Risk Consultant - Wholesale Banking - Consulting Firm - Contractual Role

Risk Consultant - Wholesale Banking - Consulting Firm - Contractual Role

At Outsized, we match clients in financial services and management consulting to high-quality independent consultants and boutique/specialist firms for the execution of their key projects.

Our client is a leading consulting firm in the Middle east region. They are seeking a highly experienced and motivated Risk Consultant to join their Wholesale Banking team in Riyadh. This role demands a candidate with a robust background in wholesale banking or financial risk consulting, coupled with a proven track record in risk identification, assessment, and mitigation. The ideal candidate will possess strategic vision, exceptional analytical skills, and the capability to influence and drive organizational change. This is a 6 month (extendable) role contractual role initially with a high probability of being converted to a permanent role.

Key Responsibilities:

- Client Portfolio Management: Manage a portfolio of corporate clients, providing tailored banking solutions to meet their financial needs.

- Business Development: Assist in Identifying and pursuing new business opportunities to expand the wholesale banking portfolio.

- Cross-functional Collaboration: Work with cross-functional teams to deliver comprehensive financial solutions, including loans, trade finance, and cash management.

- Risk Management: Identify, assess, monitor, and report on various types of financial and operational risks.

- Risk Assessment: Conduct thorough risk assessments for both new and existing wholesale banking products and services.

- Advisory Role: Provide expert advice on risk management practices and policies to senior management and stakeholders.

- Trend Monitoring: Monitor emerging risks and trends in the wholesale banking industry and recommend strategic action plans.

- Reporting: Prepare detailed risk reports and present findings to senior management and relevant committees.

- Project Leadership: Lead projects and initiatives aimed at enhancing the product capabilities of the Wholesale Banking department.

- Training and Workshops: Conduct training and workshops to foster a risk-aware culture within the organization.

Qualifications and Experience:

- Education: MBA or equivalent advanced degree in Finance, Business Administration, or a related field.

Experience:

- 12-15 years of relevant work experience in fintech, wholesale banking, or financial risk consulting.

- Extensive knowledge of risk management principles, practices, and methodologies, particularly in trade finance, cash management, transaction banking, and lending.

- Experience with treasury services, as well as credit, market, and liquidity risk management.

Skills:

- Strong analytical and problem-solving abilities, with expertise in interpreting complex data and making informed decisions.

- Excellent communication and presentation skills, capable of conveying risk-related concepts to a varied audience.

- Proven project leadership skills with strong organizational and time-management capabilities.

- Regulatory Knowledge: Familiarity with regulatory requirements and compliance related to risk management in the banking sector.

- Technical Proficiency: Skilled in the use of risk management software and tools.

Additional Information: This role is designed for a strategic thinker who is ready to tackle the challenges of a dynamic financial environment and drive significant contributions to the wholesale banking team. The candidate should be prepared to join a forward-thinking team committed to leading industry standards in risk management.

This is a contractual opportunity with an initial 6-month contract. This role is based in Riyadh, KSA.