Manager - Corporate Risk
The Red Sea Development Company
RiyadhFull-time
5–10 years of experience
4 months ago
Job description
Job Responsibilities
Administrative Responsibilities:
- Assist in developing and update risk management policies and procedures.
- Manage day-to-day activities & operations, including implementation of all policies & procedures and recommend potential improvements where appropriate.
- Prepare regular risk reports for senior management and assist in preparing Audit Committee and Board of Directors risk reports and any other related asks (resolutions) as needed.
- Maintain effective communication channels with stakeholders to ensure a comprehensive understanding of risk management activities.
- Assist in developing and conducting risk training and awareness programs for champions, employees and other stakeholders as needed.
Functional Responsibilities:
ERM Framework
- Identify risks and ensure all material risks are properly consolidated at the Enterprise level and escalated to the Associate Corporate Risk Director.
- Run and facilitate risk assessment workshops and the development of risk treatment plans with the risk owners and champions.
- Monitor and report on the effectiveness of risk management initiatives.
- Consolidate risks at the Enterprise (Group and subsidiaries) level and escalate to the Associate Corporate Risk Director as needed.
- Engage Operation, Projects Delivery, and Development risk teams to ensure proper and effective transfer of risks across the value chain and risk owners.
- Engage the teams in discussions regarding events that could lead to potential losses or missed opportunities.
- Engage with Senior Management and provide risk report and update.
Monitoring and Reporting:
- Prepare dashboards, monitor compliance and effectiveness of the RM processes & procedures within RSG, and report on results.
- Monitor implementation timeliness and effectiveness of the consolidated risk treatment plans and strategy;
Risk Analysis and Scenarios:
- Conduct thorough risk assessments and analysis to identify potential risks and their impacts.
- Develop risk scenarios and conduct simulations to prepare for potential risk events.
- Provide detailed reports and recommendations based on risk analysis.
Support Enterprise Risk Management:
- Assist in the development and implementation of the Enterprise Risk Management (ERM) framework.
- Collaborate with various departments to ensure risk management practices are integrated into business processes.
- Support the Corporate Risk Associate Director in identifying and managing enterprise-level risks.
Business Continuity Management (BCM):
- Support in Business Continuity Management and develop BCM plans to ensure the organization s readiness to respond to and recover from disruptions.
- Support in conducting regular BCM exercises and update plans as necessary.
Training and Communication:
- Identify risk training needs.
- Develop and deliver training for the Risk Champions to raise Risk Management awareness.
- Recommend awareness messages (i.e., emails, brochures, screen savers, etc.) to be delivered to the business; and
- Share risk practices knowledge and best practices with the team function.
Qualification and Experience:
- Bachelor s degree in risk management, Business Administration, or a related field. Master s degree preferred.
- Certification in Risk Management from a well-renowned international body (i.e., IIA, IRM, OCEG)
- Professional certifications such as Certified Risk Management Professional (CRMP) are highly desirable.
- Entry level or a minimum of 5 years of experience in risk management or assurance (Internal Audit).