Risk Management Principal Analyst

Overview:

The Risk Management Principal Analyst is responsible for identifying, assessing, and mitigating risks that may impact Aramco Digital’s operations, reputation, and financial performance. This role supports the Head of Risk & Management in developing and implementing comprehensive risk management strategies and ensuring compliance with internal policies and external regulations. Working closely with organizational heads and cross-functional teams, the position plays a key role in embedding a proactive risk culture across the organization.

Key Responsibilities:

• Identify risks related to business units, projects, investments, operations, and strategic initiatives.
• Analyze potential threats, vulnerabilities, and opportunities that could affect organizational objectives.
• Assess severity and likelihood of identified risks using quantitative and qualitative methods.
• Evaluate financial, operational, and reputational impacts under various risk scenarios.
• Develop and implement mitigation strategies and internal controls for identified risks.
• Design and enforce risk-based policies, procedures, and measures in line with the organization’s risk appetite and control framework.
• Collaborate with stakeholders to ensure effective execution of mitigation plans.
• Partner with Finance and business units to integrate risk considerations into financial planning, budgeting, and forecasting.
• Identify risk-adjusted return targets, capital allocation strategies, and tolerance levels for IT investments and projects.
• Prepare and present risk reports, dashboards, and key metrics for senior management, finance committees, and the board of directors.
• Provide insights on emerging risks, trends, and potential impacts on business performance.
• Assess and recommend appropriate insurance coverage and risk transfer mechanisms.
• Review policies, limits, and exclusions to ensure adequate protection against potential losses.
• Monitor changes in relevant regulations and industry standards.
• Ensure adherence to internal and external compliance requirements related to risk management.
• Implement necessary adjustments to maintain regulatory and policy compliance.

Qualifications:

Education:

• Bachelor’s degree in finance, accounting, economics, business administration, mathematics, statistics, or related discipline is required.
• Professional certifications such as CRM, FRM, or ISO 31000 certification preferred.

Experience:

• +4 years of experience in risk management, with at least 3 years in a senior or specialized role.

Skills & Competencies:

• Strong understanding of financial and investment risk analysis, risk mitigation, and regulatory compliance.
• Experience in technology, digital transformation, or IT-related environments is an advantage.
• Proficiency in risk assessment methodologies and tools.