Risk Management Specialist

The Risk Management Specialist is responsible for supporting the implementation and maintenance of risk management framework. This includes identifying, assessing, monitoring, and mitigating risks across departments and projects to minimize potential losses. The role involves collaborating with internal teams and senior management to develop and apply risk-related strategies, policies, and procedures.

Reports To: Head of Risk Management

Supervises: None

Strategic:

• Contribute to the development of company strategies and project plans by identifying and highlighting key risks associated with various initiatives.
• Support the establishment of an integrated risk management framework that aligns with industry best practices and organizational needs.

Operational:

• Adherence to quality, health & Safety, Information security and business continuity policies.
• Assist in developing and implementing risk mitigation strategies and action plans, including policy updates, process improvements, and contingency planning.
• Support the development of risk management system, including methodologies for risk identification, escalation, mitigation, and follow‑up.
• Maintain the annual risk register and coordinate with departments to assign risk owners and monitor mitigation efforts.
• Prepare and present risk reports to senior management and stakeholders, highlighting significant risks and mitigation progress.
• Assist in creating risk‑related metrics and key performance indicators (KPIs).
• Contribute to the development and review of departmental policies and procedures to ensure effective controls.
• Help design operational risk reporting formats and templates.
• Support project teams in establishing project‑level risk management systems and procedures.
• Conduct risk assessments and monitor mitigation activities to ensure timely and effective execution.
• Promote a risk‑aware culture through communication, training, performance measurement, and change management initiatives.
• Coordinate and support training sessions to enhance risk management capabilities across departments.
• Perform any other ad‑hoc duties relevant to the role as assigned by the line manager.

People:

• Support the performance management process and its integration with learning and development, compensation, promotion, and career planning.
• Contribute to departmental talent development initiatives.
• Provide guidance and support to colleagues to foster continuous improvement.

Internal:

• Head of Risk Management
• All Employees

External:

• Key vendors and contractors
• Regulators and governmental authorities
• All relevant stakeholders

• % of staff trained in critical risk management techniques and awareness
• % of incidents occurred due to unidentified risks% of risks identified and controlled
• Degree of compliance with the risk management budget and plan
• Degree of effectiveness of risk management guidelines and response actions
• Degre of accuracy and completeness of risk registers

• Bachelor’s degree in business administration or any related discipline is preferred.
• Post graduate degree such as MSc, MBA or PGD in a relevant discipline will be preferred.
• Minimum 4 years of experience is preferred.
• Excellent command of English & Arabic languages is preferred.
• Proficient in MS Office tools.

Functional

Competencies:

• Expert knowledge of Risk Management systems including tracking and mitigation planning
• Expertise in root cause analysis methodologies for business risks and issues
• In-depth and expert knowledge of statutory and internal financial management standards
• Sound understanding of IT systems opportunities, risks, and limitations.
• Sound knowledge of all Al Awalia’s internal operational and business processes

Behavioural

Competencies:

• Idea and initiative development
• Collaboration and team player
• Professionalism - commitment to ethical standards and Integrity
• Proactive
• Customer focus
• Leadership and people management