Manager - Financial Services Risk Management; Credit Risk & Governance

Position: Manager - Financial Services Risk Management (Credit Risk & Governance)

Location:

Riyadh

Other locations:
Primary Location Only

Requisition

Location: TBC
Languages: English (Mandatory), Arabic (Mandatory)
Experience: 8–12 years
Industry Focus: Banking and Financial Institutions

Job Summary

We are seeking a Manager to join EY's Financial Services Risk Management (FSRM) practice in Riyadh, focusing on credit-risk management, governance, and portfolio oversight
.

This role is designed for professionals with deep practical understanding of credit processes, loan file reviews, recovery procedures, policies, and governance frameworks
. You will work with clients to assess the soundness of their credit portfolios, strengthen credit-decisioning frameworks, and design end-to-end operating models for risk governance, monitoring, and collections.

The position blends hands-on credit expertise with policy and procedural design
, making it ideal for someone with banking experience who wants to evolve into a trusted advisor on credit-risk transformation.

Key Responsibilities

• Lead or participate in credit-file reviews to assess underwriting quality, policy adherence, and risk grading accuracy.
• Identify deficiencies in loan origination, due diligence, documentation, and collateral management processes.
• Evaluate alignment of internal ratings and staging with regulatory and accounting standards (Basel, IFRS
  9).
• Prepare review reports highlighting findings, root causes, and recommendations for improvement.

2. Credit Governance, Policy, and Operating Model

• Design and update
  credit-risk governance frameworks — including committee structures, delegated authorities, and escalation mechanisms.
• Develop or review credit policies and procedures
  , ensuring alignment with regulatory expectations and risk appetite statements.
• Map end-to-end credit processes (origination, approval, disbursement, monitoring, early warning, recovery, and closure) and identify optimization opportunities.
• Define clear roles and responsibilities (RACI) across Business, Risk, Credit Administration, and Recovery functions.
• Support the establishment of a three-lines-of-defense model for credit governance.

3. Recovery, Restructuring & Collections Frameworks

• Design and enhance
  loan recovery and workout processes
  , including restructuring procedures and write-off governance.
• Assess collection effectiveness, collateral enforcement, and provisioning triggers.
• Benchmark recovery procedures against best practice and regulatory requirements.
• Assist in creating Early Warning Systems (EWS) for deteriorating exposures.

4. Credit Monitoring & Reporting

• Develop or enhance frameworks for
  portfolio monitoring, concentration analysis, and watch-list management
  .
• Recommend improvements to MIS and reporting dashboards for Board and Credit Committees.
• Support implementation of risk appetite metrics and limit structures (e.g., LTV, DSCR, sector exposure limits).

5. Client Engagement & Delivery

• Manage project work streams and teams conducting credit reviews, policy design, or target operating model assessments.
• Liaise with senior client stakeholders — Chief Risk Officers, Heads of Credit, and Chief Credit Officers — to ensure engagement success.
• Prepare and present findings, recommendations, and operating model blueprints to client leadership.

Skills and Attributes for Success

• Strong understanding of
  credit origination, approval, administration, and recovery processes within banks.
• Experience in credit policy design
  , procedural documentation
  , and governance frameworks
  .
• Ability to evaluate portfolio quality, identify process gaps, and recommend practical, risk-sensitive solutions.
• Familiarity with Basel credit-risk principles
  , IFRS 9 staging
  , and collections/recovery best practices
  .
• Excellent analytical, writing, and presentation skills.
• Ability to manage multiple engagements and coordinate across functions.

To Qualify for the Role, You Must Have

• 8–12 years of experience in
  credit-risk management
  , credit review
  , or portfolio oversight
  , ideally within a bank or consulting environment.
• Proven experience in reviewing corporate and SME credit files and assessing policy compliance.
• Exposure to designing or implementing credit policies and procedures
  .
• Degree in Finance, Accounting, Economics, or Risk Management
  .

Ideally, You’ll Also Have

• Experience with collections and recovery operations
  , including legal enforcement and restructuring.
• Knowledge of regulatory frameworks (SAMA, CBUAE, Basel).
• Exposure to developing credit-risk operating models or governance structures
  .
• Professional certifications such as FRM
  , CFA
  , or Credit Risk Certification
  .

What We Look For

A pragmatic, detail-oriented credit professional who understands how credit really works in banks — someone who can bridge credit policy with operational execution, identify weaknesses in credit governance, and design frameworks that are both compliant and practical.

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