Head of Credit Risk – Michael Page International (UAE) Limited
A bank in Bahrain is looking to hire a Head of Credit Risk
Large local bank
The Head of Credit Risk in Bahrain will be responsible for the following:
– Managing the process of credit approval on individual credit facility requests for Corporate, Commercial, Retail (that fall outside applicable policy parameters) Treasury and Investment proposals forwarded by the appropriate departments/ units.- Assess the quality of the credit exposure sought to be undertaken and adherence to established policies and procedures. – Constantly research and seek to apply best practices in credit risk, in accordance with Basel and other relevant guidelines.- Perform activities within the assigned Credit Risk Strategy that reflects the Bank’s tolerance for risk and the level of profitability the Bank expects to achieve for incurring various credit risks.- Ensure the use of a standardized process for evaluating credit proposals ensuring that all approved credits are within the bank’s Credit Risk Strategy.- Assist in creating Key Performance Indicators (KPIs) for the department and monitor their achievement on periodic basis.- Coordinate with Compliance to ensure an appropriate response to obtain updates on regulations pertaining to credit risk review- Ensure coordination with business unit Relationship Managers for the timely receipt of customer documents/ other information required to evaluate the credit worthiness of the proposed borrowers.- Ensure the assessment of the credit proposals is adequate and analyze various credit risk facets to measure a final credit risk rating including (but not limited to) an assessment of the requested facility and guarantees provided, client management and background, industry analysis, country analysis, external agency credit rating (if applicable), financial and cash flow analysis and the risk rating from the credit risk rating tool in use. – Based on the assessment, recommend extending or declining the facility request or asking for additional security/ further structuring of the deal/ facility to safeguard the Bank’s interests.
The Head of Credit Risk in the Banking industry must meet the following criteria:
– Knowledge of Basel Accords, with particular emphasis on credit-related issues and credit modeling methodologies- Experience in working with large and complex data sets- Master or professional certification such as CPA, CFA, PRM- Minimum 12-15 years experience in major bank of which at least 5 years in a managerial capacity in risk fuction.