Title: Senior Manager – Enterprise Risk ManagementLocation: Riyadh, Saudi Arabia
About the ClientOur client, a leading financial institution in Saudi Arabia, is seeking a Senior Manager, ERM to join their Enterprise Risk Management team. The role will focus on strengthening the bank’s enterprise-wide risk framework, ensuring alignment with regulatory expectations and international best practices.
Key Responsibilities • Lead the design, implementation, and continuous enhancement of the Enterprise Risk Management framework across the bank. • Develop and maintain risk methodologies related to capital adequacy, ICAAP, ILAAP, stress testing, and risk appetite. • Oversee risk identification, assessment, monitoring, and reporting processes to ensure effective enterprise-wide risk oversight. • Support the enhancement of policies, procedures, and governance structures related to enterprise risk. • Lead risk assessment and scenario analysis projects to inform strategic decision-making and capital planning. • Ensure compliance with SAMA regulations and internal risk governance standards. • Coordinate the preparation of Board and senior management reports, providing insights on emerging risks and control effectiveness. • Manage and mentor a small team of risk professionals, promoting a proactive risk culture across business units.
Key Requirements • 5–8 years of experience in enterprise or risk management within banking or financial services. • Strong understanding of regulatory frameworks, including SAMA ERM, ICAAP, ILAAP, and Basel requirements. • Proven track record in capital adequacy assessment, stress testing, and risk appetite setting. • Excellent analytical and quantitative skills with the ability to translate complex risk data into actionable insights. • Strong leadership, communication, and stakeholder management skills. • Bachelor’s degree in Finance, Risk Management, Economics, or a related field; a professional certification (FRM, CFA, PRM, etc.) is an advantage.
