Risk Management Specialist

5 days ago

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

Oversee the Bank activities including investment, treasury and project operations financing portfolios to identify gaps and provide a macro view of the financial, compliance, and risk status of the overall Bank's portfolio. 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.

Key Accountabilities

Corporate Middle Office (CMO):

  1. Support formulation and maintenance of Bank-wide Valuation Policy on assets and security collaterals in line with the best business practices.
  2. Perform the independent valuation function on OCR and other funds.
  3. Coordinate with the Financial Control Department in finalization of quarterly valuation and impairment for financial statements and ensure proper reconciliation of the NAV reported in the Bank's financials with the actual investments data (including those provided by the custodians for the managed accounts under EFM; i.e. External Funds Managers).
  4. Ensure regular monitoring of security and collateral / guarantees valuations and the Loan to Value (LTV) ratio on a periodic basis.
  5. Ensure adherence for the funds managed/administered by Investment Department to the applicable and relevant investment policies.
  6. Perform the performance, risk and compliance monitoring and reporting activities on Bank-wide investment (mainly Equity, Managed Accounts under EFM, PE Funds), project operations (mainly project financing extended to the Bank's member-countries) and Treasury (Liquidity Management).
  7. Ensure Pre-Trade and Post Trade Investment Compliance checks are performed on non-Treasury Investments.
  8. Perform detailed and comprehensive reporting on a periodic as well as adhoc basis.
  9. Perform execution of IFRS-9 Expected Credit Loss models for quarterly reporting and analytics and provide assistance to Financial Control Department for impairment and provisioning calculations for all financing and investment operations.
  10. Ensure maintenance and custody of risk management master data and ensure unique identification for obligor across all relevant systems.

Operational Excellence and Support:

  1. Ensure that the relevant IsDB databases are accurately and timely updated.
  2. Propose and implement process improvements to increase efficiency, effectiveness and compliance of the related operations.
Academic and Professional Qualifications

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

Professional certifications like CFA/PRM/FRM/CQF or equivalent is preferred.

Minimum 5 years of relevant experience in Risk Management Function, of which at least 2 years in Investment oversight, Market Risk, Control, Monitoring and Reporting, preferably in a Multilateral Development Bank or a Multinational Bank.

Skills & Necessary Knowledge
  1. Governance, Risk and Control, Attention to detail.
  2. Analytical Thinking.
  3. Problem Solving.
  4. Sound understanding of Accounting principles (IFRS).
  5. Ability to read and understand financial statements.
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):

#J-18808-Ljbffr

  • Risk Management Specialist

    5 days ago

    Jeddah, Makkah Province, Saudi Arabia iENGINEERING (Private) Limited Full time

    We are seeking a highly skilled Risk Management Specialist to join our team at iENGINEERING (Private) Limited.About the RoleThe ideal candidate will have a strong background in risk management with a focus on health, safety, and environment.Key ResponsibilitiesDeveloping and implementing effective risk assessments and job safety analyses is crucial for this...

  • Risk Management Specialist

    5 days ago

    Jeddah, Makkah Province, Saudi Arabia Catrion Full time

    About the PositionWe are seeking a highly skilled and experienced Risk Management Specialist to join our team as a Senior Manager, QHSE. In this role, you will be responsible for identifying and mitigating risks associated with our QHSE systems, developing and implementing strategies to improve our QHSE performance, and ensuring compliance with company...

  • Operational Risk Management Specialist

    5 days ago

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

    Job DescriptionThe Islamic Development Bank is seeking a highly skilled Operational Risk Management Specialist to join our team. This role will be responsible for assisting in the implementation of the Operational Risk Management (ORM) framework, including preparing related policies and procedures.Key responsibilities include:Assisting in planning, managing,...

  • Disaster Risk Management Specialist

    5 days ago

    Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank (IsDB) Full time

    Job DescriptionThe Islamic Development Bank (IsDB) is seeking a highly skilled and experienced professional to fill the position of Senior Disaster Risk Management Specialist. The successful candidate will be responsible for providing specialized support and expertise to Country Operations Managers, Operational Team Leaders, Project Management Specialists,...

  • Compliance and Risk Specialist

    5 days ago

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

    The Islamic Development Bank is looking for a highly experienced Compliance and Risk Specialist to join its team. This individual will be responsible for ensuring the Bank's compliance with regulatory requirements and identifying potential risks associated with investments and operations.Key responsibilities include:Regulatory ComplianceLegal and Regulatory...

  • Risk Governance Manager

    5 days ago

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

    We are seeking an experienced cyber risk management specialist to join our team at the Islamic Development Bank.Job SummaryThis role involves overseeing the risks associated with IsDB's IT resources and information assets, developing systematic, analytical, and continuous risk management processes to ensure that risk identification, analysis, and mitigation...

  • Saudi Arabia Risk Management Specialist

    3 days ago

    Jeddah, Makkah Province, Saudi Arabia Job Solutions Full time

    We are seeking a highly motivated and experienced Risk Management Specialist to join our team in Saudi Arabia. As a Senior Health and Safety Executive, you will be responsible for developing and implementing effective risk management strategies to ensure the health and safety of our employees, contractors, and clients.ResponsibilitiesRisk Assessment and...

