Credit Risk Expert📣 Job Ad

About the Role

NeoStats Analytics, a data and analytics firm established in 2022, is seeking a Credit Risk Expert to join its team in Jeddah, Makkah, Saudi Arabia. This role is integral to enhancing the credit risk management framework within the Consumer Lending business, with a specific focus on Credit Cards in the Saudi market. The Credit Risk Expert will be responsible for recommending and implementing credit policies, underwriting standards, and risk strategies to support business growth while maintaining portfolio quality, regulatory compliance, and profitability.

This is a 12-month contract position requiring an onsite presence in Jeddah. NeoStats aims to transform clients into data-driven organizations through end-to-end Data & Analytics services.

Key Responsibilities

• Lead the development, review, and implementation of credit risk policies for Consumer Lending, particularly for Credit Cards, ensuring alignment with regulatory requirements, business objectives, and market best practices.
• Continuously monitor portfolio performance and recommend policy adjustments for effective risk management.
• Oversee end-to-end underwriting processes, ensuring sound credit assessment and consistent decision-making, and provide guidance on complex or high-risk credit cases.
• Drive improvements in credit decisioning through the application of analytics, scorecards, and data-driven insights.
• Partner with Product, Sales, and Business teams to support the launch and optimization of Credit Card products from a risk perspective, defining eligibility criteria, limits, pricing inputs, and risk-based segmentation.
• Track portfolio trends, delinquency, losses, and profitability, implementing proactive corrective actions.
• Leverage risk analytics to assess portfolio health, customer behavior, and emerging risks, presenting actionable insights and recommendations to senior management and cross-functional stakeholders.
• Develop a strong understanding of Credit Card sales processes to ensure risk frameworks support business growth without compromising credit quality.
• Collaborate closely with Sales, Operations, Compliance, Finance, and Technology teams to ensure seamless execution of credit strategies.
• Ensure full compliance with SIMAH requirements, products, and reporting processes, acting as a subject matter expert on Saudi credit bureau data.
• Drive the expansion of new segments as identified with a strong implementation focus.
• Lead, mentor, and develop the cards product team and credit risk teams, fostering a strong performance and risk-aware culture.
• Build effective working relationships with internal and external stakeholders through strong interpersonal and communication skills.

Qualifications and Experience

• Minimum of 12 to 15 years of experience in Credit Risk within Consumer Lending, with a strong preference for experience in Credit Cards.
• At least 5 years of hands-on experience specifically within the Saudi Credit Cards market.
• Proven experience in Credit Policy, Product Management, Underwriting, and Risk Analytics.
• Prior experience managing teams and working effectively with cross-functional stakeholders.
• A strong understanding of Credit Card business models, sales processes, and consumer risk management principles.
• In-depth knowledge of SIMAH products, reports, and processes is essential.

Required Skills and Competencies

• Credit Risk & Policy Management
• Underwriting & Credit Decisioning
• Product & Portfolio Management
• Analytics & Reporting
• Sales & Cross-Functional Collaboration
• SIMAH & Regulatory Compliance
• People & Stakeholder Management
• Solid analytical skills with the ability to translate complex data into actionable risk strategies.
• A results-driven mindset with the capacity to perform effectively in a fast-paced, dynamic environment.
• High adaptability and agility to respond quickly to market, regulatory, or business changes.
• Excellent interpersonal, stakeholder management, and communication skills.

Work Arrangement and Location

This is a 12-month contract position. The role requires an onsite presence in Jeddah, Makkah, Saudi Arabia.