Lead Principal, Operational Risk Management

2 weeks ago

Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank Full time
IDB3307 - Lead Principal, Operational Risk Management (ICD)

Business Unit: ICD - Islamic Corporation for Development

Division: Financial & Operational Risk Management (ICD)

Role Purpose:

Assist in the implementation of the ORM framework including preparing related policies and procedures, engaging business units in identification and assessment of risks in the business processes , assessment of controls instituted to mitigate those risks, working with business units to strengthen controls, monitoring operational risks, analyzing incidents, and identifying Key Risk Indicators (KRIs) for inclusion in the risk dashboard.

Assist in the implementation of the COSO Integrated Internal Control framework by mapping out financial statement processes, identifying inherent risks, and ensuring that adequate controls are put in place to mitigate those risks, and that controls are tested periodically to ensure that they are operating effectively. This will provide the basis on which external auditors will certify the effectiveness of internal controls over financial reporting as part of the yearly audit of the financial statements of the ICD.

Key Functional Accountabilities and Activities:

Assist in planning, managing, and providing ongoing support for the implementation of the Bank's operational risk management framework;

Assist in providing guidance and support to business and support units to ensure the successful management, identification, measurement and monitoring of the bank's operational risk;

Facilitate Risk and Control Self-Assessment (RCSAs) workshops for business units within the Bank, working with them to identify and monitor relevant Key Risk Indicators;

Assist business units in developing Key Risk Indicators (KRI) for all key risks in the business and creation and reporting of KRI including thresholds in in the risk dashboard;

Follow up with business units to design and implement controls and action plans that mitigate operational risks, thereby ensuring the effective running of the Bank's business;

Analyze operational risk incidents;

Prepare operational risk reports to management;

Any other related activity.

Assist in designing and preparing the Bank's annual internal control work program using the COSO internal control framework and the Control Self-Assessment (CSA) process;

Assist in periodic risk assessment exercise which identifies key financial statement processes, key risks embedded in those processes and key controls mitigating those risks, as a basis for designing annual control test plans and remediation plans;

Champion the update of internal control documentation, perform walkthrough of controls and test key controls as part of the annual internal control attestation process;

Design risk and control matrix for key business processes based on which a risk assessment exercise is conducted to determine key controls to be periodically tested;

Use designed test scripts to test key controls identified during the risk assessment exercise and compile results of periodic tests of controls, working with business units to remediate ineffective controls;

Report on the periodic review of control effectiveness by business units throughout the Bank and monitor the completion of internal control enhancement plans by organizational units throughout the Bank;

Liaise with external auditors in certifying the effectiveness of the Bank's internal controls over financial reporting as part of the annual audit of the Bank's financial statements;

Any other related activity.

Qualifications/ Professional Experience:

At least 8 years of hands-on experience in operational risk management functions in banking environment / financial institutions/multilateral development banks.

Bachelor's degree in Business Administration, Finance, Mathematics / Statistics, Accounting, Physics, Computer Science, etc. or any related field is a must.

Master's degree in Business Administration, Finance, Accounting or any other relevant discipline or a relevant Professional Certification such as membership of an internationally recognized professional accounting body e. g. CA, CPA, ACCA, CIA, CISA.

Professional risk management certifications or any relevant professional certification would be considered additional qualification in addition to practical experience.

Strong demonstrated experience in handling operational risk management as well as technical accounting and financial reporting issues.

Team work and interpersonal relations, Responsiveness and timeliness, Communication,Client Orientation and Problem solving.

Ability to work with little or no supervision in a multi-cultural environment and build effective working relations with clients and colleagues.

Ability to operate effectively in a demanding environment with tight deadlines, both with clients as with team members, requiring significant influence skills

Core Behavioral:

Innovation and Initiatives

Change Management

Developing People Capability

Partnership Management

Strategic Thinking

Quantitative Analysis

IT and Data Management

Incident Investigation & Root Cause Analysis

Regulatory Knowledge

Language Skills:

Capable of communicating in any of the working languages (Arabic, English and French) of which English is a must, whereas Arabic and/or French is a plus.

#J-18808-Ljbffr

  • Lead Principal, Operational Risk Management

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank Full time

    Role Purpose Assist in the implementation of the ORM framework including preparing related policies and procedures, engaging business units in identification and assessment of risks in the business processes, assessment of controls instituted to mitigate those risks, working with business units to strengthen controls, monitoring operational risks, analyzing...

  • Lead Risk Analytics Specialist

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank Full time

    Business Unit: Finance & CFO Division: Financial Planning & Asset Liability Management Job Purpose: Lead the quantitative analytical functions for the Finance Complex on financial sustainability and projections analyses, credit rating analyses, Sovereign pricing, performance measurements, benchmarking and for the management of balance sheet and...

  • Lead Risk Analytics Specialist

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank Full time

    Job PurposeLead the quantitative analytical functions for the Finance Complex on financial sustainability and projections analyses, credit rating analyses, Sovereign pricing, performance measurements, benchmarking and for the management of balance sheet and asset-liability management. This entails being the focal point for the development of quantitative...

  • Lead Risk Analytics Specialist

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank Full time

    Role PurposeLead the quantitative analytical functions for the Finance Complex on financial sustainability and projections analyses, credit rating analyses, Sovereign pricing, performance measurements, benchmarking and for the management of balance sheet and asset-liability management. This entails being the focal point for the development of quantitative...

