Risk Analyst (1919)

Job Description Summary

Assist in tasks related to the analysis and assessment of existing systems, supporting the identification of business, organizational, and operational needs. Provide support in the design, development, and implementation of systems to enhance business functions, processes, and programs.

Key Duties & Responsibilities

• Evaluate and review departmental IT activities, optimizing resource utilization and allocated funds for IT services.
• Conduct feasibility studies, business cases, and project proposal reports, delivering final reports to department management.
• Oversee the design and implementation phases of IT-based business systems, providing support to IT as the department client.
• Develop user manuals and associated documentation for Business System implementations.
• Act as the departmental representative, maintaining continuous liaison with the relevant Data Processing Organization (IT or PCD).
• Advise departmental functions on performance review details, accountability reporting, and procedural changes related to IT systems, including trading, accounting, HR, and population statistics.
• Prepare conversion plans and user installation plans for the applicable organization.
• Collaborate with business system users and team leads to analyze and address system issues, ensuring awareness of current business processes and upcoming changes for effective implementation.
• Provide in-depth analysis of system behavior concerning current input and expected output, communicating requirements and validating developed modules with IT systems analysts.
• Collaborate with process consultants, application vendors, and Saudi Aramco, offering an IT perspective and communicating implementation expectations regarding current business processes and company direction.
• Assess business functions, gather information, and evaluate output requirements to determine operational objectives.
• Review and recommend enhancements to current business procedures, proposing new ones when necessary.
• Design new computer programs by analyzing requirements, constructing workflow charts, and writing specifications.
• Execute special studies as assigned and perform other miscellaneous duties and actively participate in projects as directed by the Manager.
• Functional Specific Requirements:
  • Provide functional support to Market Risk Management activities related to pricing, valuation, and risk reporting within trading and risk management systems.
  • Assist in the configuration, maintenance, and validation of forward price curves, including flat prices, differentials, locations, and related curve components used for exposure and P&L reporting.
  • Support day‑to‑day pricing activities and assist with investigation of pricing discrepancies or valuation issues.
  • Support testing activities for pricing, curve changes, and risk reports by executing test cases, validating results, and documenting outcomes prior to production deployment.
  • Support integration of external market data sources by assisting with data mapping validation and issue resolution.
  • Participate in supporting audit requests, system upgrades in support of Market Risk and IT teams. 

Communication

Internal Communication

• Engage with business system users and team leads to analyze and comprehend system issues, ensuring awareness of current business processes and upcoming changes. Provide detailed analysis of system behavior, aligning current system input with expected output.
• Foster communication with the IT Liaison representative in other departments, facilitating the exchange of ideas and information.
• Collaborate with IT systems analysts to communicate system change requirements, validate developed modules, and address system bug fixes. Regularly report activity statuses to stakeholders within the IT Department and follow up on pending tasks.

External Communication

• Interface with process consultants, application vendors, and Saudi Aramco, offering the IT perspective and articulating implementation expectations concerning current business processes and company direction.

Job Requirements

Education & Skills (Required, Preferred)

• Bachelor's degree in Business and Management, Management Information Systems, Computer and Information Systems, Engineering, or a closely related discipline
• Strong analytical skills to evaluate and assess business processes and systems effectively.
• Proficient in using various business analysis tools and technologies.
• Excellent communication skills to interact with stakeholders, understand their needs, and convey technical information clearly.
• Strong problem-solving skills to identify issues, analyze root causes, and propose effective solutions.
• Collaborative skills to work with business system users, team leads, and IT systems analysts. 

Preferred

• In-depth analysis skills of system behavior concerning input and expected output.

Experience & Knowledge (Required, Preferred)

• Minimum 5 years of relevant experience.
• Demonstrate diversified experience in Computer Systems Analysis or/and systems engineering.
• Experience in supporting market risk teams in an ETRM system, including price curve configuration, pricing support and risk reporting.

Preferred

• A minimum of 2 years of experience in the specialized field.
• Knowledge of project management related to business systems initiatives.
• Experience advising on performance review details and accountability reporting related to IT systems.
• Experience in communicating with process consultants, application vendors, and external partners. 

Abilities & Specific Requirements (Required, Preferred)

• Ability to create comprehensive documentation, including user manuals and reports.
• Ability to provide support to IT during the design and implementation phases of business systems. 

Preferred

• Ability to conduct risk assessments and develop risk management strategies.
• Understanding of regulatory frameworks related to business systems.

NO THIRD-PARTY CANDIDATES ACCEPTED