Senior Risk Management Specialist

4 weeks ago


Jeddah, Saudi Arabia Islamic Development Bank Full time

Job Purpose

The 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 model inventory.

Key Accountabilities
- Formulate and quantify model risk appetite.
- Develop and maintain the Model Risk Management policy, management directives, procedures, and guidelines.
- Maintain and updated the model risk monitoring tools, systems, and methodologies to ensure on-going quality of model risk management processes.
- Independently review financial and risk models in use by the Bank and periodically perform independent model validation of these models.
- Perform independent model risk assessment and model performance monitoring in accordance with the defined model risk appetite and the pre-defined model performance targets.
- Review model development and re-development/re-calibration proposals from model owners.
- Perform periodic procedural compliance on model development and management process within the Bank along with review of adequacy and comprehensiveness of model documentation with the approved policy, directives and guidelines and highlight deviations with recommendations to achieve compliance.
- Undertake ongoing management of model tiering, perform model risk assessments, and maintain model inventory, model documentation, model performance reports and model validation reports.

**Operational Excellence & Knowledge Share**:

- Provide technical guidance and review the work delivered by less experienced team members.
- Monitor the effective implementation and adherence to respective risk management policies, procedures, and controls so that all relevant procedural / legislative requirements are fulfilled.
- Keep abreast of the latest developments, regulations and leading practices in the field and proposes any necessary actions.
- Propose and implement process improvements to increase efficiency, effectiveness, and compliance of the related operations.

Academic and professional qualifications
- Bachelor's Degree in a Quantitative Science (Finance, Economics, Mathematics, Statistics, Actuarial Science, Financial Engineering or similar).
- Professional certifications like CFA/ PRM/ FRM/ CQF would be preferred.
- Advanced programming skills using statistical/mathematical software.
- Proficiency in SAS, MATLAB, R, Python, VB or other statistical modeling. Software and database management languages such as SQL Database.
- Minimum 8 years of relevant experience in a financial modelling or risk management function, of which at least 3 years in Model Risk, preferably in a Multilateral Development Bank.

Skills & Necessary Knowledge
- Risk Assessment and Risk Quantification skills
- Quantitative Analytical skills
- Asset Valuation Techniques
- Familiarity with External Rating Methodologies
- Governance, Risk and control
- Islamic Finance
- Stress Testing
- Analytical Thinking
- Problem Solving
- Attention to detail.
- Stakeholder Management
- MS Office


  • Risk Manager

    4 weeks ago


    Jeddah, Saudi Arabia Redfish Solutions Full time

    Full-time Opportunity - Major international consultant - Excellent Carer Growth Opportunity **A successful **risk manager **will have**: - Minimum 12 years’ experience in risk management or PMC with a risk management emphasis. - Educated to at least a bachelors level, although a masters is preferred in engineering or a related field. - Able to lead...

  • Senior Risk Manager

    2 weeks ago


    Jeddah, Saudi Arabia Parsons Full time

    **Be Part of a Global Firm Committed to a Sustainable World** **Senior Risk Manager** **Jeddah, Kingdom of Saudi Arabia** Parsons’ engineering and construction management staff members create innovative, safe, and sustainable infrastructure in the Kingdom of Saudi Arabia, the United Arab Emirates, Qatar, Oman, Bahrain, and Kuwait. We deliver rail,...

  • Senior Manager

    4 weeks ago


    Jeddah, Saudi Arabia Parsons Full time

    Parsons is seeking a highly skilled **Senior Manager - Risk management **to join our team to support our client. In this role you will be responsible for identifying potential risks, developing strategies to minimize their impact, and ensuring that risk management processes are implemented effectively throughout various projects lifecycle. **“What...

  • Senior Specialist

    4 weeks ago


    Jeddah, Makkah Province, Saudi Arabia Parsons Corporation Full time

    Job Description:Parsons is looking for a Senior Specialist - Civil (Waterproofing) to play a key role in constructing an Oceanarium, ensuring all civil structures are effectively waterproofed to withstand the challenges of housing marine life. The Senior Specialist will collaborate with architects, structural engineers, and contractors to implement...

  • Senior Specialist

    1 month ago


    Jeddah, Makkah Province, Saudi Arabia Parsons Corporation Full time

    Job Description:Parsons is looking for a Senior Specialist - Civil (Waterproofing) to play a key role in constructing an Oceanarium, ensuring all civil structures are effectively waterproofed to withstand the challenges of housing marine life. The Senior Specialist will collaborate with architects, structural engineers, and contractors to implement...


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

    Role PurposeThe purpose of the job is: (i) To independently undertake all necessary activities in the formulation and quantification of market and liquidity risk Appetite and maintain, implement, and monitor the Asset-Liability Management Framework to ensure all emerging and evolving risks which may impact the Bank's external credit rating are identified....


  • Jeddah, Saudi Arabia Islamic Development Bank Full time

    JOB PURPOSE: In collaboration with the Manager and Lead, the role is responsible for formulating and quantifying the Bank risk appetite metrics, measuring the Bank risk profile, and recommending any necessary corrective actions. The role contributes to the development of enterprise-wide quantitative risk measurement models, methodologies, and techniques such...


  • 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 Manager

    4 weeks ago


    Jeddah, 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...

  • Risk Management

    4 weeks ago


    Jeddah, Saudi Arabia Bupa Arabia Full time

    The Senior Executive Manager - Risk Management will manage risk management practices across Bupa Arabia and oversee the principles underpinning a robust and continuous Risk Management Framework in line with the Boards’ Risk Appetite by designing, building and operating a robust foundation to identify and understand the current and emerging risks to Bupa...

  • 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...


  • Jeddah, Saudi Arabia Islamic Development Bank Full time

    Role Purpose The purpose of the job is: (i) To independently undertake all necessary activities in the formulation and quantification of market and liquidity risk Appetite and maintain, implement, and monitor the Asset-Liability Management Framework to ensure all emerging and evolving risks which may impact the Bank’s external credit rating are...

  • 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...


  • 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...


  • 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...


  • Jeddah, Saudi Arabia Islamic Development Bank Full time

    JOB PURPOSE: In collaboration with the Lead, undertake independent risk assessments of counterparts such as Member Countries, Financial Institutions, corporations and project finance obligors, pertaining to IsDB’s financing operations, investment activities and Treasury operations, in order to determine the exposure limits for these counterparts, as well...


  • Jeddah, Saudi Arabia Islamic Development Bank Full time

    SECTION I: JOB PURPOSE This role is responsible for assisting in the evaluation of trade finance proposals at ITFC with a view to identifying the associated credit risks and recommending mitigating measures to its line management. SECTION II: KEY RESPONSIBILITIES - Conduct a thorough evaluation of all financing proposals received from Trade Solutions...


  • 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,...


  • Jeddah, Makkah Province, Saudi Arabia Cruise Saudi Full time

    Title: Senior Specialist, Information Security Location: Jeddah, Makkah, Saudi Arabia Description: About Cruise SaudiCruise Saudi, launched in 2021 and wholly owned by the Public Investment Fund, aims to enhance Saudi Arabia's cruise industry from port development to full-scale operations, striving to position KSA as a top global cruise destination.Job...


  • Jeddah, Saudi Arabia Islamic Development Bank Full time

    SECTION I: JOB PURPOSE This role is responsible for developing and institutionalizing policies, directives and procedures to manage credit and market risks at ITFC optimally and to safeguard ITFC interests. This role strives to build a risk management mindset by building awareness around the stipulated policies and driving adherence across the organization....