Sr. Associate, Credit Review

Title: Sr. Associate, Credit Review

Requisition ID: 5806

OVERVIEW

Business Unit Risk Management Division Credit Review Location Jeddah, Saudi Arabia Job Grade E2 Type of Employment Fixed-Term Appointment

JOB PURPOSE

The job holder is responsible for performing the evaluation of trade finance proposals at ITFC with a view to identifying the associated credit risks and recommending mitigating measures to its line management. The role encompasses also the review of portfolio transactions and supporting the Department for ad-hoc risk management related assignments, as required. The role is also expected, whenever required, to contribute and perform in areas of credit risk architecture, governance, policies, tools, and analytics.

KEY ACCOUNTABILITIES

• Assist the Manager/Senior Manager, Credit Review in conducting a thorough evaluation of all financing proposals received from Trade Solutions Complex as well as investment proposals and ensure that these are in adherence with ITFC’s risk acceptance criteria. This evaluation will include identifying the associated risk factors and recommending suitable credit enhancements or risk mitigation measures to the line management.
• Assist the Manager / Senior Manager, Credit Review in preparing the technical review report for Risk Management recommendations on prospective deals that are to be incorporated as a critical input in Credit/Investment Committees’ meetings.
• Conduct activities such as the preparation of reports for the portfolio assessment committee (PAC), Credit Committee (CC) and the follow-up of credit related issues assigned by the line management.
• Provide input in developing, validating, and updating the Risk Scoring models and making recommendations, as required by the Division Manager.
• Undertake initial review of periodical Credit Risk Ratings prepared for ITFC clients, verify compliance with defined covenants and relevant contractual arrangements, and ascertain that no material adverse changes occur regarding the client and/or the business environment.
• Monitor the implementation of corrective actions, where required, based on the deliberations of the portfolio assessment committee (PAC) and standard operating procedures established for Credit Risk Management.
• Compile lessons learnt from credit standpoint based on the findings of credit review, portfolio management assignments and provide inputs to the line management for the strengthening of credit risk management practices.
• Support the line management for the strengthening of risk culture through various dissemination platforms.
• Identify areas of automation in the credit management process on an ongoing basis.
• Maintain MIS reports, log of credit files and minutes to the meetings in digital and paper-based archives.
• Provide risk measurement input pertaining to ITFC financing/investment portfolio, as required, for the purpose of periodic risk management reports prepared by the Credit & Market Risk Division.
  
  

KEY ACCOUNTABILITIES

ACADEMIC AND PROFESSIONAL QUALIFICATIONS

• Bachelor’s Degree in Banking/Financial Economics or similar qualification
• Master's in Finance, a CFA charter, or an FRM certification is a plus
• Minimum of 2 years of experience
  
  

SKILLS & NECESSARY KNOWLEDGE

• English is compulsory
• Arabic and/or French is a plus
  
  

ABOUT APPLICATION PROCESS

If you meet the criteria and you are enthusiastic about the role, we would welcome your application. To complete the application you would need the following document(s):

• Resume/CV
• Copy of passport
• Academic certificate
  
  

If you are currently an IsDB Regular staff applying for this role and get selected through the competitive selection process; your current contract type and other terms and conditions will remain unchanged.

The Islamic Development Bank (IsDB) does not ask for payments of any kind from applicants throughout the recruitment process (job application, CV review, interview meeting, and final processing of applications). In addition, the IsDB does not request information on applicants’ bank accounts. The IsDB declines all responsibility for the fraudulent publications of job posts or job offers in its name or, in general, for the fraudulent use of its name in any way whatsoever.