Senior Manager/ Associate Director — Financial Risk Management📣 Job Ad
| Contract Type | Full-time | |
| Workplace type | On-site | |
| Location | Riyadh |
About the Role
Protiviti Middle East Member Firm is seeking a Senior Manager or Associate Director to lead engagements within its Financial Risk Management (FRM) practice across the Middle East. This role requires a blend of deep technical expertise and client advisory skills, with responsibility for project delivery from inception to completion. The successful candidate will act as the primary interface between delivery teams, clients, and senior internal stakeholders, driving impactful solutions in a dynamic market.
The ideal candidate will possess strong domain expertise in areas such as credit risk, quantitative analytics, Basel capital regulation, and model risk. A key aspect of this role involves translating complex regulatory and analytical frameworks into actionable, client-centric solutions that address critical financial risk challenges.
Key Responsibilities
- Lead the end-to-end delivery of Financial Risk Management engagements, including credit risk, Basel capital adequacy (Basel III/IV), model risk management, and portfolio analytics.
- Serve as the primary day-to-day client liaison, managing expectations, handling escalations, and steering project outcomes to achieve agreed-upon deliverables.
- Develop and present high-quality reports, deliverables, and strategic recommendations to C-suite and Board-level stakeholders within financial institutions.
- Drive proposal development and contribute to business development activities in coordination with Senior Directors and Partners.
- Oversee and review technical workstreams, including credit risk modelling (PD, LGD, EAD), IFRS 9 ECL, stress testing, and scorecard development.
- Provide expert guidance on Basel III/IV implementation, covering ICAAP, RWA computation, capital adequacy frameworks, Pillar 2 assessments, stress testing, and recovery planning.
- Direct model development and validation engagements, ensuring adherence to regulatory standards such as SR 11-7, ECB guidelines, and regional regulatory requirements (*, CBUAE, SAMA, CBB, CBK).
- Lead portfolio analytics workstreams, including concentration risk analysis, credit portfolio modelling, and the design of limit frameworks.
- Ensure high standards of quality and rigour across all analytical outputs, reviewing model documentation, validation reports, and regulatory submissions.
- Lead and mentor a team of analysts and consultants, providing feedback, guidance, and support for their professional development.
- Manage resources across concurrent engagements, ensuring delivery quality and team well-being.
- Collaborate with other Protiviti verticals, such as Operational Risk, Internal Audit, and Technology Risk, on integrated client engagements.
- Contribute to the development of methodologies, frameworks, and tools for Protiviti's Financial Risk Management service offerings.
- Monitor and synthesize evolving regulatory developments from bodies like BCBS and EBA, as well as regional central banks, translating these into client perspectives.
- Author client alerts, white papers, and point-of-view documents on Financial Risk Management topics.
Qualifications and Requirements
- A minimum of 8 to 14 years of experience in financial risk management, with at least 4 years in a consulting environment (*, Big 4, Tier-1 consultancy, or boutique risk advisory). Industry professionals from banks or financial institutions with equivalent seniority will also be considered.
- A Bachelor's degree in a quantitative discipline such as Finance, Mathematics, Statistics, Economics, or Engineering. A Master's degree or PhD is preferred.
- Demonstrated experience in leading project teams and managing client relationships at senior levels.
- A proven track record of successfully delivering Financial Risk Management engagements for banks, investment firms, or financial holding groups, preferably within the GCC or broader MENA region.
- Strong written and verbal communication skills in English, with the ability to independently produce executive-grade deliverables.
