313 Risk Manager jobs in Bahrain

• Develop and implement comprehensive financial risk management frameworks and strategies.
• Identify, assess, and quantify potential financial risks across the organization.
• Design and implement risk mitigation techniques and control measures.
• Monitor and analyze market trends, economic conditions, and regulatory changes impacting financial risk.
• Develop and maintain risk models, stress testing scenarios, and contingency plans.
• Prepare regular risk reports for senior management and the board of directors.
• Ensure compliance with all relevant financial regulations and internal policies.
• Collaborate with business units to understand their risk exposures and provide guidance on risk management best practices.
• Conduct internal audits and reviews of risk management processes.
• Stay up-to-date with industry best practices and emerging risk management techniques.
• Train and educate staff on risk awareness and management principles.
• Manage relationships with external auditors and regulatory bodies concerning risk matters.
• Contribute to the development of risk appetite statements and limits.

• Master's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• Minimum of 5 years of experience in financial risk management within the banking or financial services sector.
• Strong understanding of various financial risk types (market, credit, operational, liquidity).
• Proficiency in risk modeling techniques, statistical analysis, and relevant software (e.g., Excel, VBA, R, Python).
• Knowledge of financial regulations (e.g., Basel Accords).
• Excellent analytical, problem-solving, and decision-making skills.
• Strong communication and interpersonal skills, with the ability to present complex information clearly.
• Professional certifications such as FRM (Financial Risk Manager) or CFA are highly desirable.
• Ability to work independently and as part of a team.

• Develop, implement, and maintain robust risk management frameworks and policies.
• Identify and assess financial risks, including market risk, credit risk, operational risk, and liquidity risk.
• Design and execute stress testing and scenario analysis to evaluate the impact of adverse market conditions.
• Monitor risk exposures and ensure compliance with regulatory guidelines (e.g., Basel III, local central bank regulations).
• Develop and maintain risk models and quantitative tools for risk measurement and reporting.
• Prepare comprehensive risk reports for senior management and regulatory bodies.
• Collaborate with business units to integrate risk management practices into daily operations.
• Conduct internal audits and reviews of risk management processes and controls.
• Stay updated on emerging financial risks and regulatory changes.
• Provide training and guidance to staff on risk management principles and best practices.

• Master's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• Minimum of 5 years of experience in financial risk management, preferably within a banking or financial services environment.
• In-depth knowledge of financial markets, instruments, and risk management techniques.
• Proficiency in risk modeling software and data analysis tools (e.g., SAS, R, Python).
• Strong understanding of regulatory frameworks and compliance requirements.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong communication and presentation skills, with the ability to articulate complex risk issues to diverse audiences.
• Ability to work effectively in both team and independent settings.
• Professional certifications such as FRM, PRM, or CFA are highly desirable.
• Must be able to attend mandatory meetings and collaborative sessions at our **Hamad Town, Northern, BH** office regularly, while enjoying the flexibility of remote work for other duties.

Bank ABC seeks to recruit an Assistant Manager, Operational Risk in the Group Operational Risk Management Department based in our Head Office, in Bahrain.

The Assistant Manager, Operational Risk will be required to contribute to the development and implementation of operational risk framework across the ABC Group and provide second-line oversight and challenge to the management of operational risk by the first line, across the group and in Bahrain.

This includes:

• Engaging with the first line on identification, assessment, and mitigation of operational risk
• Facilitate implementation of the group-wide framework for management of operational risk in Bahrain and other Units
• Collaborate with other second line non-financial Risk Departments on matters related risk management
• Representing risk in efforts to launch new products, change processes, implement systems, etc.
• Analysis of risk data and translating same in action plans
• Reporting of risks and status of risk management
• Preparation for Operational Risk Committees
• Raising awareness and promoting best practices for the management of operational risk.
• Assistance with the further development of the framework for the management of operational risk

• Draft the Group Policies, Standards and Procedures (PSPs) and supporting tools and ensure effective implementation through providing training
• Facilitate the management of operational risk across the Units.
• Implementation of the group-wide framework for the management of operational risk;
• Organization and facilitation of risk management workshops;
• Coordination and facilitation of the implementation of the various policies and procedures in the Units
• Assistance with the identification of risks and the definition of appropriate controls;
• Assistance with development of action plans to mitigate risks
• Challenging / testing the effectiveness of controls;
• Analysis of risk data such as loss events and other incidents, KRIs, etc. and ensuring that they are translated into appropriate action;
• Investigating risk events and incidents;
• Following up on completion of action plans
• Review - and approve local policies & procedures to ensure compliance with group standards and policies
• Provide day-to-day training and support to the first and second line and the Units for the management of operational risk.
• Develop and conduct training on Operational Risk for various stakeholders
• Responsible for various Initiatives including Incident Management, Key Risk Indicators, RCSAs as required etc
• Involved with the ICAAP Process in order to assess adequacy of operational risk capital

