Job Description

UG INC - Global Executive Search

Free placement

Head of Credit (Banking Experience)

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Job id: 338005

17 Oct 2020

Job Location

Riyadh, Saudi Arabia

Experience

10 to 12 years

Qualification Level

Graduate; Post Graduate; Doctorate; MBA / Management Post Graduates

Job Function

Banking / Financial Services
Top Management

Skillset

Credit; risk; credit administration

Jobseeker Nationality

Jobseekers from any Arab/Middle East country

Head of Credit (Banking Experience)
Riyadh, KSA
Salary: SAR 30K – 40K + Benefits

Client Information: A fastest growing financing company based in Saudi Arabia

Job Purpose:

To manage the Credit Analysis unit and check if all cases have done are in line with Company Policy. Predict risk rating to monitor cash flows and hence operate limits accordingly.

Ensuring strict implementation of Credit policy and procedures of the financing company and having an effective centralized Credit Administration with the aim of instituting proper risk controls, tight credit process, quality credit and properly executed security documentation. Supervise Credit Administration.

Principal Duties

A) Credit Functions

Supervises and manages sound overall risk management policies and procedures. Segregate the borrowing relationships into various market sections.
•Reviews and finalizes Terms of Acceptance / Risk appetite Acceptance Criteria
•Assigns customer relationships to various Credit Analysts, and paces annual reviews over the year, to ensure efficient workflow.
•Perform preliminary screening of new credit requests and give screened new relationships to credit analysts for full analysis.
•Recommend to Credit Committee members the level of Support Security documentation for each borrowing relationship.
•Approves availment for LCs & Guarantees, debits to accounts in excess of certain amounts, temporary excesses over lines.
•Recommends to upgrade/downgrade credits.

B)Remedial Function

Manage assigned risk assets portfolio in line with the credit facilities approved by senior management.
Continually assess the business, financial and economic risks, assess opportunities to maximize the returns from the potential defaulter.
•To receive, compile & provide regular information to regions/ branches & credit units about customers connected accounts & those guaranteed loans & facilities granted by the region/branches.
•Prepare and / or update the assigned client risk portfolio.
•Maximize line utilization and profitability of the assigned portfolio while managing the risks within institutional standards
•Assess credit risk of the assigned client and ensure the credit lines are within acceptable standards.
•Review and monitor Remedial Portfolio, classification of assets and provisioning.
•Provide regular MIS on Recovery and Corporate Restructuring.

C) Credit Admin Function
Having an effective centralized credit administration Process and Procedures with the aim of having proper risk controls, tight credit process, quality credit and properly executed and legally binding security documentation.
•Implement company Credit policy and ensure compliance of the respective approvals as per policy.
•Monitor and report exceptions
•Automate Credit Admin functions to ensure quick turnaround of process times through simplified documentation and administration procedure.
•Train the subordinates from time to time based on the needs identified.
•Prepare manpower plan for his department as per the volume of business.

Requirements

The qualifying candidates should hold an MBA in Finance/Banking or management with 10-12 years’ experience out of which at least 5 years in Senior credit risk role with banks or with financing companies in Saudi Arabia.
Knowledge of Basel 2 and credit risk systems is a must.
Should have good spoken as well as written skills in both Arabic and English.

All CV’s are treated in the strictest confidence, please apply with confidence send us your CV in word format only.

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