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GulfBankers Executive Search

Risk Officer

Location: Riyadh, Saudi Arabia
Posted On: 2 months, 0 hours ago

Job Specification

  1. Number of Vacancies: 1
  2. Expiry Date: 2019-07-23
  3. Job Type: Full Time
  1. Experience: 3 to 5 years
  2. Functional Area:
  3. Job Code: JB104490

Job Description

    • To assist the Head of Risk Management in the implementation and continuous improvement of the Enterprise Wide Risk Management framework, the second line of defense, not limited to  Market, Liquidity, Credit, Operational Risks (excluding any IT/System related technical risks), including Product & Service Risk Management, Vendor Risk and Business Continuity/Crisis Management, and other residual risks for the Riyadh Branch.  
    • Assist the Head of Risk Management in the planning, implementing and monitoring of the Riyadh Branch’s Credit Risk (including Concentration Risk and Country Risk), Market  and Liquidity Risk, Operational Risk (excluding any IT/System related technical risks), including Product & Service Risk Management  and Vendor Risk frameworks in accordance with the Bank’s Global Comprehensive Risk framework and regulatory guidelines issued by the regulator as applicable to Market, Liquidity and Credit, and Operational risks.
    • Daily monitoring of market, liquidity and other risks (i.e. delivery, liquidity, etc.) reporting and escalating any breaches in accordance with internal procedures.  
    • Daily monitoring of deals conducted by the Market Products (Treasury) Team i.e., position, profit and off-price transaction.
    • Assist the Head of Risk Management in the pre-signing/pre-disbursement due diligence of facilities.
    • Input of facility data upon signing/activation/amendment/deletion of credit lines in all systems (including any monitoring worksheets).
    • Assist the Head of Risk Management to organize and conduct the assigned risk related committees, e.g., MALCO, CRMC and others. 
    • Organize and keep updated internal bank rules and regulatory matters relating to Risk Management, to be shared with Head of Department and relevant stakeholders, including the branch Management.
    • Assist the Head of Risk Management in the credit portfolio monitoring activities and provide support for other credit risk and credit middle office related matters that are assigned by the Department Head.
    • Organize and keep updated the important documents held in the department and vaults. 
    • Assist the Head of Risk Management in the implementation of the Global Control Self Assessment (GCSA) for the Riyadh Branch and the ongoing Operational Risk Assessment processes including IBM Open Pages.
    • Assist the Head of Risk Management in the analysis and approval process of New Products (NPA), giving a Risk Management perspective. 
    • Serve as the back-up to the Head of Risk Management in his absence to carry out all the relevant risk management tasks and as directed by the Deputy Head of Riyadh Branch. 
    Skills and Qualifications:
    • University Degree (or equivalent) 
    • Previous risk management experience in foreign exchange/money market business of a financial organization within the KSA/GCC and / or 
    • Previous work experience in Treasury Middle Office and Credit Risk Middle Office operation of a financial organization within the KSA/GCC  Functional
    • An excellent understanding of a broad spectrum of Risk categories – including but not limited to: credit risk, market risk, liquidity risk, operational risk, accounting/tax Skilled use of typical office software, especially Microsoft Excel 
    • Experience of Temenos - T24 will be considered a plus Behavioral