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Operational Risk Analyst

Keywords / Skills : Operational Risk Analyst

2 - 3 years
Posted: 2018-01-13

Saudi Arabia
Banking, Insurance & Financial Services
Risk Management
Posted On
13th Jan 2018
Job Ref code
Job Description
Job Description:

The company:

A leading Bahraini insurance company is engaged in an offshore insurance business in KSA is looking for an experienced Operational Risk Analyst for KSA branch.
The company is a well-known in the Saudi insurance market and it offers all classes of insurance.

Responsibilities and Duties:

· Design and implement the operational risk framework throughout.

· Undertake a key functional and advisory role contributing to the achievement of the company's objectives and the credit rating processes.

· Uphold the company's ethics, operating policies and conform with the department work instructions.
· Prepares reports and reviews on the Operational Risk of all business units, including support functions, recommendations and action plans.
· Reviews policies, practices and procedures to identify business improvement opportunities.
· Develops and monitors key risk indicators relating to the assigned risk areas.
· Coordinates "Risk and Control Self-Assessment" workshops for the company.
· Formulates and implements Business Continuity Management for the company.
· Undertakes process re-engineering/re-designing exercises and periodically assesses business and process-flows to identify potential risks.
· Reports immediately to the line Manager all material and significant breaches or potential breaches to the limits or any noncompliance to the company's policies and procedures.
· Prepares periodical risk analyses and presentations for specific job requirements.
· Keeps abreast of key developments in the area of risk management.
· Assists the line Manager as and when required.
· Assists in preparation of the company's rating projects and all related analysis.


· Bachelor degree in Finance or qualitative discipline.
· Prior risk management or risk measurement experience.
· Minimum 2-3 years' experience in financial services / Insurance Industry with an operational focus.
· Familiarity or experience with Solvency II or Basel III regulations is a plus.

About Company

HistoryMissionServices.Propel Consult delivers a service in step with the needs of both our client companies and candidates. Our ability to add value to all levels of recruitment stems from our wholehearted belief in providing a professional service to both parties.

We have built relationships with many leading indigenous and multinational organisations throughout the Middle East and internationally in countries such as Saudi Arabia, Qatar, UAE, Oman, Bahrain, Kuwait, Egypt, Lebanon and Sudan.

Concentrating our resources has created five distinct specialist divisions:

· Integrated Project Management â€" Outsourcing
· Oil & Energy
· Construction & Engineering
· Banking & Finance
· Human Resources

Across the full spectrum of industries and at all levels of recruitment, our standards of quality and professionalism remain constant.

With a database of over 80,000 candidates and management’s 30 years’ experience recruiting professionals, we have the resources and expertise to select the right candidate for each position.

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