Manager Financial Risk Management

About CEER

CEER is seeking a Manager, Financial Risk Management to join their team in Riyadh, Saudi Arabia. This full-time role is essential for evaluating, managing, and mitigating financial risks to ensure the company's financial stability and alignment with performance objectives and regulatory requirements.

Role Purpose

The Manager, Financial Risk Management is responsible for overseeing all aspects of financial risk, including market risks such as foreign exchange, commodity price, and interest rate risks, as well as credit risk. The role focuses on maintaining CEER’s financial health by developing and implementing robust risk management strategies and policies.

Key Responsibilities

• Determine and evaluate financial risks, including market risks (foreign exchange, commodity price, and rate risks) and credit risk, assessing their impact on CEER’s financial performance.
• Monitor and analyze market trends, economic indicators, interest rates, currency movements, and commodity price changes affecting financial performance.
• Develop and implement strategies and internal policies to mitigate exposure to market risks, including interest rate, foreign exchange, and commodity price risks.
• Develop, implement, and maintain internal policies and procedures to manage exposure to credit-related losses and counterparty risks.
• Develop, maintain, and enhance financial risk models to quantify, monitor, and analyze risk exposures.
• Ensure compliance with applicable financial regulations, internal policies, and industry risk management standards.
• Promote a risk-aware culture within CEER through guidance, communication, and collaboration with stakeholders.
• Collaborate with colleagues across the Finance division and other divisions to align risk management activities with corporate objectives and financial strategies.

Managerial Accountabilities

• Achieve assigned objectives by setting individual goals, managing performance, and developing staff.
• Participate in the development of the section’s business plans in alignment with department objectives.
• Ensure effective implementation of policies, procedures, and controls for all assigned activities.
• Prepare the section’s budget, monitor financial performance against it, and ensure activities adhere to approved guidelines.
• Manage the identification of opportunities for continuous improvement and sustainability of systems, processes, and practices.
• Ensure all section reports are prepared accurately, timely, and meet CEER’s requirements and quality standards.
• Ensure non-disclosure of confidential information within or outside CEER.
• Ensure adherence to Health, Safety, Security, and Environment policies and standards across all business functions under the department.

Qualifications and Experience

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

Application Process

Candidates who meet the above qualifications are encouraged to apply for this full-time position in Riyadh.