The Arab Monetary Fund aims to onboard an "Executive Director, Risk" leading the Risk Department, reporting to the Director General, Chairman of the Board.
Job Purpose
The Executive Director, Risk is responsible for developing and leading AMF’s enterprise-wide risk management, compliance, and cybersecurity strategies. This includes the identification, assessment, and mitigation of financial, market, credit, operational, and cyber risks. The role ensures a structured and forward-looking approach to business continuity, regulatory compliance, and resilience, aligned with AMF’s strategic vision. The Executive Director also leads efforts to build an institutional culture of vigilance and risk awareness, ensuring the effectiveness and independence of the lines of defense.
Key Accountability Areas and Activities
The key activities include, but are not limited to, the following:
- Define and oversee the execution of AMF’s enterprise risk management strategy aligned with regulatory frameworks and industry standards.\Review and update AMF’s risk appetite and ensure integration into planning and operational processes.
- Promote a data-driven approach to anticipate, assess, and manage risks, including geopolitical, climate-related, and sector-specific risks.
- Develop and continuously enhance a risk governance framework across the organization.
- Oversee compliance with local and international laws, internal policies, and risk-based AML/CTF frameworks.
- Supervise regular internal audits and risk assessments and ensure resolution of identified gaps.
- Lead the implementation of comprehensive cybersecurity and IT risk systems.
- Ensure proactive monitoring of cybersecurity threats and incident response protocols.
- Oversee collaboration with the Information Security function and ensure alignment with AMF’s digital infrastructure priorities.
- Oversee the establishment of tools (e.g., nowcasting) to capture real-time data for scenario planning.
- Supervise the design of KPIs and performance metrics to measure the success of risk mitigation strategies.
- Provide regular reporting and updates to the DG and Board on AMF’s risk posture.
- Champion a risk culture that promotes transparency, awareness, and responsibility across all lines of defense.
- Oversee training initiatives and capacity-building programs for risk and compliance teams.
- Lead the development and implementation of AMF’s risk maturity model.
- Design and implement a structured framework for business continuity planning, including testing and simulation exercises.
- Ensure AMF’s operational resilience to external shocks and internal disruptions.
- Serve as AMF’s focal point on risk-related matters with central banks, regulators, and international bodies.
- Represent AMF in external forums and committees to shape risk-related agendas.
- Build strategic partnerships with industry leaders and regulatory counterparts to benchmark and share best practices.
- Lead and manage the Risk Department, fostering a high-performance and collaborative culture.
- Guide workforce planning and development aligned with departmental goals and AMF’s strategic direction.
- Drive continuous improvement and innovation in risk-related policies, systems, and workflows.
Qualifications and Requirements
- A minimum of 15 years of relevant experience in risk management, compliance, or cybersecurity, including leadership roles in financial institutions or regulatory bodies.
- Proven experience in implementing enterprise risk management, credit and market risk frameworks, business continuity, and cybersecurity programs.
- Experience with compliance frameworks, regulatory environments, and laws applicable in the Arab region is preferred.
- Master’s degree in Risk Management, Finance, Economics, Law, or a related field (MBA or equivalent preferred).
- Professional certifications such as FRM, CRISC, CISSP, or similar are highly desirable.
- Excellent communication and writing skills in Arabic and English. French, as a third language, is a solid advantage
We offer an attractive package of benefits aligned with our employment policies, including a tax-free salary and supplementary allowances as housing, furniture and air ticket, schooling, and comprehensive medical insurance.
Only shortlisted candidates will be contacted.