Our client is a leading consulting firm in the Middle east region. They are seeking a highly experienced and motivated Risk Consultant to join their Wholesale Banking team in Riyadh. This role demands a candidate with a robust background in wholesale banking or financial risk consulting, coupled with a proven track record in risk identification, assessment, and mitigation. The ideal candidate will possess strategic vision, exceptional analytical skills, and the capability to influence and drive organizational change. This is a 6 month (extendable) role contractual role initially with a high probability of being converted to a permanent role.

Key Responsibilities:

• Client Portfolio Management: Manage a portfolio of corporate clients, providing tailored banking solutions to meet their financial needs.
• Business Development: Assist in Identifying and pursuing new business opportunities to expand the wholesale banking portfolio.
• Cross-functional Collaboration: Work with cross-functional teams to deliver comprehensive financial solutions, including loans, trade finance, and cash management.
• Risk Management: Identify, assess, monitor, and report on various types of financial and operational risks.
• Risk Assessment: Conduct thorough risk assessments for both new and existing wholesale banking products and services.
• Advisory Role: Provide expert advice on risk management practices and policies to senior management and stakeholders.
• Trend Monitoring: Monitor emerging risks and trends in the wholesale banking industry and recommend strategic action plans.
• Reporting: Prepare detailed risk reports and present findings to senior management and relevant committees.
• Project Leadership: Lead projects and initiatives aimed at enhancing the product capabilities of the Wholesale Banking department.
• Training and Workshops: Conduct training and workshops to foster a risk-aware culture within the organization.

Qualifications and Experience:

• Education: MBA or equivalent advanced degree in Finance, Business Administration, or a related field.
• Experience:
• 12-15 years of relevant work experience in fintech, wholesale banking, or financial risk consulting.
• Extensive knowledge of risk management principles, practices, and methodologies, particularly in trade finance, cash management, transaction banking, and lending.
• Experience with treasury services, as well as credit, market, and liquidity risk management.
• Skills:
• Strong analytical and problem-solving abilities, with expertise in interpreting complex data and making informed decisions.
• Excellent communication and presentation skills, capable of conveying risk-related concepts to a varied audience.
• Proven project leadership skills with strong organizational and time-management capabilities.

• Regulatory Knowledge: Familiarity with regulatory requirements and compliance related to risk management in the banking sector.

• Technical Proficiency: Skilled in the use of risk management software and tools.

• Local Expertise: Preference for candidates with a strong understanding of the Saudi Arabian banking landscape and regulatory framework.

Additional Information: This role is designed for a strategic thinker who is ready to tackle the challenges of a dynamic financial environment and drive significant contributions to the wholesale banking team. The candidate should be prepared to join a forward-thinking team committed to leading industry standards in risk management.