130 Internal Controls jobs in Saudi Arabia

We are supporting the launch of a
landmark confidential project
in Riyadh and are seeking an experienced
Executive Director of Financial Controls
to join the leadership team.

The Role

As Executive Director, you will oversee the financial control framework for this high-profile initiative, ensuring robust governance, compliance, and reporting standards across the project. You will lead on risk management, internal controls, and financial integrity, working closely with senior stakeholders to drive accountability and transparency.

Key Responsibilities

• Establish and oversee the financial control strategy and governance framework.
• Lead compliance with international accounting standards, regulatory requirements, and audit processes.
• Develop and implement systems and processes to strengthen risk management and internal controls.
• Partner with executive leadership to provide insight, assurance, and financial stewardship.
• Build, mentor, and lead a high-performing financial controls team.

The Candidate

We are looking for a senior finance leader with:

• Extensive experience in
  financial controls, audit, and governance
  at executive level.
• Proven track record in delivering financial leadership on
  large-scale or complex projects
  .
• Strong understanding of international standards, risk management, and compliance.
• Excellent stakeholder management and leadership skills.
• Previous experience in the Middle East is desirable but not essential.

The Opportunity

This is a chance to play a pivotal role in one of the most ambitious and transformative projects in the region. The position offers a
unique platform to shape financial governance at scale
and contribute to a project of national and global significance.

Head Office

To lead and carry out Financial Reporting Functions, monitoring controls and co-ordinate in quarterly and annual reviews and audits.

• Manage and oversee the finance function of subsidiaries.
• Checking the controls and their compliance in Finance Department.
• Coordination in Quarterly Reviews and Annual Statutory Audits.
• Preparation of white position papers under IFRS ambit.
• Follow up and maintain the Finance Policies and their approval from Compliance.
• Supporting IKTVA Team in their quarterly reporting.
• Monthly preparation of Balance sheet and consolidation with ADC's Subsidiary (ies).
• Conduct analysis of the key accounts in the consolidated / standalone financial statements and identify any trend or variance.
• Support and participate in ADC's Strategic activities as per the directives from senior management.
• Additional duties as directed by the Management.

• A minimum of 6 years of relevant experience.
• Quantitative and analytical skills.
  Communication and presentation skills.

Job Segment: Accounting, Financial, Finance

Head Office

To lead and carry out Financial Reporting Functions, monitoring controls and co-ordinate in quarterly and annual reviews and audits.

• Manage and oversee the finance function of subsidiaries.
• Checking the controls and their compliance in Finance Department.
• Coordination in Quarterly Reviews and Annual Statutory Audits.
• Preparation of white position papers under IFRS ambit.
• Follow up and maintain the Finance Policies and their approval from Compliance.
• Supporting IKTVA Team in their quarterly reporting.
• Monthly preparation of Balance sheet and consolidation with ADC's Subsidiary (ies).
• Conduct analysis of the key accounts in the consolidated / standalone financial statements and identify any trend or variance.
• Support and participate in ADC's Strategic activities as per the directives from senior management.
• Additional duties as directed by the Management.

• A minimum of 6 years of relevant experience.
• Quantitative and analytical skills.
  Communication and presentation skills.

Job Segment: Accounting, Financial, Finance

Overview

Department: Risk Management

Location: KSA

About the role: The Risk Management Analyst will support the Risk Manager in developing, implementing, and maintaining effective risk management strategies that protect the organization from potential threats and vulnerabilities. This role requires a detail-oriented and analytical thinker who can conduct risk assessments, assist in compliance monitoring, and support business continuity planning.

The Risk Management Analyst will work closely with various departments to gather risk-related information, provide insights for decision-making, and ensure alignment with regulatory requirements and organizational goals. The ideal candidate will have experience in risk management processes, data analysis, and reporting, contributing to the continuous improvement of the organization's risk management practices.

