VP - IT Governance - Emkan Finance

Al Rajhi Banking & Investment Corporation; Riyadh; On-site; SAR 500,000 - 700,000; Full time

Job summary

A leading banking institution in Riyadh seeks a Vice President of IT Governance to establish and oversee the IT governance framework ensuring alignment with business objectives and compliance. This senior leadership role involves driving IT policy development, collaborating with C-suite executives, and overseeing IT project management. The ideal candidate should have strong experience in IT governance, a relevant degree, and the ability to foster accountability and operational excellence.

Qualifications

• Proven experience in IT governance roles at a senior level.
• Strong understanding of compliance and regulatory requirements.
• Ability to develop and implement strategic plans effectively.

Responsibilities

• Establish and oversee IT governance framework.
• Develop annual business plans for the Fraud section.
• Report on progress and facilitate informed decision-making.
• Manage employee performance and development.
• Oversee IT project and portfolio management.

Skills

Leadership

Strategic planning

IT governance

Risk mitigation

Stakeholder management

Education

Bachelor's degree in IT or related field

Relevant certifications (e.g., ITIL, COBIT)

Job description

The Vice President of IT Governance is a senior leadership role responsible for establishing and overseeing the organization’s IT governance framework to ensure alignment with business objectives, regulatory requirements, and industry best practices. This role drives the development and enforcement of IT policies, standards, and processes to optimize IT performance, mitigate risks, and ensure compliance. The VP of IT Governance collaborates with C-suite executives and cross-functional teams to align IT strategy with organizational goals, fostering accountability, transparency, and operational excellence.

• Develop the annual business plans for the Fraud section ensuring alignment to the function’s strategic plan.
• Contribute to the formulation and implementation of the strategy in line with EMKAN’ vision, mission and Business Focus Areas.
• Report on the progress of activities against the annual business plans, opportunities, challenges and issues faced, mitigations taken, etc. as required, to facilitate informed decision-making.
• Build high levels of trust and understanding with internal and external stakeholders to promote full compliance with industry regulations and promote broader understanding of EMKAN interests and practices.
• Manage employee performance and development by assigning individual performance targets and development objectives at least on an annual basis.
• Direct and supervise the activities and work of subordinates by providing formal and informal feedback regularly and on a timely basis, to ensure that all work is carried out in an efficient manner and in accordance with set individual targets.
• Collaborate with Human Resources department in development of business unit’s manpower plan to ensure timely and best-of-class delivery of tasks.
• Prepare and recommend the department’s budget in alignment to the respective annual business plan.
• Oversee costs and activities are monitored on a regular basis highlighting any relevant opportunities and issues, to facilitate appropriate decision-making in line with changing priorities.
• Manage the implementation and contribute towards the development of departmental policies, system, processes procedures and controls covering all areas of the function so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective service in a consistent manner.
• Manage the continuous improvement of existing policies, processes and procedures to drive incremental benefits through efficiencies and better insights and analysis.
• Establish and monitor key performance indicators (KPIs) and governance metrics to evaluate IT performance, providing actionable insights to stakeholders.
• Lead the governance of IT change management processes, ensuring changes to systems, processes, or policies are controlled, documented, and aligned with organizational goal
• Oversee IT project and portfolio management, ensuring projects are prioritized, funded, and executed in alignment with strategic goals and governance standards.