Risk Manager

About Arab Invest

Arab Invest is a Pan-Arab joint-stock company established in July 1974. It is owned by the governments of 16 Arab states and operates with an authorized capital of US$ 1,200 Million and a paid-up capital of US$ 917 million.

The Role of Risk Manager

The Risk Manager will be responsible for implementing a robust risk management framework at Arab Invest. This role ensures adherence to all relevant laws and regulations, focusing on the identification, assessment, measurement, mitigation, and reporting of key potential risks. The Risk Manager will also promote a culture of integrity and ethical behavior within the organization and reports directly to the Head of GRC. This is a full-time position based in Riyadh, Saudi Arabia, requiring 5-10 years of experience.

Key Responsibilities

• Support the development and implementation of the Company’s enterprise-wide Risk Management strategy.
• Develop and implement a robust risk management framework covering credit, market, operational, and liquidity risks for identification, assessment, monitoring, mitigation, and reporting.
• Develop, propose, maintain, and monitor the Company’s risk appetite, ensuring appropriate cascades to all functions.
• Monitor adherence to established risk limits and escalate breaches or near-misses through formal reporting channels.
• Conduct regular risk assessments to identify and evaluate potential risks, and liaise with function heads to develop mitigation plans.
• Develop and maintain Arab Invest's risk register, conduct periodic follow-ups on mitigation actions, and report findings to the Head of GRC and the Governance, Risk and Compliance Committee.
• Establish and maintain credit and counterparty risk assessment frameworks and exposure limits.
• Monitor counterparty exposures across all asset classes, ensuring compliance with approved credit limits and tiering frameworks.
• Ensure implementation of the country limits management framework in line with approved IPS.
• Support the implementation of pre- and post-trade risk controls, ensuring investment activity adheres to Arab Invest's portfolio restrictions and regulatory requirements.
• Support the Head of GRC in reviewing investment proposals and formulating risk memos.
• Develop and update the stress testing framework and carry out stress testing periodically.
• Oversee operational due diligence (ODD) reviews of external investment managers to assess operational risk, integrating findings into investment decision-making and risk reporting processes.
• Develop and deliver training programs to educate employees on risk issues and promote a risk-aware culture.
• Support the implementation of the risk management program through the establishment and regular updates of policies/procedures, enforcement, and monitoring.
• Identify, assess, measure, mitigate, and report on Market and Liquidity risk of the Company.
• Prepare and present enterprise risk reports to the Head of GRC and senior leadership, highlighting emerging risks, portfolio analysis, concentrations, early warning indicators, and mitigation strategies.
• Assist in the implementation and ongoing management of appropriate risk systems and tools for effective management, measurement, mitigation, and reporting of various risks.
• Review and assess risks associated with new initiatives (products, services, systems) and suggest changes to existing activities or products, implementing controls to mitigate those risks.
• Develop and maintain the Business Continuity Policy and Disaster Recovery Plan, working with key stakeholders within Arab Invest.

Experience and Qualifications

• A minimum of 5 to 10 years of relevant experience in risk management.

Work Type and Location

This is a full-time position based in Riyadh, Saudi Arabia.