Risk Manager

Job Purpose/Overview: The risk manager is responsible for managing the risk of the organization, its employees, customers, reputation, assets, and stakeholders’ interests. He will work in various sectors and may specialize in several areas, including enterprise risk, corporate governance, regulatory and operational risk, business continuity, information and security risk, technology risk, and market and credit risk.

Roles & Responsibilities:

  • Planning, designing, and implementing an overall risk management process for the organization.
  • Risk assessment involves analyzing risks as well as identifying, describing, and estimating the risks affecting the business.
  • Risk evaluation involves comparing estimated risks with criteria established by the organization, such as costs, legal requirements, and environmental factors, and evaluating the organization’s previous handling of risks.
  • Establishing and quantifying the organization’s ‘risk appetite Framework.’
  • Establishing and quantifying the organization’s ‘risk appetite Statement, i.e., the level of risk they are prepared to accept.
  • Risk reporting in an appropriate way for different audiences, for example, to the board of directors, so they understand the most significant risks, to business heads to ensure they are aware of risks relevant to their parts of the business, and to individuals to understand their accountability for individual risks.
  • Corporate governance involves external risk reporting to stakeholders.
  • Carrying out processes such as purchasing insurance, implementing health and safety measures, and making business continuity plans to limit risks and prepare for if things go wrong.
  • Conducting audits of policy and compliance to standards, including liaison with internal and external auditors.
  • Providing support, education, and training to staff to build risk awareness within the organization
  • Review and assess the company contracts from a risk point of view.
  • Prepare training for the employees.
  • Create and enhance the Risk Committee Charter.
  • Secretary of Risk Management Committee.
  • Complying with the regulations from all the regulators of the insurance company in Saudi Arabia.
  • Responsibility for ensuring the provided data is related to the Risk-Based Supervision Quarterly Report (RBS).

Qualification/ Education:

Bachelor’s Degree in Risk Management, Business Administration, Industrial Engineering, or related field. Minimum three years experience in Risk Management, Insurance, Business Continuity, and Fraud supervision.

Preferred Requirements:

  • Certified in one or more of the following:
  • Chartered Property Casualty Underwriter (CPCU)
  • Associate in Risk Management (ARM)
  • Certified Risk Management Professional (PMI-RMP) ®
  • Certified Risk Manager (CRM)
  • Certifications in Disaster Recovery and Business Continuity


  • Communication Proficiency.
  • Personal Credibility/Effectiveness.
  • Personal Impact through Organizational Awareness
  • Results Driven.
  • Teamwork Orientation and Conflict Management


  • Excellent communication skills, Fluent in both Arabic and English language oral and written
  • Demonstrated leadership and management abilities
  • Excellent relationship-building skills with different departments, locations, and employees within SE.
  • Ability to interface with public and governmental agencies

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