Enterprise Risk Management Section Head

Saudi Air Navigation Services; Jeddah; On-site; SAR 90,000 - 120,000; Full time

Job summary

A leading air navigation service provider in Jeddah is looking for a Risk Management Specialist. The candidate will be responsible for developing and maintaining risk management frameworks and ensuring compliance with policies and procedures. A Bachelor's degree in Business Administration and at least 6 years of relevant experience are required. The role offers an opportunity to lead risk management initiatives in a dynamic environment.

Qualifications

• Minimum of 6 years of experience in a risk management role.
• Relevant experience in similar industry is preferred.

Responsibilities

• Contribute to developing and updating risk appetite statements.
• Lead the utilization of risk quantification techniques.
• Monitor day-to-day activities to ensure compliance.

Skills

Risk Management

Data Analysis

Compliance

Leadership

Education

Bachelor’s degree in Business Administration

Professional certification in Risk Management

Job description

Key Accountability Areas

Key Activities

Risk Management

• Contribute to provide adequate and relevant data to assist in developing and updating SANS risk appetite statements and tolerance levels.
• Implement the enterprise risk management framework, appetite, policies, and procedures.
• Facilitate preparation and day-to-day execution of annual risk management plan.
• Assist in developing and updating the enterprise risk management framework, appetite, policies and procedures in line with professional standards and good practices, and ensure its implementation
• Participate in preparing annual risk management plan in coordination with SANS management, and ensure its implementation
• Ensure preparation and execution of annual risk management plan
• Identify and research on potential threats to SANS reputation, financial sustainability, operational efficiency, technology capabilities, workforce investments and safety
• Leverage the use of data, risk matrices and employee inputs to assist with identification of risks facing SANS; assess and analyze the identified risks, and recommend the mitigating actions
• Lead the utilization of appropriate techniques for risk quantification, measurement and aggregation to produce high quality risk matrices
• Prepare the risk mitigation gaps, agree the corrective action plans with management
• Assist in providing advice and innovative solutions to the management regarding corrective measures for mitigation of risks
• Maintain SANS risk register in the GRC directorate, and updated on a regular basis
• Update the risk register after performing the risk assessment across SANS
• Lead the provision of regular risk awareness and training sessions to employees to enhance the ability of employees to conduct risk management activities
• Assist in prepare risk reports with sufficient level of risk information and analysis to support management and the Board with decision making
• Support in provide or facilitate regular risk awareness and training sessions for employees to enhance the risk management culture and activities
• Assist in organize the periodic meetings with the second and third lines of defense, and ensure alignment on the work plans to avoid any duplications / overlaps
• Monitor the development of key risk indicators (KRIs) that are mapped to various risks to determine elevations in risk and proactively implement risk mitigation measures

Policies, Processes and Procedures

• Support in monitoring day-to-day activities to ensure compliance with stipulated policies and procedures
• Contribute to the identification of opportunities for continuous improvement of systems and processes taking into account leading practices, changes in business environment, cost reduction and productivity improvement

Leadership and Management

• Actively participate in on-the-job training, mentoring and coaching of subordinates
• Provide clear direction, prioritize tasks, assign and delegate responsibility and monitor the workflow
• Promote a high-performance working environment embracing SANS’s values

Qualifications for Internal Candidates

Knowledge and Experience

• Minimum of 6 years of experience in a risk management
• Relevant experience in similar industry is preferred.

Education and Certifications

• A Bachelor’s degree in Business Administration or equivalent is required
• Professional certification in Risk Management, or Internal Audit is preferred