Risk Management Specialist

1 week ago


Riyadh, Ar Riyāḑ, Saudi Arabia Tharwah Full time

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Tharwah is a leading Saudi advisory company with four well-established business lines: Consultancy, Training and Development, Assessment, and Pro HR Service. We've proudly served hundreds of clients in both the government and private sectors, achieving thousands of successful transactions. In August 2024, we will make history as the first Saudi advisory company to be listed in the Saudi Parallel Market (نمو) with 15% of our shares going public.

As we expand our operations, we are seeking a Risk Management Specialist to join our dynamic team.

Job Purpose:

The Risk Management Specialist is responsible for identifying, assessing, and mitigating risks that could affect the organization's operations, assets, and reputation. The role involves implementing risk management frameworks, monitoring emerging risks, and collaborating with internal and external stakeholders to ensure the organization's resilience and sustainability.

Responsibilities:

  1. Develop, implement, and continuously improve risk management policies and frameworks to align with organizational objectives and regulatory requirements.
  2. Identify, analyze, and evaluate potential operational, financial, legal, and strategic risks that could impact the organization.
  3. Conduct regular and comprehensive risk assessments to prioritize and address critical vulnerabilities.
  4. Develop and execute effective risk mitigation plans and strategies to minimize or eliminate identified risks.
  5. Establish key risk indicators (KRIs) to monitor emerging risks and trends and prepare detailed risk reports with actionable insights and recommendations for senior leadership.
  6. Collaborate with internal departments to integrate risk management practices into operational workflows and decision-making processes.
  7. Ensure adherence to all applicable legal and regulatory requirements related to risk management and compliance, and act as the primary liaison with external auditors and regulatory bodies during audits or reviews.
  8. Maintain an up-to-date and comprehensive risk register, documenting all risk-related activities, assessments, and outcomes.
  9. Serve as the primary contact for stakeholders, including internal teams, external auditors, regulators, and consultants, on risk-related matters.
  10. Provide regular updates to senior leadership on risk management initiatives, key risks, and the effectiveness of mitigation strategies.

Required Qualifications & Experience:

  1. Bachelor's degree in Risk Management, Business Administration, Finance, or a related field.
  2. 3-5 years of experience in risk management, compliance, or related fields.
  3. Proven experience conducting risk assessments and implementing mitigation strategies.
  4. Preferred to have advanced certificates in Risk Management.
Seniority level

Associate

Employment type

Full-time

Job function

Consulting and Management

Industries

Human Resources Services

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