Job Description

Senior Manager / Director Financial Services Risk Management (FSRM)

Languages:

Arabic & English (Mandatory)

Experience:

12-15 years

Industry Focus:

Banking, Insurance, and Financial Institutions

Job Summary

As a Senior Manager / Director in EY's Financial Services Risk Management (FSRM) team, you will help leading financial institutions navigate regulatory complexity, strengthen capital resilience, and modernize their risk management frameworks.


The role demands deep expertise across

credit, market, liquidity, and operational risk

-- together with

Basel III/IV, ICAAP, and IFRS 9

implementation -- and the ability to lead large transformation programs that combine quantitative precision with strategic impact.


You will also have the opportunity to shape EY's next-generation risk offerings through the use of

AI, automation, and digital risk tools

, while mentoring diverse teams and engaging directly with senior regulators and client executives.

Key Responsibilities

Client Delivery and Technical Leadership

Lead complex risk transformation engagements covering

credit, market, liquidity, and operational risk

, regulatory capital, and stress testing. Design, calibrate, and validate

risk models

(PD, LGD, EAD) under Basel and IFRS 9. Develop and review

ICAAP

frameworks, capital planning, and stress testing programs for regulatory submission. Support clients in strengthening

liquidity risk

frameworks (LCR, NSFR, IRRBB) and aligning ALM practices with supervisory expectations. Advise on operational risk frameworks, RCSA design, loss data analytics, and capital quantification under Basel III/IV. Oversee engagement governance, ensuring delivery excellence, client satisfaction, and measurable impact.

Market and Business Development

Build and manage senior client relationships, including C-suite and Board-level stakeholders. Contribute to business development through proposal leadership, solution design, and sector insights. Identify emerging client needs (ESG, climate risk, AI governance) and translate them into new service offerings.

People and Practice Development

Coach and mentor junior team members, fostering a culture of analytical rigor and innovation. Develop EY's intellectual capital through publications, client insights, and participation in industry forums. Promote cross-border collaboration with other EY member firms in Europe, APAC, and the GCC.

Desirable / Differentiating Areas

Lead or contribute to

fraud risk

analytics using machine learning and anomaly detection. Design

third-party risk management

frameworks for outsourcing and fintech ecosystems. Apply

AI/ML and automation

in model governance, early-warning indicators, and risk reporting. Integrate

digital, cyber, and resilience

considerations into enterprise risk frameworks.

Skills and Attributes for Success

Strong quantitative background and regulatory fluency across

credit, market, liquidity, and operational risk

domains. Deep understanding of

Basel III/IV

,

IFRS 9

, and

ICAAP/ILAAP

requirements. Proficiency in

Python, R, SAS, or SQL

for quantitative and stress-testing model development. Excellent leadership, communication, and stakeholder management skills, capable of engaging both technical and executive audiences. Strategic thinker with an ability to translate complex regulations into actionable business solutions.

To Qualify for the Role, You Must Have

12-15 years of experience in financial-services risk management, either in consulting or at a Tier-1 bank. Demonstrated success leading risk and capital-management transformation programs. Experience working directly with regulators (e.g., SAMA, CBUAE, QCB, EBA, APRA, PRA). Fluency in Arabic and English (spoken and written).

Ideally, You'll Also Have

Exposure to fraud, third-party, or digital-risk domains. International project experience across Europe, Australia, or APAC. Professional certifications such as

FRM

,

CFA

, or

PRM

. Experience leveraging

AI/ML

for predictive modelling, anomaly detection, or model monitoring.

What We Look For

An accomplished risk professional with quantitative depth, regulatory awareness, and leadership presence -- someone who can bridge financial modelling with strategic advisory, and who thrives on helping clients build resilient and forward-looking risk functions.

What We Offer

A platform to lead risk transformation across the region's most significant financial institutions. Access to EY's global network of quantitative and regulatory experts. Opportunities to innovate with emerging technologies in risk and finance. A diverse and inclusive culture that values intellectual curiosity and teamwork.

Join EY and help redefine how banks and financial institutions in the GCC manage risk -- combining insight, regulation, and innovation to build a safer financial system.