Credit Risk Manager

Brief Description

The Credit Risk Manager in finance assesses and manages credit risks for lending and transactions. They analyze credit data, evaluate risks, and implement strategies to minimize losses while ensuring regulatory compliance.

Tasks & Responsibilities

1. Credit Analysis

• Analyze credit applications, financial statements, and credit reports.
• Assess the creditworthiness of applicants.

1. Risk Assessment

• Evaluate financial stability, payment history, and industry trends.
• Determine credit risk levels.

1. Credit Scoring Models

• Use credit scoring models and statistical tools.
• Stay updated on industry best practices.

1. Policy Development

• Develop and enhance credit risk policies.
• Ensure compliance with regulations and risk tolerance.

1. Decision Making

• Make informed credit decisions.
• Collaborate with senior management on complex cases.

1. Portfolio Management

• Monitor and manage the credit portfolio.
• Optimize the risk-return profile.

1. Credit Limit Determination

• Set and adjust credit limits based on risk analysis.

1. Collateral Evaluation

• Assess the value and quality of collateral.
• Incorporate collateral into risk assessments.

1. Regulatory Compliance

• Ensure compliance with financial regulations.
• Stay updated on regulatory changes.

1. Reporting and Documentation

• Maintain documentation of credit decisions and risk assessments.
• Generate reports on credit portfolio performance.

1. Collaboration with Stakeholders

• Work with lending teams, legal, and compliance.
• Provide guidance on credit risk matters.

1. Credit Review and Audits

• Participate in credit reviews and audits.
• Implement corrective actions from audits.

Credentials

1. Bachelor's in finance, Business, Risk Management, or related field; Master's preferred.
2. Experience in credit risk analysis in finance.
3. Strong analytical and quantitative skills.
4. Knowledge of credit scoring models and risk management tools.
5. Familiarity with financial regulations.
6. Effective communication and presentation skill
7. Must be fluent in Arabic language and based in KSA.