Senior Risk Manager – Brokerage

Huxley Associates; Riyadh Region; On-site; SAR 120,000 - 180,000; Full time

Job summary

An established industry player is seeking a Senior Risk Manager to enhance their risk management framework within a dynamic investment banking environment. This role involves drafting policies, measuring risk exposures, and ensuring compliance with regulatory standards. The ideal candidate will possess a strong background in capital markets, particularly in brokerage and risk management, and will play a critical role in shaping the risk strategy of the organization. Join a forward-thinking team where your expertise will directly impact the firm's success and contribute to its growth in the competitive financial landscape.

Qualifications

• 5+ years of experience in capital markets and risk management.
• Strong knowledge in brokerage and operational risks.

Responsibilities

• Draft risk management policies and ensure compliance with regulations.
• Measure and report market and credit risk exposures.

Skills

Risk Management

Market Risk Analysis

Credit Risk Assessment

Operational Risk Management

Regulatory Compliance

Governance Policies

Education

Bachelor's Degree

CFA

FRM

Tools

Fidessa

Thomson Reuters

Job description

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. On Governance issues, he/she drafts risk management policies and procedures; proposes methodologies for the measurement of risk exposures and Raroc across risk classes; identifies and checks compliance with regulatory requirements on Risk Management; manages limit approvals and reviews.
2. On Risk Systems issues, the RMD specifies and/or reviews functional requirements and implementation plans with regards to brokerage and margin lending; defines annual testing of functionalities and models wherever applicable; organizes and maintains risk parameters and static data information within risk systems (Fidessa, Thomson & Reuters).
3. On Market Risk issues, he/she measures and reports market risk exposures on a Value-at-risk and Scenario Analysis basis; executes an annual backtesting and risk modeling validation exercise; reviews market-liquidity and funding-liquidity risk exposures; provides support on valuation issues involving financial instruments.
4. On Credit Risk issues, the RMD measures and reports credit risk exposures on settlement risk, pre-settlement risk, and margin lending risk; executes an annual securities classification review for margin lending; assesses credit risks related to the underwriting of equities and bonds as well as secured lending to clients.
5. On Operational Risk issues, the RMD develops and reports a Non-financial Risk Dashboard, highlighting major operational risk exposures and actions taken; facilitates Risk Assessment Workshops or expert risk assessments; works in cooperation with Internal Audit and Compliance.

CORE COMPETENCIES

1. University degree, bachelor level or higher; CFA, FRM or equivalent; perfect command of English, with Arabic being a clear advantage.
2. 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.