Risk Specialist

The Professionals; Riyadh; On-site; USD 45,000 - 60,000; Full time

Job summary

A leading company is seeking a Risk Specialist to manage and mitigate risks affecting operations and financial stability. The ideal candidate will have at least 5 years of experience in risk management, with strong analytical skills and a solid understanding of industry regulations. Responsibilities include risk assessment, compliance enforcement, and preparing reports for senior management.

Qualifications

• 5 years of experience in risk management or compliance.
• Strong analytical and problem-solving abilities.
• Excellent communication and presentation skills.

Responsibilities

• Identify and assess potential risks to the organization.
• Develop and implement risk mitigation strategies.
• Ensure compliance with industry regulations.

Skills

Risk assessment tools

Data analysis

Risk modeling

Analytical abilities

Problem-solving

Communication skills

Presentation skills

Education

Bachelor's degree in Risk Management

Bachelor's degree in Finance

Bachelor's degree in Business Administration

Job description

Bachelor of Commerce(Commerce), Bachelor of Business Administration(Management)

Nationality

Any Nationality

Vacancy

1 Vacancy

Job Description

Job Summary:

The Risk Specialist is responsible for identifying, assessing, and mitigating risks that could impact the organization's operations, reputation, and financial stability. They analyze risk data, develop strategies to reduce potential threats, and ensure compliance with industry regulations and internal policies.

Key Responsibilities:

• Risk Identification & Assessment:

  • Analyze business operations, market trends, and industry regulations to identify potential risks.
  • Conduct risk assessments and audits to evaluate vulnerabilities.
  • Maintain a risk register to track and monitor risk exposure.

• Risk Mitigation & Management:

  • Develop and implement risk mitigation strategies and action plans.
  • Collaborate with departments to integrate risk management practices into business processes.
  • Recommend and enforce internal controls to minimize risk exposure.

• Compliance & Regulatory Requirements:

  • Ensure adherence to relevant laws, regulations, and industry standards.
  • Assist in developing policies and procedures to improve risk compliance.
  • Work with legal and compliance teams to address regulatory risks.

• Reporting & Documentation:

  • Prepare risk reports and dashboards for senior management and stakeholders.
  • Document risk incidents and recommend corrective actions.
  • Monitor and update risk management policies based on organizational and industry changes.

• Training & Awareness:

  • Conduct risk awareness training for employees.
  • Promote a risk-conscious culture across the organization.

Qualifications & Skills:

• Education: Bachelor s degree in Risk Management, Finance, Business Administration, or a related field.
• Experience: 5 years of experience in risk management, compliance, or a related role.
• Technical Skills:
  • Knowledge of risk assessment tools and frameworks.
  • Proficiency in data analysis and risk modeling.
  • Familiarity with industry regulations (e.g., ISO 31000, Basel, SOX).
• Soft Skills:
  • Strong analytical and problem-solving abilities.
  • Excellent communication and presentation skills.
  • Ability to work independently and collaboratively across departments.

Preferred Certifications:

• Certified Risk Management Professional (CRMP)
• Financial Risk Manager (FRM)
• Certified in Risk and Information Systems Control (CRISC)

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