Enterprise Risk Management Lead – ICAAP & Capital Adequacy

About the role

We are seeking an experienced Enterprise Risk Management professional to lead ICAAP and capital adequacy initiatives for a leading consulting firm in Saudi Arabia. The role is a 6‑month to 1‑year contract, full‑time, focused on aligning risk frameworks with SAMA regulations and business growth.

Key responsibilities

• Design and execute Pillar 2 capital plans that meet SAMA expectations and support strategic growth.
• Oversee IFRS 9 Expected Credit Loss modeling, including macro‑economic scenario forecasting and qualitative adjustments.
• Develop, cascade, and monitor the Risk Appetite Framework across business units and legal entities.
• Create advanced stress‑testing scenarios to assess impacts on capital adequacy, profitability and asset quality.
• Lead Recovery and Resolution Planning, defining triggers, playbooks and regulatory‑compliant recovery options.
• Ensure ongoing SAMA regulatory compliance and accurate prudential reporting.
• Manage cross‑functional stakeholder relationships with senior management, board committees, auditors and regulators.
• Supervise risk data pipelines, model validation and RWA optimization initiatives.
• Integrate stress‑testing and ICAAP outcomes with liquidity metrics such as LCR, NSFR and leverage ratios.

Required profile

• 8‑10 years of experience in ICAAP, capital adequacy and enterprise risk management.
• Proven expertise in IFRS 9 ECL modeling and stress‑testing methodologies.
• Strong knowledge of SAMA regulations, Basel III and prudential reporting.
• Demonstrated ability to develop and maintain a Risk Appetite Framework.
• Experience in recovery and resolution planning and stakeholder management at senior levels.

Required skills

• Capital Liquidity Integration
• Data Analytics Governance
• Advanced Stress Testing Methodologies
• ICAAP
• Recovery and Resolution Planning
• IFRS 9
• SAMA Regulatory Compliance
• Risk Appetite Framework