Dwarfs have little knowledge of magic as it is practiced by Elves and Humans and they have no wizards as such. The magical lore of the Dwarfs is closely linked to their craftsmanship in weaponry, armour and other artefacts. Dwarf Runesmiths make many magical devices, including the finest weapons and armour. Runesmiths are masters of rune lore, the art of using runes to entrap magic and imbue artefacts with arcane power. Their knowledge has been passed down by word of mouth from the days of the ancestors. The knowledge of the most powerful runes is a very powerful secret known to only a few of the most adept Runesmiths.
Source: Warhammer Armies Project: Unofficial 9th Edition (v2.2)
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A Runesmith/Runelord follows the rules for a Level 2/4 Wizard for the purposes of dispelling, and have Magic Resistance (1/2), respectively.