IDB3139 - Risk Management Specialist - Corporate Middle Office

Business Unit: President Complex
Division: Not Applicable
Department: Risk Management Department
Country: Saudi Arabia
Location: Saudi Arabia - Jeddah
Closing date: 24-Sep-2023


Support formulation of Bank-wide Valuation Policy on assets and security collaterals in OCR and other funds. Perform independent valuation function and provide guidance on impairments. Ensure adherence to the investment policies in the respective fund portfolios as managed/administered by Investment Department. Performance monitoring from risk, return and compliance perspectives.


 Corporate Middle Office (CMO)
• Support Development and maintenance of Bank-wide Valuation Policy on assets and security collaterals in line with the best business practices.
• Perform the independent valuation function on OCR and other funds.
• Coordinate with Finance Department in finalization of quarterly valuation and impairment for financial statements.
• Ensure regular monitoring of security and collateral / guarantees valuations and the Loan to Value (LTV) ratio on periodic basis.
• Ensure adherence to the funds managed/administered by Investment Department with the applicable and relevant investment policies.

• Perform the performance, risk and compliance monitoring and reporting activities on Bank-wide investment portfolios of Equity and Funds managed/administered the Investment Department.
• Ensure Pre-Trade and Post Trade Investment Compliance checks are performed on non-Treasury Investments.
• Perform detailed and comprehensive reporting on periodic as well as ad-hoc basis.
• Perform execution of IFRS-9 Expected Credit Loss models for quarterly reporting and analytics and provide assistance to Finance Department for impairment and provisioning calculations for all financing and investment operations.
• Ensure maintenance and custody of risk management master data and ensure unique identification for obligor across all relevant systems.

Operational Excellence and Support:
• Ensure that the relevant IsDB database are accurately and timely updated
• Propose and implement process improvements to increase efficiency, effectiveness and compliance of the related operations.

Academic and professional qualifications::


• Bachelor's degree in Economics / Finance / Risk Management / Mathematics / Business Administration or related discipline.
• Professional certifications like CFA/PRM/FRM/CQF or equivalent is preferred.
• Minimum 5 years of relevant experience in Risk Management Function, of which at least 2 years in Middle Office, preferably in a Multilateral Development Bank or a Multinational Bank.








Skills & Necessary Knowledge::

• Risk Assessment skills.
• Asset Valuation Techniques.
• Governance, Risk and Control.
• Analytical Thinking.
• Problem Solving
• MS Office


English: Mandatory

Arabic: Preferred

French: Preferred