Enterprise Risk Management (ERM) Consultant - At Client Location

Note: This is job is based in client's location in Saudi Arabia

Job Title: Enterprise Risk Management (ERM) Consultant

Location: Riyadh, Saudi Arabia

Company: TechElevate

About Us:

TechElevate is a Pune-based Technology Consulting and Talent Development firm that supports organizations with secure, scalable digital solutions and empowers individuals with in-demand technical skills.

Experience: 10 to 15 years

Qualifications:

• Bachelor’s or Master’s degree in Risk Management, Business Administration, or a related field
• Strong knowledge of ISO 31000 risk management standards

Skills:

• Proven experience in governance, operational risk, and strategic risk assessments
• Excellent analytical, problem-solving, and communication skills
• Ability to develop and implement policies and procedures effectively
• Proficiency in risk assessment tools and software (preferred)

Key Responsibilities:

• Conduct comprehensive assessments of the current Enterprise Risk Management framework, governance structures, and practices
• Identify gaps and recommend improvements to comply with SAMA ERM regulations and ISO 31000 best practices
• Develop and implement a robust ERM strategy aligned with organizational objectives and risk culture
• Draft, review, and update ERM-related policies, standards, and procedures
• Establish clear governance structures for risk ownership, reporting, and escalation
• Integrate risk management into corporate strategy, business planning, and decision-making processes
• Develop or refine the Risk Appetite Statement and Risk Tolerance limits with senior management and the board
• Align risk appetite with regulatory expectations, business objectives, and capital adequacy requirements
• Implement a structured risk assessment program covering risk identification, analysis, evaluation, and monitoring
• Facilitate workshops and interviews with business units to assess strategic, operational, financial, compliance, and reputational risks
• Create and maintain risk registers, heat maps, and dashboards to improve visibility of risk exposures
• Provide periodic risk reports to senior management, Risk Committees, and the Board
• Ensure all ERM activities comply with SAMA ERM framework and ISO 31000:2018 principles
• Support internal and external audits and regulatory reviews by providing evidence of ERM compliance
• Deliver training and awareness sessions on ERM concepts, policies, and responsibilities
• Foster a risk-aware culture throughout the organization