Risk Oversight Specialist

6 days ago


Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank Full time
About the Role

We 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 financial, compliance, and risk status of the overall bank's portfolio.

The ideal candidate will possess proven analytical skills and sound understanding of Risk Management, Compliance and Internal Control best practices. They will play a key oversight role on the bank's Investments, Treasury and Projects Financing Operations to ensure data completeness and accuracy for timely production of the financial statements, proper assets safeguarding, and compliance while contributing to maintaining high standards of client service as a Multilateral Development Bank.

Key Responsibilities
  1. Lead the development of an effective valuation framework for assets and security collaterals in accordance with industry best practices.
  2. Develop and maintain robust internal controls to ensure accurate and timely reporting of investment portfolio performance.
  3. Work closely with stakeholders to design and implement efficient processes for managing risk and ensuring compliance with regulatory requirements.
  4. Provide technical guidance and support to team members to ensure effective implementation of risk management policies and procedures.
  5. Maintain accurate records of investment portfolio transactions and perform regular reconciliations to ensure data integrity.


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