Head Risk Management
MECS
Risk Management - (Position based In Saudi Arabia)
Sustain and enhance overall risk management process for the organization as per risk management framework and exercise and improve BCM program to strengthen resiliency.
Develop and administer risk management mechanisms and frameworks, based on international best practices.
Provide aggregated and detailed reports on risks in line with the risk appetite and limit as per risk management policy.
Advise senior executive leadership and the board on risks and provide strategic decision-making advice to ensure they are aware of risks relevant to the organization.
Coordinate the development of risk-free services framework in the investment ecosystem.
Investigate potential risks and deploy mitigation measures accordingly. In case of incidents and assets’ loss, conduct thorough studies and consolidate lessons learned.
Engage with Accounting & Treasury on modification of internal policies based on updates of safety legislation's and industry practices.
Prepare and deliver monthly reports on the most significant risks and processes to assist relevant departments in de-risking their operations.
Risk Management -
Sustain and enhance overall risk management process for the organization as per risk management framework and exercise and improve BCM program to strengthen resiliency.
Develop and administer risk management mechanisms and frameworks, based on international best practices.
Provide aggregated and detailed reports on risks in line with the risk appetite and limit as per risk management policy.
Advise senior executive leadership and the board on risks and provide strategic decision-making advice to ensure they are aware of risks relevant to the organization.
Coordinate the development of risk-free services framework in the investment ecosystem.
Investigate potential risks and deploy mitigation measures accordingly. In case of incidents and assets’ loss, conduct thorough studies and consolidate lessons learned.
Engage with Accounting & Treasury on modification of internal policies based on updates of safety legislation's and industry practices.
Prepare and deliver monthly reports on the most significant risks and processes to assist relevant departments in de-risking their operations.
Create risk control systems to manage violations of investment guidelines and internal policies.
Coordinate with Internal Audit to conduct policy and compliance audits, which will include liaising with internal and external investment stakeholders.
Build communication plan and training strategy, to raise internal departments awareness on corporate risks, policies and procedures deployed, and processes to follow accordingly.
Strategic Contribution -
Ensure effective cascading of the divisional strategy into sectional business plans to ensure vertical alignment and horizontal integration with other interfacing strategies.
Strategy Formulation, Implementation and Planning
As a member of the executive management team, participate in the development and refinement of the company's overall vision and strategy, and contribute to the overall process of corporate management and decision making to ensure the organization maximizes its short, medium, and long-term profitability and returns to its shareholders.
In conjunction with the CEO, formulate and direct the implementation of the divisional strategy in line with the company's vision, mission, and corporate objectives.
Ensure that the overall business strategy is translated into annual operational business plans across all divisions and the performance is monitored to ensure business plans are in line with the overall strategy.
People Management
Manage the effective achievement of assigned objectives through the leadership of the assigned section by setting of individual objectives, managing performance, developing, and motivating staff to maximizes sectional performance.
Lead the talent development initiatives for the assigned section, collaborating with technical/discipline experts and thereby ensure the availability of talent to fit business requirements.
Budgeting and Financial Planning -
Manage the preparation and recommend the sectional budget and monitor financial performance versus the budget while ensuring all sectional activities are conducted in line with the approved guidelines.
Policies, Systems, Processes & Procedures -
Manage and ensure effective implementation of policies, procedures and controls covering all areas of assigned sectional activity so that all relevant procedural/legislative requirements, fulfilled while delivering a quality, cost-effective service.
Continuous Improvement -
Lead the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.
Reporting -
Ensure that all sectional reports are prepared timely and accurately and meet the company's requirements, policies, and quality standards..
Related Assignments -
Perform other related duties or assignments as directed by the SHERQ Department Manager.
Internal
The company's board of Directors.
The company management.
All departments within The company.
Context, Work Environment & Decision-Making Authority:
The job holder is required to foresee and meet current and potential challenges presented by rapid operational and staff growth in creating and implementing effective SHERQ Department strategy.
Key decisions having significant impact on Risk Management section are referred to the SHERQ Department Manager for approval before implementation.
The job holder exercises financial authority as per the level established by the company's Chief Financial Officer.
Qualifications, Experience & Skills:
Minimum Qualifications:
Bachelor’s degree in Accounting, Finance from a reputable university.
Minimum Experience:
Minimum of 8 years of experience in accounting or finance at senior level, of which at least 5 years are in positions of progressively increasing managerial responsibilities.
Manufacturing/ steel industry experience is preferred.
Job-Specific Skills (Generic / Technical):
Proficiency in English and Arabic.
Ability to provide strategic direction and swiftly adapt the plans in line with changing trends.
Deep understanding of finance in manufacturing business and related industry.
Advanced leadership skills and ability to manage personnel in a multi-cultural work environment.
Strong communication and presentation skills.
Excellent relationship building and negotiation skills.
Excellent decision-making & problem-solving skills.
