Enterprise Risk Management Executive

Location: Dammam

Job title: Enterprise Risk Management Executive

Department: EGRCC

Job Purpose:

The purpose of the Enterprise Risk Management Executive position, reporting to the Enterprise Risk Management Manager, is to assist in designing, implementing, and maintaining a comprehensive Enterprise Risk Management (ERM) framework. This framework enables the organization to identify, assess, mitigate, monitor, and report key risks in alignment with its business strategy and performance objectives. The role supports executive management and the Board by strengthening risk governance, promoting a strong risk culture, and enhancing risk-informed decision-making across the organization.

Key Responsibilities:

• Assist in developing, maintaining, and continuously improving the company’s ERM framework, including risk identification, risk assessment, mitigation planning, risk monitoring, and risk reporting.
• Support periodic risk assessments with business units to identify key and emerging risks, define mitigation actions, and update the Risk Register in alignment with the company’s strategic objectives.
• Assist in collecting, validating, and analyzing risk-related data (operational, financial, strategic, and other enterprise risks) to support risk assessments and reporting outputs.
• Prepare regular risk reports, dashboards, and presentations for review by the Enterprise Risk Management Manager, highlighting key risk exposures, trends, mitigation progress, and control performance indicators.
• Follow up with departments on the implementation status of agreed risk mitigation plans and action items, and escalate delays or issues to the Enterprise Risk Management Manager as needed.
• Support the coordination of risk workshops, interviews, and cross-functional risk discussions to strengthen risk awareness and risk ownership across the organization.
• Assist in the development and periodic review of ERM-related methodologies, tools, templates, and guidance documents (e.g., risk assessment criteria, scoring models, reporting formats) under the supervision of the Enterprise Risk Management Manager.
• Monitor the external environment for factors that may impact enterprise risk (e.g., market conditions, sector trends, macroeconomic developments), and support the identification of potential risk implications to the business.
• Support risk-related materials for senior management and Board/committee discussions, including risk summaries, heatmaps, and key risk indicators (KRIs).

Experience & Qualifications

• Bachelor’s degree in Risk Management, Finance, Accounting, Business Administration, Economics, Engineering, or a related field.
• Minimum of 3–5 years of relevant experience in enterprise risk management, internal audit (risk-focused), or risk advisory.

Required Skills

• Experience supporting risk assessments, maintaining risk registers, and preparing risk reports/dashboards for senior stakeholders.
• Experience in a listed company or a regulated environment is preferred, specifically in risk reporting and risk governance practices (risk-focused).

Preferred Certificates:

• ISO 31000 Lead Risk Manager (or equivalent).
• COSO ERM training/certification is an advantage.
• Other relevant risk management certifications are a plus.