IDB3304 - Principal - Credit Risk Management (ICD) Business Unit: ICD - Islamic Corporation for Development Division: Credit Risk Management (ICD) Department: Risk Management Department ICD Contract type: Regular Staff Country: Saudi Arabia Location: Saudi Arabia - Jeddah Closing date: 18-Apr-2024

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