Risk Manager Paylink

About the Role

Salla is seeking a Risk Manager for PayLink to lead its Enterprise Risk Management (ERM) function as an independent control function. This full-time role is based in Jeddah, Makkah, Saudi Arabia. The Risk Manager will develop and maintain the risk management framework, assess risks across the business, and provide insights to support informed decisions, business resilience, and compliance with Saudi Central Bank (SAMA) requirements. The position requires 5-10 years of experience and involves close collaboration with senior management, relevant committees, and departmental risk owners, while maintaining independent oversight and clear accountability.

Key Responsibilities

• Develop and update the Enterprise Risk Management (ERM) framework, policies, methodologies, tools, and templates, submitting them for approval.
• Prepare an annual risk management strategy and work plan aligned with the Company's strategy, license category, and scale of operations.
• Define roles, responsibilities, escalation lines, risk owners, and control owners in coordination with relevant departments.
• Support the Risk Committee and other relevant committees by preparing materials, reports, and tracking decisions.
• Lead enterprise assessments of inherent and residual risk in collaboration with departmental risk owners.
• Establish and maintain the enterprise risk register, documenting causes, impacts, controls, assessments, treatment owners, and target dates.
• Coordinate Risk and Control Self-Assessments (RCSA) and challenge the reasonableness of assessments.
• Assess enterprise risks from new products, services, material changes, projects, expansion, and partnerships.
• Conduct scenario analyses and stress testing in coordination with Finance, Operations, and Technology.
• Develop and review the risk appetite statement and tolerance limits in coordination with various stakeholders.
• Develop Key Risk Indicators (KRIs), defining data sources, owners, measurement frequency, and alert thresholds.
• Monitor risk appetite breaches, analyze causes, recommend mitigation, and escalate under approved authorities.
• Produce periodic reports for senior management and relevant committees on material risks, trends, breaches, and remediation plans.
• Assess control design adequacy and effectiveness from a risk management perspective using supporting evidence.
• Request information and evidence for risk assessments within approved access rights and confidentiality.
• Document professional disagreements with risk or control owners and escalate material matters.
• Monitor financial, operational, technology, and financial crime risks in coordination with respective owners.
• Oversee the Business Continuity Management (BCM) framework and program, monitoring plans, testing, and remediation readiness.
• Assess risks related to suppliers, outsourcing, third-party dependencies, and projects, providing recommendations before approval.
• Monitor regulatory requirements applicable to the risk management function and compile supporting evidence.
• Deliver practical risk awareness and training to risk owners and promote risk culture throughout the Company.
• Maintain orderly records of evidence, assessments, reports, decisions, and relevant correspondence.

Qualifications and Experience

• 5-10 years of relevant experience in risk management.
• Demonstrated ability to develop and implement enterprise risk management frameworks.
• Experience with Saudi Central Bank (SAMA) requirements is essential.
• Strong analytical skills for risk identification, assessment, and reporting.
• Ability to work independently while collaborating effectively with various departments and senior management.

Key Skills

• Risk Management Framework Development
• Risk Identification and Assessment
• Risk Register Management
• Risk Appetite and KRI Development
• Control Assessment and Independent Challenge
• Business Continuity Management Oversight
• Regulatory Compliance Monitoring
• Stakeholder Coordination and Communication

Work Environment

This full-time position is based in Jeddah, Makkah, Saudi Arabia. The role involves working closely with senior management and various departmental teams, requiring strong interpersonal and communication skills to ensure effective risk oversight and collaboration across the organization.