Risk Analyst
SOS HR Solutions · Kuwait City, Kuwait ·
Analyzes credit and investment proposals for SME financing, monitors credit risk exposures and Expected Credit Losses (IFRS 9), and performs AML checks to support risk management in a financial services context.
Job description
Role profile summaryThe Risk Analyst role reports to the Risk Department Director. It supports the risk management function by identifying, assessing, measuring, monitoring, and reporting risks associated with credit financing products provided to small and medium enterprises (SMEs). The role involves:1) Analysing credit/investment proposals and identifying risks2) Every month, measure, monitor, and report changes in:a. Credit risk exposuresb. Expected Credit Losses (ECL)c. Entity Level Risk3) Performing Anti-Money Laundering (AML) checks on existing and newcustomers4) ECL inputs /Support with external audit process relevant to credit risk reportingin accordance with International Financial Reporting Standard 9: FinancialInstruments (IFRS 9)5) Ensuring compliance with and updating the risk department:a. Policiesb. Proceduresc. Desktop instruction manuals (DIMs)d. Risk monitoring/reporting/measurement tools and templatesKey role responsibilities1. Credit / Investment proposal Risk Analysis Assist in evaluating credit / investment proposals by analyzing various documents such as financial statements (historic/ projected), company ownership documents, bank statements, asset details and external financing details. Document risk study in risk evaluation templates noting key financial and business risks, risk mitigations and rationale for credit risk recommendation2. Monthly Risk Monitoring and reporting Credit risk changes to financing portfolio Expected credit loss measurement, changes and reconciliation of key ECL financing portfolio drivers Entity level Key Performance Indicators (KPIs) risk monitoring and reporting Prepare, update and reconcile risk database with dashboards/ core financing/accounting database3. Anti-money laundering checks Perform AML checks of new customers on-boarded On-going monitoring of status of existing customers Update and monitor compliance with AML policies and procedures4. ECL inputs /Support with external audit process Maintain accurate risk databases with audit trail and rationale for judgements /decisions taken for PD/LGDs in compliance with IFRS 9 Coordinate with external auditors to provide required information to substantiateECL amounts and inputs in compliance with IFRS 95. Updating/ compliance with risk department policies and procedures Ensure compliance with risk policies, procedures and DIMs and same are keptupto date Ensure control and proper usage of approved risk monitoring/reporting/measurement tools6. Cross-Functional Coordination Work closely with credit, collections and finance teams to ensure risk departmentfunctions are smooth
Skills
Qualifications & RequirementsEducation Professional accounting qualification (CPA/ CA or equivalent) Good working knowledge / understanding of IFRS 9 Bachelor's degree in risk management (highly preferred)Experience 3-8 years of experience in audit assurance (Banking / Financial services) 3-8 years of experience in credit risk analysis with Bank/ Non-banking companies/Investment Companies is highly preferred.Skills Understanding of macroeconomic drivers impacting credit risk; understanding of credit risk and financial statements analysis. Strong analytical and problem-solving skills Proficiency in MS Office (Word, Excel & PowerPoint) Good experience working with and analyzing large volumes of data Good communication skills in English (Arabic is a plus).Key Competencies: Attention to detail Ethical judgment and integrity Analytical thinking Time management Team collaboration
Preferred candidate
Years of experience: 3 - 5 years
Residence location: Kuwait
Nationality: Kuwaiti
Gender: Male
Age: 28-35 years