Principal - Financial Risk Management (ICD)

IDB3476 - Principal - Financial Risk Management (ICD)

Business UnitICD - Islamic Corporation for DevelopmentDivisionFinancial & Operational Risk Management (ICD)DepartmentRisk Management Department ICDCountrySaudi ArabiaLocationSaudi Arabia - JeddahJob GradeE2Closing Date30-Apr-2025

Role Purpose

This role is responsible for supporting the identification, measurement, monitoring, and reporting of market risks arising from the institution’s investment, lending, and treasury operations. This includes analyzing market exposures – such as interest rate, foreign exchange, and commodity risks and contribute to the development of risk models and stress testing frameworks.
Knowledge Sharing & Innovation: Contribute effectively in efforts to promote risk management culture at the ICD level.
Share knowledge and disseminate information related to financial risk concepts and encourage the adoption of best business practices in risk management.
Share latest updates and innovations in the field of risk management tools, solutions, and software with ICD departments.
Coordinate with the Information Technology function and Business Departments for the implementation of systems required for independent risk assessment by the Risk Management Department.

Qualifications/Professional Experience

At least 3 year(s) of experience in financial/market risk management related position (s) in a reputable bank/ financial institutions is required. Exposure with an international financial institution or a multilateral development bank will be considered as an advantage.
Bachelor’s degree in Accounting, Finance, Business Administration, Economics, Statistics , Risk Management or similar discipline.
Master’s degree in Accounting, Finance, Business Administration, Economics, Statistics, Risk Management or similar discipline or a Professional certificate in Financial Accounting, CFA/FRM or any relevant professional certification is required.
Solid understanding of financial markets, especially fixed income and foreign exchange instruments.
Working experience on market risk assessment, Asset Liability Management, Profit Rate Risk Management and treasury investments products.
Familiarity with financial risk management frameworks (e.g., Basel guidelines, IFRS standards).
Strong quantitative and analytical skills with basic understanding of financial markets, instruments (equities, fixed income, derivatives), and risk concepts. In addition, knowledge of MS Excel with strong financial analysis and modelling skills is a must.

Core Behavioral and Technical Competencies

Core Behavioral:
Innovation and Initiatives
Change Management
Developing People Capability
Partnership Management
Strategic Thinking
Self-Effectiveness

Technical:

Financial Instrument Knowledge
Market Risk Measurement
Asset-Liability Management (ALM) Concepts
Quantitative and Analytical Skills
Technology and Programming Tools (Excel / Power BI / Treasury System)
Understanding of Regulatory and Risk Frameworks (Basel / IFSB / IFRS)
Data Management and Integrity

Language Skills

Capable of communicating in the working languages (Arabic, English and French) of which English is a must.
If 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):
- Resume/CV
- Passport-size photograph
- Copy of Passport