Senior Credit Analyst

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Job Description

The role holder will be responsible to efficiently analyse credit worthiness of the borrowers and ensure that risk exposure is under the credit appetite of the bank. Ensure timely, high quality and independent credit review is performed of the assigned credit/client portfolio. Ensure compliance to established credit policies and procedures and recommend proper credit decisions to authorized committee.

Key Responsibilities  Core Responsibilities:   Review and perform detailed credit analysis of new/renewal/extending credit request with regards to financial information pertinent to potential and existing borrowers, quality of assets, collateralization and provide specific recommendations including pricing and structuring for submission to the credit committee.Review facility documentation to ensure its accuracy, completeness and accordance with the relevant approval(s), policies and procedures. Identify and obtain additional information requirements needed for proper assessment of credit request.Evaluate terms and conditions, including but not limited to pricing, to facilities offered to clients so as to optimize the bank’s return on equity in relation to the risk.Identify risks in the credit request and suggest mitigations, covenants and plans to minimize risks and improve credit quality.Assign internal ratings on the basis of the comprehensive review, incorporating risk-based pricing/Return on Asset assessment.Ensure that the credit review and recommendation are in strict adherence to the relevant internal policies and procedures and regulatory requirements.Ensure that credit requests are processed within best possible turnaround time with complete independence and transparency. Provide high quality service to each assigned client consistent with approved facilities and requirements. Perform the annual review of each client in a competent and timely manner; All annual review should be completed prior to the original review date or the date to which the review has been deferred with the concurrence to the supervisor.Maintain the credit and desk file for each client in accordance with internal policy. Contribute information to the division’s prospect and industry files. Closely follow up any late payments or missing facility documents. Support relationship managers in preparing the annual forecast of the income for each client and prospect to be incorporated in the annual budget.Provide support to relationship managers to prepare/ generate statistical/ management reports on credit and risk such as (classification report, annual planning report etc.) according to prescribed schedules so that all relevant parties are assured of the integrity of transactions and to facilitate decision making. Ensure all documents related credit evaluation are filed (hard/soft copy) and archived. Follow document retention and disposal procedures, ensuring minimal discrepancies and loss of information. Follow up all audit issues under the purview to ensure that it is adequately addressed as per agreed timetable. Keep up to date on developments in Saudi – legal environment, especially those relating to documentation and security; business and the economy, which affect the clients and prospective clients. Cyber Security Responsibilities:   Complying with the bank KSA Cyber Security policy, standards and processes.Reporting suspicious activities or knowledge of any violation related to Cyber Security.Reporting to line manager or to CISO if an information asset is not safeguarded properly.   Self- Management Responsibilities   Defines performance goals at the start of the year in discussion with the reporting manager and ensures that the goals are monitored and achieved during the course of the year. Takes ownership of his/her own learning agenda by identifying development needs in consultation with the reporting manager and working towards bridging the gaps through various means which go beyond just training.Understands the competencies relevant to his/her role, and works towards displaying as well as developing these effectively.Keeps abreast of relevant professional/industry developments, new techniques and current issues through continued education and professional networks.
Threshold QualificationsBachelor’s degree in Finance, Accounting, Commerce, or in any other subject or equivalent is required    Master’s degree in Accounting/ Finance /Economics or in any other subject is preferredProfessional qualification related to banking, or function is preferred
Years & Nature of ExperienceMinimum 5-6 years of practical experience in a bank with 3 years in the same or similar function.
Interpersonal and Communication SkillsBusiness and Performance Management Leadership Skills Decision Making, Problem Solving Skills and Conflict ManagementTransformational ManagementTime ManagementAdaptability & FlexibilityBudget PlanningAnalytical Ability
Ensure that annual reviews are circulated on timeEnsure that risk queries are responded to within an adequate time frame (within 5 working days)Ensure compliance to set covenants for allocated clientsEnsure that contract control sheets are circulated in a timely fashionMeet each client at least 1 time a yearCreate regular dialogue with the Risk Management team to develop in depth knowledge of accountMeet with the risk team directly once a yearEnsure that no client is downgraded by more than four notches by Risk Management directly Compliance with the credit policies and the regulatory framework