57 Operational Risk jobs in Saudi Arabia
Operational Risk Manager
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Job Description
HSBC Saudi Arabia provides investment banking services to the full spectrum of corporate and institutional clients in both the private and government sectors, including public companies; private companies and establishments; funds; government agencies; and family businesses and offices.
Role Purpose:
- To act as Second Line of Defense for HSBC SA & ensure Operational Risk at both first and second lines are managed as per HSBC SA’s RMF and local regulatory (CMA) standards wherever possible.
- Other responsibilities defined in the job description and assigned from time to time by your line manager.
Principal Accountabilities: Key activities and decision making areas:
- Promote enhanced risk awareness, compliance and control structure and contribute in implementing RMF within HSBC SA.
- Keep close watch on, review and challenge the activities of both the 1st and 2nd LODs to ensure that minimum requirements of the Operational Risk Mandatory Policy are met.
- Represent the function and assist the Head of Enterprise Risk Management in delivering departmental responsibilities as per the minimum standard outlined with the Service Catalogue.
- Take initiatives towards adding value in enhancing the work environment and work culture within the department / organization.
- Maintain good and friendly relations with all team and across all 3LOD in the organization.
- Support your function with NFR programme initiatives to foster strong risk management culture & promote effective management of Non-Financial Risks.
- Help and shoulder Head of Enterprise Risk Management reinforce, oversee and monitor adherence to HSBC SA’s Risk Management Framework as second line of defense.
- Provide constant support and guidance to the business and function CCO’s and keep an oversight to ensure such tasks are being delivered effectively as first line of defense and conduct assurance reviews to ensure on-going effectiveness of Controls being monitored by FLOD.
- Undertake Helios data quality analysis at both first & second lines of defence on an ongoing basis and highlight areas of concern.
- Develop and enhance understanding of Resilience Risk portfolio and to perform oversight of all stewards including Resilience Risk
- Act as a Back-up for Resilience specialist and also Resilience Steward, to provide leave cover
- Lead when instructed by the Head of Enterprise Risk Management to perform any specific targeted/thematic reviews.
Stakeholder Management
- Interact with all key stakeholders across the Three Lines of Defence (the business/functional CCO’s, Risk Owners, Control Owners and Risk Stewards) and provide guidance and support in resolving all Operational Risk issues.
- Interact with all stakeholders, to develop a good business rapport to render desired support and co-operation to get the tasks completed as and when needed.
- Co-ordinate with Internal Audit teams to provide support, whenever needed, for internal audit reviews, to ensure the requisite policies, procedures and guidelines are adhered to.
Experience / Qualifications:
- Bachelor’s degree in Finance/Accounting is required
- 4 to 7 years of relevant experience with at least 3 years in a similar role
- Prior experience in compliance, audit, operational risk management in a banking/financial institution
- Strong writing skills and experience in producing reports
- Experience in effectively communicating and influencing across a range of stakeholders
- Ability to use independent judgement
- Detail-focused approach is essential
*Please note that this job ad will close in 3 weeks (30/07/2025)
Seniority level- Seniority level Mid-Senior level
- Employment type Full-time
- Job function Other
- Industries Investment Banking and Financial Services
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Sign in to set job alerts for “Operational Risk Manager” roles. Senior Manager - Corporate Operation (Internal Audit) Senior Manager - Operations (Internal Audit) Senior Manager - Finance & Business (Internal Audit) Senior Compliance & Operational Risk Officer Assistant Manager - Operations (Internal Audit) Senior Manager - Development (Internal Audit) Senior Manager - Technology (Internal Audit) Assistant Manager - Dilivery (Internal Audit)King Khalid International Airport, Riyadh, Saudi Arabia 2 weeks ago
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#J-18808-LjbffrSenior Compliance & Operational Risk Officer
Posted 6 days ago
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Join to apply for the Senior Compliance & Operational Risk Officer role at UBS
Senior Compliance & Operational Risk OfficerJoin to apply for the Senior Compliance & Operational Risk Officer role at UBS
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Job Reference #
321879BR
Job Type
Full Time
Your role
Do you enjoy advising and supporting front office colleagues to ensure compliance? Are you excited to be part of strategic projects within the UBS group?
