Enterprise Risk Management (ERM) Consultant - At Client Location

Note : This is job is based in client's location in Saudi Arabia

Job Title :

Enterprise Risk Management (ERM) Consultant

Location : Riyadh, Saudi Arabia

Company : TechElevate

About Us :

TechElevate is a Pune-based Technology Consulting and Talent Development firm that supports organizations with secure, scalable digital solutions and empowers individuals with in-demand technical skills.

Experience : 10 to 15 years

Qualifications :

Bachelor’s or Master’s degree in Risk Management, Business Administration, or a related field

Strong knowledge of ISO 31000 risk management standards

Skills :

Proven experience in governance, operational risk, and strategic risk assessments

Excellent analytical, problem-solving, and communication skills

Ability to develop and implement policies and procedures effectively

Proficiency in risk assessment tools and software (preferred)

Key Responsibilities :

Conduct comprehensive assessments of the current Enterprise Risk Management framework, governance structures, and practices

Identify gaps and recommend improvements to comply with SAMA ERM regulations and ISO 31000 best practices

Develop and implement a robust ERM strategy aligned with organizational objectives and risk culture

Draft, review, and update ERM-related policies, standards, and procedures

Establish clear governance structures for risk ownership, reporting, and escalation

Integrate risk management into corporate strategy, business planning, and decision-making processes

Develop or refine the Risk Appetite Statement and Risk Tolerance limits with senior management and the board

Align risk appetite with regulatory expectations, business objectives, and capital adequacy requirements

Implement a structured risk assessment program covering risk identification, analysis, evaluation, and monitoring

Facilitate workshops and interviews with business units to assess strategic, operational, financial, compliance, and reputational risks

Create and maintain risk registers, heat maps, and dashboards to improve visibility of risk exposures

Provide periodic risk reports to senior management, Risk Committees, and the Board

Ensure all ERM activities comply with SAMA ERM framework and ISO 31000 : 2018 principles

Support internal and external audits and regulatory reviews by providing evidence of ERM compliance

Deliver training and awareness sessions on ERM concepts, policies, and responsibilities

Foster a risk-aware culture throughout the organization