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Job Description
- Responsible for the development and implementation of Enterprise Risk Management Framework in the company and management of the relationship with other sectors, departments, and sections in order to ensure that risks are identified, analyzed, evaluated, treated, and reported effectively and efficiently across the company.
- Responsible for the development and implementation of the Risk Management Framework.
- Assist the in setting the strategic direction of Risk Management function and ensure alignment to the company's overall strategic objectives, mission, vision, and values.
- Support the in fulfilling the Management role of maintaining and managing risks exposures within the risk appetite and limits set by the highest governing body.
- Prepare the periodic reports for the performance of the Division and submit them and monitor the achievement of the Division’s Key Performance Indicators.
- Develop Division’s operational plans and programs and submit them for approval.
- Lead the development of the proposed Risk Appetite and present it for review, input and feedback.
- Monitor the progress on the completion of risk assessment plans across the company when needed to ensure that any delays and challenges are adequately rectified and addressed.
- Coordinate with other assurance functions (i.e., Quality Management Department) and follow up on risk assessment plans for sectors, divisions, departments, and sections.
- Ensure that treatment plans and strategies are in line with Risk Appetite guidelines and review their effectiveness in reducing the risk exposure levels to the accepted limits set in the Risk Appetite.
- Monitor the readings of Key Risk Indicators (KRIs) and ensure that the Division is continuously adjusting risk exposure levels in light of these readings.
- Ensuring that all documents, plans, and records of the Division are maintained in accordance with the standards followed by the company.
- Maintains knowledge on current trends on technological and technical developments in risk management leading practices and submits recommendations regarding methods, tools, and systems that will raise operational efficiency.
Job Requirements
- Education
- A Master’s, or bachelor’s degree in Accounting, Business Administration, Finance, Risk Management, or other related discipline is required.
- Experience Required
- At least ten (10 years) with a bachelor’s degree of related Governance, Risk, and Compliance experience including five (5 ) years in a managerial capacity are required.
- Other Requirements (Certificates)
- Demonstrate proficiency in Enterprise risk management, and internal control & fraud prevention.
- Demonstrate understanding of Governmental Sector, Economic analysis & research, Policy development & management, Finance & accounting fundamentals.
- The calmness with the ability to maintain a clear mind in stressful situations.
- Strong foresight and conceptual thinking capabilities able to anticipate diverse risk scenarios.
- Strong problem-solving skills to be able to understand risk implications of Saudi Arabia and global economic trends on the healthcare
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