Head of Risk, Saudi Arabia

We are seeking an experienced and highly motivated Head of Risk to oversee and manage our company's risk management activities. As a Head of Risk, you will be responsible for identifying, assessing, and mitigating risks across the credit card and cash loan product in Saudi Arabia. This is green field start-up and we are looking for the person, who is capable to build risk function “from scratch”.

Responsibilities:

• Owner of centralized and standardized Risk and Business Intelligence function in field of Retail Lending and Credit Cards.
• Development, implementation, and calibration of risk policies and provisioning methodology, credit risk, operational risk, anti-fraud, and collection strategies.
• Decision-making process management. Implementation of risk management strategies and score-models, their evaluation and monitoring.
• Ensure that risk policies, risk management and reporting processes are executed in appropriate manner.
• Credit portfolio management
• Credit risk review and risk assessment reports preparation.
• Regular monitoring and analysis of main risk indicators to ensure lending process is in accordance with company’s strategy.
• New and existing data sources management – identification, implementation, usage, monitoring and analysis: bureau, cell operators, third-parties scores etc.
• Development, implementation, and management of centralized Business Intelligence function.
• Owner of all Risk and BI related IT developments.
• Hiring, training, management, and outcome verification of local talent in Risk and Business Intelligence functions.
• Budgeting, forecasting and managing Risk KPIs: NPL, LLP, AR, LGD, COR, repayment behavior vintages etc.
• Liaison with members of international teams.
• Communicate to all risk issues to the relevant stakeholders (internal and external).

Experience and required skills:

• Higher education in Mathematics, Economics, Finance, or similar area.
• Experience in Retail Banking Credit risk management, scoring models development, provisioning, portfolio management and analysis, collection strategy development.
• Ability to analyze complex information and make informed decisions.
• Excellent leadership and people management skills.
• Excellent communication, negotiation, and interpersonal skills.
• Strong knowledge of risk management frameworks, methodologies, and tools.
• Ability to work effectively in a fast-paced and dynamic environment.
• Proficient in Microsoft Office and other relevant software applications.
• Fluent knowledge of English.