Risk Management Advisor

6 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 include:

  • Corporate Middle Office (CMO) Functions
    • Valuation Policy Support
  1. Support the formulation and maintenance of the Bank-wide Valuation Policy on assets and security collaterals.
Independent Valuation Function
  1. Perform independent valuations on OCR and other funds.
Quarterly Valuation and Impairment Coordination
  1. Coordinate with the Financial Control Department to finalize quarterly valuation and impairment for financial statements.
Security and Collateral Valuation Monitoring
  1. Regularly monitor security and collateral/guarantees valuations and Loan-to-Value (LTV) ratios.
Funds Adherence and Compliance
  1. Ensure adherence to applicable and relevant investment policies for funds managed/administered by the Investment Department.
Performance, Risk, and Compliance Monitoring
  1. Perform performance, risk, and compliance monitoring and reporting activities on Bank-wide investments, project operations, and Treasury.
Operational Excellence and Support
  • IsDB Database Updates
  1. Ensure accurate and timely updates to relevant IsDB databases.
Process Improvements
  1. Propose and implement process improvements to increase efficiency, effectiveness, and compliance of related operations.


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