Risk Officer

About The Role

You will play a key role in implementing and managing the enterprise risk management framework for First Answer Custody FZE (brand name: Liminal). This includes identifying, assessing, monitoring, and mitigating risks across operational, regulatory, and technology domains—ensuring full compliance with VARA’s Risk Management and Compliance Rulebooks.

Responsibilities

• Risk Governance & Frameworks
• Support the implementation of the Risk Management Framework (RMF) in line with VARA’s requirements.
• Maintain and periodically update the entity’s Risk Appetite Statement, Risk Register, and Risk Control Self-Assessments (RCSAs).
• Assist in the design and documentation of risk policies, procedures, and internal controls.
• Risk Identification & Assessment
• Identify and assess risks across key areas: operational, cyber, regulatory, vendor, financial, and third-party.
• Conduct risk reviews for new products, services, and geographies.
• Support scenario analysis, stress testing, and business continuity planning (BCP).
• Risk Monitoring & Reporting
• Monitor key risk indicators (KRIs), control effectiveness, and early warning signals.
• Prepare and present periodic risk reports to senior management and the Board Risk Committee.
• Support internal and external audits, regulatory inspections, and VARA submissions.
• Collaboration & Advisory
• Work closely with Compliance, Product, Technology, Legal, and Operations to embed a strong risk culture.
• Participate in Risk & Control Self-Assessment (RCSA) workshops and lead issue remediation tracking.
• Advise business units on emerging risks and risk mitigation strategies.
• Regulatory Engagement
• Ensure all risk-related obligations under the VARA Risk Management Rulebook are implemented, tested, and documented.
• Contribute to the development of regulatory filings and reports required by VARA.
• Stay current on UAE and global risk management expectations in the digital asset ecosystem.
  
  

Desired Candidate Profile

• 7–10 years of experience in enterprise risk management, operational risk, or internal controls in financial services, fintech, or digital asset firms.
• Strong understanding of the UAE regulatory environment; experience with VARA, ADGM or DFSA is highly desirable.
• Knowledge of risk frameworks (e.g., ISO 31000, COSO ERM), governance principles, and control testing.
• Background in digital asset or technology risk is a strong advantage.
• Bachelor’s or Master’s degree in Finance, Risk, Business, or related field; certifications like FRM, IRM, or CRISC preferred.
  
  

About Liminal

Liminal is a compliant and insured digital asset custody and wallet infrastructure provider. Launched in April 2021, Liminal Custody is a CCSS Level 3, SOC Type 2, and ISO 27001 & 27701 certified organization. Based in Singapore, Liminal has operations spread across APAC, MENA, and Europe, along with offices in Singapore,Taiwan , India, and UAE. The company has received an initial approval from VARA. Liminal takes pride in supporting businesses with its qualified and insured custody (self and institutional) that enables stress-free safekeeping of digital assets for institutions. It also provides a cutting-edge wallet infrastructure platform that is secure, compliant, and automated and comes with a plug-and-play architecture for faster onboarding of developers, business partners, and government agencies.

Our website - https://www.liminalcustody.com/

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