About the Role
The Director of Risk Management is responsible for leading the risk management framework across three core areas: Financial Risk Management, Strategic Risk Management, and Operational Risk Management. This role ensures proactive identification, assessment, and mitigation of risks to protect the organization’s financial stability, strategic objectives, and operational resilience. The position plays a critical role in embedding risk-based decision-making, aligning risk management strategies with business goals, and fostering a risk-aware culture across the organization.
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Key Accountabilities
- Develops and governs the Enterprise Risk Management (ERM) Framework, ensuring full integration across Financial, Strategic, and Operational Risk Management functions.
- Establishes and enforces comprehensive risk governance policies, methodologies, and reporting mechanisms in alignment with relevant regulatory standards.
- Defines and monitors the Risk Appetite Framework, ensuring risk tolerances, thresholds, and key risk indicators (KRIs) are effectively measured and aligned with corporate strategy.
- Advises and influences executive leadership on risk exposure, mitigation strategies, and emerging threats.
- Ensures compliance with internal risk management policies and regulatory requirements, embedding a risk-driven decision-making culture across all business functions.
- Directs and safeguards financial risk management strategies, covering credit risk, market risk, liquidity risk, investment risks, and capital adequacy.
- Collaborates with and advises the Finance Department to develop and oversee risk modeling, stress-testing methodologies, and financial exposure assessments.
- Oversees and optimizes financial risk mitigation frameworks, aligning them with regulatory financial risk management standards (Basel III, IFRS, etc.).
- Ensures the development of early warning systems and predictive risk analytics to mitigate potential financial disruptions.
- Leads and governs risk management strategies related to business growth, corporate governance, and long-term planning.
- Anticipates and evaluates external risk factors (e.g., economic downturns, geopolitical instability, regulatory changes) that could impact the organization’s strategic direction.
- Synthesizes risk intelligence to inform high-stakes decision-making, ensuring a balanced approach to risk and opportunity management.
- Oversees scenario planning and stress-testing exercises to fortify strategic resilience against uncertainty.
- Ensures executive leadership is equipped with actionable risk insights to support transformational initiatives.
- Architects and reinforces enterprise-wide operational risk controls, incident management frameworks, and internal controls to mitigate threats to business continuity.
- Strengthens risk monitoring mechanisms across supply chain, technology, human capital, and process management functions.
- Directs the evaluation, analysis, and enhancement of operational risk controls, ensuring alignment with international best practices.
- Oversees risk mitigation plans and ensures that contingency strategies are embedded within the organization’s operations.
- Ensures compliance with cybersecurity, health & safety, and environmental risk management regulations.
Academic and Professional Qualifications
- Bachelor’s degree in Risk Management, Finance, Business Administration, or a related field.
- Minimum 11 years of experience in Enterprise Risk Management, Financial Risk, Strategic Risk, or Operational Risk, or other relevant fields.
Languages
- Fluency in English (written and spoken)
- Fluency in Arabic (written and spoken)
Employee Benefits
- Training and development programs
- Schooling allowance
- Medical insurance for employees’ parents
- Mobile allowance