Excellent planning, organizational and time management skills.
Sustain and enhance overall risk management process for the organization as per risk management framework and exercise and improve BCM program to strengthen resiliency.
Develop and administer risk management mechanisms and frameworks, based on international best practices.
Provide aggregated and detailed reports on risks in line with the risk appetite and limit as per risk management policy.
Advise senior executive leadership and the board on risks and provide strategic decision-making advice to ensure they are aware of risks relevant to the organization.
Coordinate the development of risk-free services framework in the investment ecosystem.
Investigate potential risks and deploy mitigation measures accordingly. In case of incidents and assets’ loss, conduct thorough studies and consolidate lessons learned.
Engage with Accounting & Treasury on modification of internal policies based on updates of safety legislation's and industry practices.
Prepare and deliver monthly reports on the most significant risks and processes to assist relevant departments in de-risking their operations.
Risk Management -
Sustain and enhance overall risk management process for the organization as per risk management framework and exercise and improve BCM program to strengthen resiliency.
Develop and administer risk management mechanisms and frameworks, based on international best practices.
Provide aggregated and detailed reports on risks in line with the risk appetite and limit as per risk management policy.
Advise senior executive leadership and the board on risks and provide strategic decision-making advice to ensure they are aware of risks relevant to the organization.
Coordinate the development of risk-free services framework in the investment ecosystem.
Investigate potential risks and deploy mitigation measures accordingly. In case of incidents and assets’ loss, conduct thorough studies and consolidate lessons learned.
Engage with Accounting & Treasury on modification of internal policies based on updates of safety legislation's and industry practices.
Prepare and deliver monthly reports on the most significant risks and processes to assist relevant departments in de-risking their operations.
Create risk control systems to manage violations of investment guidelines and internal policies.
Coordinate with Internal Audit to conduct policy and compliance audits, which will include liaising with internal and external investment stakeholders.
Build communication plan and training strategy, to raise internal departments awareness on corporate risks, policies and procedures deployed, and processes to follow accordingly.
Strategic Contribution -
Ensure effective cascading of the divisional strategy into sectional business plans to ensure vertical alignment and horizontal integration with other interfacing strategies.
Strategy Formulation, Implementation and Planning
As a member of the executive management team, participate in the development and refinement of the company's overall vision and strategy, and contribute to the overall process of corporate management and decision making to ensure the organization maximizes its short, medium, and long-term profitability and returns to its shareholders.
In conjunction with the CEO, formulate and direct the implementation of the divisional strategy in line with the company's vision, mission, and corporate objectives.
Ensure that the overall business strategy is translated into annual operational business plans across all divisions and the performance is monitored to ensure business plans are in line with the overall strategy.
People Management
Manage the effective achievement of assigned objectives through the leadership of the assigned section by setting of individual objectives, managing performance, developing, and motivating staff to maximizes sectional performance.
Lead the talent development initiatives for the assigned section, collaborating with technical/discipline experts and thereby ensure the availability of talent to fit business requirements.
Budgeting and Financial Planning -
Manage the preparation and recommend the sectional budget and monitor financial performance versus the budget while ensuring all sectional activities are conducted in line with the approved guidelines.
Policies, Systems, Processes & Procedures -
Manage and ensure effective implementation of policies, procedures and controls covering all areas of assigned sectional activity so that all relevant procedural/legislative requirements, fulfilled while delivering a quality, cost-effective service.
Continuous Improvement -
Lead the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.
Reporting -
Ensure that all sectional reports are prepared timely and accurately and meet the company's requirements, policies, and quality standards..
Related Assignments -
Perform other related duties or assignments as directed by the SHERQ Department Manager.
Internal
The company's board of Directors.
The company management.
All departments within The company.
Context, Work Environment & Decision-Making Authority:
The job holder is required to foresee and meet current and potential challenges presented by rapid operational and staff growth in creating and implementing effective SHERQ Department strategy.
Key decisions having significant impact on Risk Management section are referred to the SHERQ Department Manager for approval before implementation.
The job holder exercises financial authority as per the level established by the company's Chief Financial Officer.
Qualifications, Experience & Skills:
Minimum Qualifications:
Bachelor’s degree in Accounting, Finance from a reputable university.
Minimum Experience:
Minimum of 8 years of experience in accounting or finance at senior level, of which at least 5 years are in positions of progressively increasing managerial responsibilities.
Manufacturing/ steel industry experience is preferred.
Job-Specific Skills (Generic / Technical):
Proficiency in English and Arabic.
Ability to provide strategic direction and swiftly adapt the plans in line with changing trends.
Deep understanding of finance in manufacturing business and related industry.
Advanced leadership skills and ability to manage personnel in a multi-cultural work environment.
Strong communication and presentation skills.
Excellent relationship building and negotiation skills.
Excellent decision-making & problem-solving skills.
Excellent planning, organizational and time management skills.
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