Credit Risk Specialist📣 Job Ad

About the Role

Hiresquad Resources is seeking an experienced Credit Risk Specialist for a contract position in Jeddah, Makkah, Saudi Arabia. This role is integral to enhancing the risk management framework within the Consumer Lending business, with a specific focus on Credit Cards in the Saudi market. The specialist will be responsible for developing and implementing credit policies, underwriting standards, and risk strategies that balance business growth, regulatory compliance, and profitability. This position requires a professional with a deep understanding of the Saudi credit landscape and a proven history in managing credit risk for consumer financial products, playing a key role in maintaining the health and performance of the credit portfolio.

Key Responsibilities

• Develop, review, and implement credit risk policies and strategies aligned with regulatory requirements and industry best practices for the Saudi market.
• Oversee the end-to-end underwriting process, providing guidance on complex cases and enhancing decisioning capabilities 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 trends, and assess profitability, providing actionable insights and reports to senior management.
• Foster cross-functional collaboration with Sales, Operations, Compliance, Finance, and Technology departments to ensure effective execution of risk management initiatives.
• Ensure adherence to SIMAH (Saudi Credit Bureau) requirements and act as a subject matter expert on Saudi credit bureau data and its utilization.
• Mentor and develop risk and product teams, promoting a performance-driven culture focused on risk awareness and sound decision-making.

Qualifications and Experience

• 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 hands-on experience operating within 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 with strong stakeholder management skills.
• A results-driven approach with adaptability and agility for dynamic, fast-paced environments.

Required Skills

• Credit Risk Policy
• Product Management
• Underwriting
• Risk Analytics
• SIMAH Products
• SIMAH Reports
• SIMAH Processes
• Leadership
• Stakeholder Management

Work Details

This is a contract position located in Jeddah, Makkah, Saudi Arabia.