Risk Manager

About the Role

• Enterprise Risk Management

• Develop, implement, and maintain the Enterprise Risk Management (ERM) Framework.
• Establish risk management policies, procedures, methodologies, and reporting mechanisms.
• Conduct periodic enterprise-wide risk assessments and ensure risks are appropriately identified, evaluated, and mitigated.
• Maintain the company's Risk Register and ensure timely updates of risk treatment plans.
• Continuously monitor the company's risk profile and emerging risk landscape.

Operational Risk Management

• Identify and assess operational risks across business processes, products, systems, and third-party relationships.
• Conduct Business Process Risk Reviews and recommend control enhancements.
• Evaluate the effectiveness of internal controls and monitor remediation activities.
• Investigate operational incidents and perform root cause analysis to prevent recurrence.
• Support the development and testing of Business Continuity and Disaster Recovery plans.

Credit Risk Management

• Monitor portfolio performance, concentration risk, default trends, and recovery performance.
• Review underwriting policies, credit models, and risk acceptance criteria.
• Conduct portfolio risk assessments and stress testing exercises.
• Analyze credit risk metrics and provide recommendations to optimize risk-adjusted returns.
• Ensure credit risk practices remain aligned with regulatory expectations and risk appetite.

Regulatory & Compliance Risk

• Ensure risk management practices comply with SAMA regulations and applicable regulatory requirements.
• Assess the risk impact of new products, services, partnerships, and strategic initiatives.
• Support internal audits, regulatory reviews, and risk-related assessments.
• Monitor regulatory developments and assess their impact on the organization.

Third-Party & Outsourcing Risk

• Conduct risk assessments for vendors, service providers, and outsourcing arrangements.
• Monitor third-party risk exposure and ensure adequate controls are maintained.
• Review critical supplier performance and risk mitigation measures.

Risk Reporting & Governance

• Prepare risk reports, dashboards, and management information for senior management and Board Committees.
• Develop and monitor Key Risk Indicators (KRIs) and Risk Appetite metrics.
• Present risk assessments, trends, and recommendations to executive management.
• Support the Risk Committee and other governance forums through risk analysis and reporting.

Key Competencies

• Strong understanding of Enterprise Risk Management principles and frameworks.
• Excellent analytical and problem-solving capabilities.
• Strong knowledge of operational, credit, regulatory, and outsourcing risks.
• Ability to challenge business decisions constructively while maintaining strong stakeholder relationships.
• Strong report writing and presentation skills.
• High attention to detail and risk-based decision-making mindset.
• Ability to operate independently in a regulated environment.

Qualifications & Experience

• Bachelor's degree in Risk Management, Finance, Business Administration, Economics, Accounting, or a related field (Master's degree preferred).
• 5+ years of experience in Risk Management, Internal Controls, Credit Risk, or Enterprise Risk within fintech, banking, or financial services.
• Strong understanding of SAMA regulatory requirements and risk management expectations.
• Experience in credit risk assessment, operational risk management, and risk governance.
• Professional certifications such as FRM, PRM, CRM, CFA, or equivalent are highly desirable.
• Strong analytical, quantitative, and reporting skills.
• Excellent communication skills in Arabic and English (written and verbal).