Head of Credit Portfolio Management - Riyadh, Saudi Arabia
Working with a global Islamic bank based in Riyadh, Saudi Arabia
Open to Saudi nationals and fluent Arabic speakers only.
Our client is in an enviable financial position and continues to expand within the Middle East and South East Asian markets.
MAIN OBJECTIVE:
To manage the credit portfolio division of the bank, oversee portfolio concentrations and manage levels of exposure and risk. A highly strategic and analytical approach will be undertaken to ensure success in this role.
KEY ACCOUNTABILITIES
•Formulation and implementation of the strategy and plans as befitting the department and business line needs and objectives
Formulation and implementation of the strategy and plans as befitting the department and business line needs and objectives •Directs the operations of the Credit Portfolio Division providing expertise, encouraging and ensuring teamwork, aligning work processes to achieve high performance standards, meet established targets, objectives and employee engagement in a motivated work environment, and exercises financial authority within established limits
Directs the operations of the Credit Portfolio Division providing expertise, encouraging and ensuring teamwork, aligning work processes to achieve high performance standards, meet established targets, objectives and employee engagement in a motivated work environment, and exercises financial authority within established limits•Analysis of Market size (capacities/demand) at the Aggregated Industry level for 24 Industry clusters
Analysis of Market size (capacities/demand) at the Aggregated Industry level for 24 Industry clusters•Collection of Market Information for identified Industry clusters – both from Internal & External sources
Collection of Market Information for identified Industry clusters – both from Internal & External sources•Intelligence derivation from market research at the Aggregated level for the Industry clusters
Intelligence derivation from market research at the Aggregated level for the Industry clusters•Identification of opportunities / gaps that represent either product or business development potential
Identification of opportunities / gaps that represent either product or business development potential•Analysis of Aggregated Industry financial statements for 24 Industry clusters
Analysis of Aggregated Industry financial statements for 24 Industry clusters•Collection of Financial Information for identified Industry clusters – both from Internal & external sources
Collection of Financial Information for identified Industry clusters – both from Internal & external sources•Intelligence derivation from financial analysis at the Aggregated level for the Industry clusters
Intelligence derivation from financial analysis at the Aggregated level for the Industry clusters•Preparation of Industry Reviews with recommendations for action
Preparation of Industry Reviews with recommendations for action•Identification of opportunities / gaps that represent either product or business development potential
Identification of opportunities / gaps that represent either product or business development potential•Collection of Portfolio statistics for the identified Portfolio clusters – both Internal & External sources.
Collection of Portfolio statistics for the identified Portfolio clusters – both Internal & External sources.•Intelligence derivation from mathematical research of the Portfolio clusters
Intelligence derivation from mathematical research of the Portfolio clusters•Securitization applications and their sourcing off the CPM platform
Securitization applications and their sourcing off the CPM platform•Interface with business units to explore potential opportunities for product development models
Interface with business units to explore potential opportunities for product development models•Early warning signals to be generated off the MIS for the new Risk Architecture
Early warning signals to be generated off the MIS for the new Risk Architecture•Implementation of Approved Limits for Industry/ Portfolio;
Implementation of Approved Limits for Industry/ Portfolio; •Ensure Portfolio Products/ Industry Reviews receive product support to conform to quality standards
Ensure Portfolio Products/ Industry Reviews receive product support to conform to quality standards•Preparing reports as required to manage the approved limits
Preparing reports as required to manage the approved limits•Articulation of high level Portfolio Risks to Bank Executive Committee/ Board and associated RMC monitoring/reporting,
Articulation of high level Portfolio Risks to Bank Executive Committee/ Board and associated RMC monitoring/reporting, •Centralized Data Base (i.e. data warehousing) – creation & operations
Centralized Data Base (i.e. data warehousing) – creation & operations•Dissemination of Portfolio Product Information to the business units
Dissemination of Portfolio Product Information to the business unitsCORE COMPETENCIES
•Customer, Achievement & Process Orientation
Customer, Achievement & Process Orientation•Strong Product Development background
Strong Product Development background•Strong Portfolio Analytics background
Strong Portfolio Analytics background•Strong Model Development background
Strong Model Development backgroundESSENTIAL JOB REQUIREMENTS
Education:
MBA or finance related degree with honours
Experience:
15 years experience in the banking/financial sectors with World Class institutions, with 5 years each in Risk Management, Industry/Portfolio Reviews, as well Portfolio Product Programs.
Competencies:
Fluency in Arabic/ English
Strong analytical skills
Strong risk management background
Good presentation, communication, and interpersonal skills
Benefits:
Tax free earnings
Fantastic relocation package including initial set up costs, flights and visas.
Package including great Salary, Bonus, Accommodation Allowance of 25% of base salary and great transport allowance - All tax free
To apply in confidence please email your CV to angela@firstresortrecruitment.com
