QNB3797 - Senior Manager - Credit Risk

Job Summary

The incumbent will be responsible for assisting the management of the process of credit approval on individual credit facility proposals for Corporate and Retail customers (only those retail proposals that fall outside applicable policy parameters), forwarded to them by the appropriate departments/ units.

The incumbent will assess the quality of the credit exposure sought to be undertaken and adherence to established policies and procedures.

The incumbent will constantly research and seek to apply best practices in credit risk, in accordance with Basel II and other relevant guidelines.

• Main Responsibilities
• Perform activities within the assigned Credit Risk Strategy that reflects the Group’s tolerance for risk and the level of profitability the Group 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 QNB’s Credit Risk Strategy.
• Assist the SVP of Risk in creating Key Performance Indicators (KPIs) for the department and monitor their achievement on a periodic basis.
• Coordinate with Compliance Group to obtain updates on regulations pertaining to credit risk review promulgated by the Central Bank, if any.
• Build and maintain strong, effective relationships with all related departments and units to achieve the Group’s goals and objectives.
• Provide timely and accurate information to external and internal auditors and the Compliance function as and when required.
• Perform credit assessments and provide credit approvals within the authority delegated to the incumbent.
• Ensure compliance with established credit risk policies and procedures and maintain a sound environment for identifying, measuring, monitoring, and controlling credit risk.
• Coordinate with business unit Relationship Managers for the timely receipt of customer documents or other information required to evaluate the creditworthiness of the proposed borrowers.
• Supervise the assessment of the credit proposals, analyze the various credit risk facets, and calculate a final credit risk rating, including but not limited to requested facility and guarantees, client management, industry and country analysis, external agency credit rating (if applicable), financial and cash‑flow analysis, and the rating from the credit risk rating tool in use.
• Based on the assessment, recommend extending or declining the facility request or requesting additional security/structuring of the deal to safeguard the Group’s interests.
• Ensure that all credit approvals meet overall policy guidelines and QCB regulations, and stipulate terms and conditions to mitigate the credit risk borne by the Group.
• Work toward improving the overall Group credit portfolio by instilling credit risk best practices.
• Address or facilitate correction of any weaknesses identified during assessments, audits, or examinations.
• Coordinate activities with business units to ensure the timely processing of customer credit requests within established TATs.
• Comply with all applicable legal, regulatory, and internal compliance requirements, including but not limited to Group Compliance Policies and Procedures (AML & CTF, Sanctions Policy, Data Protection Policy, Fraud Control Policy, Whistle Blowing Policy, Conflict of Interest, and Insider Dealing Policy).
• Understand and effectively perform your role under the Three Lines of Defense principle to identify, measure, monitor, manage, and report risks.
• Ensure systematic good outcomes for clients in accordance with the Conduct Risk policy.
• Support the framework of RCSA, KRI, incident reporting, and remediation in accordance with Operational Risk Management requirements.
• Maintain appropriate knowledge to ensure full qualification to undertake the role.
• Complete all mandatory training provided by the Bank, attain, and maintain the required levels of competence.
• Attend mandatory (internal and external) seminars as instructed by the Bank.

Education and Experience Requirements

• University graduate (Bachelor’s degree) preferably with a major in Finance, Banking, Economics, Mathematics, or Business Administration (related field of study); master’s degree preferred.
• Professional certification such as PRM, CPA, or CFA is preferred.
• Minimum of 8 years’ experience in a major bank, including at least 2 years in a supervisory capacity in a risk function.
• Excellent oral, numerical, and written communication skills in English and Arabic (preferred).
• Knowledge of the Basel II Accord, with particular emphasis on credit‑related issues and credit modelling methodologies.
• Excellent quantitative modelling, analytical, and research skills.
• Experience working with large and complex data sets; knowledge of financial markets and products.
• Proficiency in risk concepts, banking products/operations/systems, pertinent regulatory requirements, International Accounting Standards, and related pronouncements.
• In‑depth understanding of credit risk methodologies (KMV, credit metrics, etc.), interest‑rate modelling (short‑rate models, HJM, BGM, etc.), VAR, and/or other complex financial risk modelling (highly desirable).
• Adequate knowledge of IT systems and applications.
• Self‑motivated, detail oriented, with the ability to work with others and lead teams from diverse cultural backgrounds.
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