Chief Risk Officer

Oman Investment Authority; Muscat; On-site; OMR 120,000 - 240,000; Full time

Job summary

Oman Investment Authority seeks a Chief Risk Officer to oversee a comprehensive risk management framework across credit, market, operational, information security, and governance. The CRO reports to the board and partners with senior management to align risk strategy with business goals.

The role leads Loan Review, Credit Risk, Operational Risk, Market Risk, Information Security, Business Continuity, and Corporate Governance, ensuring regulatory compliance, risk appetite adherence, and a strong

Qualifications

• Master's degree in Finance, Risk Management or related field.
• 15+ years of senior risk management experience in financial services.
• In-depth knowledge of credit, operational, market risk, information security, business continuity, and governance best practices.
• Strong analytical, problem-solving, communication, and interpersonal skills.
• Ability to influence senior management and board on risk priorities.
• Experience with regulatory environment and risk modelling.

Responsibilities

• Develop and maintain a comprehensive risk management framework aligned with strategy.
• Advise the Board on risk strategy including capital adequacy and risk appetite.
• Lead multiple risk departments to ensure a holistic view of the risk profile.
• Oversee hedging strategies to manage market risk and protect capital.
• Ensure compliance with banking regulations and corporate governance standards.
• Promote a culture of risk awareness and strong governance across the organization.

Skills

Credit risk

Operational risk

Market risk

Information security

Business continuity

Corporate governance

Leadership

Communication

Problem solving

Education

Master's degree in Finance, Risk Management, or a related field

Job description

POSITION NAME

Chief Risk Officer 1

Role Objective

JOB CONTENT To oversee a comprehensive risk management framework encompassing Loan Review Credit Risk Operational Risk Market Risk Information Security Business Continuity and Corporate Governance The CRO is responsible for identifying assessing mitigating and monitoring all potential risks that could impact the bank s operations financial performance and compliance

Duties and Responsibilities Strategic

• 1 Collaborate with Senior Management to develop implement and maintain a comprehensive risk management framework aligned with the bank s overall business strategy and risk appetite Ensure the framework complies with all relevant banking regulations and supervisory guidance
• 2 Advise the Board of Directors on the formulation of bank s overall Risk Management strategy including credit market liquidity operational and other risk and adequacy of capital to meet the targeted risk profile
• 3 Provide strategic leadership and direction to the heads of Loan Review Credit Risk Operational Risk Market Risk Information Security Business Continuity and Corporate Governance departments Ensure effective collaboration and information sharing among these departments to achieve a holistic view of the bank s risk profile
• 4 Develop and implement strategies to hedge against market risks and protect the bank s capital and profitability

Financial

• 5 Establish credit risk limits and ensure adherence through credit approval workflows and portfolio stress testing
• 6 Oversee the implementation of corrective action plans to address non-performing loans and minimize potential credit losses
• 7 Work closely with the Treasury department to develop hedging strategies and monitor market positions to minimize potential losses from market fluctuations
• 8 Review budgeted vs actual figures and arrive at best estimates to predict future cost estimates required for the unit

Operational

• 9 Lead the Loan Review department in conducting independent reviews of loan portfolios to ensure adherence to credit policies loan documentation standards and regulatory requirements
• 10 Oversee the Credit Risk department in developing and implementing sound credit risk management practices including loan underwriting guidelines credit analysis methodologies portfolio monitoring processes and non-performing loan management strategies
• 11 Establish credit risk limits and ensure adherence through credit approval workflows covenant monitoring and regular portfolio stress testing to assess the bank s vulnerability to potential credit losses
• 12 Lead the identification assessment and mitigation of operational risks associated with various business processes people technology and external events
• 13 Oversee the implementation of corrective action plans to address identified operational risk weaknesses
• 14 Oversee the development and implementation of strategies to manage the bank s exposure to market risks including interest rate fluctuations foreign exchange movements and equity price volatility
• 15 Oversee the Business Continuity department in developing and maintaining a comprehensive business continuity plan to ensure the bank s ability to recover from operational disruptions caused by natural disasters cyberattacks or other unforeseen events
• 16 Ensure adherence to sound corporate governance principles by establishing a strong risk culture promoting ethical conduct and fostering transparency and accountability throughout the organization

People

• 17 Demonstrate visible leadership to employees to encourage maximum performance and dedication by establishing and fostering an environment which stimulates good communication teamwork and creativity in both problem-solving and identifying opportunities
• 18 Foster a culture of excellence by motivating coaching and developing a team of talented managers
• 19 Develop and ensure a well-managed succession plan is implemented for all reporting teams through adequate training and challenging career path development for staff

KEY INTERACTIONS

• 1 Internal Board of Directors Management Committees Division Heads Business Heads As part of day-to-day activities
• 2 External Regulatory Bodies External Auditors Research & Rating Agencies and any other statutory bodies Vendors Consultants As part of day-to-day activities
• 3 Level of external interaction This position requires medium to high level of external interactions

MINIMUM EDUCATION, QUALIFICATIONS & SKILLS

Education: Master's degree in Finance, Risk Management, or a related field

Experience: 15+ years of experience in a senior risk management role within the financial services sector, with a proven track record of hands‑on experience in developing and implementing risk management frameworks

Special Skills & Knowledge: In-depth knowledge of credit risk, operational risk, market risk, information security, business continuity, and corporate governance best practices. Strong analytical and problem-solving skills with the ability to assess complex risks, develop quantitative risk models, and design effective mitigation strategies. Excellent communication, presentation, and interpersonal skills with the ability to influence senior management and board members on risk management priorities. Strong leadership skills with the ability to build and lead a high‑performing risk management team, fostering a culture of risk awareness within the organization. Strong understanding of the regulatory environment governing banking institutions. Experience with quantitative risk management techniques and risk modeling tools. Excellent project management skills to oversee the implementation of risk management initiatives across the bank.

Business Understanding: This position requires a high level of business understanding