Risk Management Specialist

7 days ago

Muscat, Muscat, Oman Omran Group OM Full time

Purpose

The Risk Management Specialist is responsible for identifying, assessing, monitoring, and reporting risks that could impact the organization's strategic and operational objectives. The role plays a critical part in developing and embedding risk management frameworks, policies, and practices, while ensuring alignment with regulatory requirements and corporate governance standards. As a subject matter expert, the role will guide risk owners, coordinate risk assessments, and support enterprise-wide risk mitigation efforts.

Responsibilities

Strategic Contribution

  • Support the implementation of strategic initiatives to strengthen OMRAN's data protection and business continuity framework, ensuring alignment with regulatory standards and company objectives.
  • Collaborate with Line Manager to contribute to the development of data protection and continuity strategies, ensuring their integration into OMRAN's operational risk management practices.

Group

OMRAN being a Group/Holding level government-owned company, it is expected from all its staff members to provide services within the domain of their Job Description to OMRAN, its subsidiary companies, and its other assets, whenever required and requested by their Line Managers in accordance to the company's needs and as seen appropriate by the senior management of OMRAN.

Operational

  • Develop, implement, and maintain the enterprise risk management (ERM) framework.
  • Review and update risk policies, procedures, and risk appetite statements regularly.
  • Promote a strong risk culture across the organization.
  • Facilitate risk identification workshops and support departments and subsidiaries in conducting risk assessments.
  • Analyze risk trends and emerging threats (e.g., geopolitical, economic, operational).
  • Maintain and regularly update the corporate risk register.
  • Prepare risk reports and dashboards for senior management, and board committees.
  • Evaluate the effectiveness of risk controls and recommend enhancements.
  • Monitor key risk indicators (KRIs) and follow up on mitigation actions.
  • Support root cause analysis of incidents and ensure corrective actions are implemented.
  • Coordinate with units/subsidiaries in developing risk response strategies for high-priority risks.
  • Ensure risk practices align with corporate governance frameworks, internal policies, and external regulations.
  • Collaborate with different units, subsidiaries, internal audit, legal, compliance, and business continuity teams for a holistic approach to risk management.
  • Conduct training and awareness programs to enhance risk knowledge and accountability across departments.
  • Serve as an advisor to business units/subsidiaries on integrating risk thinking into planning and decision-making.
  • Ensure that an annual training plan is prepared for board members, executive management, key staff members and focal points.

Related Assignments

Perform any other related tasks or assignments as directed by line manager.

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