Associate Director - Financial Risks (COR 525)

Qiddiya Investment Company; Saudi Arabia; On-site; SAR 200,000 - 300,000; Full time

Job summary

A premier investment firm in Saudi Arabia is looking for an Associate Director – Financial Risks to enhance their risk management practices. The successful candidate will contribute to risk taxonomy design and collaborate with key departments. A Bachelor's or Master’s degree in Finance or related field, along with significant experience in finance and risk management, is required. This role is pivotal for ensuring robust financial oversight in a large-scale project.

Qualifications

• 5 to 7 years of progressive experience within a finance function.
• 3 to 5 years of demonstrated experience in risk management.
• Proven experience in financial risk analysis and modeling.

Responsibilities

• Contribute to the design of enterprise risk taxonomy and risk appetite framework.
• Provide expert input on Key Risk Indicators related to financial risks.
• Collaborate with departments to validate inputs for risk assessments.

Education

Bachelor's or Master’s degree in Finance, Risk Management, Economics or related field

Job description

Overview

Qiddiya Investment Company is envisioned to be the world’s premier destination for entertainment, culture, and sports, located just outside Riyadh. As we embark on developing this unique and exciting project, we are seeking an Associate Director – Financial Risks to join our financial management team. This role is crucial as we navigate the complexities of significant financial undertakings associated with this Giga project.

Key Responsibilities

• Contribute to the design and enhancement of the enterprise risk taxonomy and risk appetite framework specifically for financial risks (e.g., capital, liquidity and funding risks).
• Provide expert input on the development and refinement of Key Risk Indicators (KRIs) related to financial risk domains (e.g., cost overruns, funding gap).
• Collaborate with key departments such as Finance, Investment Management and vertical Project Development Finance teams to gather and validate inputs for enterprise-wide risk assessments and control testing.
• Sense-check and review risk assessment to ensure consistency, accuracy, and alignment with ERM standards.
• Support in synthesizing and integrating financial risk data into overall risk reporting and strategic decision‑making.
• Improve the robustness of bottom‑up financial risk assessment methodologies including quantitative financial models (e.g., funding model) and scenario analysis (e.g., budget forecasting).
• Maintain and regularly update the control catalogue (e.g., policies, procedures) for controls applicable to financial risks, ensuring relevance and completeness.

Qualifications

• Bachelor's or Master’s degree in Finance, Risk Management, Economics, or a related field.
• 5 to 7 years of progressive experience within a finance function, with direct involvement in financial operations, planning, or control.
• 3 to 5 years of demonstrated experience in risk management, preferably within a corporate or strategic context, supporting or complementing financial responsibilities.
• Proven experience in financial risk analysis, modeling, and reporting within large‑scale or capital‑intensive organizations.
• Strong understanding of risk management frameworks (e.g., ISO 31000, COSO) is preferred.
• Relevant certifications in risk management (e.g., CRM, ERM) are desirable.