Risk Officer

ARP Digital builds regulated digital capital infrastructure for GCC cross-border transactions, providing settlement rails, conversion tools, and institutional-grade liquidity for exchange houses, PSPs, and financial institutions. Through its Arp FLOW platform, the company offers a single integration that delivers a full stack of services, including OTC conversion (FLOW Convert), cross-border B2B settlement (FLOW Send), and digital assets-to-fiat collections and payouts (FLOW Receive).

ARP Digital operates in highly regulated environments and is licensed as a Capital Market–Crypto Assets Service Provider (Cat3) by the Central Bank of Bahrain. The company also holds a VARA In-Principle Approval in the UAE, reflecting strong regulatory alignment in two of the GCC’s most rigorous frameworks. Co-founded by Abdulaziz and Abdulla Kanoo, fifth-generation members of the Kanoo Group, ARP Digital builds on 135 years of regional institutional history while scaling modern digital financial infrastructure.

We are looking for a Risk Officer to lead our risk management function and serve as a CBB Approved Person for this controlled function.

Key Responsibilities

• Own and maintain the company’s Enterprise Risk Management Framework, risk appetite statement and risk policies, in line with the CBB Rulebook (Volume 6, CRA Module).
• Identify, assess, monitor and report on all material risks, including market, liquidity, credit/counter party, operational, technology, custody and crypto-asset specific risks.
• Maintain the risk register and lead periodic risk assessments across products, business lines and new initiatives.
• Assess counter party and liquidity provider risk, and set and monitor exposure limits.
• Oversee operational risk, incident management, key risk indicators and loss event reporting.
• Contribute to Business Continuity and Disaster Recovery planning and testing.
• Review new products, partnerships and material changes from a risk perspective before launch.
• Prepare risk reports for Senior Management, the Board and the Board Risk Committee.
• Support regulatory reporting, CBB inspections and engagement on risk matters.
• Coordinate with Compliance, Finance, Operations, Technology and Internal Audit to ensure an integrated control environment.
• Promote a strong risk culture through training and awareness across the organisation.

Requirements

• Bachelor’s degree in Finance, Risk Management, Economics or a related field.
• Minimum 5 years of risk management experience in financial services, ideally within a CBB-regulated institution.
• Experience in crypto-assets, digital assets or fintech is highly preferred.
• Strong working knowledge of the CBB Rulebook and regulatory expectations for licensees.
• Ability to meet the CBB’s fit and proper requirements for an Approved Person.
• Professional certifications such as FRM, PRM, CRISC or equivalent are an advantage.
• Excellent analytical, reporting and stakeholder communication skills in English (Arabic is a plus).