Risk Officer

About the role

The Risk Officer is a full‑time, on‑site role based in Bahrain. This position is responsible for identifying, assessing, mitigating, monitoring and reporting a wide range of risks across the organization while ensuring compliance with Central Bank regulations and internal governance frameworks.

Key responsibilities

• Develop and implement the enterprise risk management (ERM) framework in line with Central Bank insurance regulations, internal governance and international best practices.
• Identify, assess and monitor strategic, operational, financial, regulatory/compliance, technology and cyber risks.
• Advise management on risk mitigation strategies and support business continuity planning.
• Prepare and maintain a detailed risk register, risk control matrices and related documentation.
• Conduct periodic risk assessments and sample audits to ensure compliance with the ERM framework.
• Arrange quarterly Risk Committee meetings, including updates, presentations, minutes and action plans.
• Submit annual risk reports to the Central Bank and respond to any required notifications or actions.
• Ensure compliance with Central Bank regulations applicable to insurance broking and handle regulatory or internal audits related to risk management.
• Deliver risk‑awareness training for key staff and promote a proactive risk culture.
• Perform any other risk‑management tasks or reports mandated by the Central Bank.

Required profile

• Proficiency in Enterprise Risk Management and experience implementing risk frameworks and policies.
• Strong knowledge of regulatory compliance requirements and ability to interpret and apply relevant regulations.
• Advanced analytical skills, including data analysis, risk modeling and critical thinking.
• Solid understanding of finance, financial instruments and risk‑related financial metrics.
• Bachelor’s degree in finance, economics, accounting, risk management or a related field; professional certifications (e.g., FRM, CFA, CRM) are a plus.
• Experience in risk and audit roles within trade credit insurance or related sectors.
• Excellent communication skills, attention to detail and ability to work collaboratively on‑site.
• High ethical standards, sound judgment and a proactive approach to risk identification and mitigation.

Required skills

• Enterprise Risk Management
• Regulatory Compliance
• Data analysis
• Risk modeling