Title:  30001031

Job Information

Job Summary

The Operational Risk Officer assists the department manager to assure that operational risks management exposures are identified, measured and reported and, where necessary, mitigated, and provides analytical expertise for assessing the operational impact of strategies, initiatives, products, etc.

Duties & Responsibilities

Primary Duties & Responsibilities

•    Providing analytical support for various business strategies to ensure the organization’s goals are met; utilizing and adapting models and simulating scenarios to optimize business performance and manage strategic risk exposure.
•    Developing and optimizing risk strategies and credit guidelines that drive company growth while ensuring that company operates within boundaries of acceptable risk.
•    Assisting in maintaining a professional risk control environment that is conducted within risk limits, processes, and standards set for regulatory and operational risks of the company. 
•    Assessing the risk control structures, note any weaknesses and, finally, give their report to management within the company.
•    Provide consultancy on risks for new products that the company is about to launch, and for markets it is about to enter.
•    Hedging instruments that offer an insurance against financial loss.
•    Develop processes that mitigate risk and develop risk management policies that are applicable across the whole organization.
•    Ensuring the company's compliance with all relevant laws, regulations and guidelines.
•    Performing and other relative tasks might be requested by direct manager.
•    Raising awareness about managing risks and the risk management process throughout the company.
 

Communication Channel

Internal Communication

•    Provides technical support to the business units with respect to risk management and check that the Risk Management Policy is properly implemented.
•    Coordinates with other departments to provide risk information as part of the communication process to external stakeholders under normal circumstances and in crisis situations. Such communication shall be part of the Corporate Communication Policy.
•    Provides periodically reports to Risk Manager and business units and attend meetings when it needed. 
•    Shares risk assessment findings with related parties in order to use them to formulate the audit plan.
 

External Communication

• Coordinates with external auditors to discuss risks mentioned in its management letter and risk management framework prepared by risk management department.

Education

Requirements

•    Master's degree, MBA, or professional certificate in the financial risk management is favorable.
•    5 years proven experience and 3 of them in financial risk field.

•    Fluent in Arabic and English languages.
•    Ability to analyze and interpret large volumes of complex data.
•    Ability to understand and interpret operational information and business environment.
•    Ability to motivate and influence others, including those who are in more senior positions.
•    Excellent in MS Office.
 

Competencies

Key Performance Indicators

1.    Participating in preparing 30% of Risk Management Charter and adapting it from audit committee.
2.    Participating in 30% of preparing and adapting Risk Management Procedures.
3.    Participating in preparing for 4 workshop awareness about risk management to entire company.
4.    Participating in preparing two financial risks analysis reports to the management.
5.    Participating in evaluating and preparing corporate controls and risks matrix for the company as a general.