Senior Enterprise Risk Management Specialist

 Water Transmission and Technologies Company 

Riyadh - HQ

Senior Enterprise Risk Management Specialist

90003022

Job Purpose:

The job holder is responsible for developing, implementing, and managing comprehensive enterprise risk management strategies to ensure the organization effectively identifies, assesses, mitigates, and monitors risks.

Key Activities:

• Ensuring work is performed based on approved policies, processes, procedures, and instructions.
• Identify opportunities for continuous improvement of systems, practices, cost optimization, and productivity & efficiency improvement.
• Ensure compliance with all applicable laws, rules, regulations, and standards within WTCO and related functions such as but not limited to (HC, HSSE, Risk, Cybersecurity, etc..).
• Escalate problems to ensure case/issue is closed efficiently and in a timely manner.
• Contribute to the development and enhancement of the ERM strategy to align with WTCO’s overarching goals and objectives.
• Support the design and implementation of the ERM framework, ensuring its adaptability to evolving business needs and alignment with global risk management best practices.
• Develop, implement, and refine risk management policies, guidelines, and processes to ensure uniformity and coverage across all business units.
• Lead advanced risk identification and assessment activities, including performing root cause analysis and evaluating cross-functional risks.
• Ensure monitoring and reviewing risk performance indicators to measure risk contribution to ensure the cost-effectiveness of existing controls and introduce improvements.
• Manage the corporate risk register by categorizing risks based on priority, likelihood, and impact, and ensure mitigation plans are effectively tracked and executed.
• Monitor emerging risks and industry trends to provide WTCO with actionable recommendations and a proactive approach to risk management.
• Regularly review and assess WTCO’s insurance coverage to avoid duplications, identify gaps, and ensure alignment with operational and financial objectives.
• Work closely with department heads, business units, and external partners to facilitate comprehensive risk evaluations and establish effective risk mitigation strategies.
• Conduct training workshops and awareness programs to enhance the organization’s risk management culture and ensure compliance with ERM practices.
• Prepare in-depth reports on risk management activities, including key risk indicators, performance metrics, and recommended improvements, for presentation to senior leadership.

Education and Certifications

• Bachelor’s Degree in Risk Management, Business Administration, or relevant fields.

Thank you For Choosing WTCO