714 Risk Analyst jobs in Bahrain

Job Title –
Operational Risk Analyst

Reporting to –
Head of Credit and Risk Management

Job Summary

The Person will be responsible for developing, implementing, and maintaining an effective operational risk management framework in line with the
Central Bank of Bahrain (CBB) Operational Risk Management Module
. The role involves identifying, assessing, monitoring, and mitigating operational risks while ensuring regulatory compliance and enhancing the organization's risk culture.

Experience:

• Minimum 2-5 years of experience in operational risk management, enterprise risk management, or internal audit within the financial sector.
• Strong understanding of CBB Operational Risk Management Module.
• Experience with risk management tools and systems for monitoring operational risk.

Additional Information:

• The candidate must be based in Bahrain or willing to relocate.
• Strong understanding of financial services, digital banking, and fintech risks is desirable.

• Develop and maintain risk assessment models and tools.
• Conduct regular reviews of existing risk management processes and propose improvements.
• Analyze financial data, market trends, and operational processes to identify emerging risks.
• Prepare comprehensive risk reports for executive leadership and regulatory bodies.
• Collaborate with underwriting, claims, and actuarial teams to integrate risk management into business strategies.
• Monitor and report on the effectiveness of risk mitigation strategies.
• Stay abreast of industry best practices and regulatory changes in the insurance market.
• Mentor junior analysts and contribute to the development of the risk management function.

• Bachelor's degree in Finance, Economics, Statistics, or a related quantitative field.
• Minimum of 5 years of experience in risk management, preferably within the insurance industry.
• Proficiency in risk modeling software and analytical tools (e.g., SQL, Python, R).
• Strong understanding of insurance products, operations, and regulations.
• Excellent communication, presentation, and interpersonal skills.
• Ability to work independently and manage multiple projects simultaneously in a remote setting.

• Identify, assess, and monitor risks associated with insurance products and operations.
• Develop and implement risk management frameworks and strategies.
• Conduct quantitative and qualitative risk assessments.
• Analyze insurance data to identify trends and potential areas of concern.
• Develop and maintain risk models and scenario analyses.
• Prepare comprehensive risk reports for management and regulatory bodies.
• Collaborate with various departments to implement risk mitigation measures.
• Ensure compliance with industry regulations and risk management best practices.

• Developing and executing comprehensive risk assessment methodologies for various insurance lines.
• Analyzing financial statements, market data, and industry reports to identify emerging risks and opportunities.
• Quantifying potential financial and operational impacts of identified risks.
• Collaborating with underwriting, claims, and actuarial departments to integrate risk management into daily operations.
• Designing and implementing risk mitigation strategies, including policy enhancements and control improvements.
• Monitoring the effectiveness of risk management controls and recommending adjustments as needed.
• Preparing detailed risk reports for senior management and regulatory bodies.
• Staying current with insurance regulations, industry best practices, and emerging risk management technologies.
• Conducting stress testing and scenario analysis to evaluate the company's resilience to adverse events.
• Providing training and guidance to staff on risk management principles and procedures.

• Develop, implement, and maintain robust risk management frameworks and policies.
• Identify and assess potential financial, operational, and strategic risks across the organization.
• Conduct quantitative and qualitative analyses of risks, developing models and forecasts.
• Monitor market trends, regulatory changes, and industry best practices related to risk management.
• Prepare comprehensive risk assessment reports and present findings and recommendations to senior leadership.
• Collaborate with various departments to ensure risk mitigation strategies are effectively implemented.
• Develop and execute business continuity and disaster recovery plans.
• Track and manage identified risks, ensuring timely resolution and adherence to mitigation plans.
• Stay current with industry-specific risks and emerging threats.
• Contribute to the development of a strong risk-aware culture throughout the company.

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field. Master's degree or relevant professional certification (e.g., FRM, PRM) preferred.
• Minimum of 5-7 years of experience in risk analysis, preferably within the insurance industry.
• Strong understanding of risk management principles, methodologies, and tools.
• Proficiency in statistical analysis, modeling, and data visualization software (e.g., R, Python, SQL, Tableau).
• Excellent analytical, problem-solving, and critical thinking skills.
• Exceptional written and verbal communication skills, with the ability to articulate complex information clearly.
• Proven ability to work independently and manage multiple priorities in a remote environment.
• Experience with regulatory compliance and reporting is a plus.
• High degree of accuracy and attention to detail.
• Proactive approach to identifying and addressing potential risks.

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related field. A Master's degree or relevant professional certifications (e.g., FRM, PRM) is highly desirable.
• Minimum of 5 years of experience in risk management, preferably within the insurance industry.
• Proficiency in quantitative analysis and statistical modeling techniques.
• Strong knowledge of insurance regulations and compliance requirements in the region.
• Excellent command of risk management software and data analysis tools (e.g., R, Python, SQL, Excel).
• Proven ability to analyze complex financial data and present findings clearly and concisely.
• Strong interpersonal and communication skills, with the ability to influence stakeholders at all levels.
• Experience in developing and implementing risk policies and procedures.
• Ability to work independently and as part of a team in a fast-paced environment.
• Commitment to continuous learning and staying abreast of industry best practices.

• Identify, assess, and quantify potential risks, including market risk, credit risk, operational risk, and insurance-specific risks.
• Develop and implement advanced analytical models and methodologies to measure and monitor risk exposures.
• Design and maintain risk management policies, procedures, and controls in line with regulatory requirements and best practices.
• Conduct regular risk assessments and stress testing of portfolios and business operations.
• Prepare comprehensive risk reports for senior management, the board of directors, and regulatory bodies.
• Collaborate with business units to embed risk management principles into daily operations and strategic planning.
• Monitor key risk indicators (KRIs) and alert management to emerging risks and potential vulnerabilities.
• Contribute to the development and enhancement of the company's risk appetite framework.
• Stay current with industry regulations, emerging risks, and evolving risk management techniques.
• Mentor and guide junior risk analysts, fostering a culture of risk awareness and diligence.
• Evaluate the effectiveness of risk mitigation strategies and recommend improvements.

• Master's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• Professional certification such as FRM, PRM, CFA, or equivalent is highly desirable.
• Minimum of 6 years of experience in risk management, quantitative analysis, or a related field, preferably within the insurance or financial services sector.
• Proven experience in developing and applying risk models (e.g., VaR, credit scoring, operational risk models).
• Strong proficiency in statistical software (e.g., R, Python, SAS) and data analysis tools.
• Excellent understanding of financial markets, insurance products, and regulatory frameworks (e.g., Solvency II, Basel Accords).
• Exceptional analytical, problem-solving, and critical-thinking skills.
• Strong written and verbal communication skills, with the ability to present complex information clearly and concisely.
• Ability to work independently, manage multiple projects, and meet deadlines in a remote environment.
• Familiarity with the insurance market dynamics relevant to **Hamad Town, Northern, BH**, is beneficial but not essential given the remote nature.