Risk Officer

Job Title

Risk Officer

Location

Beirut - OMT Head office

Position Summary

Responsible for identifying, analyzing, and mitigating operational, financial, and governance risks within the organization, ensuring that processes are robust, secure, and efficient and that risk exposures remain within the approved risk appetite. Works closely with different departments to assess and monitor risks, develop control measures, and support compliance with internal and external regulations, including Banque du Liban requirements.

Primary Duties and Responsibilities

• Identifies, evaluates, and monitors operational, financial, and governance risks across the organization, including fraud and third-party risks related to agents and vendors, and tracks key risk indicators (KRIs)
• Conducts risk assessments for key business processes, new initiatives, and operational changes, including risk control self-assessments (RCSAs)
• Develops and monitors risk control measures with process owners ensuring alignment with company policies and regulatory requirements
• Collaborates with cross-departmental teams to create and maintain risk registers, outlining potential risks, mitigation strategies, and associated control measures
• Supports the development of the enterprise risk management framework, including the risk appetite and risk policies, and monitors governance controls such as segregation of duties and delegation of authority
• Performs quantitative and qualitative risk analyses and prepares risk reports and dashboards for senior management and Board-level committees, highlighting key risks, trends, and recommended actions
• Supports incident reporting and root cause analysis, ensuring appropriate remediation and tracking of corrective actions
• Assists with internal and external audits and regulatory compliance assessments as needed, and follows up on findings until closure
• Works with business units to integrate risk management into business processes and promote a strong risk culture across the organization
• Stays up-to-date on industry best practices, regulatory changes (including Banque du Liban circulars), and emerging risks to recommend appropriate changes to internal risk management policies and procedures

Knowledge, Skills, and Abilities

Qualifications:

• University degree in Business, Risk Management, Finance, Accounting, Economics, or a related field
• A professional certification, such as FRM, PRM, or CIA, or progress toward one, is a plus
• Advanced English, written and spoken; moderate in Arabic; French is a plus

Technical Skills:

• Demonstrated experience in operational or financial risk analysis, enterprise risk management, compliance, audit, or a related role, preferably in banking, payments, or financial services
• Solid understanding of risk assessment methodologies, operational controls, and enterprise risk management frameworks (e.g., COSO ERM, ISO 31000)
• Advanced Excel skills and proficiency in risk management software and tools; experience with data analysis tools (e.g., Power BI, SQL) is a plus
• Strong analytical skills, with the ability to interpret complex data and develop actionable insights
• Excellent communication skills, including report writing and presenting findings to stakeholders
• Familiarity with Banque du Liban regulations, AML/CFT requirements, compliance standards, and best practices in enterprise risk management

Relevant Experience:

• 2-3 years in risk management, compliance, audit, or a related role, preferably in banking, payments, or financial services.

Key Behavioral Competencies

• Detail-oriented with strong organizational skills and the ability to prioritize tasks
• Critical thinking and problem-solving skills
• Ability to adapt to change
• Risk-oriented mindset
• Good interpersonal skills
• Ability to collaborate and influence others in implementing risk controls across departments
• Ability to challenge constructively and escalate concerns independently
• Integrity and discretion in handling confidential financial and governance information