Senior Risk Manager – Brokerage

Huxley Associates; Riyadh; On-site; SAR 240,000 - 420,000; Full time

Job summary

A leading local Investment bank in Saudi Arabia is seeking a Senior Risk Manager to oversee risk management policies, assess risk exposures, and develop dashboards. The ideal candidate has 5+ years of experience in capital markets, strong knowledge in risk management, and proficiency in English. This role is pivotal for compliance with regulatory requirements and enhancing risk systems functionality.

Qualifications

• 5 years or more of relevant professional experience in capital markets.
• Experience in Brokerage and Risk Management is highly desirable.
• Perfect command of English; Arabic is a clear advantage.
• Fluency in English; Arabic language skills are a plus.

Responsibilities

• Draft risk management policies and procedures and propose methodologies for measuring risk exposures.
• Specify and/or review functional requirements for brokerage and margin lending.
• Measure and report market risk exposures on a Value-at-Risk basis.
• Develop a Non-financial Risk Dashboard highlighting operational risk exposures.
• On Operational Risk issues, develop and report a Non-financial Risk Dashboard; facilitate Risk Assessment Workshops; collaborate with Internal Audit and Compliance.

Skills

Risk Management

Capital Markets

Market Risk Analysis

Credit Risk Assessment

Operational Risk Management

Compliance

English proficiency

Education

University degree, bachelor level or higher

CFA, FRM or equivalent

FRM

Tools

Fidessa

Thomson Reuters

Job description

Overview

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

Responsibilities

• On Governance issues, draft risk management policies and procedures; propose methodologies for the measurement of risk exposures and RAROC across risk classes; identify and check compliance with regulatory requirements on Risk Management; manage limit approvals and reviews.
• On Risk Systems issues, specify and/or review functional requirements and implementation plans with regard to brokerage and margin lending; define annual testing of functionalities and models wherever applicable; organize and maintain risk parameters and static data information within risk systems (Fidessa, Thomson Reuters).
• On Market Risk issues, measure and report market risk exposures on a Value-at-Risk and Scenario Analysis basis; execute an annual backtesting and risk modeling validation exercise; review market-liquidity and funding-liquidity risk exposures; provide support on valuation issues involving financial instruments.
• On Credit Risk issues, measure and report credit risk exposures on settlement risk, pre-settlement risk and margin lending risk; execute an annual securities classification review for margin lending; assess credit risks related to the underwriting of equities and bonds as well as secured lending to clients.
• On Operational Risk issues, develop and report a Non-financial Risk Dashboard, highlighting major operational risk exposures and actions taken; facilitate Risk Assessment Workshops or expert risk assessments; work in cooperation with Internal Audit and Compliance.

Core Competencies

• University degree, bachelor level or higher; CFA, FRM or equivalent; perfect command of English, with Arabic being a clear advantage.
• 5 years or more of relevant professional experience in capital markets, with significant experience in Brokerage (stock brokerage, ETF market making, margin lending) and Risk Management highly desirable (e-brokerage, operational risks). Candidates with broad risk experience in Investment Banking are welcomed to apply.
• Please feel free to reply to this advert with an updated CV

About The Company

Huxley Associates is an international recruitment consultancy that provides specialised contingency and retained recruitment solutions in the following sectors across the region.

• Accountancy and Finance
• Banking Technology
• Energy
• Engineering
• Global Markets
• Human Resources
• IT
• Legal
• Oil and Gas
• Sales and Marketing
• Supply Chain
• Telecommunications

Huxley Associates have enjoyed continuous growth over the past 16 years and have established a network of 16 offices around the world including Dubai, New York, London, Sydney, Frankfurt, Hong Kong, Paris and Singapore. We are widely regarded as one the worlds leading executive recruitment consultancies offering unparalleled training, career progression and support to our consultants. This enables best in class service delivery across the marketplaces we focus upon.

Huxley is committed to developing long term business relationships in the MENA region and take pride in the provision of quality recruitment support to our clients. Firms driven by a need to attract the best candidates from the local and international community use us repeatedly to gain competitive advantage in the acquisition of hard to find skillsets across the MENA region.