Senior Manager, Credit

3 days ago


Jeddah, Saudi Arabia Islamic Development Bank Full time

SECTION I: JOB PURPOSE

This role is responsible for developing and institutionalizing policies, directives and procedures to manage credit and market risks at ITFC optimally and to safeguard ITFC interests. This role strives to build a risk management mindset by building awareness around the stipulated policies and driving adherence across the organization. The role is also responsible for producing risk analytics necessary for the tasks under this role such as periodic and seldom risk reporting, ITFC rating management and, provisions under FAS30 guidelines.

SECTION II: KEY RESPONSIBILITIES

Managerial Responsibilities:

- Manage the team reporting to this role by evaluating performance of team members, provide feedback on an ongoing basis, identify development needs and coach them to ensure ongoing capability development.

Core Responsibilities:

- Developing, Implementing and updating risk policies
- Provide technical expertise and input in the formulation and update of credit and market risk management policies, directives and procedures. Ensure these working documents are geared to safeguard ITFC’s interests and to manage transactions and market risks in an optimal manner.
- Work proactively to build a strong risk management mindset within ITFC by building awareness around the credit and market risk policies, building capability to drive implementation, and reinforcing compliance across the organization.
- Liaise and follow-up with relevant departments across ITFC (Credit, Trade Finance and Treasury) to drive implementation of the credit and market risk policies and procedures. Monitor timely and completeness of adherence with the stipulated guidelines across the organization.
- Highlight areas of concern from policy compliance perspective to the concerned departments and escalate non-adherence instances to the Division Manager with proposals for corrective actions.

Credit risk
- Develop and validate ITFC’s credit risk rating and credit loss scorecard models to assess credit risk within the portfolio and mitigate loss risk at each transaction.
- Ensure that each facility is assessed and rated based on both ITFC’s credit rating and credit loss policies and procedures. Manage escalations made by credit and market risk officer or the credit review function by following up with the front line departments to drive compliance or update policies, as applicable.
- Identify material credit risks and measure these risks on a standalone and their impact at portfolio level.
- Analyse credit risk exposure for ITFC at the portfolio level by monitoring lending limits, credit exposure per risk grade, sector concentration limits and counterparty risk. Provide input to update ITFC’s credit risk procedures based in ongoing reviews and the findings from this exercise, in consultation with the Division Manager, risk management.
- Lead the preparation of the Quarterly Risk Reports for the senior management at ITFC. Highlight the key findings and recommend a course of action to the Division Manager, Risk Management.
- Setup country limits for all member countries and for non-member countries, either active countries or as requested by Trade Finance and Treasury departments, according to ITFC exposure limits framework and monitor portfolio limits to ensure adherence.

Market risk
- Develop and update market risk directives and procedures identifying permissible instruments, concentration of exposures and other parameters which will be critical in managing forex risk, interest rate risk and liquidity in an optimal manner at ITFC.
- Measure and monitor market risks by using appropriate methodologies, described in the respective policies.
- Monitor the management of liquid funds and ensure adherence with the articulated risk guidelines on all placements and investments made.
- Setup ITFC liquid fund limits for treasury investments and ensure that positions are maintained in adherence with the stipulated requirements.
- Review investment proposals prepared by Treasury, and issue recommendations in alignment with market risk management.
- Conduct daily reviews of the dashboard, forex exposure and intra-day monitoring reports prepared by Treasury in order to highlight areas of concern, if any, and recommend corrective action.
- Prepare material for market risk exposure reports and policy updates on a periodic basis.

Risk measurement & portfolio analytics
- Measure risk on a portfolio level by conducting regular portfolio reviews to report on the level of main credit and market risk statistics. Summarize the risk position for ITFC and highlight emerging risk factors and concerns to the DM risk management for further review and action.
- Define stress scenarios and run stress tests, on both credit and market risks, document the tests’ results and report to the division manager on a regular basis.
- Review required analytics for all sections of the quarterly risk report and ensure validity checks for data collected across


  • Credit Manager

    2 weeks ago


    Jeddah, Saudi Arabia Aramex Full time

    Location: Jeddah, Saudi Arabia Grade: S2 **Purpose of Job** **Responsibilities**: **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...

  • Credit Manager

    4 weeks ago


    Jeddah, Makkah Province, Saudi Arabia Wared Logistics Full time

    Job Title: Credit ManagerWared Logistics is seeking a highly motivated and experienced credit professional to manage our credit sales, receivables, and collections while ensuring customer satisfaction.About the Role:As Credit Manager, you will be responsible for controlling credit sales, receivables, and collections. You will evaluate customer...


  • Jeddah, Saudi Arabia aldail Full time

    **Credit Control Officer** A Saudi company that provides full-integrated solutions of products and services in sectors of building materials, ceramics, porcelain, granite, iron, and steel with head office in Jeddah looking for Credit Control Officer to facilitate granting Credit for our customers by assessing creditworthiness and processing relevant...

  • Credit Clerk

    3 days ago


    Jeddah, Saudi Arabia Marriott International, Inc Full time

    **Posting Date** Jun 15, 2021 **Job Number** 21060342 **Job Category** Finance & Accounting **Location** The Ritz-Carlton Jeddah, Al Hamra District, Southern Corniche, Jeddah, Saudi Arabia, Saudi Arabia VIEW ON MAP **Brand** The Ritz-Carlton **Schedule** Full-Time **Relocation?** N **Position Type** Non-Management **Located Remotely?** N - At more...


  • Jeddah, Saudi Arabia Aggreko, LLC Full time

    We're the global leader in providing energy solutions that help businesses grow and communities thrive. We work as a team and we’re proud of the difference we make to customers, to local communities, and towards a sustainable future for the world. We are hiring a Credit Control Analyst who will be responsible of assessing, analysing and interpreting...


