Senior risk manager – brokerage

Our client, a leading local investment bank based in Saudi Arabia, is seeking a Senior Risk Manager to join their team.

Title: Senior Risk Manager - Brokerage

Client: Leading Bank in Saudi Arabia

Location: Saudi Arabia

Salary: Competitive

Reporting to: Head of Risk Management

Roles & Responsibilities

1. Governance: Drafts risk management policies and procedures; proposes methodologies for measuring risk exposures and RAROC across risk classes; checks compliance with regulatory requirements; manages limit approvals and reviews.
2. Risk Systems: Specifies and reviews functional requirements and implementation plans for brokerage and margin lending; defines testing procedures; maintains risk parameters and static data within systems like Fidessa and Thomson Reuters.
3. Market Risk: Measures and reports market risk exposures using VaR and Scenario Analysis; conducts backtesting and validation; reviews liquidity risks; supports valuation issues of financial instruments.
4. Credit Risk: Measures and reports credit risk exposures; conducts securities classification reviews; assesses risks in equity and bond underwriting and secured lending.
5. Operational Risk: Develops risk dashboards; facilitates risk assessments and workshops; collaborates with Internal Audit and Compliance.

Job Requirements

Experience: Minimum 5 years

Job Type: Full Time

Vacancies: 1

Salary: Negotiable

Degree Level: Any

Faculty / Institute: Any

Major: Any

Age: Any

Nationality: Any

Residence Location: Any

Languages: Any

Own a Car: Any

Have Driving License: Any

Job Skills

Core Competencies

University degree (bachelor or higher); CFA, FRM, or equivalent; fluency in English; Arabic is an advantage. At least 5 years of relevant experience in capital markets, especially in brokerage and risk management, with broad experience in investment banking preferred.

About The Company

Huxley Associates is an international recruitment consultancy specializing in sectors including finance, banking technology, energy, and more. With 16 offices worldwide, we focus on building long-term relationships in the MENA region and providing quality recruitment support to our clients.