We are looking for a Senior compliance and operational risk officer to:
- support the business in remaining compliant within the regulatory environment and managing their risk
- prepare compliance input for UBS Saudia Arabia Riyadh Branch governance meetings and relevant risk and control forums.
- work on customer due diligence checks (KYC) on new clients as per SAMA Account opening Rules AOR requirements and in accordance with firm-wide AML stand
- effectively manage an open and co-operative relationship with SAMA and other local authorities, including responding to regulatory enquires (such as via Samanet/Tanfeeth/AML&CTF requests and attend regulatory committees & meeting
- keep up to date on any regulatory changes and drive remediation of any gaps with processes and policies
- participate in reviewing new business initiatives and transactions to support pre-approval by C&ORC.
- perform compliance risk assessment, implement the compliance action plan and monitoring programs established for UBS Saudi Arabia Riyadh Branch
- provide training to business to ensure compliance regulatory requirements.
- help in investigating actual or potential breaches of law, regulation, policy and procedures in accordance with the Disciplinary Policy. Align with Central SMEs, discuss with team leaders and report accordingly
You’ll be working in the Compliance and Operational Risk Control (C&ORC) team in UBS Saudi Arabia Riyadh Branch in the position of Associate Director or Director. We support the Global Wealth Management business by partnering with them to effectively manage regulatory risk in an environment of collaboration and constructive challenge. In collaboration with colleagues in other locations, you'll play an important role in helping us develop risk mitigating measures, controls and adequate remediation plans are in place.
Your expertise
- proven financial services compliance or risk advisory experience of at least 8 to 10 years
- strong communication skills in English
- any professional compliance certifications will be beneficial (e.g. ACAMs, Certified Compliance Officer)
- good working knowledge of the local regulatory environment (SAMA)
- reliable and resilient (challenging situations and conversations don’t sway you)
UBS is the world’s largest and the only truly global wealth manager. We operate through four business divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank. Our global reach and the breadth of our expertise set us apart from our competitors.
We have a presence in all major financial centers in more than 50 countries.
Join us
At UBS, we know that it's our people, with their diverse skills, experiences and backgrounds, who drive our ongoing success. We’re dedicated to our craft and passionate about putting our people first, with new challenges, a supportive team, opportunities to grow and flexible working options when possible. Our inclusive culture brings out the best in our employees, wherever they are on their career journey. We also recognize that great work is never done alone. That’s why collaboration is at the heart of everything we do. Because together, we’re more than ourselves.
We’re committed to disability inclusion and if you need reasonable accommodation/adjustments throughout our recruitment process, you can always contact us.
Disclaimer / Policy Statements
UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.
Your Career Comeback
We are open to applications from career returners. Find out more about our program on ubs.com/careercomeback. Seniority level
- Seniority level Not Applicable
- Employment type Full-time
- Job function Legal, Finance, and Accounting/Auditing
- Industries Banking, Financial Services, and Investment Banking
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#J-18808-LjbffrSenior Compliance & Operational Risk Officer
Posted 11 days ago
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# Senior Compliance & Operational Risk Officer | UBS
Saudi Arabia
Compliance | Group Functions
Job Reference #: 321879BR
City: Riyadh
Job Type: Full Time
Your RoleWe are seeking a Senior Compliance and Operational Risk Officer to:
- Support the business in maintaining compliance within the regulatory environment and managing risks.
- Prepare compliance input for UBS Saudi Arabia Riyadh Branch governance meetings and relevant risk and control forums.
- Conduct customer due diligence checks (KYC) on new clients according to SAMA Account Opening Rules and AML standards.
- Manage relationships with SAMA and other authorities, including responding to regulatory inquiries and attending meetings.
