Risk Officer

Risk Identification and Assessment : Analyze and identify potential risks that could affect the company, including financial, operational, legal, environmental, technological, and political risks. Evaluate the impact and likelihood of these risks to prioritize responses. Develop Risk Management Strategies : Develop strategies and plans to minimize or avoid risks. Define preventive and corrective actions to be taken in case risks occur. Continuous Risk Monitoring : Periodically monitor risk developments and update risk management strategies and procedures as needed. Monitor surrounding conditions and analyze changes that could lead to new risks. Risk Reporting : Prepare regular reports for senior management and internal audit regarding current and potential risks and how they are being managed. Provide estimates of potential losses and make recommendations for appropriate decision-making. Collaboration with Other Departments : Coordinate with all departments within the company, such as finance, operations, and marketing, to ensure everyone is aware of potential risks. Train teams and employees on risk management practices. Policy and Procedure Development : Develop internal policies and procedures aimed at reducing risks and ensuring business continuity. Ensure that risk management practices comply with international standards and best practices. Compliance with Legal and Regulatory Requirements : Follow up on local and international laws and regulations related to risk management and ensure compliance. Ensure the company adheres to all laws and policies aimed at minimizing risks. Incident Analysis : Analyze past incidents or losses to identify the root causes of risks and understand how to avoid them in the future. Document incidents and extract lessons learned. Emergency Planning : Develop and implement emergency response plans in case risks materialize. Ensure that employees are trained on these emergency plans. Evaluating Risk Management Effectiveness : Evaluate the effectiveness of strategies and procedures used in risk management and ensure continuous improvement. Conduct periodic reviews to ensure that systems and technologies used for risk management are effective. Other Duties : Additional duties may be assigned, considering the avoidance of conflicts of interest. Skills Strong analytical and problem-solving skills with the ability to analyze complex data and identify potential challenges. Enhance your productivity by emphasizing the capability to work independently and prioritize tasks effectively. Bilingual communication skills in English and Arabic, both spoken and written. Relevant work experience in finance, insurance, or risk management.

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