IDB3304 – Principal – Credit Risk Management (ICD)

Role Purpose:

To help in developing end to end credit approval process, implement credit risk models and methodologies for determining exposure limits for all counterparts and providing broad risk parameters pertaining to other risk variables.

Key Functional Accountabilities & Activities:

Credit Risk Assessment:

• Assess the risk of all new financing and advisory transactions
• Prepare an end-to-end credit approval process for all new transactions, including term finance, PPP, line of finance, equity, advisory services, with a particular focus on credit risk assessment and exposure limits
• Collect all new financing requests to ensure that credit risks are adequately assessed, properly approved, continually monitored and actively managed.
• Assess the quality and completeness of all relevant data and information needed to analyse new transactions.
• Check the validity and reliability of key assumptions of each proposal, providing recommended changes to better reflect ICD’s risk exposure
• Identify, assess, and quantify key transaction risks and concerns
• Provide support to the project teams on appropriate risk mitigation measures, deal structuring issues, pricing, terms and conditions, and financial covenants throughout the entire credit approval process
• Draft Credit Notes based on independent assessment of the new transactions submitted by the Business Departments during both the concept review and final review phases
• Ensure that each transaction complies with ICD’s risk assessment guidelines, credit risk exposure management policy, and asset and liability management policy
• Provide inputs into and draft recommendation for approval of risk ratings for new transactions
• Provide support for Investment Committee meetings
• Provide support to credit risk management professionals and assistants on risk assessment of financial institutions, projects, and corporations in relation to financing/investment proposals including the application of the quantitative and qualitative scoring models, due diligence, financing terms and conditions, risk mitigation, security package, and assignment of exposure limits
• Ensure that each transaction complies with portfolio management objectives and exposure and concentration limits
• Check with respect to a) new product approvals, and b) required changes to existing policies and procedures of ICD
• Provide support in guiding business teams to maintain high standard of credit submission
• Assist in reviewing the valuations of ICD’s equity portfolio.

Credit Risk Monitoring & Control:

• Collect risk management governance issues at, especially in terms of credit approval processes, committees, and financing/investment decision making
• Check that all the policies such as Investment Guideline, Risk Assessment Guidelines for Financial Institutions, Corporate Financing and Project Finance are adhered.
• Assist in initiating enhancements to credit risk management, approaches, models, and tools & techniques as well as communicate and implement the same across ICD.

Risk Advisory:

• Coordinate with the Business Departments from the initiation of the transaction till final approval of the transaction
• Provide support to Business Departments on suitable terms and conditions of new investments including pricing, transaction structuring, security packages and covenants, reporting and follow-up including participating in due diligence missions.
• Provide support to core business units and the Investment Committee on new transactions, particularly in respect of risk mitigation measures, transaction structuring, pricing, terms and conditions, and financial covenants.

Knowledge Sharing and Innovation:

• Contribute effectively in efforts to promote risk management culture at the ICD level
• Share knowledge and disseminate information related to risk concepts and encourage the adoption of best business practices in risk management
• Share latest updates and innovations in the field of risk management tools, solutions, and software with ICD departments
• Coordinate with the Information Technology function and Business Departments for the implementation of systems required for independent risk assessment by the Risk Management Department.

Qualifications/Professional Experience:

• At least 3 years of experience in international financial institutions in credit risk or origination role is a must.
• Bachelor’s degree in Accounting, Finance, Business Administration, Economics, Statistics or similar discipline is a must.
• Master’s degree in Accounting, Finance, Business Administration, Economics, Statistics or similar discipline or a Professional certificate in Financial Accounting, CFA/FRM or any relevant professional certification is a must.
• Working experience on credit risk assessment and structuring of individual loans, guarantees, and equity investments in corporate and project finance transactions.
• In addition, knowledge of MS Excel, with strong financial analysis and modelling skills is must.

Core Behavioral and Technical Competencies:

Core Behavioral:

• Innovation and Initiatives
• Change Management
• Developing People Capability
• Partnership Management
• Strategic Thinking
• Self-Effectiveness

Technical:

• Credit Risk Policy & Parameters
• Market Knowledge of the Financial Risk Environment across member countries
• Remedial Management
• Credit Risk Evaluation
• Financial Analysis
• Knowledge of Term Finance Products and Services including corporate and Equity financing.
• Knowledge of Financial Institutions Analysis.
• Financial Modeling & Analysis
• Knowledge of Shariaa Finance

Language Skills :

• Capable of communicating in the working languages (Arabic, English and French) of which English is a must.