Credit Risk Expert📣 Job Ad

About the Role

Hiresquad Resources is seeking a Credit Risk Expert for a contract position in Jeddah, Makkah, Saudi Arabia. This role is focused on enhancing the risk management framework for a Consumer Lending business, with a specific emphasis on Credit Cards within the Saudi market. The objective is to develop and implement credit policies, underwriting standards, and risk strategies that balance business growth, regulatory compliance, and financial profitability.

This senior position requires a thorough understanding of the Saudi credit landscape and the ability to lead cross-functional teams. The successful candidate will significantly contribute to shaping credit risk management for consumer lending products in a dynamic market.

Key Responsibilities

• Develop, review, and implement comprehensive credit risk policies aligned with Saudi Arabian regulations and industry best practices.
• Oversee the end-to-end underwriting process, providing guidance on complex cases and improving decision-making through advanced analytics.
• Collaborate with Product, Sales, and Business Development teams to optimize Credit Card product offerings while managing associated risks.
• Utilize data analytics to monitor portfolio health, track delinquency rates, and assess profitability, presenting actionable insights to senior management.
• Foster working relationships and collaborate with Sales, Operations, Compliance, Finance, and Technology departments to ensure effective execution of risk strategies.
• Ensure adherence to SIMAH (Saudi Credit Bureau) requirements and act as a subject matter expert on Saudi credit bureau data.
• Provide leadership and mentorship to risk and product teams, promoting a performance-driven and risk-aware culture.

Qualifications and Requirements

• A minimum of 12 to 15 years of progressive experience in Credit Risk management within the Consumer Lending sector, with a strong focus on Credit Cards.
• A minimum of 5 years of direct experience in the Saudi Credit Cards market.
• Demonstrated expertise in Credit Policy development and management, Product Management, Underwriting processes, and Risk Analytics.
• In-depth knowledge of SIMAH products, reports, and operational processes.
• Proven leadership capabilities and a strong track record in stakeholder management.
• A results-driven approach with the ability to adapt to fast-paced and dynamic business environments.

Required Skills

• Credit Risk Policy development and implementation
• Product Management
• Underwriting best practices
• Risk Analytics and modeling
• Expertise in SIMAH products, reports, and processes
• Leadership and team development
• Stakeholder Management
• Data Analysis
• Risk Management principles

Work Context

This is a contract role based in Jeddah, Makkah, Saudi Arabia. The position requires a professional with over 10 years of experience in credit risk management.