Head of Operational Risk Management

Soar

Head of Operational Risk Management overseeing risk framework and compliance in fintech startup. Design and implement operational risk strategies in line with SAMA requirements.

Posted 5/17/2026full-timeRiyadh • 🇸🇦 Saudi ArabiaLeadWebsite

Tech Stack

Tools & technologies

Cyber Security

About the role

Key responsibilities & impact

Design, implement, and maintain the foundational pillars of the Operational Risk Management (ORM) framework, including policies, governance structures, and methodologies.
Lead the implementation and ongoing execution of the RCSA methodology across all departments (e.g., HR, operations, finance, business, technology) to proactively identify, evaluate, and manage inherent risks and control effectiveness.
Design, maintain, and regularly update comprehensive Operational Risk Registers and loss event databases, ensuring accurate classification and timely reporting of incidents.
Develop and monitor relevant Key Risk Indicators (KRIs) and thresholds specific to operational risk, providing early warning signals for potential control failures.
Develop and implement a formal, clear, and organization-wide Incident Reporting Process for operational risk and near-miss events, ensuring all staff can easily report issues in a consistent manner.
Ensure timely and accurate reporting of all major operational and cyber security incidents to SAMA, adhering strictly to mandated thresholds, content requirements, and reporting timelines.
Oversee and enforce the mandatory use of Root Cause Analysis for all material incidents to ensure that control weaknesses are identified and permanently remediated.
Oversee and provide strategic direction to the Fraud Risk Manager, ensuring the development and execution of an effective, end-to-end fraud prevention, detection, and response program, including managing the internal whistleblowing and fraud investigation processes.
Collaborate closely with the Technology and Cybersecurity teams to manage and mitigate Technology Risk and Cyber Security Risk, including risks related to system failures, data integrity, platform changes, and third-party vendor reliance.
Conduct mandatory operational risk training for all employees and management to foster a strong risk-aware culture, emphasizing the importance of effective control performance and accountability.
Prepare detailed, high-quality ORM reports for the CRO, Executive Management, and the Board Risk Committee, highlighting material exposures, control deficiencies, and progress on remediation plans.

Requirements

What you’ll need

Bachelor’s degree in Business, Finance, Risk Management, or a related quantitative field. A professional certification is strongly preferred.
Minimum of 8-10 years of experience in Operational Risk Management within the financial services sector, with at least 4 years in a leadership or managerial capacity. Experience in a Fintech or a digitally-focused environment is highly advantageous.
Deep, practical experience in implementing and running core ORM tools, including RCSA, loss data collection, scenario analysis, and KRI monitoring.
Solid understanding of SAMA's requirements and expectations regarding operational risk, governance, and business continuity, especially as they apply to technology-driven financial institutions.
Proven experience in establishing or significantly contributing to a formal Fraud Risk Management program.
Communication: Excellent verbal and written communication skills in both English and Arabic to effectively liaise with technical teams, senior management, and the CRO.