  • Risk Operations

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Bupa Arabia Full time

    Role Purpose:To facilitate the risk assessment (identification, measurement and prioritization) process on a regular basis while documenting and maintaining the results of risk management activities to put in place action plans to mitigate risks.Accountabilities:1- Bupa Arabia Risk Management Framework; Oversee, review and maintain the Risk Management...

  • Principal - Credit Risk Management (Icd)

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank Full time

    Role PurposeTo help in developing end to end credit approval process, implement credit risk models and methodologies for determining exposure limits for all counterparts and providing broad risk parameters pertaining to other risk variables.Key Functional Accountabilities & ActivitiesCredit Risk Assessment: Assess the risk of all new financing and advisory...

  • Lead Cyber Risk Management Specialist

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank Full time

    Business Unit: President Complex Division: Not Applicable Job Purpose: The aim is to supervise and guarantee the implementation and embrace of the Cyber Risk framework throughout IsDB. This role involves wielding the authority of the second line of defense at a corporate level to handle cyber and information security risks. The key tasks include...

  • Risk Manager

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Parsons Full time

    Parsons is looking for an amazingly talented Risk Manager to join our team:SPECIFIC RESPONSIBILITIES:- Develops and implements the program risk management plans:- Develops Standard operating procedures for the risk management of the program and ensure that QIP delivers operational consistency across the program:- Provides outreach oversight and provides...

  • Manager - Risk Management

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Parsons Full time

    Parsons is seeking a highly skilled Manager - Risk management to join our team to support our client on the construction of a state-of-the-art Oceanarium. The Manager - Risk Management will be responsible for identifying potential risks, developing strategies to minimize their impact, and ensuring that risk management processes are implemented effectively...

  • Risk Management Specialist

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank Full time

    Business Unit: President Complex Division: Not Applicable Job Purpose: Job Purpose: The role contributes to the quantitative portfolio risk assessment function for the Risk Management Department by quantifying the Bank risk appetite metrics, measuring and monitoring the Bank risk profile in order to safeguard IsDB interests. The role also entails...

  • Risk Management Specialist

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank Full time

    Job PurposeThe role contributes to the quantitative portfolio risk assessment function for the Risk Management Department by quantifying the Bank risk appetite metrics, measuring and monitoring the Bank risk profile in order to safeguard IsDB interests. The role also entails providing the required analytical support in the development of enterprise-wide...

  • Risk Manager

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Redfish Solutions Full time

    Leading international consultancy Long term role Great opportunityA leading international construction consulttancy is seeking an experienced Risk Manager to join their team in Medina - Saudi Arabia. This role offers an exciting opportunity to contribute to the success of high-profile hospitality projects and ensure effective risk management throughout the...

  • Principal - Female

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Parkhouse Bell Full time

    Our client is a world leading provider of education services with have an enviable list of major companies as their clients.As part of the growth strategy in the Middle East, Parkhouse Bell is recruiting several senior management and leadership positions for new colleges in Saudi Arabia.Reporting to the Regional Director, you will be responsible for the...

  • Risk Manager

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia proven Full time

    The Risk Manager is responsible for managing the risk of theorganization, its employees, customers, reputation, assets, and stakeholders'interests. He will work in various sectors and may specialize in several areas,including enterprise risk, corporate governance, regulatory and operationalrisk, business continuity, information and security risk, technology...

  • Governance, Risk,

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia AlBorg Diagnostics Full time

    Al Borg Diagnostics, a leading provider of diagnostic health services in Saudi Arabia, is seeking a skilled and experienced Governance, Risk, & Compliance Director to join our team. As our Governance, Risk, & Compliance Director, you will play a critical role in ensuring that our operations are conducted in compliance with legal and regulatory requirements...

  • Manager - Risk Management

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Parsons Full time

    Key Responsibilities: Identify potential risks and opportunities associated with the project, including technical, financial, operational, environmental, and regulatory risks. Evaluate the likelihood and potential impact of identified risks on project objectives, utilizing quantitative and qualitative risk assessment techniques. Develop comprehensive risk...

  • Risk Management Associate

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Panda Company Full time

    Risk Management AssociateJob DescriptionOPERATIONAL Conduct detailed data analysis to identify and assess potential risks within the grocery retail sector. Assist in the development and maintenance of risk registers, working closely with the risk managers. Work on project and major strategic initiatives and provide diligent risk assessments Follow up on...

  • Risk Management Associate

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Azizia Panda United Inc. Full time

    OPERATIONALConduct detailed data analysis to identify and assess potential risks within the grocery retail sector. Assist in the development and maintenance of risk registers, working closely with the risk managers. Work on project and major strategic initiatives and provide diligent risk assessments Follow up on controls and tasks implementation and...

  • Senior Risk Management Specialist

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank Full time

    Job PurposeThe purpose of the job is to manage the implementation and execution of the bank's model risk management framework. This includes participating in the implementation of model risk management policies and procedures, performing ongoing model risk monitoring, undertaking model validation, identifying & reporting on model risk, and maintaining a...

  • Risk Management Specialist

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank Full time

    JOB PURPOSE:Support formulation of Bank-wide Valuation Policy on assets and security collaterals in OCR and other funds. Perform independent valuation function and provide guidance on impairments. Ensure adherence to the investment policies in the respective fund portfolios as managed/administered by Investment Department. Performance monitoring from risk,...