Senior Associate, Credit Admin.

2 weeks ago

Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank Full time

SECTION I:

JOB PURPOSE


The role will be responsible for implementing ITFC's credit administration and Operational Risk Management policies, by processing transactions tickets, monitoring compliance and reporting unresolved issues.

This will include credit limits/amendment tickets validation in the system at the level of maker, feeding the operational risk management data for validation/approval by the checker, follow-up on running and pending issues with relevant departments/functions, monitoring credit utilization and ORM compliance and reporting.

It will also play the role of a key-holder for safe custody of security documentation in the absence of the Senior Manager CAD & ORM or the Manager, CAD & ORM.

The role is meant to operate as a dual and complementary to the role of both the Senior Manager CAD & ORM and the Manager CAD & ORM.


SECTION II:

KEY RESPONSIBILITIES
Core Responsibilities

  • Credit Administration policies and procedures
  • Check limit and amendment requests for all credit operations, perform the first leg of limit setting/amendments in the system before the final decision is taken by the Senior Manager, CAD & ORM
  • Review financing agreements and security documentation for approved transactions to ensure accuracy and completeness for the purpose of execution and pinpoint any discrepancies
  • Articulate requirements for security/collateral documentation and standard operating procedures for approved transactions and provide comments/feedback
  • Perform the first step of collateral creation and link them with relevant limits to control utilization of facilities
  • Act as the dual custodian to safeguard and archive security documentation for facilities in a manner consistent with the standard policies and procedures in the absence of the Senior Manager CAD & ORM or the Manager, CAD & ORM
  • Prepare data required for the periodic revaluation of collaterals and, if needed, highlight discrepancies.
  • Act as a dual signatory of safe custody register for securities/collaterals, holder of safe custody register in the absence of the Manager, CAD & ORM, and ensure timely update
  • Monitor facilities on regular basis to ensure subsequent utilization is in adherence with the terms of approval. Liaise with Operations to ensure adherence and escalate concern areas to the Senior Manager, CAD & ORM.
  • Followup on pending/deficient documentation visàvis credit operations/transactions with Trade Finance, Operations and other relevant functions to ensure timely resolution
  • Raise daytoday system issues/bugs to DOE and followup for their resolution
  • Take note and report policy breaches to the Senior Manager, CAD & ORM
  • Record keeping and filing as required
Operational Risk Policies and Procedures

  • Feed and populate risk management tools to monitor associated operational risks in a robust manner, such as: Risk Registers, Risk Control Self Assessments, Key Risk Indicators and Key Control Indicators
  • Provide clarifications to standard queries and support the CAD & ORM Team to implement the recommendations on the ways and means to mitigate daytoday operational risks, strengthen controls, and minimize recurrence of undesired incidents
  • Support the CAD & ORM team in implementing standard operating procedures and controlling mechanisms to handle breaches in a timely manner
  • Follow up on the operational risk management reports/ticklers and report back to the Senior Manager, CAD & ORM on compliance/deficiencies
  • Provide necessary support and input to the Senior Manager, CAD & ORM for the monitoring of departments' compliance with the approved operational risk policies and procedures throughout the corporation
  • Record keeping and filing as required

SECTION IV:
KNOWLEDGE, SKILLS & COMPETENCIES

  • Bachelor Degree in Trade, Banking or Financial Economics
  • Master Degree with a specialization in Finance or relevant certification is a plus
Language Skills

  • English is compulsory
  • Arabic or French is preferable

  • Manager, Credit Risk

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank Full time

    The Credit Manager will be required to evaluate trade finance proposals and conduct detailed due diligence, credit and financial analysis, risk scoring, and produce a risk-focused Credit Memorandum (CM) to support sound credit decisions under the guidance of a Senior Credit Manager.This role requires entry-level Credit Professional with responsibilities to...

  • Manager, Credit risk

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank Full time

    SECTION I:JOB PURPOSEThe Credit Manager will be required to evaluate trade finance proposals and conduct detailed due diligence, credit and financial analysis, risk scoring, and produce a risk-focused Credit Memorandum (CM) to support sound credit decisions under the guidance of a Senior Credit Manager.This role requires entry-level Credit Professional with...

  • Credit Manager

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Aramex Full time

    Location: Jeddah, Saudi ArabiaGrade: S2Purpose of JobResponsibilities:Principal Accountabilities - Management Maintain a department organizational structure sufficient to meet all goals and objectives Properly motivate the credit and collections staff Measure department performance with appropriate metrics Provide for ongoing training of the credit staff...

  • IDB2958 - Senior Associate, Regional Coordinator

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank Full time

    IDB2958 - Senior Associate, Regional Coordinator Business Unit: ITFC Division: Not Applicable Department: Not Applicable JOB PURPOSE: JOB PURPOSE: This role is responsible for coordination work and proving operational and administrative support to Relationship Managers posted in ITFC's filed offices (i.e. Outposts). More specifically the...

  • Senior Associate, She

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia SC Johnson Full time

    JOB TITLE: Senior Associate, SHELocation: Jeddah, Saudi ArabiaResponsibilities: Leads SHE compliance assurance processes, such as compliance calendars and leader standard work, to enable compliance with applicable laws, permit authorizations and company standards. Supports compliance with regulatory and company standards associated with the management of...

