IDB2293 - Senior Specialist, Risk Management
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Business UnitZ-Archive
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DivisionNot Applicable
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DepartmentNot Applicable
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CountrySaudi Arabia
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LocationSaudi Arabia - Jeddah
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Job Grade8
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Contract TypeConditional Regular (Indefinite) Employment
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Closing Date12-Jun-2019
Risk Management Division
ORGANIZATIONAL STRUCTURE
RMD is reporting to the Chief Executive Officer
ROLE
The Risk Management Division is under the Corporate Services and is mandated to lead and coordinate efforts to manage and report all risks detrimental to ICIEC operations, not only in insurance operations but also in liquid fund investment, and other areas such as finance and administration. RMD shall support the achievement of ICIEC objectives by addressing the full spectrum of risks and managing the possible adverse impact of those risks.
RMD is to lead the effort to update and draw down policies and guidelines for all operational areas with the support of the concerned risk areas. The risk management role of RMD shall be clearly defined in such policies and guidelines. RMD needs to exercise its responsibilities based on rules and regulations and attend the relevant committees in ICIEC and IDB Group.
RMD shall use IT tools for identification, analysis, control and regular reporting of risk to the senior management, audit committee, IDB Group Risk Management, Compliance and other relevant functions within ICIEC and IDBG.
Person
JOB PURPOSE
The role is responsible for effectively handling the risk of insurance and fund investment operations by coordinating with key stakeholders in identifying any potential risks, categorizing the identified risk, identifying risk metrics, liaising with relevant stakeholders to develop risk mitigation strategy and analyzing the effectiveness of risk mitigation strategy.
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KEY RESPONSIBILITIES
Credit Risk (Underwriting) Review and Model Validation:
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Credit Risk Monitoring and Reporting (Post policy, claims and recovery)
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Operational & Market Risk:
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Country Risk Research and Rating:
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PR Review (Underwriting) and Rating Validation
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Portfolio Review, Monitoring, Reporting coordination and Compliance
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Market, Liquidity Risk /ALM and capital Review, Monitoring & Reporting Market and Liquidity: a.Market Risk:
b.Liquidity Risk:
c.Treasury Risk:
d.Capital Management:
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ERM & Risk Intelligence
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Experience
Nature of Experience |
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Qualifications
Academic Qualifications and Relevant Experience |
Qualification Level |
High School Diploma |
Bachelor’s Degree |
Master’s Degree |
Doctorate |
Experience |
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12 years |
9 years |
7 |
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Professional Certifications (as applicable) |
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Business Language Skills |
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Other Information
Key Performance Indicators |
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About Application Process
If you meet the criteria and you are enthusiastic about the role, we would welcome your application. To complete the application you would need the following document(s):
- Resume/CV
- Passport-size photograph