ERM/Operational Risk Specialist

About the Role

JAL Human Resources Co. is seeking an ERM/Operational Risk Specialist to join their team in Riyadh. This full-time role involves implementing and continuously operating the client's Operational Risk Management Framework, ensuring proactive risk management across all Business Units. The specialist will facilitate Risk and Control Self-Assessments (RCSAs), maintain the enterprise Risk Register, and coordinate risk reporting.

Key Responsibilities

• Execute and continuously operate the client's Operational Risk Procedures across all Business Units, ensuring alignment with the Risk Appetite and Framework.
• Facilitate the end-to-end operational risk lifecycle, from identification through monitoring, reporting, and periodic reassessment.
• Plan, facilitate, and document RCSA workshops, challenging risk assessments and assessing control effectiveness.
• Maintain the enterprise Risk Register, ensuring accurate documentation, categorization, and linkage of risks to controls, action plans, KRIs, and Business Process Owners.
• Develop and monitor Key Risk Indicators (KRIs), define thresholds, and produce periodic KRI reporting.
• Monitor emerging operational risks, prepare risk reports for Executive Management and the Board, and escalate significant risks as required.
• Coordinate operational risk event reporting, investigate significant incidents, perform root cause analysis, and incorporate lessons learned into RCSA and control improvements.
• Support Business Units in identifying practical risk treatments, provide independent challenge, and advise on operational risk implications for new initiatives and projects.
• Recommend enhancements to operational risk methodologies, templates, and reporting, and contribute to the development of risk culture through awareness sessions.

Qualifications and Experience

• A minimum of 5 to 10 years of experience in Enterprise Risk Management or Operational Risk.
• Demonstrated ability to implement and manage operational risk frameworks.
• Experience in facilitating RCSAs and maintaining risk registers.
• Proficiency in developing and monitoring Key Risk Indicators (KRIs).

Required Skills

• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills for facilitating workshops and advising Business Units.
• Ability to challenge risk assessments and ensure consistent application of methodologies.
• Detail-oriented with strong organizational skills for maintaining accurate records and reports.

Work Environment

This is a full-time position based in Riyadh, requiring collaboration with various Business Units and Executive Management to embed proactive risk management practices across the organization.

Application Process

Interested candidates are encouraged to apply for this role. Salary details will be discussed during the interview process.