Risk Manager📣 إعلان

About Arab Invest

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

The Opportunity: Risk Manager

Arab Invest is seeking a Risk Manager to join its team in Riyadh, Saudi Arabia. This full-time role is central to implementing a robust risk management framework, ensuring the company's adherence to all relevant laws and regulations. The Risk Manager will be responsible for identifying, assessing, measuring, mitigating, and reporting key potential risks, while actively promoting a culture of integrity and ethical behavior across the organization. This position reports directly to the Head of GRC.

Core 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 collaborate 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 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 portfolio restrictions and regulatory requirements.
• Assist the Head of GRC in reviewing investment proposals and formulating risk memos.
• Develop/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.
• 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 risk management, measurement, mitigation, and reporting.
• Review and assess risks associated with new initiatives (products, services, systems), suggest changes to existing activities, and implement controls to mitigate identified risks.
• Develop and maintain the Business Continuity Policy and Disaster Recovery Plan, working with key stakeholders within Arab Invest.

Qualifications and Experience

Candidates for the Risk Manager position should possess a strong background in risk management within a financial or investment context. The role requires a professional with a proven ability to develop and implement comprehensive risk frameworks.

• A minimum of 5 to 10 years of relevant experience in risk management.
• Demonstrated expertise in developing and implementing risk management strategies, frameworks, policies, and procedures.
• Strong analytical skills for identifying, assessing, measuring, and mitigating various types of risks including credit, market, operational, and liquidity risks.
• Experience with risk reporting, stress testing, and operational due diligence.
• Ability to monitor compliance with risk limits and regulatory requirements.
• Excellent communication and interpersonal skills to collaborate with stakeholders and deliver training.
• Proficiency in managing risk systems and tools.
• Experience in developing Business Continuity and Disaster Recovery plans.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia. The Risk Manager will operate within a dynamic environment, contributing to the financial stability and ethical conduct of Arab Invest.

Application Process

Qualified candidates are invited to submit their applications for this role. Arab Invest is committed to fostering a culture of integrity and professional excellence.