Risk Management Professional

3 weeks ago

Medina, Al Madīnah al Munawwarah, Saudi Arabia University of Prince Mugrin Full time
Job Summary

We are seeking a highly skilled Risk Management Professional to join our team at the University of Prince Mugrin. The successful candidate will be responsible for developing and implementing a comprehensive risk management program to ensure the safety and security of our students, staff, and assets.

Key Responsibilities
  • Risk Identification and Assessment
    • Conduct regular risk assessments across all university departments and functions to identify potential risks and vulnerabilities.
    • Collaborate with department heads and stakeholders to gather information on operational processes and potential risk factors.
    • Analyze data and trends to anticipate emerging risks and proactively address them.
  • Risk Mitigation and Control
    • Develop and implement risk mitigation strategies and control measures to minimize the impact of identified risks.
    • Provide guidance and support to departments in implementing risk control measures and best practices.
    • Monitor the effectiveness of risk controls and adjust strategies as needed.
  • Policy Development and Compliance
    • Develop and maintain risk management policies, procedures, and guidelines in alignment with regulatory requirements and industry best practices.
    • Ensure that all university activities and operations comply with relevant laws, regulations, and internal policies related to risk management.
    • Provide training and education to staff and faculty on risk management principles and practices.
  • Incident Response and Crisis Management
    • Establish protocols and procedures for responding to incidents and crises, including emergencies, natural disasters, and other unforeseen events.
    • Coordinate with relevant stakeholders to effectively manage and mitigate the impact of incidents on university operations and stakeholders.
    • Conduct post-incident reviews to identify lessons learned and opportunities for improvement.
  • Insurance Management
    • Manage the university's insurance programs, including property, liability, and other coverage types.
    • Review insurance policies to ensure adequate coverage and minimize gaps in protection.
  • Risk Communication and Reporting
    • Communicate risk management objectives, strategies, and updates to university leadership, department heads, and other stakeholders.
    • Prepare regular reports on risk exposures, mitigation efforts, and risk management performance for senior management and the Board of Trustees.
    • Serve as a liaison with external auditors, regulators, and other stakeholders on risk management matters.
    Requirements
    • Bachelor's degree in risk management, business administration, finance, or a related field (Master's degree preferred).
    • Professional certification in risk management (e.g., CRM, ARM, or equivalent) is highly desirable.
    • Minimum of 5 years of experience in risk management, preferably in a higher education or large institutional setting.
    • Strong understanding of risk management principles, methodologies, and best practices.
    • Excellent analytical and problem-solving skills, with the ability to assess complex situations and develop effective solutions.
    • Demonstrated ability to communicate effectively with stakeholders at all levels, both orally and in writing.
    • Proven leadership and project management skills, with the ability to drive initiatives to completion in a collaborative environment.
    • Knowledge of relevant laws, regulations, and industry standards related to risk management and insurance.

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