Risk and Compliance Manager - Dry Bulk Chartering for Dubai

Risk and Compliance Manager - Dry Bulk Chartering for Dubai

Risk and Compliance Manager - Dry Bulk Chartering for Dubai

Job Title

Risk and Compliance Manager – Dry Bulk Chartering

Job Description

General Job Information

Job Title

Risk and Compliance Manager – Dry Bulk Chartering

Department

Operations

Reports To

CEO

Job Summary

The Risk and Compliance Manager – Dry Bulk Chartering is responsible for identifying, assessing, and mitigating risks while ensuring regulatory compliance in chartering operations. This role supports strategic decision-making by monitoring market volatility, counterparty risks, and legal obligations, safeguarding the company’s financial and operational integrity.

Main Responsibilities

Accountability

Risk Management

Develop, implement and manage a Robust Risk Model which incorporates all positions (including FFA and Swaps)

Identify and assess risks (market, credit, operational, geopolitical).

Monitor freight markets and advise on hedging strategies (FFAs, derivatives).

Develop, implement and manage a “Counterparty due diligence (credit checks, sanctions screening) Policy"

Conduct risk analysis, trade risk, due diligence checks for counterparties, vessels and contracting parties, ensuring

compliance with regulatory requirements and internal policies

Highlight high-risk counterparties, exposed transactions, and deviations from standard procedures in the reports

Sanctions & Compliance

Develop, implement and manage the Compliance Framework, team strategy and plan in line with the Global Compliance strategy and the compliance risk profile with the objective of ensuring that compliance risks are

appropriately managed and ensuring adherence to relevant laws, regulations, and industry standards.

Implement and enforce internal compliance policies

Design and conduct regular compliance risk assessments to identify and mitigate potential areas of non-compliance.

Ensure the effectiveness and efficiency of compliance tools to support the organization's objectives

Maintain oversight of the compliance monitoring program across the company. Program to include monitoring of transactions, business communications and any regulatory requirements reviews as applicable

Prepare senior management information and reporting regarding all compliance activities

Conducting regular audits on compliance processes related to fixed vessels.

Oversee the compliance monitoring program, including transaction monitoring, business communications reviews, and

trade surveillance.

Document Control : Establish and maintain document control processes to ensure the proper creation, review, approval, distribution, and retention of documents, including policies, procedures, specifications, and records.

Compliance and Reporting : Monitor regulatory changes and industry trends related to quality management and document control. Ensure compliance with relevant standards, regulations, and customer requirements. Prepare

reports and metrics to track performance and compliance

Develop, implement and manage the Compliance Framework, team strategy and plan in line with the Global Compliance strategy and the compliance risk profile with the objective of ensuring that compliance risks are

appropriately managed and ensuring adherence to relevant laws, regulations, and industry standards.

Financial Crime and AML (Anti-Money Laundering)

FATF compliance and anti-bribery standards; Know Your Customer (KYC); Suspicious Activity Reports (SARs); Internal controls on financial flows

Contract Review & Governance

Liaise with insurers and legal counsel to ensure adequate risk coverage for cargo, operations, and liabilities.

Cross-jurisdictional compliance (IMO, OFAC, port regulations)

Review and negotiate charter party agreements (BIMCO, NYPE, GENCON).

Conducting compliance due diligence on third parties

Maintain standardized clause library and ensure ESG compliance (CII, EEXI).

Internal Controls & Reporting

Develop risk dashboards and KPIs for senior management.

Lead incident investigations (claims, disputes) and recommend corrective actions.

Stakeholder Engagement

Advise senior management on risk-reward trade-offs.

Collaborate with operations, finance, and insurance teams.

Contract Review & Governance

Liaise with insurers and legal counsel to ensure adequate risk coverage for cargo, operations, and liabilities.

Cross-jurisdictional compliance (IMO, OFAC, port regulations)

Review and negotiate charter party agreements (BIMCO, NYPE, GENCON).

Additional Points

Develop and implement a compliance strategy based on a thorough understanding of regulatory requirements, industry standards, and organizational goals.

Conduct risk assessments related to due diligence and compliance, identifying potential risks and developing mitigation

strategies. Make informed decisions on risk tolerance and risk management measures.

Ensure that vessels meet operational standards and comply with safety and environmental regulations. Monitor and

assess vessel performance, maintenance, and adherence to industry best practices.

Establish and enforce operational parameters for document verification and record-keeping processes to ensure

transparency, traceability, and compliance with legal requirements.

Provide regulatory advice and guidance

Assist the business with further developing regulatory solutions and ensure continued and ongoing regulatory

compliance.

Provision of regular and ad hoc training to the business on regulatory or compliance issues

Support the set-up, implementation and operation of risk prevention tools

Collaborate with corporate stakeholders to monitor enforcement of standards and regulations

Assess the business’s future ventures to identify possible compliance or regulatory risks

Identify opportunities for process improvements in due diligence and compliance management. Decide on the implementation of new technologies or methodologies to enhance efficiency and effectiveness.

Key Relationships

Relationship

Internal / External

Brief Description

Chartering Managers

Internal

Partner to align risk mitigation with commercial objectives.

Legal & Compliance Team

Internal

Ensure contractual and regulatory compliance.

P&I Clubs / External Regulators

External

Liaise on claims, sanctions, and industry updates.

Role Dimensions

Decision Making

• Authority within company policies and risk frameworks.
• Escalate high-impact risks to Head of Chartering.

Budget / Expenditure

Direct / Indirect Reports

Required Qualifications

Preferred Qualifications

Required Experience

Preferred Experience

Knowledge & Skills

Required Skills

Other

Achyutam International is a leading Recruitment Agency for Jobs in Africa, Middle East and Asia, both for Expatriates and for Local professionals. Through our AI based database, which has a large number of professionals interested in International jobs, Achyutam International closes any challenging mandates in the fields of operations, engineering, production, R&D, Quality Control, Supply Chain Management, Logistics, IT, Finance, Sales, CEO's and others; Many candidates has got jobs in Edible Oil, plastics, FMCG, beverages, metals, fodd processing, Agri, Textiles, steel, packaging,etc..

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Seniority level

Seniority level

Mid-Senior level

Employment type

Employment type

Full-time

Job function

Job function

Finance and Sales

Industries

Business Consulting and Services

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