Risk Lead

The Job in a Nutshell💡
The Risk Lead will be responsible for developing and maintaining a risk management framework for the company. He/she will ensure that risk exposures of the company are mitigated and managed within the accepted risk appetite and monitored continuously. The Risk Lead will be applying the best practices in managing risks and applying the suitable measurements satisfying issued regulations and the company’s shareholders.

What Will You Do❓

• Developing in coordination with other functions the company’s risk management strategy.
• Establishing and developing Risk Management framework, policies, risk appetite and associated applicable risk limits.
• Developing risk management related procedures to manage and maintain operational and financial objectives.
• Designing and implementing the appropriate Risk Management methodologies, tools, techniques, and programs across the company and its activities covering all risks including but not limited to operational, credit, financial, reputational, and cyber security risks.
• Implementing conducting risk assessment and analysis across functions and new products.
• Performing risk assessment for overall company’s strategic projects and documentations including policies, procedures, agreements, and system implementation initiatives.
• Establishing the continuous risk management monitoring role which includes the development of the early warning indicators and key risk indicators.
• Establishing comprehensive risk register covering all internal and external risks.
• Setting up appropriate mechanism of reporting and analyzing operational risk incidents and associated losses remedial.
• Developing periodic risk management awareness and building a strong risk management culture across the company.
• Ensuring the required risk transfer techniques including mandatory or optional insurance are implemented and aligned with the company’s Risk Management strategy.
• Liaising with all functional heads to establish, maintain, and continuously improve risk management capabilities.
• Implementing appropriate risk reporting aligned with local and international regulatory requirements and board of directors and senior management oversight.
• Enhancing and implementing a business continuity plan into the business lines and critical functions, supporting the functions in understanding the risk impacts to their daily operations, to manage risks effectively in coordination with technology and cyber security functions.
• Keeping abreast of the development in risk management techniques, methodologies, and tools.
• Managing assigned ad hoc assignments for regulatory committees and senior management.

What Are We Looking For❓

• At least 3 years of experience in Risk Management is preferred in the financial industry.
• Bachelor's degree in Risk Management, Finance, Actuarial, or any relevant major.
• Knowledge of risk assessment, control, and analysis.
• Familiarity with SAMA compliance standards and regulations.
• Solid and demonstrated project management skills.
• A firm grasp of Microsoft applications (Excel, PowerPoint & Word) and G-Suite.
• A great team player who has a positive mindset.

Location
Riyadh, Saudi Arabia