Overview
Senior Manager – Operations Risk Jobs in Riyadh, Saudi Arabia at Red Sea Global
Title: Senior Manager – Operations Risk
Company: Red Sea Global
Location: Riyadh, Saudi Arabia
Be the change. Join the world’s most visionary developer.
Red Sea Global (RSG) is showing that there is a better way to positively shape the places we live, work and travel.
We are purpose-driven and committed to people and planet. Our transformative programs are a driving force to achieving Vision 2030, as well as leading the world towards regenerative tourism.
Join RSG and be part of the positive change for Saudi Arabia and the world.
Job Purpose:
- This role aims to ensure adequate integration and consolidation of the risks from the operational destination, subsidiaries, and enablers level up to the enterprise level.
- The Senior Manager – Operations Risk is responsible for developing dashboards and risk registers for a) operational subsidiaries, assets, activities, and enablers, including hospitality and non-hospitality activities; and b) Operations Risk Profile.
Job Responsibilities:
Administrative
- Participate in setting the goals, initiatives & plans and monitor their execution;
- Manage day-to-day activities & operations, including implementation of all policies & procedures and recommend potential improvements where appropriate;
- Assist in the development and management of financial and human resource requirements (annual budget); and;
- Manage, guide & support employees in the execution of their work and develop them to improve performance.
RM Framework
- Support developing and maintaining Operations Risk Management policy, Processes & Procedures in alignment with the ISO 31000 framework, and ensure integration & alignment between the operational verticals;
- Roll-out upon gaining the approval of the Risk Director the approved implementation plan for Operations;
- Oversee the implementation of the approved mitigation plans;
- Provide an aggregated view of risks related to overall Operations Mega Processes;
- Develop systemic Operations risk profile; and
- Assume the role of Operations Risk Panel (ORP) Secretariate.
Risk Identification, Prioritization and Treatment
- Review all the operational assets risks identified and ensure all material risks are properly consolidated at the operations systemic level and escalated to the Risk Director;
- Engage Corporate, Projects Delivery and Development risk teams to ensure proper and effective transfer of risks across the value chain risk owners;
- Engage the Operations teams in discussions regarding events that could lead to potential losses or missed opportunities;
- Run and facilitate the operations risk assessment workshops/meetings;
- Facilitate the development of the risk treatment plans with the risk owners;
- Review the consolidated operations risk treatment strategies and identify improvement areas that could be adopted at the enterprise level to better utilize company resources.
Monitoring and Reporting
- Prepare risk dashboards and reports;
- Monitor compliance and effectiveness of the RM processes & procedures within RSG Operations and report on results; and
- Monitor implementation timeliness and effectiveness of the consolidated Operational risk treatment plans and strategy.
Training and Communication
- Identify risk training needs;
- Develop and deliver training materials to the Risk Champions to raise RM awareness;
- Recommend to the Risk Director the awareness messages (i.e., emails, brochures, screen savers, etc.) to be delivered to the business; and
- Share knowledge of risk practices and best practices with the ERM function.
Job Requirements:
Qualifications & Experience:
- Bachelor’s degree in Risk Management, Finance, or Business Administration.
- Certification in Risk Management or Risk Assurance from a well-renowned international body (i.e., IRM, IIA).
- Eight to ten years of Enterprise Risk Management and/or Risk-based Internal Audit experience, including three years of experience with a consulting firm (EY, Deloitte, PwC… etc).
- Experienced with Enterprise Risk Management frameworks (ISO 31000 or COSO ERM).
Skills:
- Excellent written and verbal English language skills
Job Context:
- Risk assessment for the operational destination, subsidiaries, activities, and enablers.