Counterparty Credit Risk Team Leader

JOB PURPOSE / ROLE:

To monitor and manage counterparty credit risk activities according to the banks policies and procedures and comply with all requirements.

AREAS OF RESPONSIBILITY:

Policies, Processes & Procedures

• Follow all regulations, policies, processes, procedures in place and provides instructions to subordinates and monitor their performance so that work is carried out in a controlled manner
• Strengthen the control governance framework for Treasury / Market & Counterparty Risk activities, ensuring robust documentation, approvals, and audit-ready evidence across processes.
• Contribute to drafting, enhancing, and maintaining Treasury Risk related policies and limit governance standards to ensure strong control governance and framework.

Day- to-day operations

• Provide senior oversight of day-to-day activities and deliverables assigned to the function; ensure consistent compliance with policies/procedures and timely resolution of operational exceptions.
• Ensure risk exposures (market and counterparty risk, where applicable) are computed for Treasury activity and are accurately attributed to approved limits as defined by limit packs / limit governance standards; drive timely escalation of breaches.

Exposure Derivative Calculation

• Own and continuously enhance pre-settlement risk exposure methodologies across IR/FX/Equity/Commodity/Credit (e.g., add-on factors, Monte Carlo simulation for EPE/EE/PFE), ensuring methodological soundness and transparent governance. Compute exposure at default in line with Basel SA-CCR requirements for internal and external exposure reporting. Provide expert input to limit setting during new product approval and complex deal onboarding, including risk-reward assessment and appropriate pre-settlement limit recommendations. Enhance counterparty credit risk methodologies applied in the bank

Treasury Credit Risk monitoring

• Provide independent oversight of exposures versus approved limits; ensure high-quality monitoring, timely escalation of breaches, and clear articulation of key risk drivers/movements to senior stakeholders. Oversee the efficiency and integrity of systems/tools used for limit monitoring and exposure reporting; identify deficiencies, sponsor enhancements, and ensure sustainable controls. Ensure all transactions are accurately captured in limit monitoring/risk systems and that reconciliations and exception management are performed to a high standard. Develop a contingency plan to ensure business continuity with all system when/where if necessary and updated quarterly and work alongside with the working group for each quarterly test
• Prepare portfolio reviews and exposure summaries for senior management forums/committees as required (e.g., ALCO / Board Risk committees)

Customers Credit Inquiries

• Act as senior point of contact to support Treasury Front Office on pre-deal exposure assessment against limits; provide timely, well-reasoned challenge and decision support for complex/structured transactions.
• Proactively highlight key risks from a Market/Counterparty Credit Risk perspective within business/investment proposals and recommend mitigants/structuring alternatives where appropriate.

Derivative Valuations

• Oversee booking of structured products in internal/third-party systems to ensure correct valuations and risk capture. Reporting exotic structured products not captured by system correctly to Saudi Arabia Trade Repository /SIMAH on daily basis (Regulatory Reporting)
• Ensure independent review and challenge of valuation outputs versus counterparty valuations; govern valuation discrepancies and ensure escalation/dispute resolution where required. Providing Clients MTM valuations (on request) for FX, IR, Equity, commodity and credit derivatives

Credit Compliance

• Supports the assessment of credit proposals compliance with the credit processes, procedures and regulations, in order to enhance the management of risk to all corporate and financial institutions
• Reviewing and monitoring of treasury transactions as per the risk policies of the bank

Collateral Management (IM, VM) – CSA /GMRA/ Cleared

• Ensure all new CSAs / collateral agreements are executed in line with the collateral management policy, with strong legal/ops/risk coordination. Oversight on capturing of all CSA related information in the credit systems/ treasury limit management system
• Provide the subject matter expertise on derivative valuation and margin computation to Treasury operations and assist with any ad hoc and technical queries.

