Risk Manager

Company Description

Raqamyah | رقمية is the leading crowdfunding platform in Saudi Arabia licensed by the Saudi Central Bank (SAMA). The company empowers SMEs by providing quick and accessible financing solutions while offering attractive investment opportunities with competitive returns to investors. Utilizing innovative financial technologies, Raqamyah aims to boost economic growth by supporting entrepreneurs and investors.

The Risk Manager is responsible for designing, implementing, and maintaining a comprehensive risk management framework across Raqamyah’s operations, in alignment with the Saudi Central Bank (SAMA) Risk Management and Corporate Governance Regulations . The role ensures that all material risks — credit, operational, liquidity, market, compliance, and information security — are effectively identified, assessed, monitored, and reported.

This is a critical control function supporting Raqamyah’s mission to maintain prudent risk culture, regulatory compliance, and financial sustainability as the company scales its institutional and retail lending operations.

• Establish and maintain Raqamyah’s Enterprise Risk Management (ERM) framework, policies, and procedures in line with SAMA requirements .
• Ensure proper risk governance structure, including risk appetite statements, limits, and key risk indicators (KRIs) .
• Facilitate periodic reviews and approval of risk policies by the Risk Committee and the Board of Directors .
• Promote a strong risk culture across all departments through training, awareness, and reporting.

• Oversee the credit risk management framework for SME and micro-lending portfolios .
• Review borrower assessment methodologies, credit scoring models, and default probability estimates.
• Monitor portfolio concentration, delinquency, and Expected Credit Loss (ECL) under IFRS 9 .
• Work closely with the Credit and Collections teams to manage exposures, early warning signals, and provisioning adequacy.
• Prepare risk analytics and performance dashboards for institutional lenders and board reporting .

• Identify, assess, and monitor operational risks arising from people, systems, processes, and external factors.
• Develop and maintain the Risk Control Self-Assessment (RCSA) and incident reporting processes.
• Coordinate with the Cybersecurity and GRC teams to ensure compliance with SAMA Cybersecurity Framework , NCA controls , and PDPL .
• Support business continuity and disaster recovery planning and testing.

• Prepare periodic risk dashboards and heat maps for the CEO and Board Risk Committee.
• Ensure full compliance with SAMA’s Risk Management, Governance, and Internal Control Guidelines .
• Coordinate with Internal Audit, Compliance, and Finance to close regulatory findings and ensure continuous improvement.
• Maintain up-to-date Risk Register , Key Risk Indicators (KRIs) , and loss event data .

• Bachelor’s degree in Finance, Risk Management, Accounting, or related field (Master’s preferred).
• 5–10 years of experience in risk management, preferably within a SAMA-regulated financial institution or fintech .
• In-depth understanding of SAMA Risk Management Framework , IFRS 9 , and credit risk modeling .
• Experience in SME lending or consumer finance is a plus.
• Strong quantitative, analytical, and reporting skills.

• FRM (Financial Risk Manager) – GARP
• CRM / CRMP / PRM certifications
• CFA (Chartered Financial Analyst) – advantage
• ISO 31000 Risk Management Certification
• SAMA or CMA regulatory training

• Strong analytical and critical thinking.
• Deep understanding of risk management practices and regulatory requirements.
• Excellent communication and presentation skills (Arabic and English).
• High ethical standards, integrity, and independent judgment.
• Ability to work cross-functionally with technology, credit, finance, and compliance teams.