Insurance Authority Jobs in Riyadh Saudi Arabia
Business Continuity
Job Purpose
The Business Continuity Expert is responsible for assisting in identifying, assessing, and mitigating risks that could impact the Authority's ability to achieve its strategic goals. The Risk Expert collaborates with various stakeholders to implement risk management strategies and ensures compliance with risk management policies and procedures.
Key Responsibilities and Activities
- Assist in preparing the Business Continuity Program and objectives, including governance, risk management, resource requirements, business continuity planning, testing, etc., to ensure proper and systematic implementation.
- Assist in establishing Business Continuity Management System (BCMS) governance based on international best standards such as ISO 22301 and national/internal standards from entities such as the National Risk Council Secretariat, the Digital Government Authority, the Cybersecurity Authority, and any relevant bodies.
- Support the activation of business continuity practices within the organization, including frameworks, policies, procedures, strategies, and plans.
- Assist in conducting Business Impact Analysis (BIA) to identify critical and essential processes and their associated resource requirements.
- Conduct threat and risk assessments related to business continuity.
- Develop scenarios and effectiveness test plans, as well as document business continuity strategies for various disruption scenarios.
- Collaborate with IT teams to establish data backup and system recovery plans and enhance cybersecurity measures to ensure redundancy and resilience.
- Train employees on business continuity policies, procedures, and crisis response protocols.
- Implement awareness programs to ensure all organizational levels understand their roles during crises.
- Disseminate business continuity plans to ensure awareness and alignment.
- Develop testing schedules and conduct periodic tests on business continuity and disaster recovery plans through simulations and theoretical exercises to identify weaknesses and update plans accordingly.
- Prepare test reports highlighting findings and areas for improvement to support decision-making.
- Lead response efforts during disruptions to minimize impact and maintain operational stability.
- Perform other activities as and when required.
Knowledge and Experience:
- 5 years or more of relevant experience in Business Continuity.
- Previous experience in government sector or regulatory bodies is preferred.
- Bachelor’s degree in Risk Management, Business Administration, Finance, or a related field.
- Relevant professional certifications are preferred, such as APSCP, CBCP, MBCP, CCRP, CRMP, CBCA.
"Official Job Source: [ Insurance Authority Jobs Business Continuity Riyadh Saudi Arabia ]"
Innovation
Job Purpose:
The Innovation Expert is responsible for supporting the development and implementation of innovative strategies and projects within the insurance sector. This role involves researching emerging technologies, participating in the creation of new insurance products, and contributing to the operation of the innovation lab.
Key Responsibilities:
- Assist in the development and execution of the insurance innovation strategy to incorporate new technologies and methodologies.
- Support ongoing innovation projects by providing research, analysis, and creative input.
- Conduct research on emerging technologies and industry trends that could impact or benefit the insurance sector.
- Play a key role in the operation of the innovation lab, including planning, setup, and management of innovation projects.
- Facilitate and participate in brainstorming sessions and workshops within the lab to generate and prototype new ideas.
- Ensure all innovation activities are documented in accordance with company policies and regulatory requirements.
- Maintain records of innovation processes, decisions, and outcomes for reporting and compliance purposes.
- Communicate with internal and external stakeholders to gather input and feedback on innovation initiatives.
- Assist in organizing meetings, presentations, and demos to showcase new technologies and concepts to stakeholders.
Qualifications and Requirements:
1- Knowledge and Experience:
- 5 years or more of relevant experience in business development.
- Experience in relevant systems.
- Experience in strategy formation, innovation, and digital transformation.
- Previous experience in government sector or regulatory bodies is preferable.
2- Education and Certifications:
Bachelor’s degree in Business Administration, strategy or any related field.
Relevant certification is preferred.
"Official Job Source: [Insurance Authority Jobs Innovation Riyadh Saudi Arabia]"
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