Risk Manager

Bayzat is at the forefront of transforming workplaces through innovative solutions in HR, Payroll, Finance, and Insurance. Renowned as a leading SaaS platform for employee benefits and a key player in the Insurance sector, we are committed to our mission: empower every company to create a remarkable workplace by supercharging people processes and payments.

As one of the MENA region's fastest-growing Scale-Ups, Bayzat is celebrated for its innovative product offerings, backed by over 300 team members from 35+ nationalities. Recognized by Forbes as a promising UAE-based startup and supported by leading VCs like Mubadala and Point72 Ventures, we are among the best-funded HRTech scale-ups in the region.

At Bayzat, culture is paramount. We are a principle-driven, merit-based organization where authenticity, collaboration, and unpretentiousness thrive. Joining Bayzat means immersing yourself in an environment of high achievers, tackling complex challenges, and constantly striving for success. Our culture inspires continuous learning and excellence, allowing you to work with and be inspired by some of the brightest minds in the industry.

Our journey to success is anchored in our commitment to innovation, empowering businesses with features designed to optimize efficiency and elevate employee experiences. Whether enhancing people processes, streamlining payments, or enabling smarter decisions, Bayzat is redefining what it means to create a truly remarkable workplace.

About the Role:

As a Risk Manager at Bayzat, you will lead the company's risk management. You will build and run the framework that helps leadership see and control material risks early, and make sure we meet our regulators' expectations as we grow. You will work closely with Compliance, Internal Audit, IT and business leaders, and report on risk to leadership and the Board.
This is a remote, full-time role.

Some high-impact responsibilities you will be entrusted with:

● Own the risk management framework and everything that supports it, including the policies, procedures, manuals and controls
● Identify, assess and monitor material risks, including operational, conduct, fraud, cyber and financial crime risk
● Maintain the risk register, mitigation plans and risk event log, and follow actions through to closure
● Define the risk appetite and key risk indicators, and take them to leadership and the Board for approval
● Assess the risks of key decisions before they are made, such as new products, insurers, partners and systems
● Own business continuity and operational resilience, including the related plans, policies and testing
● Oversee cyber and data risk with IT, including data protection, backups and incident response
● Work with Compliance on fraud and financial crime risk, including fraud, waste and abuse controls and reporting
● Assess and monitor outsourcing and third-party risk against regulatory requirements
● Report the risk profile, key risks and any breaches of appetite to leadership and the Board at least quarterly
● Prepare risk reports and submissions for our regulators, and escalate significant issues promptly

What you will need to have:

● 7+ years of experience in risk management and audit, including at least 3 years in internal or external audit
● Experience with insurance companies or brokers, ideally from a Big 4 or mid-tier audit or risk advisory practice, is highly desirable
● Hands-on experience building or refreshing a risk framework, risk register, key risk indicators and business continuity plans
● Experience in a regulated financial services or insurance business; knowledge of health insurance and GCC regulation is a plus
● A bachelor's degree or equivalent professional qualification
● A relevant certification such as FRM, PRM, IRM, CIA, ACCA or CA is a plus; ISO 31000 or ISO 22301 training is valued
● Structured risk thinking and the confidence to challenge senior leadership constructively
● Clear, plain-language reporting to leadership and the Board
● Fluency in English and Arabic, written and spoken

• Meritocracy at its core: Your value creation and impact define your growth, not titles or tenure.
• Freedom to shape your path: We support cross-functional moves and growth transitions when you drive value.
• Real feedback culture: Feedback is coaching - empowering you to find your own answers and elevate your game.
• Barrier-free collaboration: Impact matters more than hierarchy. If you can create value, you’ll have a seat at the table — even with the CEO.
• Accelerated growth: Fast-track opportunities for top performers; no artificial limits.
• Flexible work setup: Remote and hybrid options designed around performance.
• Inclusive culture: Regular company-wide all-hands, OKR tribe meetings, and annual awards that celebrate real impact.