1. Assist in Risk Management Processes
   • Support the Risk Manager in identifying, assessing, and mitigating risks across the organization.
   • Assist in the development and implementation of risk management strategies and frameworks.
2. Conduct Risk Assessments
   • Perform risk assessments to evaluate potential risks and vulnerabilities.
   • Assist in developing risk mitigation plans and strategies.
3. Compliance Monitoring
   • Ensure compliance with relevant regulations and industry standards.
   • Assist in preparing compliance reports and maintaining documentation for audits.
4. Data Analysis and Reporting
   • Analyze risk data and generate reports to support decision-making processes.
   • Monitor key risk indicators and prepare regular reports for senior management.
5. Support Business Continuity Planning
   • Assist in the development and maintenance of Business Continuity Plans (BCPs) and Disaster Recovery Plans (DRPs).
   • Participate in BCP and DRP testing and updates.
6. Collaboration and Communication
   • Collaborate with various departments to gather risk-related information and ensure alignment on risk management objectives.
   • Communicate risk findings and recommendations to relevant stakeholders.
7. Continuous Improvement
   • Contribute to the continuous improvement of risk management processes and practices.
   • Stay updated on emerging risks and industry trends to provide timely insights.

• At least 3 years of experience in risk management or a related field.
• Experience in conducting risk assessments and developing risk mitigation strategies.

• Strong analytical skills with the ability to interpret complex data.
• Excellent communication and interpersonal skills.
• Proficiency in risk management tools and software.
• Ability to work collaboratively in a team-oriented environment.
• Detail-oriented with strong organizational skills.

• Familiarity with risk management frameworks such as ISO 31000 or COSO ERM.
• Understanding of compliance requirements and industry regulations.

Job Benefits: -

The Risk Management Manager is pivotal in safeguarding the organization’s assets and ensuring compliance with industry regulations. This role encompasses the identification, assessment, and mitigation of risks that could adversely affect the organization’s operations, reputation, or financial health. The manager will develop comprehensive risk management policies and procedures, conduct thorough risk assessments, monitor compliance, and provide strategic guidance to senior management. The objective is to ensure that risks are effectively controlled and aligned with organizational goals, industry standards, and regulatory requirements.

Responsibilities:

1. Oversee the procurement of insurance and develop risk management and compliance policies and procedures while managing claims and litigation processes.
2. Identify, analyze, and evaluate a wide range of potential risks, including operational, financial, strategic, compliance, and reputational risks.
3. Conduct regular risk assessments across various departments and projects to identify vulnerabilities.
4. Design and implement risk mitigation strategies, ensuring that appropriate actions are taken to minimize exposures.
5. Monitor and report on risk exposures and trends to senior leadership, providing insights for decision-making.
6. Evaluate and recommend insurance policies, including Property, Casualty, General Liability, and Workers’ Compensation, to ensure adequate coverage.
7. Collaborate with internal departments such as finance, operations, HR, safety, and legal to integrate risk management practices into daily operations.
8. Ensure compliance with relevant local and international regulations, including ISO 31000 and the COSO ERM Framework.
9. Facilitate risk management training sessions and workshops to foster a culture of risk awareness throughout the organization.
10. Educate and train staff on risk management practices and the importance of risk awareness in their roles.
11. Act as a liaison with external auditors and regulatory bodies to ensure compliance with risk management standards.
12. Support business continuity planning and crisis management initiatives to prepare for unforeseen events.
13. Review contracts and agreements to identify potential risks and liabilities associated with business operations.
14. Engage with external stakeholders, including insurers, auditors, and regulatory bodies, to maintain effective risk management practices.

Preferred Candidate:

1. Proven experience in risk management within the manufacturing sector.
2. Strong analytical and problem-solving skills.
3. Excellent communication and interpersonal skills.
4. Ability to work collaboratively in a team environment.
5. Detail-oriented with a focus on compliance and regulatory requirements.
6. Proficiency in risk management software and tools.
7. Strong leadership abilities to guide teams through risk management initiatives.
8. Ability to adapt to changing environments and emerging risks.
9. Commitment to continuous professional development in risk management practices.
10. Strong ethical standards and integrity in managing sensitive information.

