Head of Risk

3 days ago


Riyadh, Saudi Arabia Tap Payments Full time

**Key Responsibilities**:

- Ultimately responsibility for overall risk management, and ensuring compliance with regulations, good practices by regulators and other relevant prudential requirements applicable.
- Assisting the CEO & Group CRO to build the newly established unit and expected to harness a strong Risk governance framework in KSA.
- Providing robust independent oversight and monitoring of counterparty, Operational, Fraud, and IT risk.
- Developing and implementing integrated risk management strategy; framework and control system to ensure the operation within an agreed risk appetite and compliance with internal policy and external regulatory obligations.
- Work closely with the Group Risk Management units to ensure the Group methodologies, policies, procedures and limit frameworks are established in KSA.
- Finding the right balance of managing robust systems and controls, with enabling business goals.
- Lead the management of change through continuous improvement of functional systems, processes and practices considering global standards and changes in the business environment which demand proactive action plans.
- Building and maintaining effective controls, incident response and management thereof.
- Establishing and maintaining relationships with risk owners in other areas.
- Maintaining strong relationships with other leadership roles, as well as with the leadership team, globally
- Staying abreast of legislative, regulatory and corporate governance developments that might affect operations.
- Other duties, as assigned based on the demands of the business and growth of the role.

**Background & Experience**:

- Experience relevant (>10 years) for leading a risk function in a regulated financial institution or in an international setting (e-money or payment services provider are a plus).
- Experience with enterprise risk management with emphasis on: Operational Risk, Fraud risk management, Business Continuity Management, Internal controls, IT risk, Cybersecurity risk, Internal controls, Quality controls, Fulfilment of regulatory requirement.
- Experience in leading a risk function, motivating team members, syndicating, and championing the importance of risk management as an enabler of sustainable business growth.
- Strong experience in tools and standards in identifying, assessment, mitigating, monitoring, and reporting of risks at the enterprise level.
- Have experience in conducting risk and control assessment, business impact analysis, root case analysis, defining KRI, assessing products, incident management and investigation, building anti-fraud scenarios, data analysis, and stress testing.
- Have experience in building and working with risk solutions.
- Strong understanding of regulatory requirements related to risk and exposure to having worked with regulatory organizations.
- Great communicator, quick thinker and confident in decision making.

Tap is a rapidly growing payment services business, expanding internationally at an extraordinary pace. We are hiring only the best executives with an eagerness to work with a high-performing global team of professionals with one common goal: Making payments easy, quick and secure for our clients all around the world.

Are you ready?


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