Risk Manager - KSA National

Job Description

Risk Manager - KSA National / Financial ServicesMy client, an innovative independent investment firm located in Riyadh, is looking for a Risk manager (KSA National) to join their business. The candidate should have experience in, and knowledge of the latest developments in risk management tools/software, statistical modelling and ICAAP/IFRS 9 or pillar III disclosures.Client DetailsRisk Manager - KSA National / Financial Services / RiyadhMy client, an independent investment company, based in Riyadh, focuses on empowering individual investors and helps them grow their portfolio by offering innovative engagement options, for example by having the most independent, convenient and cost-effective way for average investors to put their money to work.They are an established entity in the Kingdom and have built operates the first mutual fund supermarket in Saudi Arabia and the Middle East, which provides a great opportunity.As well as a top tier financial services company, my client is a pioneer in the market in terms of IT. They offer the first seamlessly integrated platform to trade in Saudi Arabia, providing more than 80% of its services online.The company culture is dynamic, warm and informal, offering growth opportunities and investment in their employees by offering fast promotions and competitive benefits packages.DescriptionRisk Manager - KSA NationalKey responsibilities are:Ensure that the organisation has best-practice risk management policies and proceduresDevelop/Review/Recommend Risk Management MethodologiesTimely and accurate identification of Market Risk by analysing the balance sheet to ensure all market/liquidity risks are identified and understood and calculate VaR for trading finance fund, and discretionary portfolios.Compliance by monitoring daily transactions and ensure compliance with Prudentials regulations, companies strategies, and the companies policy in the area of riskReporting by generating system reports (e.g. gap reports, VaR etc?) to assist with the oversight of market risk exposure and analyse generated reports to identify and measure riskInternal Communication / Creating AwarenessDevelop Risk Assessment Systems by evaluating operational risk systems and risk/rating models when required to evaluate suitability for the firm and define and update the companies internal Key Risk Indicators (KRIs).Risk Management Models i.e. knowledge of various risk management models i.e. scorecard based or statistical models for risk calculations, VAR and IFRS 9 calculation model and assumptions.ProfileRisk Manager - KSA NationalThe successful candidate should have:Minimum of 4+ years work experience in a relevant field (ideally with Masters degree), within the Risk Management, Internal Controls department in a financial institutionKnowledge of the latest developments in risk management tools and software applications, and credit / investment products.Knowledge of statistical modelling and IFRS 9, ICAAP, and pillar III disclosures.In depth knowledge of requirements of CMA.Bachelors degree in a quantitative or analytical field such as Economics, Engineering, Mathematics or Statistics. Graduate degree in Mathematics or Statistics preferredKSA NationalJob OfferRisk Manager - KSA NationalAn exciting opportunity offering a competitive package for the right candidate to make their next career move.

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