Skills

• In-depth knowledge of risk management frameworks and methodologies.
• Experience with risk assessment tools and techniques.
• Strong understanding of manufacturing processes and operational risks.
• Excellent report writing and presentation skills.
• Proficient in data analysis and risk modeling.
• Familiarity with regulatory compliance standards in the manufacturing industry.
• Ability to lead training sessions and workshops on risk management.
• Strong negotiation skills for dealing with external stakeholders.

Join to apply for the Director - Risk Management role at Visa

Join to apply for the Director - Risk Management role at Visa

Get AI-powered advice on this job and more exclusive features.

Visa is a world leader in payments and technology, with over 259 billion payments transactions flowing safely between consumers, merchants, financial institutions, and government entities in more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable, and secure payments network, enabling individuals, businesses, and economies to thrive while driven by a common purpose – to uplift everyone, everywhere by being the best way to pay and be paid.

Make an impact with a purpose-driven industry leader. Join us today and experience Life at Visa.

Visa is a world leader in payments and technology, with over 259 billion payments transactions flowing safely between consumers, merchants, financial institutions, and government entities in more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable, and secure payments network, enabling individuals, businesses, and economies to thrive while driven by a common purpose – to uplift everyone, everywhere by being the best way to pay and be paid.

Make an impact with a purpose-driven industry leader. Join us today and experience Life at Visa.

Visa’s Global Risk organization is seeking a dynamic Director to join its team and lead Digital Payment risks management across Saudi Arabia, Bahrain and Oman.

This role serves as the face of Risk with external obligation to ensure Visa’s interactions with clients, partners, merchants, regulators and other third parties on risk-related matters are well informed, effective, and collectively moving the Visa ecosystem towards a stronger state. Internally, the Risk Management Director’s obligation is to leverage their market knowledge and presence to ensure Visa’s risk related policies, programs and frameworks are aligned with current and future business demands.

The Director role provides deep insights, thought leadership and support against a broader set of risk related issues and activities, including client fraud and approval optimization, credit settlement risk, anti-money laundering, deployment of Visa’s Risk solutions, the use of third parties and deployment of emerging technologies.

The Director will serve as the risk leader and advisor to the KBO business and GCC & CEMEA Risk leadership teams and will play a vital role in shaping the risk management landscape in a rapidly growing cluster.

Reporting directly to the Senior Director, Risk, GCC, this role requires frequent collaboration with internal stakeholders across the GCC and CEMEA regions, and extensive external engagements with clients, partners, government and other payment industry stakeholders.

As an individual contributor, this role requires a highly self-motivated individual, with the skills and ability to work with a diverse set of stakeholders across the Saudi Arabia, Bahrain and Oman cluster.

Five core principles provide a foundation for our work in Risk Management:

Market Knowledge: Maintain a heightened awareness of the country or regional business environment, the payment system and other risks to clients operating in each market, and the past and present tactics being deployed to mitigate these risks.

Business Alignment: Align Visa’s risk-related objectives and activities with Visa’s business goals in the same area in order to maximize long-term growth.

Relationship Management: Engage key stakeholders (clients, partners, law enforcement, government and others) to secure support for Visa’s goals and address identified risks.

Thought Leadership: Differentiate Visa by demonstrating thought leadership to payment system stakeholders on risk issues, pulling from local, regional, and global sources. As a Risk Vanguard within the cluster work with Risk to identify new & novel methods used by criminals to target clients or stakeholders and build customized and innovative risk offerings by aligning with internal stakeholders to disrupt emerging fraud & security vulnerabilities affecting the Payments Industry

Communication: Ensure strong communication and provide marketplace feedback around Visa’s risk related programs and policies, and other activities

Key Responsibilities:

• Ecosystem Risk Management: Maintain a heightened awareness of the country or regional business environment, payment systems, and other risks to clients operating in each market. Stay informed about past and present tactics used to mitigate these risks. Monitor local risk-related trends and developments, such as fraud schemes, regulatory changes, and key developments required to enhance the risk profile of partners and clients as well as Visa’s risk posture. Take the lead in protecting the payment ecosystem by proactively managing Visa’s Ecosystem Integrity programs with internal and external stakeholders.
  
