Credit Operations Specialist — Risk & Compliance

Islamic Development Bank (IsDB); Jeddah; On-site; SAR 120,000 - 180,000; Part time

Job summary

Islamic Development Bank (IsDB) invites applications for Sr. Associate, Credit Administration, stationed in one of its Regional Hubs.

The fixed-term appointment role involves processing credit tickets, monitoring compliance, and reporting unresolved issues in line with ITFC credit policies. The ideal candidate holds a Bachelor's in Trade, Banking or Economics with a Master’s in Finance (or relevant certification) and at least two years’ experience, with fluency in English and knowledge of Arabic

Qualifications

• Bachelor's degree in Trade, Banking or Economics.
• Master’s Degree with a specialization in Finance or relevant certification is a plus.
• Minimum of 2 years of experience.

Responsibilities

• Check limit and amendment requests for selected credit operations, perform the first leg of limit setting/amendments in the system as required before the final decision is taken by the immediate / second line manager.
• Review financing agreements and security documentation for approved transactions to ensure accuracy and completeness for the purpose of execution and pinpoint any discrepancies to immediate line manager.
• Perform the first step of collateral creation and link them with relevant limits to control utilization of facilities.
• Remain on standby call to report to HQ in the absence of immediate line manager and act as the dual custodian / key-holder for safe custody activities to safely archive security documentation for facilities .
• Prepare data required for the periodic revaluation of collaterals and, if needed, highlight discrepancies.
• Monitor facilities on regular basis to ensure subsequent utilization is in adherence with the terms of approval. Liaise with Operations to ensure adherence and elevate concern areas to immediate line manager.
• Follow-up on pending/deficient documentation vis-à-vis credit operations/transactions with Trade Finance, Operations and other relevant functions to ensure timely resolution.
• Raise day-to-day system issues/bugs and follow-up for their resolution.
• Take note and report policy breaches to immediate line manager.
• Carry out record keeping and filing as required.

Skills

English proficiency

Arabic

French

Education

Bachelor's Degree in Trade, Banking or Economics

Master’s Degree with a specialization in Finance or relevant certification

Job description

Islamic Development Bank (IsDB) invites applications for Sr. Associate, Credit Administration, stationed in one of its Regional Hubs.

The fixed-term appointment role involves processing credit tickets, monitoring compliance, and reporting unresolved issues in line with ITFC credit policies. The ideal candidate holds a Bachelor's in Trade, Banking or Economics with a Master’s in Finance (or relevant certification) and at least two years’ experience, with fluency in English and knowledge of Arabic