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Risk Officer

2.00 to 4.00 Years   Riyadh, Saudi Arabia   09 Aug, 2019
Shaker Group LG
1 Jobs Openings
Job LocationRiyadh, Saudi Arabia
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryWholesale & Import/Export Trade
Functional AreaNot Mentioned

Job Description

  • Continuously evaluate all processes for operational, legal, financial, market and other risks and update and own the Risk Register.
  • Continuously assessing the Group?s risk appetite and risk exposure.
  • Development of strategy and comprehensive policy for risk management.
  • Monitor organizational policies for compliance and risk exposure, recommending improvements where necessary, in line with laws and regulations.
  • Coordinating with various departments for changes to Risk Management Framework and Risk Register.
  • Evaluating risks relating to the feasibility of the Group continuing in business for the foreseeable future.
  • Preparing quarterly reports on the key risks and compliance matters.
  • Reporting to compulsorily include exposure to risks and management and / or mitigation measures.
  • Rating and recommending risks for escalation to higher levels of reporting.
  • Consult with other departments on risk avoidance, mitigation and acceptance of risk.
  • Working towards improvement and maturity of risk management practices.
  • Monitor compliance with Risk Management Policy and highlight any changes to it, amending where required.
  • Work with Legal department to ensure compliance with laws and regulations applicable to companies in Saudi Arabia (e.g. Code of Corporate Governance, Law of Companies, etc.).
  • Manage and oversee the monitoring of other financial and non ? financial compliance requirements .
  • Design and implement incident monitoring process.
  • Manage oversight of incident management process and ensure that business are reporting significant risk event to Risk and Compliance Unit.
  • Investigate and coordinate responses to queries and issues, and implementing action plans for gaps identified and finalizing reports.
  • Acting as key contact for risk-related queries within the Group and for outside parties including regulatory bodies such as CMA.
  • Raising awareness of the risks, management and compliance thereof across the Group.
  • Conduct trainings for employees to raise level of awareness and encourage positive action on dealing with risks.
  • Verifying independence of Group employees from activities that may expose the Group to risks.

Keyskills :
Financial Risk MBA Risk Analysis

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