Director, Financial Risk Solutions

Job description

Job Location - Riyadh, Saudi Arabia

Our budget for this position is 7,000 USD or 6.2 Lakhs INR per month (tax-free). Please apply only if you fall in the given criteria.

As the Director of Enterprise Risk Management, you will be responsible for leading company's advisory practice in the financial risk advisory. The role requires proven expertise in risk modeling, regulatory compliance, policy design, and governance, with a strong emphasis on GCC markets. A solid understanding of Basel frameworks (Basel III / IV), IFRS9 / CECL, and Pillar 1 capital computation.

You will lead high-profile client engagements across the financial services industry, provide strategic insights, and deliver innovative solutions to meet evolving regulatory and business challenges. This position also entails overseeing teams, driving business development, and collaborating with senior stakeholders to align risk management strategies with organizational objectives.

Extensive experience in assisting multiple large banks and leading teams in the implementation and validation of diverse risk models, including IFRS9, Stress Testing, and Basel III / IV frameworks (FRTB, CVA, IRB, IRRBB, and ICAAP). Expertise spans across credit, market, liquidity, and operational risk models.

Lead engagements to develop / validate rating models for different segments such as LCM, NBFC, and CF basis different quantitative tests such as Gini, KS, PSI, Binomial, HHI, and Type I, II error as well as qualitative factors as per BCBS 14 and other industry practices.

Lead the development, validation, and implementation of IFRS9 / CECL-compliant credit risk models, including Probability of Default (PD), Loss Given Default (LGD), Exposure at Default (EAD), and Expected Credit Loss (ECL) computation for banks and financial institutions across GCC, USA, and UK.

Oversee the validation of market risk models such as Value at Risk (VaR), Stressed VaR (SVaR), and Expected Shortfall (ES) for various asset classes.

Assist central banks in conducting risk-based supervision, including compliance reviews and developing risk management strategies for supervised entities.

Monitor and guide the execution of Internal Capital Adequacy Assessment Processes (ICAAP) and Internal Liquidity Adequacy Assessment Processes (ILAAP), ensuring effective deliberation at management and board-level risk committees.

Responsible for developing and implementing Enterprise Risk Management (ERM) policies and establishing a robust governance structure through collaboration with various stakeholders of the bank.

Guide the production of risk reports for senior stakeholders, demonstrating alignment with regulatory and organizational objectives.

Responsible for monitoring and reviewing all tools, methodologies, policies, and procedures developed by risk management teams, and facilitating their approval by the Board / Executive Risk Management Committees.

Supervise the creation and validation of pricing models for both vanilla and exotic products, ensuring compliance with regulatory requirements and industry best practices.

Conduct end-to-end validation of models built on tools like R, Python, SAS, and ensure alignment with Basel standards.

Compute fair value of derivatives and other financial instruments using independent models and market data, ensuring compliance with accounting and regulatory requirements.

Develop and validate discounted cash flow models and other valuation methodologies for risk assessment and pricing purposes.

Lead the development of comprehensive Risk Control Self-Assessments (RCSA), Key Risk Indicators (KRI), and risk mitigation strategies.

Oversee the identification of operational risks, development of business line risk libraries, and monitoring of loss events.

Implement and validate risk management systems, including Murex, Calypso, Moodys, and SAS, to enhance risk infrastructure and analytics capabilities.