• A minimum of 5 years of relevant banking experience.
• Bachelor/ Master s degree from a reputable university or acceptable equivalent
• Extensive second-line experience providing operational risk oversight in a global/ regional bank.
• Advanced level understanding of business processes, business applications, technology infrastructure related to commercial credits and/or trade finance and/or trading & sales business, risk or support function gained preferable through first line experience
• Excellent understanding of the CBB requirements for Operational Risk Management (OM-1) and familiarity with international regulatory environment in different countries where ABC group operates, best practices and industry standards (COSO, ISO)
• Advanced knowledge of operational risk discipline, and various non-financial risk types including information security, business continuity and disaster recovery, compliance, third-party etc;
• Strong practical experience developing and implementing risk and control frameworks, tools, and methodologies
• Strong written & oral communication / presentation skills;
• Proficient in English & Arabic
• Good time-management skills;
• Driven, Self-motivation and leadership attributes;
• People management and relationship skills;
• Experience leading business critical projects

Company Industry

• Banking
• Broking

Department / Functional Area

• Data Entry
• Operations
• Back Office Processing

Keywords

• Operational Risk

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Job Summary:

The Risk Manager's role will be to work closely with the Compliance Department in the aim to combat financial, safety and security risks and to find ways to reduce such risks through planning and problem-solving. The Risk Manager should present their findings in a way that's easy for the company administration to understand and implement.

The Risk Manager should ensure that the company is compliant with all Central Bank of Bahrain (CBB) regulatory requirements.

Main Duties:

• Maintain the risk management framework that aligns with our strategy, culture, and values Identifying and analyzing various risks that could affect us
• Prepare action plans to decrease risk factors
• Make risk-avoiding adjustments to current methods of operation to minimize future risks
• Conduct assessments to define and analyze possible risks
• Evaluate the gravity of each risk by considering its consequences
• Audit processes and procedures
• Develop risk management controls and systems
• Create contingency plans to manage crises
• Design processes to eliminate or mitigate potential risks
• Evaluate existing policies and procedures to find weaknesses
• Prepare reports and present recommendations
• Help implement solutions and plans
• Performing risk evaluations and assessments
• Creating and implementing risk management procedures
• Drafting business continuity plans to reduce or limit risk
• Evaluating loss exposures and assessing liability
• Provide training and certification for organization staff so that they can be aware of risks and try to avoid them

Job Specification

• The Risk Manager will be self-managing and will be primarily responsible and play a vital role in ensuring the success and sustainability of NFS, responsible for identifying, analyzing, evaluating, and treating the potential threats and opportunities that may affect our objectives, performance, reputation, or resources.
• One of the key responsibilities will be to maintain a risk management framework that aligns with NFS's strategy, culture, and values. The risk management framework is a set of policies, processes, tools, and techniques that guide and support risk management activities. It should define the scope, objectives, roles, responsibilities, and reporting of risk management, as well as the risk appetite, tolerance, and criteria to Senior Management.
• The position reports directly to the General Manager.

Key Skill Set

• Proven experience as a Risk Manager
• Effectively plan and organise own time and priorities
• Knowledge of risk assessment and controls
• Familiarity with industry risks and regulations
• Diverse skill set, including risk assessment and analysis, industry knowledge
• Communication and influencing abilities
• Problem-solving and decision-making skills, analytical mind with problem-solving aptitude
• Project management expertise, and proficiency in technology and data analysis
• Excellent communication and presentation skills
• Demonstrate drive and commitment to get tasks done (can-do attitude)
• Must demonstrate risk awareness by analysing the needs and requirements of customers first then of risks that could affect NFS
• Ability to develop positive relationships both inside and outside the company
• Excellent verbal and non-verbal communication skills
• Able to deliver key messages, simply and clearly
• High level of numeracy and analytical skills

Preferred Attributes or Competencies

• A clear understanding of the role and responsibilities associated with this position
• An appropriate level of experience and standing to demonstrate suitable independence from other functions within the insurance licensee
• Good understanding of the insurance business and the wider industry
• Good understanding of the industry's regulatory environment
• The relevant experience and qualifications to fulfill his responsibilities.
• Technical risk management skills, such as analytical skills and data handling
• Ability to plan risk activities
• Measuring risk management performance
• Soft skills for risk managers, including business knowledge, relationship management, judgment and decision making, and learning agility
• Well groomed, professional and personable
• Management skills
• Excellent written and verbal English

