Risk Management Specialist

A leading organization in Saudi Arabia is looking for a qualified Risk Specialist to join its Governance, Risk & Compliance function and support enterprise risk management, AML, CTF, and fraud risk management activities.

This role is responsible for supporting the identification, assessment, monitoring, and mitigation of strategic, operational, financial, regulatory, and financial crime risks, while contributing to a strong risk-aware and ethical culture across the organization.

• Support the development, implementation, and maintenance of the Risk Management Strategy, including risk frameworks, policies, standards, and procedures.
• Ensure risk management activities are aligned with ISO 31000, COSO ERM, and applicable AML/CTF standards.
• Support the development and implementation of the Risk Appetite Framework.
• Execute the enterprise risk management lifecycle, including risk identification, assessment, mitigation, monitoring, and reporting.
• Develop, maintain, and update risk registers, risk reports, and Key Risk Indicators (KRIs).
• Monitor the organization’s risk profile against approved risk appetite, tolerance, and capacity.
• Escalate material risk breaches, incidents, and emerging risks to relevant stakeholders in a timely manner.
• Support the implementation of AML, CTF, and fraud risk management frameworks, controls, and monitoring mechanisms.
• Conduct and support AML/CTF risk assessments, customer due diligence (CDD), enhanced due diligence (EDD), transaction monitoring, and fraud risk mitigation activities.
• Promote a risk-aware culture across the organization through awareness and advisory activities.
• Support the development and delivery of risk, AML, CTF, and fraud awareness programs in coordination with relevant departments.
• Provide risk and financial crime advisory support to business units and relevant stakeholders.
• Prepare periodic reports and dashboards related to risk management, ERM maturity, AML/CTF, and fraud risk performance.
• Recommend corrective, preventive, and mitigation actions to strengthen enterprise risk management and financial crime controls.

• Bachelor’s degree in Risk Management, Business Administration, Finance, Accounting, or a related field.
• +5 years of experience in risk management, enterprise risk, compliance, financial crime risk, or a related field.
• Experience in IT services or technology environments is preferred.
• Strong knowledge of enterprise risk management, risk assessment methodologies, and regulatory frameworks in Saudi Arabia.
• Good understanding of AML, CTF, fraud risk management, and financial crime risk controls.
• Familiarity with ISO 31000 and COSO ERM frameworks.
• Experience in preparing risk registers, KRIs, risk reports, and management dashboards.
• Strong analytical and problem‑solving skills.
• Strong communication and stakeholder management skills.
• Ability to work collaboratively with different departments and stakeholders.

• AML / CTF or Fraud Risk related certification