Operational Risk Strategist — Basel & SAMA Compliance

Bank of Jordan; Riyadh; On-site; SAR 180,000 - 240,000; Full time

Job summary

Bank of Jordan in Riyadh is seeking an experienced Operational Risk professional to support the implementation and ongoing enhancement of the risk management framework at the branch. You will identify, assess, monitor, and report risks while maintaining the risk register and coordinating with audits.

The role requires 4+ years in Operational Risk within banking, knowledge of SAMA Basel standards, and English proficiency. Certifications in risk management are preferred.

Qualifications

• Bachelor's degree in related field.
• 4+ years of Operational Risk experience in banking/financial sector.
• Knowledge of SAMA regulations and Basel requirements.
• Certifications in Risk Management preferred (e.g., CORM, CORP).
• Strong analytical, communication, problem-solving, and report-writing skills.
• Good command of English (written and spoken).

Responsibilities

• Support the implementation and continuous enhancement of the Operational Risk Management Framework in line with Bank policies, SAMA regulations, and Basel standards.
• Identify, assess, monitor, and report operational risks across the Branch while maintaining the Operational Risk Register.
• Conduct RCSA and evaluate effectiveness of internal controls, identifying gaps and improvements.
• Monitor KRIs, operational incidents, and loss events; perform root cause analysis and follow up on corrective actions.
• Review new products, services, projects, and major business changes from an operational risk perspective.
• Prepare operational risk reports, recommendations, and management updates.
• Follow up on Internal Audit, External Audit, and regulatory observations to ensure timely actions.
• Monitor regulatory developments and impact of SAMA/Basel requirements on the Branch.
• Support Operational Risk stress testing, scenario analysis, BCM, and Disaster Recovery initiatives.
• Contribute to development and update of Operational Risk policies and training to promote risk awareness across units.

Skills

Analytical thinking

Communication skills

Problem solving

Report writing

English proficiency

Education

Bachelor's degree in Business Administration, Finance, Risk Management, or related field

Job description

Bank of Jordan in Riyadh is seeking an experienced Operational Risk professional to support the implementation and ongoing enhancement of the risk management framework at the branch. You will identify, assess, monitor, and report risks while maintaining the risk register and coordinating with audits.

The role requires 4+ years in Operational Risk within banking, knowledge of SAMA Basel standards, and English proficiency. Certifications in risk management are preferred.