Deadline: 13 August 2020
Islamic Development Bank (IsDB) is currently seeking applications from eligible applicants for the post of Senior Risk Management Specialist (Operational) in Jeddah, Saudi Arabia.
IsDB’s mission is to promote comprehensive human development, with a focus on the priority areas of alleviating poverty, improving health, promoting education, improving governance and prospering the people.
Key Jobs Responsibilities
The Senior Risk Management Specialist (Operational) will perform the following functions:
- Operational Risk Management:
- Develop, implement and maintain, in coordination with the Lead, a comprehensive framework for Operational Risk Management, to enable IsDB minimizing the risks of losses arising from inadequate or failed processes, people, systems, external events etc.
- Conduct accurate and in-depth Risk and Control Self-Assessments with the effective use of risk models and relevant software to identify the scale and sources of operational risk at the level of IsDB and recommends proper procedures to log such events and quantifies potential impacts.
- Implement advanced operational risk modeling, monitoring and reporting and proposes recommendation regarding cost-effective mitigation measures to minimize potential losses that may arise.
- Work closely with the IMDT department to develop and implement relevant operational risk management solutions to properly record, manage and mitigate operational risks.
- Operational Excellence & Knowledge Share:
- Provide technical guidance and reviews the work delivered by lesser experienced team members.
- Monitor the effective implementation and adherence to respective risk management policies, procedures and controls so that all relevant procedural / legislative requirements are fulfilled.
- Keep abreast of the latest developments, regulations and leading practices in the field and proposes any necessary actions.
Eligibility Criteria
Applicants must have:
- Bachelor’s Degree in Economics/ Finance/ Risk Management/ Mathematics/ Business Administration or related discipline.
- Master’s Degree/MBA/EMBA or professional certifications like CIA/CFA/PRM/FRM/CQF would be preferred.
- Minimum 8 year’s of relevant experience in the risk management function, of which at least 3 year’s in Operational Risk in a Multilateral Development Bank.
How to Apply
Applicants must submit their applications through online process.
For more information, visit IsDB.
