Credit and Risk Manager📣 إعلان

About Raqamyah

Raqamyah | رقمية is a leading crowdfunding platform in Saudi Arabia, operating under a license and regulation from the Saudi Central Bank (SAMA). The company focuses on empowering small and medium-sized enterprises (SMEs) by providing accessible financing solutions. It connects investors with investment opportunities that offer competitive returns, supported by financial technologies. Raqamyah aims to foster economic growth by supporting both entrepreneurs and investors in building a dynamic and sustainable financial ecosystem in Riyadh, Saudi Arabia.

The Role of Credit and Risk Manager

Raqamyah is seeking a Credit and Risk Manager to lead the company’s credit risk and Enterprise Risk Management (ERM) activities. This full-time position involves overseeing credit assessment and portfolio risk, maintaining the company’s risk management framework, and ensuring that key financial and non-financial risks are identified, assessed, monitored, and reported. The successful candidate will collaborate with senior management and various departments to support sound credit decisions, strengthen the company’s risk culture, and ensure compliance with SAMA requirements and internal policies. The role requires 5-10 years of relevant experience.

Key Responsibilities

• Lead and oversee the company’s credit risk management and ERM activities.
• Review and assess credit applications, financial statements, cash flows, creditworthiness, and repayment capacity.
• Provide independent credit risk recommendations and ensure credit decisions align with approved policies, authorities, and risk appetite.
• Monitor the credit portfolio, including concentrations, exposures, delinquencies, defaults, and emerging credit risks.
• Develop and maintain the company’s Credit Risk Policy, credit assessment methodologies, limits, and related procedures.
• Develop, implement, and maintain the Enterprise Risk Management (ERM) Framework in line with the company’s business model and regulatory requirements.
• Maintain the company’s Risk Register and coordinate periodic risk assessments across all departments.
• Identify and assess key risks, including credit, operational, liquidity, market, strategic, technology, cybersecurity, third-party, and reputational risks.
• Develop and monitor Key Risk Indicators (KRIs), risk limits, and early-warning indicators.
• Support the development and periodic review of the company’s Risk Appetite Framework and Risk Appetite Statement.
• Monitor risk exposures against approved risk appetite and limits, escalating material breaches or emerging risks to senior management.
• Conduct risk assessments for new products, services, processes, systems, and material changes before implementation.
• Perform scenario analysis and stress testing, assessing their potential impact on the company and credit portfolio.
• Monitor and follow up on risk incidents, control weaknesses, and agreed remediation actions.
• Prepare periodic risk reports and dashboards for Senior Management, the Credit & Risk Committee, the Board, and regulatory authorities.
• Support the company in responding to SAMA risk-related requirements, assessments, inspections, and regulatory observations.
• Collaborate with Compliance, Finance, Operations, Technology, Cybersecurity, and other functions to ensure effective risk identification and mitigation.
• Promote risk awareness and a strong risk management culture across the organization.
• Perform other credit and risk-related responsibilities as assigned by management or required under applicable regulations.

Qualifications and Experience

• 5-10 years of experience in credit risk management and Enterprise Risk Management.
• Demonstrated ability to assess credit applications and financial statements.
• Experience in developing and maintaining risk policies and frameworks.
• Familiarity with regulatory requirements, particularly those from the Saudi Central Bank (SAMA).
• Strong analytical and reporting skills.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia. The role involves working closely with various departments and senior management within a regulated financial technology environment.