Lead Specialist, Operational Risk

Maaden, established in 1997, is one of the fastest-growing mining companies in the world and the largest multi-commodity mining and metals company in the Middle East. We are leading the development of the mining industry to become the third pillar of Saudi Arabia’s economy by building a world-class, unique, and fully integrated mining value chain.

We are pleased to share an exciting opportunity for the below mentioned position. This role offers a chance to contribute to our ambitious growth and play a key part in shaping the future of mining in the Kingdom.

Lead Specialist, Operational Risk II – Enterprise Risk Management

Job Title

Lead Specialist, Operational Risk II

Reporting to

Director, Operational Risks

Business Unit / Function

Legal, Risk & Compliance

Department

Enterprise Risk Management

Grade

M11

Position Type

Regular

Why This Role Matters

Responsible for supporting the design, implementation, and continuous improvement of the organization’s enterprise-wide risk management framework, ensuring alignment with strategic objectives, risk appetite, and governance requirements. The role enables informed decision-making by providing effective identification, assessment, monitoring, reporting, and escalation of risks that may impact the achievement of organizational objectives.

What You Will Deliver

- Support the implementation and continuous enhancement of the enterprise risk management (ERM) framework, ensuring alignment with approved risk appetite, governance structures, and leading practices.
- Lead and facilitate enterprise and functional risk assessments, including workshops and interviews, to identify, assess, and prioritize Strategic, Principal, Operational, and Emerging Risks.
- Partner with business and functional leaders to develop and monitor risk treatment plans, ensuring clear ownership, accountability, and timely escalation of overdue or ineffective actions.
- Prepare and present consolidated risk reports, dashboards, trends, and forward-looking insights to executive management and governance committees to support effective oversight and decision-making.
- Act as a trusted ERM advisor to management, providing guidance and constructive challenge on risk identification, assessment, treatment, and the integration of risk considerations into strategic and business decisions.
- Monitor regulatory developments, industry trends, and emerging risk indicators to proactively identify changes in the organization’s risk profile and support timely assessment and escalation of emerging risks.
- Conduct second-line review and challenge of risk registers, risk assessments, controls, KRIs, and mitigation actions to promote consistency, quality, and alignment with the ERM Framework.

What Success Looks Like

- ERM is consistently embedded across the organization, with high-quality risk assessments, registers, and reporting maintained in line with governance requirements.
- Strategic, Principal, Operational, and Emerging Risks are proactively identified, assessed, monitored, and escalated to support timely management action.
- Risk appetite, KRIs, thresholds, and mitigation actions are effectively monitored, with material exposures appropriately challenged and escalated.
- Executive management and governance committees receive clear, timely, and decision-useful risk insights.
- Risk ownership and accountability are strengthened across the business, with ERM effectively integrated into strategic planning and decision-mak

Minimum Qualifications

- Bachelor's degree in Business Administration, Accounting, Finance, Engineering, or a related field; master's degree preferred.

Experience

- 5+ years of experience in enterprise risk management or related risk disciplines, with demonstrated experience in implementing and operating enterprise-wide risk frameworks, facilitating risk assessments, and supporting senior management risk reporting. Professional risk management certifications (e.g., CRM, CRISC, or ISO 31000-related certification) are an advantage.

Skills That Matter

- Strong analytical and critical-thinking skills, with the ability to synthesize complex risk information into clear, decision-useful insights for senior stakeholders.
- Strong knowledge of enterprise risk assessment methodologies, risk appetite, KRIs, risk reporting, and risk management tools and dashboards.
- Solid understanding of corporate governance, regulatory expectations, and leading ERM standards and practices.
- Strong facilitation, stakeholder engagement, and influencing skills, with the ability to constructively challenge risk assessments and management decisions.
- Strong written and verbal communication skills, with the ability to communicate complex risk matters clearly to senior management and governance committees.

Benefits

1. Career Growth
2. Competitive Salaries
3. Comprehensive Package
4. Inclusive Work Environment
5. Work-Life Balance
6. Employee wellness