Risk Officer (CBB Approved Person)

About the role

ARP Digital builds regulated digital capital infrastructure for GCC cross-border transactions, offering settlement rails, conversion tools and liquidity for exchange houses, PSPs and financial institutions. It is licensed as a Capital Market-Crypto Assets Service Provider (Cat3) by the Central Bank of Bahrain (CBB) and holds a VARA In-Principle Approval in the UAE. The company is looking for a Risk Officer to lead its risk management function and act as a CBB Approved Person for this controlled function.

Key responsibilities

• Own and maintain the Enterprise Risk Management Framework, risk appetite statement and risk policies in line with the CBB Rulebook (Volume 6, CRA Module).
• Identify, assess, monitor and report on material risks, including market, liquidity, credit/counterparty, operational, technology, custody and crypto-asset specific risks.
• Maintain the risk register and lead periodic risk assessments across products, business lines and new initiatives.
• Assess counterparty and liquidity provider risk, and set and monitor exposure limits.
• Oversee operational risk, incident management, key risk indicators and loss event reporting.
• Contribute to Business Continuity and Disaster Recovery planning and testing.
• Review new products, partnerships and material changes from a risk perspective before launch.
• Prepare risk reports for Senior Management, the Board and the Board Risk Committee.
• Support regulatory reporting, CBB inspections and engagement on risk matters.
• Coordinate with Compliance, Finance, Operations, Technology and Internal Audit, and promote a strong risk culture through training and awareness.

Required profile

• Bachelor's degree in Finance, Risk Management, Economics or a related field.
• Minimum 5 years of risk management experience in financial services, ideally within a CBB-regulated institution.
• Experience in crypto-assets, digital assets or fintech is highly preferred.
• Ability to meet the CBB's fit and proper requirements for an Approved Person.
• Professional certifications such as FRM, PRM or CRISC are an advantage.
• Excellent analytical, reporting and stakeholder communication skills in English; Arabic is a plus.