Risk Specialist Job Description
Analyze and measure exposure to credit and market risk threatening the assets, earning capacity, or economic state of an organization. In the GCC market, this role is actively hired across Bahrain, Saudi with 2 recent postings.
A Risk Specialist in the GCC region requires ERP, compliance, risk management, audit, Excel. Analyze and measure exposure to credit and market risk threatening the assets, earning capacity, or economic state of an organization. This role is in demand across the Gulf Cooperation Council countries.
Risk Specialist salary in the UAE
Median monthly gross in AED for a mid-level Risk Specialist. See the full breakdown by country and seniority.
Key responsibilities
- 01Audit, Risk & Compliance Manager
- 02KEY RESPONSIBILITIES, ACCOUNTABILITIES AND ACTIVITIES
- 03Conduct full risk assessments for new and existing business activities, third
- 04Gather and analyze qualitative and quantitative data through document reviews, interviews, and process walkthroughs to identify vulnerabilities.
- 05Evaluate the likelihood and impact of risks using established frameworks (e.g., ISO 31000, COSO ERM).
- 06Prioritize risks based on exposure levels and recommend appropriate mitigation actions.
- 07Collaborate with business units to develop and implement risk mitigation strategies, controls, and contingency measures.
- 08Establish and monitor Key Risk Indicators (KRIs) and trigger limits to detect early signs of risk escalation.
- 09Support management in implementing and testing internal controls to ensure design effectiveness and operational efficiency.
- 10Maintain and update the corporate risk register in collaboration with Internal Audit, Compliance and relevant departments.
- 11Prepare periodic risk reports highlighting key trends, control gaps, and emerging issues for management and the Risk Committee.
Required qualifications
- : Suite tools. Collaborative attitude, proactive mindset, and strong attention to detail.
- : Bachelor’s degree in risk management, Finance, or related field.
- : Professional certification: CRMA / CRMP / CRM
- : 6 years’ experience in enterprise risk or BCM within a multi
- : division organization.
- : Knowledge requirements
- : Good awareness of the laws and regulations relevant to the company’s operations (e.g., PDPL, labour, VAT, trade, and governance) to ensure risk and continuity plans align with regulatory expectations.
- : Strong understanding of enterprise and operational risk management frameworks such as ISO 31000 and COSO ERM.
Education requirements
- : Bachelor's degree
Required skills
Preferred skills
Tools & technologies
Hiring companies we see
- Foodics
- Propel Consult
Hired across
- Bahrain
- Saudi Arabia
FAQ
What does a Risk Specialist do in the GCC?
A Risk Specialist in the GCC performs core duties related to ERP, compliance, risk management, adapted to the regional business environment and regulatory framework.
What qualifications do I need to be a Risk Specialist?
Typically a Bachelor's degree is required, with 1-3 years of experience in the field.
What is the demand for Risk Specialist in the GCC?
The role is actively hired across Bahrain, Saudi, with consistent demand from both local and multinational employers.
What skills are needed for a Risk Specialist role?
Key skills include ERP, compliance, risk management, audit, Excel, PowerPoint, along with strong communication and teamwork abilities.
Do I need Arabic to work as a Risk Specialist in the GCC?
Arabic language proficiency is often preferred but not always required. It depends on the employer, sector, and client-facing nature of the role.
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