Head of Operational Risk

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Job ID:

2942

Location:

Riyadh 

Category:

Accounting, Business Development, Finance, Management
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Job Views:

414

Employment Type:

Full time

Posted:

06.12.2017
col-wide 

Occupations:

Accounting-Finance: General-Other: Accounting-Finance, Risk Management-Compliance
Business-Strategic Management: General-Other: Business-Strategic Management

Job Description:

As the Head of Operational Risk, you will be responsible for developing the entire operational risk management framework in order to mitigate risk across the organisation.

Requirements

Management

  • Assist and support the Director of Risk in implementing the Transformation Programme with a focus on Operational Risk Management infrastructure. 
  • Develop a monitoring system to fully identify key risk indicators and provide solutions including presenting reports and findings to the Board
  • Evaluate the financial and non-financial risks and develop long-term and medium-term Operational Risk strategy
  • Hire the appropriate-skilled candidates and build an Operational Risk Team and establish an effective organizational structure within the team
  • Work closely with the first line of defence to develop the appropriate monitoring measurements in response to risk exposures and tolerances
  • Lead the Operational Risk function and ensure its efficient interaction with the various departments
 

Reporting

  • Develop operational risk policies, generate operational risk reports and maintain an operational risk loss database
  • Oversee monitoring of Risk Appetite compliance, report breaches and propose mitigation steps to the Board or respective Committee(s).
  • Escalate material operational risks and support targeted and concise periodic risk reporting and development
  • Identify the relevant emerging best practices in risk management globally and ensure their application in the company if appropriate

Job Requirements:

Qualifications

  • At least 10 years’ of risk management experience in a financial services industry
  • Professional Accounting Qualification and a Graduate Degree in Economics or Finance
  • Master’s Degree, CFA / FRM / PRM qualification - Preferable
  • In depth knowledge of latest industry development for operational risk management 
  • Highly knowledgeable in operational risk management 
  • Knowledge of equity, fixed income  and private equity – Preferable
  • Experience working within the Middle East regulatory environment - Preferable
  • Strong leadership and management skills 
  • Excellent communication skills
  • Capable of creating and implementing new frameworks and strategies across the organisation 
  • Highly analytical with a great attention to detail 
  • Results-driven, decisive and assertive
Company Info
Large Investment Company
Riyadh, Saudi Arabia

Phone:
Web Site:

Company Profile

Company Info


Large Investment Company
Riyadh, Saudi Arabia
Phone:
Web Site:

Head of Operational Risk

col-narrow-left 

Job ID:

2942

Location:

Riyadh 

Category:

Accounting, Business Development, Finance, Management
col-narrow-right 

Job Views:

414

Employment Type:

Full time

Posted:

06.12.2017
col-wide 

Occupations:

Accounting-Finance: General-Other: Accounting-Finance, Risk Management-Compliance
Business-Strategic Management: General-Other: Business-Strategic Management

Job Description:

As the Head of Operational Risk, you will be responsible for developing the entire operational risk management framework in order to mitigate risk across the organisation.

Requirements

Management

  • Assist and support the Director of Risk in implementing the Transformation Programme with a focus on Operational Risk Management infrastructure. 
  • Develop a monitoring system to fully identify key risk indicators and provide solutions including presenting reports and findings to the Board
  • Evaluate the financial and non-financial risks and develop long-term and medium-term Operational Risk strategy
  • Hire the appropriate-skilled candidates and build an Operational Risk Team and establish an effective organizational structure within the team
  • Work closely with the first line of defence to develop the appropriate monitoring measurements in response to risk exposures and tolerances
  • Lead the Operational Risk function and ensure its efficient interaction with the various departments
 

Reporting

  • Develop operational risk policies, generate operational risk reports and maintain an operational risk loss database
  • Oversee monitoring of Risk Appetite compliance, report breaches and propose mitigation steps to the Board or respective Committee(s).
  • Escalate material operational risks and support targeted and concise periodic risk reporting and development
  • Identify the relevant emerging best practices in risk management globally and ensure their application in the company if appropriate

Job Requirements:

Qualifications

  • At least 10 years’ of risk management experience in a financial services industry
  • Professional Accounting Qualification and a Graduate Degree in Economics or Finance
  • Master’s Degree, CFA / FRM / PRM qualification - Preferable
  • In depth knowledge of latest industry development for operational risk management 
  • Highly knowledgeable in operational risk management 
  • Knowledge of equity, fixed income  and private equity – Preferable
  • Experience working within the Middle East regulatory environment - Preferable
  • Strong leadership and management skills 
  • Excellent communication skills
  • Capable of creating and implementing new frameworks and strategies across the organisation 
  • Highly analytical with a great attention to detail 
  • Results-driven, decisive and assertive
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