Associate Director - Financial Risks (COR 525)

About Qiddiya :

Qiddiya Investment Company is envisioned to be the world’s premier destination for entertainment, culture, and sports, located just outside Riyadh. As we embark on developing this unique and exciting project, we are seeking an Associate Director - Financial Risks to join our financial management team. This role is crucial as we navigate the complexities of significant financial undertakings associated with this Giga project.

About the Role :

The Associate Director - Financial Risks will be responsible for identifying, assessing, and managing financial risks associated with Qiddiya's extensive projects and investments. You will play a key role in developing risk management strategies that align with our financial objectives, ensuring the safeguarding of our assets and investments. This position demands a strategic thinker who can analyze complex financial data and work collaboratively with various teams.

Key Responsibilities

• Contribute to the design and enhancement of the Enterprise risk taxonomy and risk appetite framework specifically for financial risks (e.g., capital, liquidity and funding risks)
• Provide expert input on the development and refinement of Key Risk Indicators (KRIs) related to financial risk domains (e.g., cost overruns, funding gap)
• Collaborate with key departments such as Finance, Investment Management and vertical Project Development Finance teams to gather and validate inputs for enterprise-wide risk assessments and control testing
• Sense-check and review risk assessment to ensure consistency, accuracy, and alignment with ERM standard
• Support in synthesizing and integrating financial risk data into overall risk reporting and strategic decision-making
• Improve the robustness of bottom-up financial risk assessment methodologies including quantitative financial models (e.g., funding model) and scenario analysis (e.g., budget forecasting)
• Maintain and regularly update the control catalogue (e.g., policies, procedures) for controls applicable to financial risks, ensuring relevance and completeness.

Requirements