Credit Risk Expert📣 Job Ad
| Contract Type | Seasonal | |
| Workplace type | On-site | |
| Location | Jeddah |
About the Role
NeoStats Analytics, a data and analytics firm established in 2022, is seeking a Credit Risk Expert for a 12-month contract role in Jeddah, Makkah, Saudi Arabia. This position is integral to strengthening the credit risk management framework within the Consumer Lending business, with a specific emphasis on Credit Cards in the Saudi market. The role will support the recommendation and implementation of credit policies, underwriting standards, and risk strategies to promote business growth while maintaining portfolio quality, regulatory compliance, and profitability.
Key Responsibilities
- Lead the development, review, and implementation of credit risk policies for Consumer Lending, primarily for Credit Cards, ensuring alignment with regulatory requirements, business objectives, and market best practices.
- Continuously monitor portfolio performance and recommend policy adjustments to manage risk effectively.
- 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, and implement 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 and its application.
- Drive the expansion of new segments as identified with a strong implementation focus.
- Lead, mentor, and develop 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 Requirements
- 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.
- 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.
Required Skills
- Credit Risk & Policy Management
- Underwriting & Credit Decisioning
- Product & Portfolio Management
- Analytics & Reporting
- Sales & Cross-Functional Collaboration
- SIMAH & Regulatory Compliance
- People & Stakeholder Management
- Credit Risk
- Consumer Lending
- Credit Cards
- Credit Policy
- Product Management
- Underwriting
- Risk Analytics
- Team Management
- Cross-functional Stakeholder Management
- Credit Card business models
- Sales processes
- Consumer risk management
- SIMAH products, reports, and processes
- Analytical skills
- Risk strategies
- Results-driven mindset
- Adaptability and Agility
- Interpersonal skills
- Stakeholder management
- Communication skills
Work Environment and Contract Details
This is a 12-month contract position. The role is based in Jeddah, Makkah, Saudi Arabia, and requires an onsite presence. The required experience level for this role is over 10 years.
Requirements
- Requires +10 Years experience
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