Risk Oversight Specialist

3 days ago


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

About This Opportunity

The Islamic Development Bank invites applications from qualified candidates for the position of Risk Management Officer. As a key member of our team, you will be responsible for establishing and maintaining high oversight mechanism standards on Investment, Treasury, and Project Operations Financing portfolios.

About Key Accountabilities

The successful candidate will:

  • Support the independent valuation function on OCR and other funds.
  • Monitor the security and collateral/guarantees valuations and the Loan to Value (LTV) ratio on a periodic basis.
  • Provide support in developing robust tools to ensure data integrity, reconciliation for consistency across the systems and the Bank financial statements; and assist in establishing a series of regular reports (on performance, risk, and compliance) on Bank-wide portfolios (Investments, Treasury, and Operations).
  • Maintenance and custody of risk management master data and ensure unique identification for obligor across all relevant systems.
  • Ensure that the relevant IsDB databases are accurately and timely updated.
  • Propose and implement process improvements to increase efficiency, effectiveness, and compliance of the related operations.
  • Contribute to the automation of the CMO process for time-saving and minimizing operational risks.
About Qualifications

The ideal candidate will possess:

  • Bachelor's degree in Economics/Finance/Risk Management/Mathematics/Business Administration or related discipline.
  • Minimum 3 years of relevant experience in the Banking industry.


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