System Enhancement

• Act as a key stakeholder for risk systems implementation/enhancements; define critical path and milestones, and ensure delivery within a framework of strong governance and control requirements. Ensure upgrades are tested thoroughly (including UAT sign-offs), data lineage and controls are maintained during technical transitions, and key risks/delays are escalated to senior management in a timely manner.
• Assisting and assuring risk monitoring tools are integrated correctly with treasury related projects.

Direction of Subordinates

• Lead, coach, and performance-manage the team to deliver high-quality outputs; set clear objectives, ensure procedural compliance, and develop capability/bench strength.
• Build a strong risk culture, ensuring appropriate challenge, independent judgement, and disciplined escalation across the team.

Continuous Improvement

• Drive continuous improvement across systems, processes, and methodologies, incorporating international best practice; deliver measurable improvements in control effectiveness, turnaround times, and productivity.
• Proactively analyze the operating environment to identify trends that may alter the risk profile; recommend enhancements to identification/measurement/reporting to improve transparency and management action.

Reporting

• Provide senior oversight of departmental risk reporting to ensure accuracy, timeliness, and clarity for stakeholders. Review and challenge reports for senior management/Board committees; ensure key drivers, movements, limit utilizations, and concerns are clearly articulated and supported by data.
• Oversee production and review of key market & counterparty credit risk outputs where applicable.

Committees and Meetings

• Represent the function and actively contribute in internal/external committees and working groups within delegated authority; provide clear, independent risk views and ensure actions are tracked to closure.
• Prepare and present portfolio reviews/exposure summaries to relevant senior management and escalate material issues promptly.

People Management

• Ensures all staff have clear objectives, regular performance feedback sessions, formal annual appraisals, and individual development plans, with particular emphasis on the development of talented Saudi national staff
• Ensures and facilitates the employment, training and development of Saudi nationals within the organization

Safety, Quality & Environment

• Complies with all relevant safety, quality and environmental management policies, procedures and controls to ensure a healthy and safe work environment

Related Assignments

• Performs other related duties or assignments as directed

QUALIFICATIONS & EXPERIENCE:

Minimum Qualifications:

• Bachelor's degree in Finance or Business Administration, preferably at a postgraduate level

Minimum Experience:

• 10+ years of relevant experience in Counterparty Credit Risk including 5 in positions of progressively increasing managerial responsibilities

Language:

• English: Advanced

Technical Knowledge areas:

• Excellent Knowledge of credit analysis, Risk Management and Control.
• Excellent knowledge of Treasury products including complex derivatives and structured products valuations.
• Excellent Knowledge of the market and counterparty credit risk measurement methodologies and practices, procedures and systems.
• Excellent knowledge of the pricing and risk mathematical models, including the model governance, validation and model risk frameworks
• Excellent knowledge of the Basel principles, local regulatory frameworks with respect to RWA and capital computations.
• Excellent knowledge of operation risk management principles, regulatory requirements and relevant industry standards
• Very Good Knowledge of the Banks credit policies, relevant laws, SAMA and Basel regulations.
• Preferable to have FRM/CFA certifications.

Core Competencies:

1. Communication Excellence (The knowledge, skills and ability to listen to others and expresses oneself in a clear and effective manner that helps achieves the desired results.)
2. Digital Orientation (The knowledge, skills and ability to use digital technologies, concepts and methodologies that solve problems, innovate, communicate and collaborate.)
3. Service Excellence (The knowledge, skills and ability to understand, anticipate and responds proactively to the concerns and needs of internal and external customers, acting required to address them.)
4. Risk Orientation (The knowledge, skills and ability to anticipate and manage the various types of risks that may adversely impact on the organization, our customers, our people and our shareholders.)
5. Stakeholder Management (The knowledge, skills and ability to listen to, engages with and understands the needs of stakeholders, using this knowledge to build a coalition to get agreement on what to do and manage expectations.)
6. Building High-Performance (The knowledge, skills and ability to manage and review the performance of individuals and teams against goals and expectations, taking corrective action when necessary by guiding, motivating and developing them.)