Senior Manager – Treasury & Asset Liability Management (ALM) Location: Riyadh, Saudi Arabia Contract Duration: Initial 6-month assignment (high probability of extension) Compensation: SAR 40,000–45,000 per month
Overview Our client is seeking an experienced Senior Manager – Treasury & Asset Liability Management (ALM) to join the Enterprise Risk Management (ERM) function in Riyadh. Reporting directly to the Head of Enterprise Risk Management, this position will operate as the second-in-command within the ERM team and play a critical role in strengthening the bank's second line of defence (2LOD) oversight capabilities. The successful candidate will provide independent challenge and effective oversight across Treasury, Liquidity Risk, Funding, Balance Sheet Management, and ALM activities. The role requires an individual capable of constructively challenging senior stakeholders, validating methodologies and assumptions, and ensuring the integrity of risk management processes, models, reporting, and data. This is not a Treasury execution role. Rather, it is a risk oversight and control position focused on reviewing, challenging, and validating the work produced by the first line teams.
Key Responsibilities Act as a senior member of the Enterprise Risk Management function, serving as the deputy to the Head of ERM. Provide independent second-line oversight of Treasury, Funding, Liquidity Risk, Interest Rate Risk in the Banking Book (IRRBB), and Asset Liability Management activities. Review and challenge Treasury and ALM strategies, assumptions, methodologies, and reporting outputs. Assess the quality, accuracy, and completeness of management information, risk reports, and analytical outputs generated by Treasury and related functions. Evaluate liquidity, funding, balance sheet, and capital management processes to ensure alignment with internal policies and regulatory expectations. Provide credible challenge to senior Treasury stakeholders and influence decision-making through robust technical analysis. Identify weaknesses in controls, processes, models, governance, and data quality, recommending appropriate remedial actions. Act as a liaison between the Head of ERM and Treasury, Finance, ALM, Liquidity, and Operations teams. Support governance forums including ALCO and other risk management committees. Review stress testing, scenario analysis, liquidity monitoring, and balance sheet risk frameworks. Contribute to ICAAP, risk appetite monitoring, regulatory reporting reviews, and capital adequacy assessments where required. Support the enhancement of the risk management framework and strengthen the overall control environment.
Candidate Profile The ideal candidate will combine strong Treasury and ALM technical expertise with a risk management and governance mindset. Candidates with backgrounds in Financial Services Consulting, Risk Advisory, Treasury Risk, ALM Risk, or Enterprise Risk Management within leading banks or consulting firms will be of particular interest.
Essential Requirements Technical Expertise Deep knowledge of:Treasury Management Asset Liability Management (ALM) Liquidity Risk Management Funding and Balance Sheet Management Interest Rate Risk in the Banking Book (IRRBB) Treasury Risk Frameworks Ability to independently review and challenge Treasury activities from a risk oversight perspective. Strong understanding of risk governance and second line of defence responsibilities. Experience reviewing Treasury models, assumptions, methodologies, and risk reporting. Familiarity with regulatory requirements relating to liquidity and balance sheet risk management. Experience Approximately 10 years of relevant experience. Experience gained within:Banking Financial Services Consulting Treasury Risk ALM Risk Enterprise Risk Management Risk Advisory functions Proven track record of engaging and challenging senior stakeholders. Additional Desirable Skills ICAAP experience. Knowledge of capital management and stress testing. Experience supporting ALCO governance and regulatory interactions. Exposure to Basel liquidity and capital requirements. Key Competencies Strong analytical and problem-solving capabilities. Ability to challenge constructively while maintaining effective stakeholder relationships. Excellent communication and influencing skills. High attention to detail and technical rigour. Strong interpersonal and stakeholder management ability. Confident operating with senior executives and Treasury leadership teams. Independent, objective, and quality-focused mindset. Ability to review and question data, assumptions, methodologies, and outcomes.
Why Consider This Opportunity? This is a high-visibility role within a leading financial institution, offering the opportunity to work closely with the Head of ERM and senior executive stakeholders. The position provides significant exposure to strategic balance sheet management, Treasury oversight, liquidity risk, and enterprise-wide risk governance while acting as a key independent control function across the organisation. Candidates seeking a move from consulting into industry, or experienced Treasury Risk professionals looking for broader ERM exposure, would be particularly well suited to this opportunity.