Summary
Tap Payments is hiring a Head of Risk Management in Salmiya, Kuwait. The role leads risk identification, assessment and mitigation across departments, products and third parties, and develops risk policies, plans, registers and indicators. Responsibilities include investigating incidents, supporting the first and second lines of defense, conducting business impact analysis and stress testing, and presenting reports to senior management and board committees. Applicants should have a relevant bachelor's degree and strong risk management, regulatory compliance, analytical and communication skills; Arabic and English are a plus.
The posting
As published on tap.company. Pulled from the employer's site and shown as they wrote it.
About Tap
Tap Payments is revolutionizing online payments across the MENA region by connecting businesses with simple, unified payment experiences. We need exceptional talent to help us on this journey. Are you ready to shape the future of payments in MENA?
The Risk Team
Our Risk Team protects Tap, our merchants, and their customers by identifying, assessing, and managing the risks associated with payments and financial services. The team works across fraud prevention, transaction monitoring, merchant risk, credit risk, operational resilience, and regulatory compliance to support secure and sustainable growth across the region.
As a Tapster you will :
Develop and maintain documentation for risk management policies and procedures, ensuring compliance with regulatory requirements and industry best practices
Lead risk identification and assessment processes for all departments, products and third parties, ensuring comprehensive coverage of potential risks
Develop and implement a strategic plan to prevent, eliminate, and mitigate risks, in alignment with the Company's goals and objectives
Develop and update Risk Appetite statements and Risk Tolerances for potential risks faced by the Company
Develop and monitor key risk and control indicators to enhance risk management practices
Establish and maintain a risk register for all departments, monitoring risk profiles and targets to ensure effective risk management
Investigate root causes of incidents and risks, and collaborate with stakeholders to develop and implement mitigation strategies; analyze operational risk losses across the organization, identifying trends and opportunities for improvement
Build and maintain strong relationships with key stakeholders and business partners, addressing concerns and issues in a timely manner
Drive the development of risk management capability, competency, and capacity across operational levels through facilitation, training, and knowledge sharing
Enable the first and second lines of defense to effectively manage risk by providing advice, tools, training, and independent challenges
Facilitate the implementation of systems to accurately define, monitor, and analyze risk profiles, control strategies, and effectiveness
Conduct business impact analysis and stress testing exercises to assess the Company's resilience to various risk scenarios
Perform data analysis and build the required risk and fraud models
Prepare and present Risk Management reports to Senior Management and board level Committees
What you will bring to the party :
Bachelor's degree in IT, Finance or any other area related to Risk Management
Strong background in risk management, including identification, assessment, and mitigation
Proficiency in developing and implementing strategic risk management plans
Expertise in regulatory compliance and industry best practices for risk management
Ability to develop and monitor key risk and control indicators
Strong analytical skills for root cause analysis and operational risk loss identification
Excellent relationship management and negotiation skills for engaging with stakeholders and business partners
Familiarity with systems for defining, monitoring, and analyzing risk profiles and control strategies
Experience in conducting business impact analysis and stress testing
Proficiency in data analysis and building risk and fraud models
Excellent communication and presentation abilities
Bilingual (Arabic and English) is a plus
Are you ready to shape the future of payments in MENA?