- Stay updated on regulatory changes and address any compliance gaps.
- Review new business initiatives and transactions for compliance approval.
- Perform compliance risk assessments, implement action plans, and monitor compliance programs.
- Provide compliance training to the business.
- Investigate potential breaches of laws, regulations, policies, and procedures, coordinating with SMEs and reporting accordingly.
We welcome applications from career returners. Learn more about our program on our website.
Your TeamYou will work in the Compliance and Operational Risk Control (C&ORC) team at UBS Saudi Arabia Riyadh Branch, potentially as an Associate Director or Director. You will collaborate with global teams to develop risk mitigation measures, controls, and remediation plans.
Your Expertise- 8-10 years of compliance or risk advisory experience in financial services.
- Strong English communication skills.
- Professional compliance certifications (e.g., ACAMS, Certified Compliance Officer) are advantageous.
- Good knowledge of the local regulatory environment (SAMA).
- Reliable and resilient, capable of handling challenging situations.
UBS is a global wealth manager operating in over 50 countries, offering services across divisions like Wealth Management, Banking, Asset Management, and Investment Banking.
Join UsAt UBS, our people drive our success. We value diversity, support growth, and promote an inclusive culture. We are committed to disability inclusion and provide accommodations during our recruitment process.
Contact DetailsUBS Business Solutions SA
UBS Recruiting
Disclaimer: UBS is an Equal Opportunity Employer, respecting diverse backgrounds and experiences.
#J-18808-LjbffrTrade Compliance Manager, Operational Risk & Compliance, AMET
Posted 2 days ago
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Job ID: 2983351 | Souq.com for E-Commerce LLC
Are you an experienced trade compliance leader passionate about cross-border trade? Come make history in Amazon’s Global Trade Services team supporting Amazon’s cross-border operations and trade lane expansions. Amazon is looking for a Sr Trade Compliance Manager to drive critical large-scale cross-functional projects. You will enable new business opportunities by executing a broad range of project management, program management, and trade compliance matters. You will work directly with business leadership, tax, legal, catalog, inventory management, procurement teams, logistics, and other internal business partners to drive projects that address critical business and regulatory requirements. In this role, you will be part of a team responsible for developing strategies, policies, processes, tools, and solutions that will enable the cross-border movement of goods into Egypt.
This candidate will be a self-starter with strong knowledge of Trade Compliance, Regulatory Affairs, regulators, and cross-border movements of goods in Egypt, with a proven track record of delivering cross-functional projects. Success in this role requires a professional with expertise in Trade Compliance, curiosity, creativity, and the ability to synthesize multiple inputs into actionable recommendations. Strong project management skills are essential. This position offers the opportunity to support Amazon’s Retail business as a SME leader, ensuring adherence to trade regulations, defining and enforcing regulatory requirements, and scaling Amazon policies. Effective communication with leaders at all levels, including executives, is crucial. The candidate should be capable of influencing strategically within small teams and large, cross-functional environments, building a network of stakeholders and internal customers to validate and challenge approaches constructively. A proven record of accomplishment in Trade Compliance and program ownership is required. This is a high-visibility role in a rapidly growing company.
Key job responsibilities- Manage GTS Trade Compliance program for Egypt to ensure customs compliance and adherence to cross-border requirements.
- Collaborate with Amazon’s Global Trade Services team to execute strategies, drive and enforce global import/export processes, seek automation opportunities, and leverage technology.
- Engage with technical teams to influence the development of internal systems used for import and export operations.
- Drive scalable business solutions and ensure compliance with trade regulations.
- Liaise with authorities and manage customs brokers involved in Amazon's import process to Egypt.
- Work with business units to proactively identify compliance issues and meet regulatory obligations.
- Partner with manufacturers/vendors to establish import processes supporting importing/exporting operations.
- Collaborate with service leaders across Amazon to develop new programs, products, and services.
