Risk Manager - KSA National

Job description / Role

Risk Manager - KSA National / Financial Services

My client, an innovative independent investment firm located in Riyadh, is looking for a Risk manager (KSA National) to join their business. The candidate should have experience in, and knowledge of the latest developments in risk management tools/software, statistical modelling and ICAAP/IFRS 9 or pillar III disclosures.

Client Details

Risk Manager - KSA National / Financial Services / Riyadh

My client, an independent investment company, based in Riyadh, focuses on empowering individual investors and helps them grow their portfolio by offering innovative engagement options, for example by having the most independent, convenient and cost-effective way for average investors to put their money to work.

They are an established entity in the Kingdom and have built operates the first mutual fund supermarket in Saudi Arabia and the Middle East, which provides a great opportunity.

As well as a top tier financial services company, my client is a pioneer in the market in terms of IT. They offer the first seamlessly integrated platform to trade in Saudi Arabia, providing more than 80% of its services online.

The company culture is dynamic, warm and informal, offering growth opportunities and investment in their employees by offering fast promotions and competitive benefits packages.

Description

Risk Manager - KSA National

Key responsibilities are:

* Ensure that the organisation has best-practice risk management policies and procedures
* Develop/Review/Recommend Risk Management Methodologies
* Timely and accurate identification of Market Risk by analysing the balance sheet to ensure all market/liquidity risks are identified and understood and calculate VaR for trading finance fund, and discretionary portfolios.
* Compliance by monitoring daily transactions and ensure compliance with Prudential's regulations, companies' strategies, and the companies' policy in the area of risk
* Reporting by generating system reports (e.g. gap reports, VaR etc) to assist with the oversight of market risk exposure and analyse generated reports to identify and measure risk
* Internal Communication / Creating Awareness
* Develop Risk Assessment Systems by evaluating operational risk systems and risk/rating models when required to evaluate suitability for the firm and define and update the companies' internal Key Risk Indicators (KRIs).
* Risk Management Models i.e. knowledge of various risk management models i.e. scorecard based or statistical models for risk calculations, VAR and IFRS 9 calculation model and assumptions.

Job Offer

Risk Manager - KSA National

An exciting opportunity offering a competitive package for the right candidate to make their next career move.

Requirements

Risk Manager - KSA National

The successful candidate should have:

* Minimum of 4+ years' work experience in a relevant field (ideally with Masters degree), within the Risk Management, Internal Controls department in a financial institution
* Knowledge of the latest developments in risk management tools and software applications, and credit / investment products.
* Knowledge of statistical modelling and IFRS 9, ICAAP, and pillar III disclosures.
* In depth knowledge of requirements of CMA.
* Bachelor's degree in a quantitative or analytical field such as Economics, Engineering, Mathematics or Statistics. Graduate degree in Mathematics or Statistics preferred
* KSA National

About the Company

Michael Page is one of the world's leading professional recruitment consultancies, specializing in the placement of candidates in permanent, contract, temporary and interim positions with clients around the world.

The Group has operations in the UK, Continental Europe, Asia-Pacific and the Americas. In the Middle East we focus on the areas of:

Finance & Accounting Banking & Financial Services Procurement Property & Construction Engineering & Supply Chain Oil & Gas Technical and Engineering Human Resources Sales Marketing Technology Secretarial Executive Search Legal

The Group operates through 161 offices in 33 countries and employs over 5,000 employees worldwide.