Credit Risk Analyst

Aramco Overseas Company UK Ltd; Dhahran Compound; On-site; SAR 299,000 - 450,000; Full time

Job summary

A leading energy firm is seeking a Credit Risk Analyst to join their credit team in Dhahran, Saudi Arabia. The candidate will manage credit and market risks by performing assessments and recommending strategies. The ideal applicant has 15+ years of credit experience, strong analytical skills, and must be proficient in Microsoft Excel. Advanced degrees and certifications are preferred.

Qualifications

• At least 15 years of relevant credit experience in energy, banking or financial risk management.
• Experience with implementation and application of credit risk models.
• In-depth knowledge of qualitative and quantitative credit assessments.

Responsibilities

• Conduct credit evaluations of counterparties (financial and non-financial institutions).
• Carry out financial qualification of service providers for new projects.
• Perform stress testing on various portfolios to identify and mitigate unwanted exposure.
• Assist in the consolidation and preparation of reports for management.

Skills

Interpersonal skills

Communication skills

Credit risk assessment

Financial analysis

Microsoft Excel proficiency

Education

Bachelor’s degree in finance, economics, accounting, or related field

MBA or other advanced business degree preferred

Professional certification (FRM, ERP, CMA, CFA)

Job description

Job Purpose

We are seeking a Credit Risk Analyst to join the credit team in its Credit & Market Analysis Division which is part of the Treasury organization. The main role of the division is to manage credit and market risks. Your main responsibility will be to safeguard the company’s assets by performing quantitative and qualitative credit assessments of counterparties, propose appropriate credit risk mitigation strategies and provide recommendations to management. This position requires strict adherence to the company’s credit risk policy and operating procedures. You will also be required to collaborate with other areas such as Operations, Sales, LAW, and Contracting, among others. Therefore, it is essential to possess excellent interpersonal and communication skills in order to succeed in this role.

Key Responsibilities

• Conduct credit evaluations of counterparties (financial and non‑financial institutions).
• Carry out financial qualification of service providers for new projects.
• Conduct in‑depth analysis of financial statements and employ the company’s internal credit model to derive credit ratings.
• Ensure new business transactions and related risks are appropriately defined, captured, and managed by the company’s risk methodologies and systems.
• Maintain approved credit limits and ratings in the credit database.
• Actively monitor counterparty credit ratings and latest market developments to keep management informed on potential risks.
• Perform stress testing on various portfolios in order to identify and mitigate unwanted exposure.
• Review policies, procedures, and align risk policies across the Group.
• Assist in the consolidation and preparation of reports for management.
• Complete assigned ad‑hoc tasks as directed.

Minimum Requirements

• A Bachelor’s degree in finance, economics, accounting, or a related field. MBA or other advanced business degree is preferred.
• Professional certification such as FRM, ERP, CMA or CFA, which are highly regarded.
• At least 15 years of relevant credit experience in energy, banking or financial risk management.
• Experience with implementation and application of credit risk models.
• In‑depth knowledge of qualitative and quantitative credit assessments.
• Extensive experience analyzing financial statements.
• Ability to meet tight deadlines to submit credit recommendations to management.
• Advanced proficiency in Microsoft Excel, including Excel models.