Credit Risk Management -Director

Job Description:

Position: Credit Risk Management-Director 

Experience requirement: 6 To 10 Years

Joining Date: Immediate Joiner/ 30 Days

Location: Riyadh

KEY RESPONSIBILITIES:

• Developing a framework for risk appetite and risk tolerance limits
• Developing the existing Risk Appetite framework.
• Developing Risk Appetite Statement (RAS) approved by the Board of
• Directors in line with the strategy
• Developing Tolerance Limits for the key risks.
• Developing a plan for maintaining and reviewing the Risk Appetite Framework and the Tolerance Limits.
• 2 Developing credit rating policy, models and mechanisms
• Developing credit rating policies (including aspects of governance, develop-ment, utilization, validation, risks).
• Lead development of credit rating models for retail or corporate or SME or project finance portfolios
• Lead review, validation and enhancement of credit rating models for project finance portfolio
• Developing a risk-based pricing framework to include the following:
• Methodology for calculating Risk-Adjusted Return on Capital (RAROC) against the Economic Capital (EC).
• Methodology for risk-adjusted performance assessment of business, areas and product types based on the developed credit ratings.
• Implementation of IFRS 9 standards across Banks
• Recommend and implement a methodology for Stage wise allocation of assets
• Update the current PD models and compute PD estimates as per IFRS 9 guidelines
• Develop LGD estimation technique and arrive at LGD estimates  
• Develop EAD estimation techniques and arrive at EAD estimates
• Development and update of Policies and Procedures for Implementation of IFRS – 9
• Reporting for the aforementioned models. Design reports templates 
• Developing / reviewing and enhancing stress testing models and approaches
• 3 Reviewing and developing mechanisms for controlling the Credit Portfolio
• Review and develop working and monitoring mechanisms for credit Portfolio in order to include the following general objectives:
• Deep understanding and exposure to Credit risk management in Corporate/Wholesale portfolios
• Setting the methodology/approach and standardizing risk measures and models.
• Carrying out portfolio stress tests.
• Undertake review of the credit portfolios of the Corporate Banking Group and/or SME Banking in order to monitor portfolio credit quality, identify portfolio trends  with recommended actions for improvement in portfolio quality