Head of Credit Risk
|§ Manage the credit portfolio for KSA, including regular portfolio analysis, review and recommendation of changes in credit risk framework, strategy and credit risk appetite statement, monitoring against set limits, pricing and security coverage and provisioning.
§ Lead the development, validation & use testing of credit risk models (CIIB, Commercial, SME & retail banking) for KSA.
§ Responsible for considering/recommending as considered appropriate the transition from the standard approach for capital requirements for credit risk to internal ratings-based (IRB) approach and IFRS9 compliance.
§ Maintain and develops the second line risk identification processes and early warning indicators.
§ Responsible for Credit Risk Policy and Procedures and presentations of changes to all stakeholders to ensure understanding and compliance across the organization. Ensure updates to Credit Risk Policy that are promulgated by SAMA.
Risk Monitoring and Analysis
§ Lead reviews, analysis and recommendations of credit transactions for new and renewed credit proposals for Credit Committee, Executive Committee and Board of Directors, including credit assessments, approval processes and documentation, as well as quality analyses.
§ Identify weaknesses and proposes enhancements to improve risk assessment practices or controls and identification of emerging risk issues.
§ Plan and oversees portfolio reviews to assess loan structure, quality and accuracy of underwriting, identification of key risks, overall evaluation of the ultimate support of the credit decision rendered, accuracy of assigned risk ratings and proper model usage and compliance with established credit policies.
§ Share best practices, common findings and risk matters with businesses/functions with the aim to assist them in improving their capabilities in credit risk control activities and obligations and to ensure a balance between business requirements and risk recommendations.
§ Prepare responses to consultation papers issued by SAMA related to credit risk matters.
Knowledge of External Environment
§ Attend various seminars/forums or working groups arranged by regulators or the bank in order to be up-to-date with the developments in the industry and region.
§ Conduct active research in emerging and strategic risk trends (with specific reference to legislation and banking market trends) and shares relevant updates within the bank.
§ Conduct reports for Credit Committee/Executive Committee/Board of Directors on current risk issues impacting the portfolio, taking a pro-active approach to understand credit risk impacts and to reduce credit risk exposure where required.
§ Liaise with the concerned regulatory/supervisory authorities for credit risk related regulatory reporting and prepares proposals for regulatory approvals where required.
§ Participate in credit committees, while contributing as per committee requirements.
Learning and Development
§ Function as a subject matter expert and provides input on learning and development initiatives including training content to ensure value addition and relevance.
MIS and Reports
§ Ensure appropriate credit risk reporting across all business areas.
§ Present monthly trend reports, and participates on credit risk governance meetings.
§ Provide inputs to the bank leadership team on all related activities in areas related to credit risk to support management decision making.
People Management Responsibilities
§ Defines goals and key performance indicators for each member of the team and ensure effective implementation of the bank performance management process.
Develops talent within the team by providing guidance and coaching to achieve the defined goals.
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