Risk Management Consultant

TAX Risk Management Consultant Job Summary: The Risk Management Function plays a critical role in safeguarding the integrity and efficiency of the system. This position is responsible for leading the development and implementation of a comprehensive risk management framework in TAX Authority, with a specific focus on the unique challenges and opportunities present in GCC region. The ideal candidate possesses in-depth knowledge of regional TAX laws, regulations, and business practices, coupled with a strong understanding of risk assessment methodologies and control strategies, who will look after organizational risk, financial risk, operational risk, reputational, cyber risk etc. Key Responsibilities: * Risk Assessment and Analysis: • Conduct comprehensive risk assessments to identify, analyze, and prioritize potential risks across all the tax entity functions • Develop and maintain a risk register, documenting identified risks, their potential impact, likelihood of occurrence, and mitigation strategies. • Utilize data analytics and other tools to monitor and evaluate the effectiveness of risk mitigation efforts. * Risk Management Framework Development: • Develop and implement a risk management framework tailored to the specific needs and characteristics of the GCC region. • Establish clear risk appetite and tolerance levels in alignment with the entity 's strategic objectives and regulatory requirements. • Define roles and responsibilities for risk management across the entity, ensuring accountability and ownership at all levels. • Develop and deliver training programs to enhance risk awareness and understanding among the entity employees. * Control Design and Implementation: • Design and implement effective internal controls to mitigate identified risks and ensure compliance with tax laws and regulations. • Collaborate with relevant stakeholders to integrate risk management considerations into business processes and decision-making. • Experience with integration with external entities that feed into the risk model • Regularly review and update control procedures to adapt to evolving risks and regulatory changes. * Compliance Monitoring and Reporting: • Monitor compliance with tax laws and regulations, identifying and addressing any instances of non-compliance. • Develop and implement a comprehensive reporting system to provide timely and accurate information on risk exposure and mitigation activities. • Prepare regular reports for senior management and other stakeholders, highlighting key risk areas and recommending appropriate actions. Qualifications and Experience: • Bachelor’s degree in accounting, Finance, Law, or a related field. • Master's degree or professional certification in risk management is preferred. • Experience with statistics or econometrics models. • 15+ years proven experience in a risk management role within a tax or related organization. • in-depth knowledge of tax laws, regulations, and business practices in the GCC region. • Strong understanding of risk assessment methodologies and control strategies. • Excellent analytical, problem-solving, and decision-making skills. • Effective communication and interpersonal skills. • Ability to work independently and as part of a team. • Fluency in English language, Arabic Language is advantageous. Show more Show less

Bachelor’s degree in accounting, Finance, Law, or a related field. Master's degree or professional certification in risk management is preferred. Experience with statistics or econometrics models. 15+ years proven experience in a risk management role within a tax or related organization. In-depth knowledge of tax laws, regulations, and business practices in the GCC region. Strong understanding of risk assessment methodologies and control strategies. Excellent analytical, problem-solving, and decision-making skills. Effective communication and interpersonal skills. Ability to work independently and as part of a team. Fluency in English language, Arabic Language is advantageous.

Risk Assessment and Analysis: Conduct comprehensive risk assessments to identify, analyze, and prioritize potential risks across all the tax entity functions; Develop and maintain a risk register, documenting identified risks, their potential impact, likelihood of occurrence, and mitigation strategies; Utilize data analytics and other tools to monitor and evaluate the effectiveness of risk mitigation efforts. Risk Management Framework Development: Develop and implement a risk management framework tailored to the specific needs and characteristics of the GCC region; Establish clear risk appetite and tolerance levels in alignment with the entity's strategic objectives and regulatory requirements; Define roles and responsibilities for risk management across the entity, ensuring accountability and ownership at all levels; Develop and deliver training programs to enhance risk awareness and understanding among the entity employees. Control Design and Implementation: Design and implement effective internal controls to mitigate identified risks and ensure compliance with tax laws and regulations; Collaborate with relevant stakeholders to integrate risk management considerations into business processes and decision-making; Experience with integration with external entities that feed into the risk model; Regularly review and update control procedures to adapt to evolving risks and regulatory changes. Compliance Monitoring and Reporting: Monitor compliance with tax laws and regulations, identifying and addressing any instances of non-compliance; Develop and implement a comprehensive reporting system to provide timely and accurate information on risk exposure and mitigation activities; Prepare regular reports for senior management and other stakeholders, highlighting key risk areas and recommending appropriate actions.