Director Investment Risk

About the Environment Fund

The Environment Fund (صندوق البيئة) is seeking a Director Investment Risk to join its team in Riyadh, Saudi Arabia. This is a full-time position responsible for providing strategic leadership in developing, implementing, and enhancing the Fund’s investment risk-management framework.

Role Overview

The Director Investment Risk will ensure the effective identification, measurement, and monitoring of market, credit, liquidity, operational, and ESG-related risks across all asset classes. The role requires alignment with the Fund’s financial sustainability objectives and regulatory requirements, contributing to a robust risk culture within the organization.

Key Responsibilities

• Provide strategic direction for the investment risk strategy and governance framework, ensuring alignment with enterprise risk management and investment objectives.
• Design and maintain comprehensive policies for managing market, credit, liquidity, operational, and ESG risks across portfolios.
• Ensure risk-management frameworks align with national requirements and international standards such as Basel III, IFRS, ESG, and approved risk appetite.
• Lead periodic reviews of policies and risk limits to reflect market developments, portfolio structure, and regulatory requirements.
• Manage the comprehensive framework for identifying, assessing, and monitoring risks across portfolios, instruments, counterparties, and markets.
• Oversee analysis of concentration risk, counterparty exposures, and systemic vulnerabilities across asset classes.
• Lead the development and implementation of advanced risk-analytics tools and real-time monitoring dashboards.
• Develop investment risk and performance indicators (KPIs & KRIs) to monitor portfolio resilience, capital adequacy, and diversification efficiency.
• Oversee the preparation and approval of comprehensive risk reports, dashboards, and analytical summaries for management, committees, and the Board.
• Organize and oversee the Investment Risk team, providing guidance and training to develop technical and analytical capabilities.
• Collaborate with Legal, GRC, and Audit to maintain strong internal controls and ensure adherence to governance standards.

Qualifications and Experience

• Education: Bachelor’s or Master’s degree in Finance, Economics, Risk Management, or Business Administration.
• Experience: A minimum of 9 years of experience in investment risk management or portfolio risk.
• Leadership Experience: At least 3 years in a leadership role overseeing multi-asset portfolios.

Skills and Competencies

• Strong understanding of market, credit, liquidity, operational, and ESG risks.
• Proficiency in advanced risk-analytics tools and real-time monitoring dashboards.
• Knowledge of national and international regulatory standards (*, Basel III, IFRS).
• Ability to provide strategic insights and recommendations based on quantitative and qualitative analyses.
• Demonstrated leadership in fostering a high-performance, collaborative team culture.

Work Environment

This full-time role is based in Riyadh, Saudi Arabia, and involves working within a dynamic environment that promotes accountability, learning, and innovation. The Director will collaborate with various internal departments including Finance, Treasury, Portfolio teams, Legal, GRC, and Audit.