Credit Risk Analyst - Relocate to Saudi Arabia, Permanent Expat Family Relocation Package

Saudi Aramco; City of London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A global energy company is looking for a Credit Risk Analyst to join their Credit & Market Analysis Division. This role requires expertise in credit assessment and risk management, with a preference for candidates holding advanced degrees and certifications. Ideal applicants should have over 10 years of experience in the financial sector, particularly in energy or banking. This full-time position is vital for safeguarding company assets and advising management on credit risks.

Qualifications

• 10+ years of relevant credit experience in banking or financial risk management.
• In-depth knowledge of qualitative and quantitative credit assessments.
• Advanced proficiency in credit risk models.

Responsibilities

• Perform quantitative and qualitative credit assessments of counterparties.
• Propose credit risk mitigation strategies.
• Collaborate with various departments including Sales and Operations.

Skills

Credit risk assessment

Financial statement analysis

Microsoft Excel

Interpersonal skills

Education

Bachelor’s degree in finance, economics, or accounting

Professional certification (e.g., FRM, CFA)

Job description

Overview

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.

The role is based in Saudi Arabia on a permanent, residential basis with a relocation package for expatriate family. Aramco energizes the world economy.

Responsibilities

• 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.
• Adhere strictly to the company’s credit risk policy and operating procedures.
• Collaborate with Operations, Sales, LAW, Contracting, and other areas; possess strong interpersonal and communication skills.
• 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 use the company’s internal credit model to derive credit ratings.
• Ensure new business transactions and related risks are defined, captured, and managed per risk methodologies and systems.
• Maintain approved credit limits and ratings in the credit database.
• Monitor counterparty credit ratings and current market developments to inform management of potential risks.
• Perform stress testing on portfolios to identify and mitigate exposure.
• Review policies and 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.

Qualifications

• 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 is highly regarded.
• At least 10 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.

Certificates

• ACCA (Assoc of Chartered Certified Accountants) – Preferred
• Certified Internal Auditor (CIA) – Preferred
• Certified Public Accountant (CPA) – Preferred
• Saudi Org of Certified Public Accountant (SOCPA) – Preferred
• Other related certifications in investment analysis, portfolio management – Preferred

Working environment

Our high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly. We invest in talent development and provide programs to improve sector-specific knowledge and competencies.

Seniorities

• Mid-Senior level

Employment type

• Full-time

Job function

• Finance
• Industries: Oil and Gas