Risk Officer - KSA
Role overview
Key Responsibilities • Support the implementation and continuous enhancement of the Operational Risk Management Framework in line with Bank policies, SAMA regulations, and Basel standards. • Identify, assess, monitor, and report operational risks across the Branch while maintaining the Operational Risk Register. • Conduct Risk and Control Self-Assessments (RCSA) and evaluate the effectiveness of internal controls, identifying control gaps and recommending improvements. • Monitor Key Risk Indicators (KRIs), operational incidents, and loss events, perform root cause analysis, and follow up on corrective actions. • Review new products, services, projects, and major business changes from an operational risk perspective. • Prepare operational risk reports, recommendations, and management updates. • Follow up on Internal Audit, External Audit, and regulatory observations to ensure timely implementation of agreed actions. • Monitor regulatory developments and assess the impact of new SAMA and Basel requirements on the Branch. • Support Operational Risk stress testing, scenario analysis, Business Continuity Management (BCM), and Disaster Recovery initiatives. • Contribute to the development and update of Operational Risk policies and procedures, provide risk advisory support to business units, and promote risk awareness through training and guidance.
Requirements • Bachelor's degree in Business Administration, Finance, Risk Management, or a related field. • Minimum 4 years of experience in Operational Risk within the banking or financial sector. • Good knowledge of Operational Risk principles, SAMA regulations, and Basel requirements. • Professional certifications in Risk Management (e.g., CORM , CORP , or equivalent) are preferred. • Strong analytical, communication, problem-solving, and report-writing skills. • Good command of English (written and spoken). • Ability to work under pressure and collaborate effectively across departments.