  

• Business Alignment: Align Visa’s risk-related objectives and activities with Visa’s business goals in the region to optimize long-term growth and ensure that risk management strategies support and enhance the overall business strategy.
  
  

• Risk Relationship Management: Engage key stakeholders, including clients, law enforcement, government, and other relevant entities, to secure support for Visa’s goals and address identified risks. Be the primary Visa risk expert advisor to key clients in the market. Drive customized risk engagements and provide focus to key clients, fintechs, merchants, and emerging payment stakeholders. Develop and execute a client engagement plan and materials to help clients optimize fraud performance, determine the type and frequency of engagements.
  
  

• Thought Leadership: Differentiate Visa by demonstrating thought leadership on risk issues to payment system stakeholders. Participate in and orchestrate industry forums (e.g., clients, law enforcement, regulators, industry participants), and consumer awareness campaigns of payment system stakeholders to drive greater awareness and support for Visa’s payment system risk strategy. Be the point of reference in all risk-related engagement with regulatory and industry bodies. Differentiate Visa as a digital payments leader by providing clients and other stakeholders with value-added insights, best practices, conducting onsite market fraud prevention seminars (or webinars), and educational materials.
  
  

• Communication: Ensure effective communication and provide marketplace feedback regarding Visa’s risk-related programs, policies, and other activities. Maintain transparency and keep all relevant parties informed about risk management initiatives and outcomes.
  
  

This is a hybrid position. Expectation of days in office will be confirmed by your Hiring Manager.

• Has led underwriting operations for SME, Retail or corporate lending for a large Financial Institution for a minimum of 3 years, taking accountability for application processing and credit decisioning functions
• Led the underwriting of merchants for a large acquirer including client risk assessment and due diligence, onboarding
• Strong understanding of and experience managing acquiring risk with hands-on experience improving the acquiring risk posture of an entity.
• Experience in managing fraud risk, transaction monitoring operations, application fraud assessment, and suspicious transaction review.
• Good understanding of Anti-Money Laundering policies and operational processes
• Assessed impact of regulation on business or operations, responsible for responding to regulatory requirements, and participated or led responses to regulatory supervision or scrutiny.
• Experience with maximizing portfolio performance within the confines of local regulation.

Required

• Master’s degree required with 10+ years of progressive risk management experience working in the payment services or financial industry
• Strong understanding of the inter-dependency between Credit, Operational, Strategic and Cybersecurity Risks
• Understanding of current and emerging payment system risk trends across Middle East & Africa
• Ability to influence at senior levels both internally and externally.
• Excellent written, oral and presentation skills and an ability to synthesize complex and technical information into clear recommendations on course of action.
• Detail orientation and strong analytical skills, willingness to offer thought leadership, to think creatively, and to offer new ways to approach old problems
• Flexibility and ability to think creatively and to identify new ways to approach old problems.
• Ability to identify and pursue multiple initiatives simultaneously and deliver superior results.
• Exceptional project management and reporting skills. Strong proficiency with project management tools (i.e. Microsoft Project, Visio, PowerPoint). Proven ability to prioritize deliverables and projects to meet timelines efficiently, to adapt to changes in priorities quickly and manage multiple initiatives simultaneously to drive projects to completion and deliver quality materials under tight deadlines
• Experience determining when to escalate to management and identifying the right stakeholders for decision making
• Excellent collaboration and communications skills with experience in influencing, communicating and driving change through cross-functional groups, including the ability to diplomatically build consensus across disparate views
• Positive, proactive, solution-oriented problem solver who gets things done within a matrix organization
• Experience in preparing, and reviewing, and delivering (concise) executive level communications
  
  

Visa is an EEO Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status. Visa will also consider for employment qualified applicants with criminal histories in a manner consistent with EEOC guidelines and applicable local law.

