Senior Manager- Risk Consulting- FSRM

Ernst & Young Advisory Services Sdn Bhd; Riyadh; On-site; SAR 200,000 - 300,000; Full time

Job summary

A leading global advisory firm in Riyadh is seeking a Senior Manager / Director to lead risk transformation engagements in financial services. The ideal candidate will have 12–15 years of experience, fluency in Arabic and English, and strong quantitative skills. You will work with senior clients and regulators to enhance risk management frameworks and lead diverse teams, while being part of an innovative culture focused on financial stability and growth.

Benefits

Access to EY’s global network of experts

Opportunities to innovate with emerging technologies

Diverse and inclusive culture

Qualifications

• 12–15 years of experience in financial-services risk management, either in consulting or at a Tier-1 bank.
• Demonstrated success leading risk and capital-management transformation programs.
• Fluency in Arabic and English (spoken and written).

Responsibilities

• Lead complex risk transformation engagements covering credit, market, liquidity, and operational risk.
• Design and validate risk models under Basel and IFRS 9.
• Coach and mentor junior team members.

Skills

Quantitative background

Regulatory fluency in risk domains

Leadership skills

Stakeholder management

Proficiency in Python, R, SAS, or SQL

Education

Professional certifications such as FRM, CFA, or PRM

Job description

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Languages:Arabic & English (Mandatory)
Experience:12–15 years
Industry Focus:Banking, Insurance, and Financial Institutions

Job Summary

As a Senior Manager / Director in EY’s Financial Services Risk Management (FSRM) team, you will help leading financial institutions navigate regulatory complexity, strengthen capital resilience, and modernize their risk management frameworks.

The role demands deep expertise acrosscredit, market, liquidity, and operational risk— together withBasel III/IV, ICAAP, and IFRS 9implementation — and the ability to lead large transformation programs that combine quantitative precision with strategic impact.

You will also have the opportunity to shape EY’s next‑generation risk offerings through the use ofAI, automation, and digital risk tools, while mentoring diverse teams and engaging directly with senior regulators and client executives.

Key Responsibilities

Client Delivery and Technical Leadership

• Lead complex risk transformation engagements coveringcredit, market, liquidity, and operational risk, regulatory capital, and stress testing.
• Design, calibrate, and validaterisk models(PD, LGD, EAD) under Basel and IFRS 9.
• Develop and reviewICAAPframeworks, capital planning, and stress testing programs for regulatory submission.
• Support clients in strengtheningliquidity riskframeworks (LCR, NSFR, IRRBB) and aligning ALM practices with supervisory expectations.
• Advise on operational risk frameworks, RCSA design, loss data analytics, and capital quantification under Basel III/IV.
• Oversee engagement governance, ensuring delivery excellence, client satisfaction, and measurable impact.

Market and Business Development

• Build and manage senior client relationships, including C-suite and Board‑level stakeholders.
• Contribute to business development through proposal leadership, solution design, and sector insights.
• Identify emerging client needs (ESG, climate risk, AI governance) and translate them into new service offerings.

People and Practice Development

• Coach and mentor junior team members, fostering a culture of analytical rigor and innovation.
• Develop EY’s intellectual capital through publications, client insights, and participation in industry forums.
• Promote cross‑border collaboration with other EY member firms in Europe, APAC, and the GCC.

Desirable / Differentiating Areas

• Lead or contribute tofraud riskanalytics using machine learning and anomaly detection.
• Designthird‑party risk managementframeworks for outsourcing and fintech ecosystems.
• ApplyAI/ML and automationin model governance, early‑warning indicators, and risk reporting.
• Integratedigital, cyber, and resilienceconsiderations into enterprise risk frameworks.

Skills and Attributes for Success

• Strong quantitative background and regulatory fluency acrosscredit, market, liquidity, and operational riskdomains.
• Deep understanding ofBasel III/IV,IFRS 9, andICAAP/ILAAPrequirements.
• Proficiency inPython, R, SAS, or SQLfor quantitative and stress‑testing model development.
• Excellent leadership, communication, and stakeholder management skills, capable of engaging both technical and executive audiences.
• Strategic thinker with an ability to translate complex regulations into actionable business solutions.

To Qualify for the Role, You Must Have

• 12–15 years of experience in financial‑services risk management, either in consulting or at a Tier‑1 bank.
• Demonstrated success leading risk and capital‑management transformation programs.
• Experience working directly with regulators (e.g., SAMA, CBUAE, QCB, EBA, APRA, PRA).
• Fluency in Arabic and English (spoken and written).

Ideally, You’ll Also Have

• Exposure to fraud, third‑party, or digital‑risk domains.
• International project experience across Europe, Australia, or APAC.
• Professional certifications such asFRM,CFA, orPRM.
• Experience leveragingAI/MLfor predictive modelling, anomaly detection, or model monitoring.

What We Look For

An accomplished risk professional with quantitative depth, regulatory awareness, and leadership presence — someone who can bridge financial modelling with strategic advisory, and who thrives on helping clients build resilient and forward‑looking risk functions.

What We Offer

• A platform to lead risk transformation across the region’s most significant financial institutions.
• Access to EY’s global network of quantitative and regulatory experts.
• Opportunities to innovate with emerging technologies in risk and finance.
• A diverse and inclusive culture that values intellectual curiosity and teamwork.

Join EY and help redefine how banks and financial institutions in the GCC manage risk — combining insight, regulation, and innovation to build a safer financial system.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.