Senior Counterparty Credit Risk Lead

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

• 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 & Counter party 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.

• 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 counter party 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.
• 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 counter party credit risk methodologies applied in the bank
• 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)

• 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/Counter party Credit Risk perspective within business/investment proposals and recommend mitigants/structuring alternatives where appropriate.
• 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 counter party 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

• 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

• 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.
• 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.

• Lead, coach, and performance-manage the team to deliver high-quality outputs; set clear objectives, ensure…