
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11 Jul 2018

Third Phase of Expansion Of The NIMR Water Treatment Pl...

Oman National Investments Development company “TANMIA” has signed an agreement to launch the third phase of expansion of the Nimr Water...
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30 Jul 2018

Oman dates development company launched

TANMIA has officially announced the establishment of Nakheel Oman Development Company jointly with the...
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25 Dec 2019

The foundation stone of Sanvira Carbon (SFZ) LLC’s

The foundation stone of Sanvira Carbon (SFZ) LLC’s petroleum coke calcining facility was laid yesterday “Wednesday” at the Company’s si...
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2 Feb 2021

TANMIA: Al Kawthar & Tathmeer continue to outperform th...

Oman National Investments Development Company (TANMIA) announces the performance of the investment funds under Tanmia’s management. Al...
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2 Feb 2021

Al Kawthar continue to outperform the market

Oman National Investments Development Company (TANMIA) announces the performance of the investment funds under Tanmia’s management. Al...
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2 Feb 2021

Tathmeer continue to outperform the market

Oman National Investments Development Company (TANMIA) announces the performance of the investment funds under Tanmia’s management. Al...
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13 Apr 2021

Appointing Mr. Khalid Al Balushi as CEO of the Oman Nat...

Appointing Mr. Khalid Al Balushi as CEO of the Oman National Investments Development Company (Tanmia) from April 2021. Mr. Al Balush...
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6 Feb 2022

Al Kawthar and Tathmeer announce cash dividends as perf...

Mutual Funds under TANMIA’s management continued their outstanding and recorded a positive performance for the year ended 2021. TANMIA...
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