Senior risk manager – brokerage

Our client, a leading local Investment bank based in Saudi Arabia, is seeking a Senior Risk Manager to join their team.

Title: Senior Risk Manager - Brokerage

Client: Leading Bank in Saudi Arabia

Location: Saudi Arabia

Salary: Competitive

Reporting to: Head of Risk Management

ROLES & RESPONSIBILITIES

1. On Governance issues, draft risk management policies and procedures; propose methodologies for the measurement of risk exposures and Raroc across risk classes; identify and check compliance with regulatory requirements on Risk Management; manage limit approvals and reviews.
2. On Risk Systems issues, specify and/or review functional requirements and implementation plans with regards to brokerage and margin lending; define annual testing of functionalities and models wherever applicable; organize and maintain risk parameters and static data information within risk systems (Fidessa, Thomson & Reuters).
3. On Market Risk issues, measure and report market risk exposures on a Value-at-risk and Scenario Analysis basis; execute an annual backtesting and risk modeling validation exercise; review market-liquidity and funding-liquidity risk exposures; provide support on valuation issues involving financial instruments.
4. On Credit Risk issues, measure and report credit risk exposures on settlement risk, pre-settlement risk, and margin lending risk; execute an annual securities classification review for margin lending; assess credit risks related to the underwriting of equities and bonds as well as secured lending to clients.
5. On Operational Risk issues, develop and report a Non-financial Risk Dashboard, highlighting major operational risk exposures and actions taken; facilitate Risk Assessment Workshops or expert risk assessments; work in cooperation with Internal Audit and Compliance.

Job Requirements

Experience Min: 5 Years

Job Type: Full Time

Vacancies: 1 Open Position

Salary: Negotiable

Degree Level: Any

Faculty / Institute: Any

Major: Any

Age: Any

Nationality: Any

Residence Location: Any

Languages: Any

Own a Car: Any

Have Driving License: Any

Job Skills

CORE COMPETENCIES: University degree, bachelor level or higher; CFA, FRM or equivalent; perfect command of English, with Arabic being a clear advantage. 5 years or more of relevant professional experience in capital markets, with significant experience in Brokerage (stock brokerage, ETF market making, margin lending) and Risk Management highly desirable (e-brokerage, operational risks). Candidates with broad risk experience in Investment Banking are welcomed to apply.

About The Company

Huxley Associates is an international recruitment consultancy that provides specialised contingency and retained recruitment solutions in various sectors across the region.

• Accountancy and Finance
• Banking Technology
• Energy
• Global Markets
• Human Resources
• Legal
• Oil and Gas
• Sales and Marketing
• Supply Chain
• Telecommunications

Huxley Associates have enjoyed continuous growth over the past 16 years and have established a network of 16 offices around the world including Dubai, New York, London, Sydney, Frankfurt, Hong Kong, Paris, and Singapore. We are widely regarded as one of the world's leading executive recruitment consultancies offering unparalleled training, career progression, and support to our consultants. This enables best-in-class service delivery across the marketplaces we focus upon. Huxley is committed to developing long-term business relationships in the MENA region and takes pride in the provision of quality recruitment support to our clients.

Company Industry: Recruitment Agencies

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