- Substantive expertise across at least three of the following seven domains, with working knowledge of the remainder: Credit Risk Management (credit lifecycle, obligor/facility rating frameworks, IFRS 9 ECL, credit stress testing), Credit Analytics (PD/LGD/EAD modelling, scorecards, through-the-cycle vs point-in-time calibration, backtesting, challenger modelling), Basel Capital Adequacy (Basel III/IV, Standardised and IRB approaches, ICAAP/SREP, RWA optimisation, capital planning, recovery planning), Model Development (statistical and ML model development, feature engineering, model performance metrics, challenger models, documentation to regulatory standards), Model Validation (independent model validation per SR 11-7/ECB guidelines, conceptual soundness, outcome analysis, benchmarking, validation reporting), Model Risk Management (MRM framework design, model inventory governance, tiering and materiality, risk appetite, regulatory dialogue on model risk), and Portfolio Analytics (credit portfolio modelling, concentration risk, sector/geographic analytics, limit framework, portfolio stress testing, early warning indicators).
Required Skills
- Financial Risk Management
- Credit Risk Management
- Quantitative Analytics
- Basel Capital Regulation (Basel III/IV)
- Model Risk Management
- Portfolio Analytics
- Credit Lifecycle Management
- Obligor/Facility Rating Frameworks
- IFRS 9 ECL
- Stress Testing
- Scorecard Development (application/behavioural)
- Basel III/IV, Standardised and IRB approaches
- ICAAP/SREP
- RWA Optimisation
- Capital Planning
- Recovery Planning
- Model Development (Statistical and ML)
- Feature Engineering
- Model Performance Metrics
- Challenger Modelling
- Model Validation (Independent)
- Conceptual Soundness
- Outcome Analysis
- Benchmarking
- Validation Reporting
- MRM Framework Design
- Model Inventory Governance
- Tiering and Materiality
- Risk Appetite
- Regulatory Dialogue on Model Risk
- Credit Portfolio Modelling
- Concentration Risk
- Sector/Geographic Analytics
- Limit Framework Design
- Portfolio Stress Testing
- Early Warning Indicators
- Project Delivery
- Client Advisory
- Business Development
- Team Management
- Mentorship
- Thought Leadership
- Proficiency in quantitative tools such as Python, R, SAS, or MATLAB.
- Strong Communication Skills (Written and Verbal).
- Leadership
- Client Relationship Management
- Familiarity with SR 11-7 and ECB guidelines.
- Experience with GCC central bank regulatory frameworks (CBUAE, SAMA, CBB, CBK, DFSA, ADGM) is preferred.
Additional Information
This is a full-time position based in Riyadh, Saudi Arabia. Professional certifications such as FRM (GARP), CFA, PRM, or equivalent are preferred. While Arabic language proficiency is an advantage, it is not a mandatory requirement for this role. Prior experience managing multi-geography or multi-workstream engagements is also preferred.
Requirements
- Requires +10 Years experience
Similar Jobs
You may also like
- Related Senior Manager/ Associate Director — Financial Risk Management Opportunities
- Business Development Manager Jobs in Riyadh
- Sales Manager Jobs in Riyadh
- Digital Marketing Specialist Jobs in Riyadh
- Sales Representative Jobs in Riyadh
- Marketing Specialist Jobs in Riyadh
- Other Job Fields in Riyadh
- Business Development Manager Jobs in Riyadh
- Sales Manager Jobs in Riyadh
- Digital Marketing Specialist Jobs in Riyadh
- Sales Representative Jobs in Riyadh
- Marketing Specialist Jobs in Riyadh
- Executive Assistant Jobs in Riyadh
- Human Resources Specialist Jobs in Riyadh
- Truck Driver Jobs in Riyadh
- Logistics Pricing & Sales Support Coordinator Jobs in Riyadh
- Sales Specialist Jobs in Riyadh
- Explore Jobs Across Saudi Arabia
- Irrigation Engineer Jobs in Riyadh
- Sales Supervisor Jobs in Medina
- Sales Representative Jobs in Yanbu
- Secretary Jobs in Al Hinakiyah
- Cost Engineer Jobs in Makkah
- Sales Supervisor Jobs in Makkah
- Salesman (Computer) Jobs in Riyadh
- Operations Supervisor Jobs in Najran
- Restaurant Manager Jobs in Abu Arish
- Branch Supervisor Jobs in Jazan