Risk Management Manager

confidential; Riyadh; On-site; SAR 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Risk Management Manager to safeguard assets and ensure compliance with regulations. This pivotal role involves identifying, assessing, and mitigating risks that could impact operations, reputation, or financial health. The manager will develop comprehensive risk management policies, conduct thorough assessments, and provide strategic guidance to senior management. Join a forward-thinking organization that values risk awareness and fosters a culture of compliance, where your expertise will shape the future of risk management initiatives.

Qualifications

• Proven experience in risk management within the manufacturing sector.
• Strong analytical and problem-solving skills.

Responsibilities

• Oversee the procurement of insurance and develop risk management policies.
• Conduct regular risk assessments to identify vulnerabilities.
• Monitor and report on risk exposures to senior leadership.

Skills

In-depth knowledge of risk management frameworks

Experience with risk assessment tools

Strong understanding of manufacturing processes

Excellent report writing skills

Proficient in data analysis

Familiarity with regulatory compliance standards

Strong negotiation skills

Tools

Risk management software

Job description

The Risk Management Manager is pivotal in safeguarding the organization’s assets and ensuring compliance with industry regulations. This role encompasses the identification, assessment, and mitigation of risks that could adversely affect the organization’s operations, reputation, or financial health. The manager will develop comprehensive risk management policies and procedures, conduct thorough risk assessments, monitor compliance, and provide strategic guidance to senior management. The objective is to ensure that risks are effectively controlled and aligned with organizational goals, industry standards, and regulatory requirements.

Responsibilities:

1. Oversee the procurement of insurance and develop risk management and compliance policies and procedures while managing claims and litigation processes.
2. Identify, analyze, and evaluate a wide range of potential risks, including operational, financial, strategic, compliance, and reputational risks.
3. Conduct regular risk assessments across various departments and projects to identify vulnerabilities.
4. Design and implement risk mitigation strategies, ensuring that appropriate actions are taken to minimize exposures.
5. Monitor and report on risk exposures and trends to senior leadership, providing insights for decision-making.
6. Evaluate and recommend insurance policies, including Property, Casualty, General Liability, and Workers’ Compensation, to ensure adequate coverage.
7. Collaborate with internal departments such as finance, operations, HR, safety, and legal to integrate risk management practices into daily operations.
8. Ensure compliance with relevant local and international regulations, including ISO 31000 and the COSO ERM Framework.
9. Facilitate risk management training sessions and workshops to foster a culture of risk awareness throughout the organization.
10. Educate and train staff on risk management practices and the importance of risk awareness in their roles.
11. Act as a liaison with external auditors and regulatory bodies to ensure compliance with risk management standards.
12. Support business continuity planning and crisis management initiatives to prepare for unforeseen events.
13. Review contracts and agreements to identify potential risks and liabilities associated with business operations.
14. Engage with external stakeholders, including insurers, auditors, and regulatory bodies, to maintain effective risk management practices.

Preferred Candidate:

1. Proven experience in risk management within the manufacturing sector.
2. Strong analytical and problem-solving skills.
3. Excellent communication and interpersonal skills.
4. Ability to work collaboratively in a team environment.
5. Detail-oriented with a focus on compliance and regulatory requirements.
6. Proficiency in risk management software and tools.
7. Strong leadership abilities to guide teams through risk management initiatives.
8. Ability to adapt to changing environments and emerging risks.
9. Commitment to continuous professional development in risk management practices.
10. Strong ethical standards and integrity in managing sensitive information.

Skills

• In-depth knowledge of risk management frameworks and methodologies.
• Experience with risk assessment tools and techniques.
• Strong understanding of manufacturing processes and operational risks.
• Excellent report writing and presentation skills.
• Proficient in data analysis and risk modeling.
• Familiarity with regulatory compliance standards in the manufacturing industry.
• Ability to lead training sessions and workshops on risk management.
• Strong negotiation skills for dealing with external stakeholders.