  • Manager Risk

    5 days ago

    Jeddah, Makkah Province, Saudi Arabia SAL Saudi Logistics Services Full time

    The Manager, HSE Risk & Intelligence is responsible for leading HSE risk management, investigations, and intelligence functions within SAL. This role ensures identification, assessment, and mitigation of health, safety, and environmental risks, supporting data-driven decision-making and continuous improvement. The position also oversees incident...

  • Risk Oversight Specialist

    5 days ago

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

    About the RoleWe are seeking a highly skilled Risk Oversight Specialist to join our team at the Islamic Development Bank. The successful candidate will be responsible for overseeing the bank's activities, including investment, treasury, and project operations financing portfolios. This will involve identifying gaps and providing a macro view of the...

  • Risk Management Specialist

    5 days ago

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

    Job DescriptionThe Islamic Development Bank seeks a seasoned professional to fill the role of Principal - Credit Risk Management. The successful candidate will be responsible for developing and implementing credit risk management strategies, assessing risk exposure, and ensuring compliance with bank-wide policies.About the RoleDevelop and implement credit...

  • Risk Based Cyber Security Specialist

    4 days ago

    Jeddah, Makkah Province, Saudi Arabia flyadeal Full time

    Job DescriptionFlyadeal is seeking a skilled Cyber Security Risk Specialist to join our team. The successful candidate will be responsible for identifying, assessing, and managing the organization's cybersecurity risks to protect its information and technology assets.Key ResponsibilitiesCybersecurity Risk Management: Manage the organization's cybersecurity...

  • Construction Risk Manager

    5 days ago

    Jeddah, Makkah Province, Saudi Arabia MS Shah Ghazi International Full time

    About the JobWe are seeking a qualified Safety Specialist to join our team at M/S Shah Ghazi International. The successful candidate will have a strong background in safety management, with a focus on construction and industrial environments.The ideal candidate will have experience working in Saudi Arabia or UAE, particularly in construction companies. They...

  • Disaster Risk Management Specialist

    7 days ago

    Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank (IsDB) Full time

    Job Purpose:The purpose of this role is to provide specialized support and expertise to Country Operations Managers, Operational Team Leaders (OTLs), Project Management Specialists, and Executing Agencies (EAs) in the Regional Hubs in identifying, mainstreaming, and monitoring disaster risk management and resilience (DRMR) in Bank operations during the...

  • Risk Management Advisor

    5 days ago

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

    The Islamic Development Bank is seeking a highly skilled Risk Management Specialist to oversee the Bank's activities, including investment, treasury, and project operations financing portfolios. The ideal candidate will have a strong understanding of risk management principles and be able to identify gaps in the current system.Key responsibilities...

  • Cyber Security Risk Management Expert

    4 days ago

    Jeddah, Makkah Province, Saudi Arabia flyadeal Full time

    Job OverviewFlyadeal is seeking a skilled Cyber Security Risk Specialist to join our team. In this role, you will be responsible for identifying, assessing, and managing the organization's cybersecurity risks to protect its information and technology assets.Key ResponsibilitiesCybersecurity Risk Identification: Effectively communicate cybersecurity risks and...

  • Workplace Risk Mitigator

    3 days ago

    Jeddah, Makkah Province, Saudi Arabia alfanar - Full time

    Senior EHS Specialist Job DescriptionWe are seeking a highly experienced Senior EHS Specialist to join our team at Alfanar. The Senior EHS Specialist will be responsible for developing and implementing a comprehensive EHS program that meets regulatory requirements and company standards.Key Responsibilities:EHS Program Development: Develop and implement a...

  • Risk Resilience Professional

    7 days ago

    Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank (IsDB) Full time

    Job Overview:We are seeking a highly skilled and experienced individual to join our team as a Senior Disaster Risk Management Specialist. The selected candidate will play a crucial role in supporting Country Operations Managers, Operational Team Leaders (OTLs), Project Management Specialists, and Executing Agencies (EAs) in the Regional Hubs in identifying,...

  • Project Cost Management Specialist

    23 hours ago

    Jeddah, Makkah Province, Saudi Arabia ARK Project Management Full time

    **Company Overview**ARK Project Management is a leading project management company that delivers high-quality projects with precise cost control. We are seeking a skilled Project Control Specialist to join our team.As a key member of our team, you will be responsible for supporting project managers in execution and control, developing and managing project...

  • Manager – Risk Management

    3 days ago

    Jeddah, Makkah Province, Saudi Arabia Parsons Full time

    In a world of possibilities, pursue one with endless opportunities. Imagine NextWhen it comes to what you want in your career, if you can imagine it, you can do it at Parsons. Imagine a career working with intelligent, diverse people sharing a common quest. Imagine a workplace where you can be yourself. Where you can thrive. Where you can find your next,...

  • Senior Risk Management Specialist

    5 days ago

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

    Oversee the Bank activities including investment, treasury, and project operations financing portfolios to identify gaps and provide a macro view of the financial, compliance, and risk status of the overall Bank's portfolio. This is achieved through (a) effective monitoring and reporting process in close coordination with the relevant stakeholders, (b)...