• Seniority level Director

• Employment type Full-time

• Job function Other
• Industries IT Services and IT Consulting

Referrals increase your chances of interviewing at Visa by 2x

Riyadh, Riyadh, Saudi Arabia SAR30,000.00-SAR32,000.00 1 month ago

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.

Overview

Title: Risk Management Specialist

Requisition ID: 5363

Complex: President Complex

Department: Risk Management

Division/Section: Credit & Investment Risk

Country: Saudi Arabia

Location: Jeddah, Kingdom of Saudi Arabia

Job Grade: E2

Contract Type: Fixed Term

Closing Date: 14-Oct-2025

In collaboration with the Lead/Senior Specialist, the role supports the Bank’s strategic objective of maintaining a sound and resilient portfolio by undertaking independent risk assessment of sovereign, financial institutions (FIs), sukuk investments, and investments in equity and funds. The role also requires participation in developing and updating risk assessment policies and guidelines and monitoring their effective implementation. This role is further responsible for monitoring and reporting on changes in risk profile of the sovereign and FI counterparts and also ensuring that the Bank’s internal rating models are kept updated with the latest market & macro-economic data.

• Credit and Investment Risk Assessment: Undertake risk review of sukuk investment proposals reflecting transaction structure, credit risk, comparable yields, compliance with limits and the liquidity management policies and guidelines.
• Undertake risk assessment of financial institutions including initiating the internal rating using the applicable model; and also calculating the initial limits in compliance with the guidelines.
• Prepare financial institutions risk assessment notes for trade finance exposure addressing strengths and weaknesses in asset quality, capital adequacy, liquidity, profitability and corporate governance.
• Initiate the internal rating estimation for sovereign obligors using the Bank’s approved sovereign rating model and guidelines.
• Participate in the risk review of proposals for investments in equity and funds.
• Participate in developing and updating credit and investment risk management framework including risk assessment guidelines for financial institutions, project and corporate finance, country risk and investments in equity and funds.
• Monitor regularly the movement in the risk profile of the sovereign and FI counterparts in terms of changes in ratings and economic profiles and prepare reports highlighting the changes and the underlying key drivers.
• Participate in Users Acceptance Test (UAT) for any update and change related to internal rating models.
• Support the senior team members in updating the Loss Given Default Models (LGD) for Country Risk & Financial Institutions.
• Update regularly the ratings of the banks and financial institutions acceptable for placement of IsDB liquid funds.

• Monitor the effective implementation and adherence to respective risk management policies and guidelines.
• Keep abreast of the latest developments, regulations and leading practices in the field of credit and investment risk management.
• Contribute to the preparation of the annual work plan and financial budget for the Credit & Investment Risk Division and monitor actual expenditure against the approved budget, including support of risk reporting requirements.

• Bachelor's degree in Economics / Finance / Risk Management / Mathematics / Business Administration or related discipline. Master’s Degree is preferable.
• Professional certifications like CFA/PRM/FRM/CQF or equivalent is preferred.
• Minimum 5 years of relevant experience in Credit Risk management. Experience of Credit Risk management in a multilateral development bank is highly preferable.
• Languages: English: Mandatory | Arabic: Preferred | French: Preferred

• Risk Rating Systems (PD & LGD Models).
• Database Management for Credit Risk Systems
• Risk Assessment skills.
• Asset Valuation Techniques.
• Credit Risk Management.
• Credit Risk Evaluation.
• Governance, Risk and Control.
• Analytical Thinking.
• Problem Solving

If you meet the criteria and you are enthusiastic about the role, we would welcome your application. To complete the application you would need the following document(s):

• Resume/CV
• Copy of passport
• Academic certificate

If you are currently an IsDB Regular staff applying for this role and get selected through the competitive selection process; your current contract type and other terms and conditions will remain unchanged.

The Islamic Development Bank (IsDB) does not ask for payments of any kind from applicants throughout the recruitment process (job application, CV review, interview meeting, and final processing of applications). In addition, the IsDB does not request information on applicants’ bank accounts. The IsDB declines all responsibility for the fraudulent publications of job posts or job offers in its name or, in general, for the fraudulent use of its name in any way whatsoever.