This role involves diverse daily activities, including:
- Engaging with regulators, including Egypt Customs, on trade-related matters.
- Working with legal, logistics, and business stakeholders to support Amazon's import/export growth.
- Defining requirements for Amazon’s systems in collaboration with technical teams to support import/export programs.
- Ensuring accuracy in import declarations, including classification and customs valuation.
- Troubleshooting operational issues and driving process improvements.
Global Trade Services (GTS) enables efficient, compliant movement of products across borders. We develop import/export solutions to ensure timely, cost-effective delivery while managing regulatory compliance and mitigating risks, building trust with external stakeholders.
BASIC QUALIFICATIONS- 6+ years of experience in compliance, audit, or risk management
- Advanced proficiency in Microsoft Office applications
- Bachelor's degree or equivalent
- Project Management Professional (PMP) or similar certification
- Experience with technology, lean principles, and Six Sigma methodologies for process improvement
- Master’s degree or equivalent
We promote an inclusive culture that empowers all employees. For accommodations during the hiring process, please visit Amazon is an equal opportunity employer, committed to diversity and non-discrimination.
#J-18808-LjbffrRisk Management Specialist
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We are seeking a highly analytical and detail-oriented Risk Management Specialist to join our MVNO operations. The successful candidate will be responsible for identifying, assessing, mitigating, and monitoring risks that could impact the organization’s financial performance, compliance status, reputation, and operational resilience. The role is critical to ensuring our business continuity, data protection, regulatory compliance (e.g., CITC, GDPR), and operational excellence within a dynamic telecommunications environment.
Key Responsibilities:
- Conduct risk assessments across all MVNO business units including sales, billing, IT, customer service, and network operations.
- Identify strategic, operational, regulatory, financial, and reputational risks.
- Develop and implement risk mitigation strategies, controls, and action plans.
- Monitor the effectiveness of risk controls and recommend improvements.
- Regulatory Compliance
- Ensure compliance with local telecom regulations (e.g., CITC), data protection laws, and industry standards.
- Liaise with regulatory bodies and internal compliance teams as necessary.
- Incident Management & Business Continuity
- Develop, test, and maintain Business Continuity and Disaster Recovery Plans.
- Lead root-cause analysis and post-incident reviews of major risk events.
- Reporting & Communication
- Prepare regular risk reports and dashboards for senior management and stakeholders.
- Maintain the organization’s risk register and update it periodically.
- Collaborate with other departments (Legal, IT, Finance, etc.) to address cross-functional risks.
- Promote a risk-aware culture through training and awareness sessions.
Qualifications & Experience:
- Bachelor's degree in Risk Management, Business Administration, Finance, Telecommunications, or related field. Master’s degree is a plus.
- 5+ years of experience in risk management, preferably in the telecom or MVNO sector.
- Strong understanding of telecom-specific risks including SIM fraud, revenue assurance, network security, and regulatory compliance.
- Familiarity with risk management frameworks (ISO 31000, COSO).
- Knowledge of Business Continuity Planning (BCP), regulatory standards (CITC, GDPR), and fraud detection techniques.
- Experience with risk management tools and software is an advantage.
Why Join Red Bull MOBILE Saudi?
We move fast, think bold, and lead with purpose. If you’re ready to bring high energy to a high-impact role, join a brand that’s always one step ahead.
#RiskJobs #MVNORoles #KSAJobs #RiyadhTech #FNT #RedBullMOBILE
Seniority level- Seniority level Entry level
- Employment type Full-time
- Job function Customer Service
- Industries Telecommunications
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Riyadh, Riyadh, Saudi Arabia 14 hours ago
Risk Management and Business Continuity Director Enterprise Risk Management Specialist (Jubail) Governance Risk and Compliance ConsultantWe’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-LjbffrRisk Management Officer
Posted 2 days ago
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Support in establishing and maintaining high oversight mechanism standards on the Investment, Treasury and Project Operations Financing portfolios of the Bank to keep a watchful eye on the performance, risk, and compliance. This is achieved through (a) effective monitoring and reporting process in close coordination with the relevant stakeholders, (b) robust internal control practices for proper fiduciary and risk oversight, and (c) smooth, streamlined, and well-designed processes to proactively manage risks including quality assurance, systems and tools, monitoring & data, and proper reconciliation with the Bank’s financials. The incumbent shall possess strong IT skills and the ability to work with databases and files to ensure that a solid foundation of consistent data is in place and contribute to developing robust reconciliation, monitoring, and reporting tools.
