Risk Officer

Key Responsibilities Support the implementation and continuous enhancement of the Operational Risk Management Framework in line with Bank policies, SAMA regulations, and Basel standards. Identify, assess, monitor, and report operational risks across the Branch while maintaining the Operational Risk Register. Conduct Risk and Control Self-Assessments (RCSA) and evaluate the effectiveness of internal controls, identifying control gaps and recommending improvements. Monitor Key Risk Indicators (KRIs), operational incidents, and loss events, perform root cause analysis, and follow up on corrective actions. Review new products, services, projects, and major business changes from an operational risk perspective. Prepare operational risk reports, recommendations, and management updates. Follow up on Internal Audit, External Audit, and regulatory observations to ensure timely implementation of agreed actions. Monitor regulatory developments and assess the impact of new SAMA and Basel requirements on the Branch. Support Operational Risk stress testing, scenario analysis, Business Continuity Management (BCM), and Disaster Recovery initiatives. Contribute to the development and update of Operational Risk policies and procedures, provide risk advisory support to business units, and promote risk awareness through training and guidance.

Desired Candidate Profile

Bachelor's degree in Business Administration, Finance, Risk Management, or a related field. Minimum 4 years of experience in Operational Risk within the banking or financial sector. Good knowledge of Operational Risk principles, SAMA regulations, and Basel requirements. Professional certifications in Risk Management (e.g., CORM , CORP , or equivalent) are preferred. Strong analytical, communication, problem-solving, and report-writing skills. Good command of English (written and spoken). Ability to work under pressure and collaborate effectively across departments.