Head of Risk Management-KSA -Riyadh| Financial Services| Orient Insurance
Location: SA Develop, implement, and maintain the company’s enterprise risk management (ERM) framework, policies, and procedures. Provide strategic direction on risk-related matters to the Board, Risk Committee, and senior management. Align the risk management framework with the company’s strategic goals and regulatory requirements. Ensure compliance with all regulatory risk management requirements, including capital adequacy and solvency standards. Prepare and present risk reports to the Board, Risk Committee, and regulatory authorities as required. Act as the primary point of contact with regulators on risk-related matters. Strong analytical and problem-solving skills to identify and address complex risk issues. Excellent understanding of risk assessment methodologies, financial models, and regulatory frameworks. Effective communication and interpersonal skills to interact with stakeholders at all levels. High ethical standards and the ability to manage sensitive and confidential information. Proficiency in risk management software and tools. Effectiveness of the risk management framework and mitigation strategies. Timely and accurate reporting of risk exposures and metrics. Compliance with regulatory risk requirements and standards. Success in managing financial and operational risks within acceptable levels. Stakeholder satisfaction with the risk management function. Education: Bachelor’s degree in Finance, Actuarial Science, Risk Management, Business Administration, or a related field. A master’s degree is preferred. Certifications: Professional certifications such as FRM (Financial Risk Manager), PRM (Professional Risk Manager), or equivalent are strongly preferred. Minimum 10 years of experience in risk management, with at least 5 years in the insurance or financial services industry. Proven leadership experience in implementing enterprise risk management frameworks. * In-depth knowledge of regulatory requirements related to risk management in KSA.