Benefits

Comp & perks

🌐 Worldwide ❌ Jobs You've Hidden ⭐️ Saved Jobs ✅ Applied Jobs ✉️ Email Alerts 👤 Account Soar Website LinkedIn All Job Openings 51 - 200 employees 💳 Fintech 🏠 Real Estate Fintech
Real Estate Soar is a global fintech platform headquartered in Riyadh that simplifies finances and amplifies investments by enabling individuals and businesses to invest in real estate development projects, raise funds, and monitor cash flow. The platform offers property investment products, funding/loan solutions, investor and business profiles, a revenue calculator, SSO, and a mobile app, while emphasizing security, compliance (including Shariah compliance and licensing by the Central Bank of Saudi Arabia), and custodial arrangements with leading financial institutions. Head of Operational Risk Management 🔥 4 hours ago 🏢🏡 Riyadh – Hybrid ⏰ Full Time 🔴 Lead 🎲 Risk 🗣️🇸🇦 Arabic Required Apply Now Find Hiring Managers Customize resume + cover letter Report problem ☆ Save ☑️ Mark as applied ❌ Hide 📋 Description
Design, implement, and maintain the foundational pillars of the Operational Risk Management (ORM) framework, including policies, governance structures, and methodologies.
Lead the implementation and ongoing execution of the RCSA methodology across all departments (e.g., HR, operations, finance, business, technology) to proactively identify, evaluate, and manage inherent risks and control effectiveness.
Design, maintain, and regularly update comprehensive Operational Risk Registers and loss event databases, ensuring accurate classification and timely reporting of incidents.
Develop and monitor relevant Key Risk Indicators (KRIs) and thresholds specific to operational risk, providing early warning signals for potential control failures.
Develop and implement a formal, clear, and organization-wide Incident Reporting Process for operational risk and near-miss events, ensuring all staff can easily report issues in a consistent manner.
Ensure timely and accurate reporting of all major operational and cyber security incidents to SAMA, adhering strictly to mandated thresholds, content requirements, and reporting timelines.
Oversee and enforce the mandatory use of Root Cause Analysis for all material incidents to ensure that control weaknesses are identified and permanently remediated.
Oversee and provide strategic direction to the Fraud Risk Manager, ensuring the development and execution of an effective, end-to-end fraud prevention, detection, and response program, including managing the internal whistleblowing and fraud investigation processes.
Collaborate closely with the Technology and Cybersecurity teams to manage and mitigate Technology Risk and Cyber Security Risk, including risks related to system failures, data integrity, platform changes, and third-party vendor reliance.
Conduct mandatory operational risk training for all employees and management to foster a strong risk-aware culture, emphasizing the importance of effective control performance and accountability.
Prepare detailed, high-quality ORM reports for the CRO, Executive Management, and the Board Risk Committee, highlighting material exposures, control deficiencies, and progress on remediation plans. 🎯 Requirements
Bachelor’s degree in Business, Finance, Risk Management, or a related quantitative field. A professional certification is strongly preferred.
Minimum of 8-10 years of experience in Operational Risk Management within the financial services sector, with at least 4 years in a leadership or managerial capacity. Experience in a Fintech or a digitally-focused environment is highly advantageous.
Deep, practical experience in implementing and running core ORM tools, including RCSA, loss data collection, scenario analysis, and KRI monitoring.
Solid understanding of SAMA's requirements and expectations regarding operational risk, governance, and business continuity, especially as they apply to technology-driven financial institutions.
Proven experience in establishing or significantly contributing to a formal Fraud Risk Management program.
Communication: Excellent verbal and written communication skills in both English and Arabic to effectively liaise with technical teams, senior management, and the CRO. Apply Now 📊 Check your resume score for this job Improve your chances of getting an interview by checking your resume score before you apply. Check Resume Score 🌐 Worldwide Built by Lior Neu-ner. I'd love to hear your feedback — Get in touch via DM or support@remoterocketship.com Search Search Jobs by country Search jobs by city Search jobs by job title Search entry-level jobs Search junior-level jobs Search senior-level jobs Search jobs by tech stack Search jobs by contract type Search remote internships Search remote part-time jobs Remote jobs Anywhere in the World Companies Hiring Anywhere in the World Companies Hiring Sales People Anywhere in the World Companies Hiring Software Engineers Anywhere in the World Resources Advice Tips for finding remote jobs Interview questions and answers Resume examples Cover letter examples Post a job Affiliates Privacy policy Terms of service Job board SEO course AI Apply Copilot OpenClaw job finder Jobs by Country Remote jobs anywhere in the world (Worldwide remote jobs) Remote jobs United States Remote jobs Australia Remote jobs Brazil Remote jobs Canada Remote jobs France Remote jobs Ireland Remote jobs Germany Remote jobs Netherlands Remote jobs Spain Remote jobs UK Popular Jobs Remote data analyst jobs Remote customer support jobs Remote executive assistant jobs Remote marketing jobs Remote product designer jobs Remote product manager jobs Remote project manager jobs Remote recruiter jobs Remote sales jobs Remote software engineer jobs Jobs by Type Remote full-time jobs Remote part-time jobs Remote contract jobs Remote internship jobs Remote entry-level jobs Remote jobs with no experience required Remote junior jobs (1-3 years of experience) Digital nomad jobs Remote jobs with no degree required Freelance remote jobs Temporary remote jobs Remote jobs hiring now Stay at home mom jobs

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Hard Skills & Tools

Operational Risk ManagementRCSA methodologyKey Risk Indicators (KRIs)Root Cause AnalysisFraud Risk ManagementIncident Reporting Processloss data collectionscenario analysiscyber security incident reportinggovernance structures

Soft Skills

leadershipcommunicationcollaborationtrainingstrategic directionrisk-aware cultureaccountabilityreportingproblem-solvinginterpersonal skills

Certifications

Bachelor’s degree in BusinessBachelor’s degree in FinanceBachelor’s degree in Risk Managementprofessional certification in Risk Management