Lead Principal, Operational Risk Management

IDB3307 - Lead Principal, Operational Risk Management (ICD)

Location: Saudi Arabia - Jeddah

Role Purpose:

Assist in the implementation of the ORM framework including preparing related policies and procedures, engaging business units in identification and assessment of risks in the business processes , assessment of controls instituted to mitigate those risks, working with business units to strengthen controls, monitoring operational risks, analyzing incidents, and identifying Key Risk Indicators (KRIs) for inclusion in the risk dashboard.
Assist in the implementation of the COSO Integrated Internal Control framework by mapping out financial statement processes, identifying inherent risks, and ensuring that adequate controls are put in place to mitigate those risks, and that controls are tested periodically to ensure that they are operating effectively. This will provide the basis on which external auditors will certify the effectiveness of internal controls over financial reporting as part of the yearly audit of the financial statements of the ICD.

Qualifications/ Professional Experience:

At least 8 years of hands-on experience in operational risk management functions in banking environment / financial institutions/multilateral development banks.
Bachelor’s degree in Business Administration, Finance, Mathematics / Statistics, Accounting, Physics, Computer Science, etc. or any related field is a must.
Master’s degree in Business Administration, Finance, Accounting or any other relevant discipline or a relevant Professional Certification such as membership of an internationally recognized professional accounting body e. g. CA, CPA, ACCA, CIA, CISA.
Professional risk management certifications or any relevant professional certification would be considered additional qualification in addition to practical experience.
Strong demonstrated experience in handling operational risk management as well as technical accounting and financial reporting issues.
Team work and interpersonal relations, Responsiveness and timeliness, Communication, Client Orientation and Problem solving.
Ability to work with little or no supervision in a multi-cultural environment and build effective working relations with clients and colleagues.
Ability to operate effectively in a demanding environment with tight deadlines, both with clients as with team members, requiring significant influence skills

Competencies:

Core Behavioral:
Innovation and Initiatives
Change Management
Developing People Capability
Partnership Management
Strategic Thinking
Self Effectiveness

Technical Competencies:

Risk Management Frameworks.
Quantitative Analysis
IT and Data Management
Incident Investigation & Root Cause Analysis
Regulatory Knowledge

Language Skills:

* Capable of communicating in any of the working languages (Arabic, English and French) of which English is a must, whereas Arabic and/or French is a plus.