Qualifications and Experience

• A minimum of 7 years of practical experience in a financial institution of which at least 5 years in a risk management position within the insurance industry
• An academic degree from a university at bachelor level or higher in addition to professional qualification(s) related to actuary, accounting, or finance and other relevant certification(s) specific to this role.
• Such professional qualifications may include but are not limited to (i) Associate in Risk Management (ARM), The institutes; (ii) International Diploma in Risk Management, Institute of Risk Management qualifications (IRM); (iii) Financial Risk Manager (FRM), Global Association of Risk Professionals (GARP); and/or (iv) Professional Risk Manager (PRM), Professional Risk Managers' International Association (PRIMA)
• Experience and confidence in the ability to manage the risks that NFS face

Job Categories: Office Admin

Job Types: Full Time

Job Locations: Bahrain

• Develop and implement comprehensive financial risk management policies and procedures.
• Identify, assess, and monitor key financial risks across the organization.
• Conduct stress testing, scenario analysis, and capital adequacy assessments.
• Manage and analyze market risk, credit risk, operational risk, and liquidity risk.
• Prepare risk reports for senior management and regulatory authorities.
• Collaborate with business units to integrate risk management into daily operations.
• Stay current with regulatory requirements and industry best practices in risk management.
• Develop and maintain risk models and analytics tools.
• Lead and mentor junior risk management professionals.
• Contribute to strategic decision-making by providing risk insights.

• Master's degree in Finance, Economics, Mathematics, or a related quantitative field.
• 7+ years of experience in financial risk management within the banking or financial services industry.
• In-depth knowledge of risk management frameworks and regulatory requirements (e.g., Basel Accords).
• Strong analytical and quantitative skills, with proficiency in risk modeling and data analysis.
• Experience with risk management software and tools.
• Excellent communication, presentation, and interpersonal skills.
• Ability to work effectively in a hybrid work environment.
• Strong leadership and team management capabilities.

• Develop, implement, and maintain robust risk management policies and procedures.
• Conduct in-depth analysis of financial markets, economic trends, and regulatory changes to identify potential risks.
• Design and manage stress testing and scenario analysis frameworks to evaluate the institution's resilience.
• Monitor and report on key risk indicators (KRIs) and key performance indicators (KPIs) to senior management and relevant committees.
• Collaborate with various departments, including trading, operations, and compliance, to ensure a holistic approach to risk management.
• Oversee the assessment of counterparty credit risk for major transactions.
• Ensure adherence to all relevant local and international financial regulations, such as Basel Accords.
• Develop and deliver training programs on risk management principles and practices to staff across the organization.
• Actively participate in the validation of risk models and methodologies.
• Contribute to strategic decision-making by providing expert advice on risk-related matters.
• Manage relationships with external auditors and regulatory bodies regarding risk assessments.
• Lead and mentor a team of risk analysts and specialists.

• Bachelor's degree in Finance, Economics, Mathematics, or a related quantitative field; Master's degree preferred.
• Minimum of 7 years of progressive experience in financial risk management within the banking or financial services sector.
• In-depth knowledge of financial instruments, markets, and risk management techniques.
• Strong understanding of regulatory frameworks (e.g., CMA, Basel III/IV).
• Proficiency in financial modeling, data analysis, and risk assessment tools.
• Excellent analytical, problem-solving, and decision-making skills.
• Exceptional communication, presentation, and interpersonal skills.
• Ability to work effectively under pressure and meet strict deadlines.
• Professional certifications such as FRM, CFA, or PRM are highly advantageous.
• Experience with risk management software and databases.
• Proven leadership capabilities and experience managing teams.

• Develop, implement, and refine the organization's enterprise-wide risk management framework.
• Identify, assess, and monitor key financial risks, including market risk, credit risk, liquidity risk, and operational risk.
• Conduct stress testing and scenario analysis to evaluate the resilience of the firm's financial position.
• Develop and maintain risk models and methodologies.
• Ensure compliance with relevant financial regulations and reporting requirements (e.g., Basel III, local regulatory guidelines).
• Prepare detailed risk reports and present findings and recommendations to senior management and the Board of Directors.
• Collaborate with various departments, including trading, treasury, and compliance, to foster a strong risk culture.
• Develop and implement risk mitigation strategies and controls.
• Stay current with evolving financial markets, regulatory changes, and industry best practices in risk management.
• Mentor and guide junior risk analysts.

• Bachelor's or Master's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• Professional certifications such as FRM, PRM, or CFA are highly advantageous.
• Minimum of 7 years of progressive experience in financial risk management within the banking or financial services industry.
• In-depth knowledge of various financial instruments and markets.
• Strong understanding of risk modeling techniques and quantitative analysis.
• Proficiency in risk management software and data analysis tools (e.g., SQL, Python, R).
• Excellent analytical, problem-solving, and strategic thinking skills.
• Exceptional communication and presentation skills, with the ability to articulate complex risk concepts to diverse audiences.
• Proven leadership abilities and experience managing teams.
• Strong understanding of regulatory frameworks impacting financial institutions.