Risk Officer
Job Description
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 domainsensuring full compliance with VARAs Risk Management and Compliance Rulebooks.
Responsibilities- Risk Governance & Frameworks
- Support the implementation of the Risk Management Framework (RMF) in line with VARAs requirements.
- Maintain and periodically update the entitys 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.
- 710 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.
- Bachelors or Masters 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/