Risk Manager
Role Overview
Jeel Digital Innovations, a subsidiary of Riyad Bank, is seeking a Risk Manager to establish, develop, and enhance its Enterprise Risk Management (ERM) framework.
The role ensures risks are effectively identified, assessed, monitored, and managed across the organization.
Responsibilities span risk methodologies, enterprise risk registers, risk assessments, KRIs, and advising senior management.
Key Skills for This Role
Full Job Posting
About the Role
Jeel Digital Innovations, a subsidiary of Riyad Bank, is seeking a Risk Manager to establish, develop, and enhance its Enterprise Risk Management (ERM) framework.
The role ensures risks are effectively identified, assessed, monitored, and managed across the organization.
Responsibilities span risk methodologies, enterprise risk registers, risk assessments, KRIs, and advising senior management.
Enterprise Risk Management & Governance
- Lead the development, implementation, and continuous enhancement of Jeel's Enterprise Risk Management framework.
- Establish and maintain risk management methodologies, policies, processes, and reporting structures.
- Develop and maintain the enterprise Risk Register, covering strategic, operational, financial, technology, and compliance risks.
- Support the integration of risk management practices into business operations and strategic initiatives.
Risk Assessment & Mitigation
- Lead enterprise-wide risk assessments and facilitate workshops with business units to identify emerging risks and evaluate existing controls.
- Review and challenge risk assessments to ensure consistency, accuracy, and alignment with established risk methodologies.
- Develop and oversee risk mitigation plans, ensuring timely implementation and effectiveness of corrective actions.
- Provide risk advisory support for new products, projects, strategic initiatives, and organizational changes.
Risk Monitoring & Reporting
- Define and monitor risk appetite, risk tolerance, and Key Risk Indicators (KRIs) in collaboration with senior management.
- Analyze risk trends and emerging exposures to provide proactive recommendations.
- Prepare comprehensive risk reports, executive dashboards, and management insights to support informed decision-making.
- Monitor risk mitigation progress and report significant risk developments to relevant stakeholders.
Stakeholder Engagement & Risk Culture
- Collaborate with Internal Audit, Compliance, Information Security, and business units to ensure alignment of risk management activities.
- Promote a strong risk-aware culture through awareness sessions, guidance, and stakeholder engagement.
- Ensure risk management practices align with applicable regulatory expectations, industry standards, and organizational policies.
- Facilitate cross-functional collaboration to strengthen risk ownership and accountability.
Team Leadership & Continuous Improvement
- Lead, coach, and develop the risk function.
- Provide technical guidance, assign responsibilities, and monitor team performance.
- Identify opportunities to enhance risk management processes, controls, and operational effectiveness.
- Drive continuous improvement initiatives to strengthen the overall effectiveness of the risk management function.
Who We're Looking For
- 4-6 years of experience in Risk Management within banking or related industries, including 2-3 years in a leadership role.
- Bachelor's degree in Risk Management, Finance, Business Administration, or a related field.
- Strong expertise in developing and implementing ERM frameworks, risk methodologies, risk registers, and enterprise-wide risk assessments.
- Advanced knowledge of risk mitigation planning, Key Risk Indicators (KRIs), risk reporting, and executive dashboards.
- Strong understanding of regulatory expectations, industry standards, internal controls, and risk governance practices.
- Proven ability to lead teams, facilitate risk workshops, and collaborate effectively with senior management and cross-functional stakeholders.
- Strong analytical thinking, problem-solving, planning, and communication skills, with proficiency in both Arabic and English.
Preferred Certifications
- Governance, Risk and Compliance Professional (GRCP).
- Governance, Risk and Compliance Auditor (GRCA).
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