Job Description
IDB3419 - Risk Management Officer Business Unit President Complex Division Not Applicable Department Risk Management Department Country Saudi Arabia Location Saudi Arabia - Jeddah Job Grade E1 Closing Date 19-Jan-2025 Job PurposeSupport in establishing and maintaining high oversight mechanism standards on the Investment, Treasury and Project Operations Financing portfolios of the Bank to keep a watchful eye on the performance, risk and compliance This is achieved through (a) effective monitoring and reporting process in close coordination with the relevant stakeholders, (b) robust internal control practices for proper fiduciary and risk oversight, and (c) smooth, streamlined and well-designed processes to proactively manage risks including quality assurance, systems and tools, monitoring & data, and proper reconciliation with the Bank’s financials. The incumbent shall posse strong IT skills and ability to work with databases and files to ensure that a solid foundation of consistent data is in place and contribute to developing robust reconciliation, monitoring and reporting tools. 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 Academic and professional qualifications Bachelor's degree in Economics / Finance / Risk Management / Mathematics / Business Administration or related discipline. Minimum 3 years of relevant experience in the Banking industry. Skills & Necessary Knowledge Analytical Thinking. IT literate (MS Office, Programming, SAP, Power BI, Bloomberg, Reuter, Misys/ FusionInvest, etc.) If you meet the criteria and you are enthusiastic about the role, we would welcome your application. To complete the application you would need the following document(s):- Resume/CV- Academic Certificate- Copy of Passport