Key AccountabilitiesCorporate Middle Office (CMO)
- Support the independent valuation function on OCR and other funds.
- Monitor the security and collateral/guarantees valuations and the Loan to Value (LTV) ratio on a periodic basis.
- Provide support in developing robust tools to ensure data integrity, reconciliation for consistency across the systems and the Bank financial statements; and assist in establishing a series of regular reports (on performance, risk, and compliance) on Bank-wide portfolios (Investments, Treasury, and Operations).
- Maintenance and custody of risk management master data and ensure unique identification for obligor across all relevant systems.
- Ensure that the relevant IsDB databases are accurately and timely updated.
- Propose and implement process improvements to increase efficiency, effectiveness, and compliance of the related operations.
- Contribute to the automation of the CMO process for time-saving and minimizing operational risks.
Bachelor's degree in Economics/Finance/Risk Management/Mathematics/Business Administration or related discipline.
Minimum 3 years of relevant experience in the Banking industry.
Skills & Necessary KnowledgeAnalytical Thinking.
LanguagesFrench - Preferred.
About Application ProcessIf 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):
#J-18808-LjbffrRisk Management Specialist
Posted 2 days ago
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Oversee the Bank activities including investment, treasury and project operations financing portfolios to identify gaps and provide a macro view of the financial, compliance, and risk status of the overall Bank’s portfolio. This is achieved through (a) effective monitoring and reporting process in close coordination with the relevant stakeholders, (b) robust internal control practices for proper fiduciary and risk oversight, and (c) smooth, streamlined and well-designed processes to proactively manage risks including quality assurance, systems and tools, monitoring & data, and proper reconciliation with the Bank’s financials.
Key AccountabilitiesCorporate Middle Office (CMO):
- Support formulation and maintenance of Bank-wide Valuation Policy on assets and security collaterals in line with the best business practices.
- Perform the independent valuation function on OCR and other funds.
- Coordinate with the Financial Control Department in finalization of quarterly valuation and impairment for financial statements and ensure proper reconciliation of the NAV reported in the Bank’s financials with the actual investments data (including those provided by the custodians for the managed accounts under EFM; i.e. External Funds Managers).
- Ensure regular monitoring of security and collateral / guarantees valuations and the Loan to Value (LTV) ratio on a periodic basis.
- Ensure adherence for the funds managed/administered by Investment Department to the applicable and relevant investment policies.
- Perform the performance, risk and compliance monitoring and reporting activities on Bank-wide investment (mainly Equity, Managed Accounts under EFM, PE Funds), project operations (mainly project financing extended to the Bank’s member-countries) and Treasury (Liquidity Management).
- Ensure Pre-Trade and Post Trade Investment Compliance checks are performed on non-Treasury Investments.
- Perform detailed and comprehensive reporting on a periodic as well as adhoc basis.
- Perform execution of IFRS-9 Expected Credit Loss models for quarterly reporting and analytics and provide assistance to Financial Control Department for impairment and provisioning calculations for all financing and investment operations.
- Ensure maintenance and custody of risk management master data and ensure unique identification for obligor across all relevant systems.
Operational Excellence and Support:
- Ensure that the relevant IsDB databases are accurately and timely updated.
- Propose and implement process improvements to increase efficiency, effectiveness and compliance of the related operations.
Bachelor's degree in Economics / Finance / Risk Management / Mathematics / Business Administration or related discipline.
