Risk Specialist

Tacostars; Riyadh; On-site; SAR 180,000 - 300,000; Full time

Benefits offered by this job

Bonuses

Stock options

Learning stipend

Diversity culture

Global team exposure

Job summary

Foodics is seeking a Risk Specialist to support the development and maintenance of our risk management framework. Reporting to the Risk Lead, you will help identify, assess and manage risk exposures in line with our risk appetite and regulatory requirements.

In this role you will analyze SAMA regulations, contribute to risk policies, maintain the risk register, and assist with stress testing, reporting, and audit preparations.

Qualifications

• 1–3 years of experience in risk management in financial services or tech.
• Bachelor’s degree in risk management, Finance, Business, or related field.
• Understanding of risk assessment, control methodologies and reporting.
• Familiarity with SAMA regulations and compliance is a plus.
• Strong project coordination and organizational skills.
• Proficient in Excel, PowerPoint, Word and Google Workspace.

Responsibilities

• Analyze regulatory requirements and support risk policy development.
• Contribute to risk identification across operational, financial, and cyber domains.
• Assist in risk reporting and maintenance of the risk register.
• Support training and awareness activities on risk management.

Skills

Risk management

Regulatory compliance

Analytical thinking

Communication

Team collaboration

Education

Bachelor’s degree in risk management, Finance, Business, Actuarial Science, or related field

Tools

MS Office

G-Suite

Job description

Who Are We

We Are Foodics! a leading restaurant management ecosystem and payment tech provider. Founded in 2014 with headquarter 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 Specialist will support the development and maintenance of the risk management framework at Foodics. Working under the guidance of the Risk Lead, you will help ensure the company’s risk exposures are identified, assessed, and managed within the defined risk appetite, in compliance with regulatory requirements and industry best practices.

What Will You Do

Regulatory Compliance Support

• Assist in analyzing SAMA regulations relevant to Foodics’ operations, including licensing, capital adequacy, and reporting.
• Contribute to the development and updating of risk policies and procedures in line with regulatory guidelines.
• Support the preparation and submission of required reports to regulatory bodies such as SAMA.

Risk Assessment & Analysis

• Participate in risk identification activities across operational, financial, credit, market, and cybersecurity domains.
• Help maintain and enhance the company’s risk management framework and risk register.
• Support the design and execution of stress testing and scenario analysis.

Training & Awareness

• Assist in developing and delivering training sessions on risk management principles and compliance requirements.
• Help communicate risk-related updates and practices to relevant teams and stakeholders.

Monitoring & Reporting

• Support ongoing monitoring of risk exposures and the effectiveness of mitigation strategies.
• Aid in internal and external audit preparations and follow-up on audit findings.
• Prepare routine risk reports and dashboards for management review.

Documentation & Process Support

• Ensure accurate documentation of risk assessments, decisions, and procedures.
• Maintain organized records in accordance with internal and regulatory standards.

Key Deliverables

• Risk assessment reports.
• Updated risk registers.
• Training materials and session summaries.
• Risk mitigation action plans.
• Incident and issue logs.
• Support in framework and policy documentation.

What Are We Looking For

• 1-3 years of experience in risk management, preferably within the financial services or technology sectors.
• Bachelor’s degree in risk management, Finance, Business, Actuarial Science, or a related field.
• Understanding of risk assessment, control methodologies, and reporting.
• Familiarity with SAMA regulations and compliance requirements is a plus.
• Good project coordination and organizational skills.
• Proficiency in Microsoft Office (Excel, PowerPoint, Word) and G-Suite tools.
• Collaborative attitude, proactive mindset, and strong attention to detail.

What We Offer You

We believe you will love working at Foodics!

• We have an inclusive and diverse culture that encourages innovation and flexibility in-offices.
• We offer highly competitive compensation packages, including bonuses and the potential for shares.
• 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.
• Join a talented team of over 30 nationalities working in 14 countries, and gain valuable experience in an exciting industry.
• We offer autonomy, mentoring, and challenging goals that create incredible opportunities for both you and the company.