Risk Lead📣 إعلان

About Foodics and the Opportunity

Foodics is a leading restaurant management ecosystem and payment technology provider, established in 2014 with headquarters in Riyadh. With offices across 5 countries, including UAE, Egypt, Jordan, and Kuwait, Foodics currently serves customers and partners in over 35 different countries worldwide. Our innovative products have successfully processed over 6 billion orders, positioning Foodics as a rapidly evolving SaaS company in the MENA region. The company recently secured $170 million in its latest funding round, enhancing its capabilities to serve business owners.

We are seeking a Risk Lead to join our team in Riyadh, Riyadh Province. This is a full-time position that will play a key role in maintaining our operational integrity and strategic growth.

The Role of Risk Lead

The Risk Lead will be responsible for developing and maintaining a comprehensive risk management framework for Foodics. This role ensures that the company's risk exposures are effectively mitigated and managed within the accepted risk appetite, with continuous monitoring. The successful candidate will apply best practices in managing risks and implement suitable measurements to satisfy issued regulations and company shareholders. This position requires 2-5 years of relevant experience.

Key Responsibilities

• Develop the company’s risk management strategy in coordination with other functions.
• Establish and develop the Risk Management framework, policies, risk appetite, and associated applicable risk limits.
• Develop risk management related procedures to manage and maintain operational and financial objectives.
• Design and implement appropriate Risk Management methodologies, tools, techniques, and programs across the company and its activities, covering all risks including operational, credit, financial, reputational, and cyber security risks.
• Implement conducting risk assessment and analysis across functions and new products.
• Perform risk assessment for overall company’s strategic projects and documentations including policies, procedures, agreements, and system implementation initiatives.
• Establish the continuous risk management monitoring role which includes the development of early warning indicators and key risk indicators.
• Establish a comprehensive risk register covering all internal and external risks.
• Set up an appropriate mechanism for reporting and analyzing operational risk incidents and associated losses remedial.
• Develop periodic risk management awareness and build a strong risk management culture across the company.
• Ensure the required risk transfer techniques, including mandatory or optional insurance, are implemented and aligned with the company’s Risk Management strategy.
• Liaise with all functional heads to establish, maintain, and continuously improve risk management capabilities.
• Implement appropriate risk reporting aligned with local and international regulatory requirements and board of directors and senior management oversight.
• Enhance and implement a business continuity plan into the business lines and critical functions, supporting the functions in understanding the risk impacts to their daily operations, to manage risks effectively in coordination with technology and cyber security functions.
• Keep abreast of developments in risk management techniques, methodologies, and tools.
• Manage assigned ad hoc assignments for regulatory, committees, and senior management.

Qualifications and Experience

• 2-5 years of experience in a relevant risk management role.
• Preferred experience in the financial industry.

Our Commitment to Employees

Foodics offers an inclusive and diverse culture that encourages innovation and flexibility. We provide competitive compensation packages, including bonuses and the potential for shares. We prioritize personal development, offering regular training and an annual learning stipend to support employees in tackling new challenges and growing their careers. Join a talented team of over 30 nationalities working in 14 countries, gaining valuable experience in a dynamic industry. We offer autonomy, mentoring, and challenging goals that create opportunities for both individual and company growth.

Work Location

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