Professional certifications like CFA/PRM/FRM/CQF or equivalent is preferred.
Minimum 5 years of relevant experience in Risk Management Function, of which at least 2 years in Investment oversight, Market Risk, Control, Monitoring and Reporting, preferably in a Multilateral Development Bank or a Multinational Bank.
Skills & Necessary Knowledge- Governance, Risk and Control, Attention to detail.
- Analytical Thinking.
- Problem Solving.
- Sound understanding of Accounting principles (IFRS).
- Ability to read and understand financial statements.
French - Preferred
About Application ProcessIf 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):
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Risk Management Specialist
Posted 6 days ago
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Overview:
The Risk and Compliance Specialist will play a crucial role in assessing and mitigating risks within SIO. This position requires assessing potential risks and methods of avoidance, preparing plans to address emergencies ,and the ability to develop and implement effective risk management strategies.
Responsibilities:
- Conduct studies and assessments to develop the strategic plan for risk management.
- Develop, implement, and oversee compliance policies and procedures to ensure adherence to legal and regulatory requirements.
- Develop mechanisms, insurance systems, and strategic plans to prevent and mitigate risks.
- Design and implement risk management systems and controls.
- Conduct regular audits and assessments to identify potential compliance risks and provide recommendations for improvement.
- Assess and classify risks based on their impact, identifying potential risks and strategies for avoidance and prevention.
- Analyze crises and potential risks, devising response methods and rapid recovery strategies.
- Prepare plans to ensure business continuity in emergency situations, particularly those that could disrupt operations and interests.
- Identify necessary measures to mitigate potential risks, design risk management policies and procedures, and implement them to prevent identified risks.
- Review risk management operations and evaluate policies and procedures to ensure accuracy and effectiveness.
- Monitor and report on compliance issues, ensuring prompt resolution and documentation.
- Stay up-to-date with changes in laws, regulations, and industry standards to keep compliance practices current.
- Collect and analyze data, preparing necessary reports to support decision-making processes.
- Collaborate with various departments to ensure compliance standards are understood and met across the organization.
- Perform any other tasks assigned in the field of risk management.
Qualifications:
- Bachelor's degree in business administration, Engineering, or a related field. Master degree is preferred.
- 4+ years of experience in risk management, compliance, or a similar role.
- Professional certification in the field is preferred.
- Excellent analytical skills and attention to detail.
- Proficiency in both Arabic and English, spoken and written.
- Proficient in using Microsoft tools and/or relevant software.
Risk Management Officer
Posted 6 days ago
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Company Description
Al-Balad Al-Ameen is a closed joint stock company established by Royal Decree in 2009. As the investment arm of the Municipality of Makkah, the company manages an extensive land bank of over 60 million square meters within the Holy City. Al-Balad Al-Ameen focuses on development and urban regeneration projects, contributing to the growth and modernization of Mecca.
Role Description
This is a full-time on-site role for a Risk Management Officer located in Mecca. The Risk Management Officer will be responsible for identifying, assessing, and mitigating enterprise risks. Daily tasks include ensuring regulatory compliance, conducting risk assessments, developing risk management strategies, and analyzing financial data to guide risk-related decision-making.
Qualifications
- Proficiency in Market Risk and Enterprise Risk Management
- Strong understanding of Regulatory Compliance
- Exceptional Analytical Skills
- Knowledge of Finance principles and practices
- Excellent written and verbal communication skills
- Ability to work collaboratively with cross-functional teams
- Bachelor's degree in Risk Management, Finance, Business Administration, or a related field
- Professional certifications in risk management are a plus
Director - Risk Management
Posted 7 days ago
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Join to apply for the Director - Risk Management role at Visa
Join to apply for the Director - Risk Management role at Visa
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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
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Manager Governance, Risk and Compliance (GRC) Director - Corporate Operation (Internal Audit) Infrastructure Master Planning SME (E1) - Head OfficeWe’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
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