  • Senior Admin Expenses Specialist

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank Full time

    IDB3206 - Senior Admin Expenses Specialist Business Unit: Finance & CFO Division: Administrative Expenses Job Purpose: Review payments related to staff, vendors, contractors and including consultants, to ensure correctness and compliance with the Bank's financial regulations and rules. Provide expert level technical and professional inputs and advice in...

  • Senior Associate, Process Excellence

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank Full time

    IDB3208 - Senior Associate, Process Excellence Business Unit: ITFC Division: Not Applicable Department: Not Applicable JOB PURPOSE: The Business Excellence role ensures that processes within the corporation create value and run efficiently. Work with a team of individuals from across the organization to develop new methods of doing the required work,...

  • Senior Associate, Content Management

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank Full time

    IDB3274 - Senior Associate, Content Management Business Unit: ITFC Division: Not Applicable Department: Not Applicable JOB PURPOSE: This role will play a pivotal role in enhancing the organization's visibility, stakeholder engagement, and brand positioning through strategic content creation and management. Its responsibility will be to develop and...

  • Senior Sales Admin

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Alhalees Group Full time

    Company DescriptionALHALEES STORYOur journey started in 1952 when our late father, Youssef AlHalees, founded a small neighborhood grocery store in Jeddah, Saudi Arabia, named Palestine Grocery.His vision was to grow his little store into a more significant establishment that serves the community. Indeed, after several years of hard work and dedication, the...

  • Senior Associate, Digital Innovation

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank Full time

    IDB3133 - Senior Associate, Digital Innovation & FinTech Solutions Business Unit: ITFC Division: Not Applicable Department: Not Applicable SECTION I: JOB PURPOSE: SECTION I: JOB PURPOSE: This role is responsible for converting business architectures to fully integrated digital platforms as per ITFC's digital strategy. This role will work collaboratively...

  • Senior Associate, Office of the CEO

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank Full time

    IDB3186 - Senior Associate, Office of the CEO Business Unit: ITFC Division: Not Applicable Department: Not Applicable SECTION I: JOB PURPOSE: This position provides technical expertise, efficient coordination, and effective communication within the CEO's office. This role ensures the CEO's access to information, manages administrative tasks, and supports...

  • Site Security Associate

    4 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Raytheon Full time

    Job SummaryResponsible for checking all vehicles and pedestrians before they enter Al Khalediya Compound, Be available at all times during the shift to respond to any problems or situations that occur, Be familiar with all aspects of the RAYMES Security program; to include the General and Post Orders, as well as the characteristics of each post, Ensure that...

  • Site Security Associate

    1 month ago

    Jeddah, Makkah Province, Saudi Arabia Raytheon Full time

    Job SummaryResponsible for checking all vehicles and pedestrians before they enter Al Khalediya Compound, Be available at all times during the shift to respond to any problems or situations that occur, Be familiar with all aspects of the RAYMES Security program; to include the General and Post Orders, as well as the characteristics of each post, Ensure that...

  • Branch Accountant

    2 months ago

    Jeddah, Makkah Province, Saudi Arabia Al-Futtaim Group Full time

    Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more...

  • Branch Accountant

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Al-Futtaim Group Full time

    Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more...

  • Branch Accountant

    4 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Al-Futtaim Group Full time

    Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more...

  • Senior Credit Analyst, KSA

    6 days ago

    Jeddah, Makkah Province, Saudi Arabia Otis Elevator Company Full time

    Date Posted: Country:Saudi ArabiaLocation:Otis Elevator Company Saudi Arabia Ltd, 11th Floor, Tower B, Zahran Business Center, Prince Sultan Street, Salamah District, Jeddah, Saudi ArabiaCore Responsibilities:Lead the central invoice Submission process: Preparation of docs based on each customer requirements. Updating Invoice submission tracker. Follow-up...

  • Associate Director

    2 weeks ago

    Jeddah, Makkah Province, Saudi Arabia AECOM Full time

    Primary Location: KSA - Jeddah, SA - Bin Sulaiman CentCompany DescriptionWork with Us. Change the World.At AECOM, we're delivering a better world. Whether improving your commute, keeping the lights on, providing access to clean water, or transforming skylines, our work helps people and communities thrive. We are the world's trusted infrastructure consulting...

  • Senior Associate

    4 weeks ago

    Jeddah, Makkah Province, Saudi Arabia Chalhoub Group Full time

    INSPIRE | EXHILARATE | DELIGHTFor over six decades, Chalhoub Group has been a partner and creator of luxury experiences in the Middle East. The Group, in its endeavour to excel as a hybrid retailer, has reinforced its distribution and marketing services with a portfolio of eight owned brands and over 300 international brands in the luxury, beauty, fashion,...

  • Senior Associate

    2 months ago

    Jeddah, Makkah Province, Saudi Arabia Chalhoub Group Full time

    INSPIRE | EXHILARATE | DELIGHTFor over six decades, Chalhoub Group has been a partner and creator of luxury experiences in the Middle East. The Group, in its endeavour to excel as a hybrid retailer, has reinforced its distribution and marketing services with a portfolio of eight owned brands and over 300 international brands in the luxury, beauty, fashion,...