Risk Officer

About the role

The Risk Officer is responsible for identifying, assessing, monitoring and reporting risks across the company’s operations. This role supports the implementation of an effective risk‑management framework and ensures that risks related to exchange, remittance, operational processes, financial activities, systems and regulatory requirements are properly managed.

Key responsibilities

• Identify and assess operational, financial, regulatory, technology, fraud and other business‑related risks.
• Conduct periodic risk assessments for departments, branches, products, services, systems and processes.
• Maintain and regularly update the company’s Risk Register, assigning appropriate risk ratings.
• Review existing controls, identify gaps and recommend mitigation measures.
• Monitor operational risks arising from branch operations, remittance transactions, foreign‑exchange activities and internal processes.
• Record operational risk incidents, perform root‑cause analysis and track corrective actions.
• Monitor Key Risk Indicators (KRIs) and risk limits, preparing periodic risk reports and dashboards for management and committees.
• Support regulatory and compliance risk activities, coordinating with Compliance and AML functions and ensuring alignment with Central Bank of Kuwait requirements.
• Participate in risk impact assessments for new products, services, systems and regulatory changes.

Required profile

• Good understanding of risks associated with exchange companies, remittance operations and financial services.
• Familiarity with applicable regulatory requirements, particularly those of the Central Bank of Kuwait.
• Experience in risk identification, assessment, monitoring and reporting.
• Ability to review controls, identify gaps and recommend mitigation actions.

Required skills