Risk Manager

Foodics; Saudi Arabia; On-site; SAR 120,000 - 180,000; Full time

Job summary

An innovative firm is seeking a Risk Manager to develop and maintain a comprehensive risk management framework. This role involves mitigating risk exposures, ensuring compliance with regulations, and fostering a strong risk management culture. You will collaborate with various departments to implement effective risk management strategies and tools while continuously monitoring risk indicators. Join a dynamic team that values personal development and offers competitive compensation, bonuses, and opportunities for growth. If you are passionate about risk management and thrive in a fast-paced environment, this position is perfect for you.

Benefits

Competitive compensation packages

Bonuses

Potential for shares

Regular training

Annual learning stipend

Mentoring

Autonomy in work

Qualifications

• 6+ years of experience in Risk Management, preferably in finance.
• Strong knowledge of risk assessment, control, and analysis.

Responsibilities

• Develop and maintain the company's risk management framework.
• Implement risk assessment and analysis across functions and new products.
• Enhance business continuity plans and risk reporting mechanisms.

Skills

Risk Management

Project Management

Risk Assessment

Team Collaboration

Positive Mindset

Education

Bachelor's degree in Risk Management

Bachelor's degree in Finance

Bachelor's degree in Actuarial

Tools

Microsoft Excel

Microsoft PowerPoint

Microsoft Word

G-Suite

Job description

Who Are We

We Are Foodics! a leading restaurant management ecosystem and payment tech provider. Founded in 2014 with headquarters in Riyadh and offices across 5 countries, including UAE, Egypt, Jordan and Kuwait. We are currently serving customers and partners in over 35 different countries worldwide. Our innovative products have successfully processed over 6 billion (yes, billion with a B) orders so far! making Foodics one of the most rapidly evolving SaaS companies to ever emerge from the MENA region. Also Foodics has achieved three rounds of funding, with the latest raising $170 million in the largest SaaS funding round in MENA, boosting its innovation capabilities to better serve business owners.

The Job in a Nutshell

The Risk Manager will be responsible for developing and maintaining a risk management framework for the company. He/she will ensure that risk exposures of the company are mitigated and managed within the accepted risk appetite and monitored continuously. The Risk Manager will be applying the best practices in managing risks and applying the suitable measurements satisfying issued regulations and company’s shareholders.

What Will You Do

1. Developing in coordination with other functions the company’s risk management strategy.
2. Establishing and developing Risk Management framework, policies, risk appetite and associated applicable risk limits.
3. Developing risk management related procedures to manage and maintain operational and financial objectives.
4. Designing and implementing the appropriate Risk Management methodologies, tools, techniques, and programs across the company and its activities covering all risks including but not limited to operational, credit, financial, reputational, and cyber security risks.
5. Implement conducting risk assessment and analysis across functions and new products.
6. Performing risk assessment for overall company’s strategic projects and documentations including policies, procedures, agreements, and system implementation initiatives.
7. Establishing the continuous risk management monitoring role which includes the development of the early warning indicators and key risk indicators.
8. Establishing comprehensive risk register covering all internal and external risks.
9. Setting up appropriate mechanism of reporting and analyzing operational risk incidents and associated losses remedial.
10. Developing periodic risk management awareness and building a strong risk management culture across the company
11. Ensure the required risk transfer techniques including mandatory or optional insurance are implemented and aligned with the company’s Risk Management strategy
12. Liaise with all functional heads to establish, maintain, and continuously improve risk management capabilities
13. Implement appropriate risk reporting aligned with local and international regulatory requirements and board of directors and senior management oversight.
14. Enhance and implement a business continuity plan into the business lines and critical functions, supporting the functions in understanding the risk impacts to their daily operations, to manage risks effectively in coordination with technology and cyber security functions.
15. Keep abreast of the development in risk management techniques, methodologies, and tools.
16. Manage assigned ad hoc assignments for regulatory, committees and senior management.

What Are We Looking For

1. At least 6 years of experience in Risk Management is preferred in the financial industry.
2. Bachelor's degree in Risk Management, Finance, Actuarial, or any relevant major.
3. Knowledge of risk assessment, control, and analysis.
4. Familiarity with SAMA compliance standards and regulations.
5. Solid and demonstrated project management skills.
6. You have a firm grasp of Microsoft applications (Excel, PowerPoint & Word) and G-Suite.
7. You are a great team player who has a positive mindset.

What We Offer You

We believe you will love working at Foodics!

1. We offer highly competitive compensation packages, including bonuses and the potential for shares.
2. We prioritize personal development and offer regular training and an annual learning stipend to tackle new challenges and grow your career in a hyper-growth environment.
3. Join a talented team of over 30 nationalities working in 14 countries, and gain valuable experience in an exciting industry.
4. We offer autonomy, mentoring, and challenging goals that create incredible opportunities for both you and the company.