Risk Management Officer

2 weeks ago


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

Support in establishing and maintaining high oversight mechanism standards on the Investment, Treasury and Project Operations Financing portfolios of the Bank to keep a watchful eye on the performance, risk, and compliance. This is achieved through (a) effective monitoring and reporting process in close coordination with the relevant stakeholders, (b) robust internal control practices for proper fiduciary and risk oversight, and (c) smooth, streamlined, and well-designed processes to proactively manage risks including quality assurance, systems and tools, monitoring & data, and proper reconciliation with the Bank's financials. The incumbent shall possess strong IT skills and the ability to work with databases and files to ensure that a solid foundation of consistent data is in place and contribute to developing robust reconciliation, monitoring, and reporting tools.

Key Accountabilities

Corporate Middle Office (CMO)

  1. Support the independent valuation function on OCR and other funds.
  2. Monitor the security and collateral/guarantees valuations and the Loan to Value (LTV) ratio on a periodic basis.
  3. Provide support in developing robust tools to ensure data integrity, reconciliation for consistency across the systems and the Bank financial statements; and assist in establishing a series of regular reports (on performance, risk, and compliance) on Bank-wide portfolios (Investments, Treasury, and Operations).
  4. Maintenance and custody of risk management master data and ensure unique identification for obligor across all relevant systems.
  5. Ensure that the relevant IsDB databases are accurately and timely updated.
  6. Propose and implement process improvements to increase efficiency, effectiveness, and compliance of the related operations.
  7. Contribute to the automation of the CMO process for time-saving and minimizing operational risks.
Academic and Professional Qualifications

Bachelor's degree in Economics/Finance/Risk Management/Mathematics/Business Administration or related discipline.

Minimum 3 years of relevant experience in the Banking industry.

Skills & Necessary Knowledge

Analytical Thinking.

Languages

French - Preferred.

About Application Process

If you meet the criteria and you are enthusiastic about the role, we would welcome your application. To complete the application, you would need the following document(s):

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