Credit Risk Manager

8 ديسمبر، 2022

0 0 3 دقائق

Credit Risk Manager

الوصف الوظيفي

Objectives:

Our client is looking for a Credit Risk Manager to provide the organization with advice on any potential risks related to credit decisions, also developing policies and procedures, and evaluate risks that help the Organization to mitigation and transfer risks

Key Responsibilities:

Corporate Strategy

Develop and execute the Department long-term strategic plan in alignment with the corporate strategies.
Develop annual business plans for the Department and ensure the achievement of financial and strategic objectives.
Report to the Director on the progress of activities against the annual business plans, opportunities, challenges, and issues faced, mitigations taken, etc. as required, to make an informed decision.
Manage and continuously monitor the performance of the Department to ensure performance deviations are identified in a timely manner, and required resources and actions are implemented to meet performance targets.

Leadership

Manage the performance of the department’s employees, define workforce requirements, ensure recruitment, training, and development of talent, in conjunction with the Human Capital Department to achieve business objectives.
Ensure the achievement of the department strategic objectives by setting priorities and objectives for direct reports, managing performance, developing and motivating highly qualified talent, and providing strategic direction to maximize performance, and improve operational excellence and productivity.
Raise employee awareness and commitment to the company’s vision, mission, values, and corporate strategy to establish a highly engaged and motivated workforce, and continuously improve performance.

Core Responsibility

Develop, update and review of the credit policies and standards to reflect the good practice and regulate credit exposures of the Organization.
Implement the credit risk management initiatives undertaken by the CRO/Head of Risk Management.
Ensure that sound credit risk measurement and monitoring frameworks are developed and implemented throughout the group in a standardized manner.
Ensure on-going compliance with regulatory requirements and Ensure risk identification and measurement process is followed across all Business Units and Support functions.
Oversee the implementation and ongoing monitoring of the Board approved Credit Risk limits.
Oversee implementation of systems and procedures to recognize, identify, measure, monitor and control credit risk exposure of the Organization
Support in Credit decisioning activities including credit approval process
Oversee of all credit risk related requisite documentation
Ensure assessment of credit risk for new products and report the results as per the delegated authority.
Ensure adherence to credit risk limits and review it in line with Board approved Risk Appetite Statement.
Oversee enhancements to the Credit Measurement Framework, which include rating models (PD) and LGD/ EAD measurement.
Provide requirements and design inputs, regard to credit risk recognition, measurement, and its reporting for implementation of key credit risk related projects (e.g., Credit Management System, IFRS 9 impairment)
Identify and report any potential weakness in credit risk control environment to the CRO/Head of Risk Management and give inputs towards possible corrective action plan.
Oversee development of Credit risk dashboards for accurate and timely reporting to senior management
Oversee preparation of related credit risk reports, other ad-hoc reports and present to the CRO/Head of Risk Management.

Organization Structure

Recommend an optimum organization structure for the Department, in coordination with the department director and the Human Capital Department, to ensure smooth workflow of operational processes and optimal utilization of resources

Budget Planning

Prepare and recommend the Department’s budget in alignment to the respective annual business plan.
Monitor the Department’s financial performance against the approved budget, identify areas of unsatisfactory performance (if any), and recommend mitigating actions.

Change Management

Identify and manage the implementation of change initiatives on systems, processes and practices considering ‘international leading practices, and/or other changes in the business environment.

Policies, Systems, Processes & Procedures

Manage the development and implementation of Departmental policies, systems, processes and procedures to ensure operational excellence.
Identify and manage the implementation of improvements to ensure compliance with the company’s standards and regulatory requirements that are aligned to business needs to increase operational effectiveness.

المهارات

Job Requirements:

Bachelor's Degree in Business Administration, Accounting, Finance, Economics, Mathematics/Statistics or other relevant commercial discipline
CFA/FRM is desirable
Fluency in both Arabic and English is required. Additional Languages will be desirable
+8 years of experience in relevant industry