Manager, Financial Risk Management📣 Job Ad

About the Role

CEER is seeking a Manager, Financial Risk Management to join its Treasury and Funding team. This role is based in Riyadh, Saudi Arabia, and focuses on the comprehensive evaluation, management, and mitigation of financial risks. The primary responsibilities include managing market risks, such as foreign exchange, commodity price, and interest rate risks, as well as credit risk. The objective is to ensure that all risk management activities align with CEER’s financial performance objectives, risk appetite, and regulatory requirements, contributing to the organization's sustainable financial stability.

Key Responsibilities

• Determine and evaluate financial risks, including market risks (foreign exchange, commodity price, interest rate) 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 to mitigate exposure to market risks and establish related internal policies and procedures.
• 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 for quantifying, monitoring, and analyzing 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.
• Achieve assigned objectives through setting individual goals, managing performance, and developing staff.
• Participate in the development of the section's business plans in accordance with department objectives.
• Ensure the effective implementation of policies, procedures, and controls covering assigned activities.
• Prepare the section's budget and monitor financial performance against it.
• Manage the identification of opportunities for continuous improvement in systems, processes, and practices.
• Ensure timely and accurate preparation of all section reports meeting CEER’s requirements and quality standards.
• Ensure the non-disclosure of confidential information.
• Ensure adherence to Health, Safety, Security, and Environment (HSSE) policies and standards.

Qualifications and Requirements

• Bachelor's degree in Finance, Accounting, or an equivalent qualification.
• A minimum of 6 years of relevant experience.
• At least 2 years of experience in a leadership role.

Required Skills

• Financial Risk Management
• Market Risk (including Foreign Exchange, Commodity Price, Interest Rate)
• Credit Risk
• Financial Performance Analysis
• Risk Mitigation Strategies
• Development and Implementation of Internal Policies and Procedures
• Financial Risk Models
• Regulatory Compliance
• Stakeholder Collaboration
• Performance Management
• Business Planning
• Budget Management
• Continuous Improvement
• Reporting
• Confidentiality
• Health, Safety, Security, Environment (HSSE) standards

Work Environment and Location

This is a full-time position based in Riyadh, Saudi Arabia. The role operates within the Treasury and Funding team, requiring collaboration across various departments to ensure alignment with corporate objectives.