  • Jeddah, Saudi Arabia HILTI Full time

    **What's the role?**: In your role as a Credit & Collection Analyst for Hilti, you will be responsible for taking a proactive role in managing and collecting debts of the company to ensure healthier receivables cycle. You will ensure that customer satisfaction is maintained through time to time site visits, timely resolution of complaints, scheduled...


  • Jeddah, Saudi Arabia Canon Full time

    As a credit control specialist you ensure collection of outstanding debt within the agreed credit terms and minimize bad debt. Maintain customer and salesperson satisfaction through communication and effective account management. **What we give**: With Canon, you'll get the support and encouragement you need to grow, from people who share your ambition....


  • Jeddah, Saudi Arabia TÜV SÜD Full time

    **Position: Credit Collections Officer** **Job Location: Jeddah** **Job Summary**:We are looking for a collections officer to assist with the collection of outstanding debts. The collections officer will contact clients and inform them of their debts, negotiate payment plans, and ensure payments are made as soon as possible. To ensure success as a...


  • Jeddah, Makkah Province, Saudi Arabia Kone México Full time

    KONE México is a leader in creating a better world of work. We prioritize our people's wellbeing and foster a collaborative environment that promotes growth and diversity.We are looking for a skilled Credit and Cash Flow Manager to join our Finance team in Jeddah, Saudi Arabia.This role involves managing customer accounts receivables, improving cash flow,...


  • Jeddah, Makkah Province, Saudi Arabia شركة عبدالقادر بن علي سندي ومازن بن محمد بترجي للمحاسبة والمراجعة Full time

    We are a dynamic Auditing & financial consulting firm specializing in corporate finance, debt structuring, and advisory solutions for businesses across various industries. Our mission is to provide strategic financial solutions that help businesses optimize their capital structure, secure funding, and achieve long-term financial stability.We are seeking an...


  • Jeddah, Saudi Arabia Nahdi Full time

    **Main Job Purpose**: Develop and manage the growth of the insurance business line in Nahdi through acquiring business opportunities, defining strategic growth opportunities, maintaining the relationship with the Key accounts, governmental and regulatory entities and proper collaboration with Nahdi departments. **Accountabilities**: **Business...

  • General Manager

    2 days ago


    Jeddah, Saudi Arabia Building material manufacturing and supply Full time

    Strategic Planning: Develop and implement strategic plans to achieve company goals and objectives. Identify opportunities for growth. - Encourage the sales team to visit existing customers, keep track of where they have been visiting. - Analyze customer sales report monthly and review which customers sales have decreased, discuss with sales people - Visit...


  • Jeddah, Makkah Province, Saudi Arabia Arab National Bank Full time

    Job SummaryThe Senior Finance Executive will be responsible for leading the finance team in developing and implementing accounting policies, programs, and systems. This includes managing the company's financial assets, providing accurate financial information, and conducting detailed financial analysis of real estate projects.Main DutiesLead the finance team...


  • Jeddah, Saudi Arabia البنك السعودي الفرنسي Full time

    Assist in monitoring and carrying out CBG portfolio maintenance, by assisting the Regional Business Lines to avoid or minimize having Past Due Annual Reviews (PDAR), expired limits, overstepping, discrepancies and other credit related issues affecting the delivery of service to the customers. In addition, to facilitate proper coordination/synchronization...


  • Jeddah, Makkah Province, Saudi Arabia KONE Nederland Full time

    About the RoleWe are seeking an experienced Collections and Credit Management Specialist to join our Finance team in Jeddah, Saudi Arabia.This position is responsible for managing customer accounts receivables, including:Managing customer relationships to resolve outstanding balances and improve cash flow.Coordinating with BPO and retained organization for...


  • Jeddah, Saudi Arabia Islamic Development Bank Full time

    Role Purpose Contribute to the origination, structuring, processing and management of ICD's Infrastructure & Corporate Finance activities in accordance with ICD’s business targets, credit policies, and guidelines.Key Functional Accountabilities and Activities* Project Sourcing and Origination: * - Maintain relationships with clients, member country...


  • Jeddah, Saudi Arabia Talent Pal Full time

    Assist in monitoring and carrying out CBG portfolio maintenance, by assisting the Regional Business Lines to avoid or minimize having Past Due Annual Reviews (PDAR), expired limits, overstepping, discrepancies and other credit related issues affecting the delivery of service to the customers. In addition, to facilitate proper coordination/synchronization...

  • Collections Manager

    3 days ago


    Jeddah, Makkah Province, Saudi Arabia Kone México Full time

    Job DescriptionThis exciting opportunity is for an experienced Collections Specialist within the Finance team to be based in Saudi Arabia. The successful candidate will play a vital role in managing customer accounts receivables and improving cash flow.The position involves coordinating credit management, collection, and dispute management processes with BPO...


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

    About the RoleThis is an exciting opportunity to work with the Islamic Development Bank as a Senior Risk Management Specialist.Responsibilities include leading the execution and preparation of the report on IFRS-9 Expected Credit Loss models for quarterly reporting and analytics and providing assistance to Financial Control Department for impairment and...

  • Corporate Treasurer

    4 hours ago


    Jeddah, Makkah Province, Saudi Arabia Apsco Full time

    About the Company - Arabian Petroleum Supply company (APSCO)Role Summary:The role involves managing cash operations, ensuring accurate receipt bookings for both cash and credit customers, preparing deposit slips, and handling follow-ups on customer check deposits. Responsibilities also include tracking returned cheques, issuing debit notes, preparing petty...