Risk Officer - KSA
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Key skills for this role
Key Skills for This Role
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Key Responsibilities
- Support 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 and evaluate internal control effectiveness, identifying gaps and recommending improvements.
- Monitor Key Risk Indicators, 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 agreed actions are implemented on time.
- Monitor regulatory developments and assess the impact of new SAMA and Basel requirements on the branch.
- Support stress testing, scenario analysis, Business Continuity Management, and disaster recovery initiatives.
- Update operational risk policies and procedures, advise business units, and promote risk awareness through training and guidance.
Qualifications and Skills
- Bachelor’s degree in Business Administration, Finance, Risk Management, or a related field.
- At least four years of operational risk experience within the banking or financial sector.
- Good knowledge of operational risk principles, SAMA regulations, and Basel requirements.
- Professional risk management certifications such as CORM, CORP, or an equivalent qualification are preferred.
- Strong analytical, communication, problem-solving, and report-writing skills.
- Good command of written and spoken English.
- Ability to work under pressure and collaborate effectively across departments.
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