Sr. Associate Credit Administration.📣 Job Ad

About the Opportunity

The Islamic Development Bank (IsDB) is seeking a Sr. Associate Credit Administration to join its team. This full-time position is based in Jiddah, Makkah, Saudi Arabia, within one of the Bank Group's Regional Hubs. The role is essential for maintaining the integrity and efficiency of credit operations.

Role Purpose

The Sr. Associate Credit Administration will be responsible for executing activities outlined in ITFC’s credit administration policies and procedures. This includes processing transaction tickets, monitoring compliance with established guidelines, and reporting any unresolved issues to ensure operational adherence and accuracy.

Key Responsibilities

• Check limit and amendment requests for selected credit operations, performing the initial stage of limit setting/amendments in the system.
• Review financing agreements and security documentation for approved transactions to ensure accuracy and completeness, identifying and reporting any discrepancies to the immediate line manager.
• Perform the first step of collateral creation and link them with relevant limits to control facility utilization.
• Act as a dual custodian/key-holder for safe custody activities, securely archiving security documentation for facilities, and reporting to HQ in the absence of the immediate line manager.
• Prepare data required for the periodic revaluation of collaterals and highlight discrepancies as needed.
• Monitor facilities regularly to ensure subsequent utilization adheres to the terms of approval, liaising with Operations and escalating concern areas to the immediate line manager.
• Follow up on pending or deficient documentation related to credit operations/transactions with Trade Finance, Operations, and other relevant functions to ensure timely resolution.
• Raise day-to-day system issues or bugs and follow up for their resolution.
• Note and report policy breaches to the immediate line manager.
• Carry out required record keeping and filing tasks.

Required Qualifications and Experience

• Candidates should possess 0-1 years of relevant professional experience.

Work Location

This full-time position is located in Jiddah, Makkah, Saudi Arabia, within one of the Islamic Development Bank Group's Regional Hubs.

Additional Information

This is a full-time role. The salary for this position will be disclosed during the recruitment process. Interested candidates are encouraged to apply.