Overview
Chief Risk Officer, Saudi Arabia Jobs in Riyadh at Standard Chartered
Title: Chief Risk Officer, Saudi Arabia
Company: Standard Chartered
Location: Riyadh
Job
: Risk
Primary Location
: Africa & Middle East-Saudi Arabia-Riyadh
Schedule
: Full-time
Employee Status
: Permanent
Posting Date
: 15/Dec/2022, 12:25:39 AM
Unposting Date
: 14/Jan/2023, 5:59:00 PM
The Role Responsibilities
Strategy
Alignment to the group’s strategic intent and management of risk as part corporate plan and risk appetite
Contribute to the strategic decisions of SCB branch as part of local management team.
Business
Align strategy of risk function with business strategy and risk management relevant policies for Saudi Arabia
Develop risk capabilities, skills and infrastructure to meet ongoing business needs and regulatory requirements.
Provide oversight and governance of all risk aspects.
Processes
Supervise all processes where a member of your function is identified as process owner
Ensure effective management of operational risk within risk function and compliance with applicable internal policies and external laws and regulations.
Continuously improve the operational efficiencies and effectiveness of risk
People & Talent
Employ, engage and retain people with the required competency
In partnership with group risk function:
Define the relevant organization structure need in alignment with the need of SCB Saudi Arabia branch
Provide leadership participation in development of Saudi talent and Saudization agenda.
Uphold and reinforce the independence of the risk function from those whose prime responsibility is to maximize revenues and profits.
Establish the required training plans for your team members and provide necessary coaching when required.
Reinforce D&I in line with group strategic intent and country priorities
Lead by example and embed Group’s values and Code of Conduct and comply with all local regulations.
Risk Management
Implement the Enterprise Risk Management Framework (“ERMF”) in line with group approach.
Manage Risk in country in line with local and group’s risk appetite
Chair the Country Risk Committee (“CRC”) and ensure the committee is exercising its responsibilities effectively. In addition, contribute effectively to other committees in line with authorities and responsibilities as stipulated in respective Term of Reference.
Governance
Oversee effective implementation of ERMF and rollout of all risk committees / forums
Exert 2nd line oversight for the risk tagged to CRO.
Liaise effectively with key stakeholders to identify weaknesses and gaps and to suggest remedies.
Regulatory & Business Conduct
Display exemplary conduct and live by the Group’s Values and Code of Conduct.
Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
Lead Standard Chartered Saudi Arabia team to achieve the outcomes set out in the Bank’s Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.] *
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Local Regulator: SAMA
Key stakeholders
Internal:
Country CEO
Business Heads
Internal Audit Team
Regional / Group Risk Teams
Cluster Heads for various functions
External:
Regulator / Regulators
External Auditors
CROs in other financial institutions
Economic and Industry associations in country
Other Responsibilities
Embed Here for good and Group’s brand and values in SCB Saudi Arabia; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats)
Our Ideal Candidate
Academic Qualifications: Minimum graduate
Finance / Banking qualification is a preference
Certification / Accreditation: Risk Management Certification from well recognized institution is a preference i.e. PRM, FRM etc. or CRO bootcamp issued by SCB.
Experience: 10 years of minimum experience with 5 years at least in Risk Management. Well round experience in different functions / businesses is an added advantage.
Languages: English and Arabic
The candidate needs to be Saudi National
Role Specific Competencies
Risk Management
IFRS9
ICAAP / Stress Test
Operational Risk
Basel Regulations
Communication Skills
About Standard Chartered
We’re an international bank, nimble enough to act, big enough for impact. For more than 160 years, we’ve worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you’re looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents. And we can’t wait to see the talents you can bring us. Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you’ll see how we value difference and advocate inclusion. Together we:
Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum
Flexible working options based around home and office locations, with flexible working patterns
Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies – everyone feels respected and can realise their full potential.
Recruitment assessments – some of our roles use assessments to help us understand how suitable you are for the role you’ve applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website www.sc.com/careers
