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Risk Management Specialist

3.00 to 10.00 Years   Eastern Province, Saudi Arabia   20 Dec, 2023
Job LocationEastern Province, Saudi Arabia
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryInsurance & TPA; Banking; Financial Services
Functional AreaNot Mentioned

Job Description

1.˙˙˙˙˙˙Implementation of overall risk management process for the organization keeping in view the business strategy and risk appetite of the company.2.˙˙˙˙˙Manage the process of identifying and assessing the risks affecting the business and keep watch on emerging risks.3.˙˙˙˙˙˙Coordinate across the organization to Implement SAMA?s requirement of risk-based supervision.4.˙˙˙˙˙˙Assist in organizing appropriate risk reporting, internally and externally.5.˙˙˙˙˙˙Evaluate and challenge the organization?s ability to manage its risks.6.˙˙˙˙˙˙Define and maintain risk registers, risk profiles, and risk metrics.7.˙˙˙˙˙˙Perform control testing to evaluate and reassess risk assessment.8.˙˙˙˙˙˙Perform Analytical Analysis of the Financial and Non-Financial Information.9.˙˙˙˙˙˙Implements risk management strategy.10.˙˙˙Regularly evaluating the Companys tolerance for, and exposure to, risks (e.g., through stress testing exercises).11.˙˙˙Independent assessment and evaluation of the risk-taking activities undertaken by functions/departments.12.˙˙˙Monitors the adequacy and effectiveness of risk responses, accuracy and completeness of reporting and timely remediation of deficiencies.13.˙˙˙Reports on aggregate risk profile, control effectiveness, and corrective actions taken evaluate and perform scenario analysis and stress testing.14.˙˙˙Establishes contingency plan.15.˙˙˙Ensures independence from the risk-taking functions of the company.16.˙˙˙Ensure risk management policies, processes, and reports are periodically reviewed by independent auditors who are experts in Risk Management.17.˙˙˙Obtain training to ensure employees regulatory and AML awareness.

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