Financial Risk Assessment Specialist

1 week ago


Manama, Manama, Bahrain Ila Bank Full time

Job Purpose: At Ila Bank, we are seeking an experienced Financial Risk Assessment Specialist to join our team. The primary role involves receiving and evaluating retail credit applications along with supporting documents to provide informed recommendations in line with the bank's policies and procedures.

Key Responsibilities:

  1. Evaluate received credit applications, including supporting documents, against credit policy and procedure requirements within agreed timelines.

  2. Ensure all necessary information for credit decisions is obtained and verify required information per defined processes and scripts.

  3. Conduct thorough credit analysis of received applications, providing recommendations tied to analysis and assessment of credit risk.

  4. Present findings and recommendations to managers, focusing on borrower repayment abilities.

  5. Develop spreadsheets and models to support new and existing credit application analysis.

  6. Maintain up-to-date knowledge of lending policies.

  7. Reconcile credit files, identify discrepancies, and update employer whitelist and relevant supporting documents inventory.

  8. Train pre-screening staff on identifying processing and elimination variables.

Requirements:

  • A minimum of 5 years of strong retail credit experience.
  • Bachelor's Degree, preferably in Finance, Accounting, or related fields.
  • Mid-Senior level employment.


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