Head of Retail Credit
Client of Orion Consultancy
Employer Active
Posted 9 hrs ago
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Experience
12 - 17 Years
Job Location
Education
Bachelor of Commerce(Commerce), Bachelor of Arts(Economics)
Nationality
Any Nationality
Gender
Not Mentioned
Vacancy
1 Vacancy
Job Description
Roles & Responsibilities
Main Responsibilities
- Develop and implement comprehensive retail credit policies and procedures aligned with the bank s risk appetite and UAE Central Bank regulations.
- Collaborate with senior management to establish credit risk frameworks and lending guidelines for various retail banking products.
2. Portfolio Management and Optimization:
- Oversee the bank s retail credit portfolio, ensuring diversification, quality, and alignment with strategic objectives.
- Implement strategies to optimize the risk-return profile of the retail credit portfolio.
3. Credit Scoring and Underwriting:
- Lead the development and implementation of credit scoring models and underwriting criteria for retail banking products.
- Continuously refine and enhance credit assessment methodologies to improve decision accuracy and efficiency.
4. Risk Monitoring and Reporting:
- Develop and maintain robust systems for monitoring credit risk across the retail portfolio.
- Provide regular reports and insights to the Chief Credit Officer and senior management on portfolio performance, trends, and potential risks.
5. Regulatory Compliance and Relationship Management:
- Ensure compliance with UAE Central Bank regulations, Basel guidelines, and international best practices in retail credit risk management.
- Manage relationships with regulators, external auditors, and rating agencies on matters related to retail credit.
6. Team Leadership and Development:
- Build and lead a high-performing retail credit team, fostering a culture of excellence, innovation, and risk awareness.
- Implement strategies for talent acquisition, retention, and development, with a focus on building specialized expertise in retail credit analysis.
7. Process Automation and Digital Transformation:
- Drive the adoption of advanced analytics, machine learning, and AI technologies to enhance credit decision-making processes.
- Collaborate with IT and Digital Banking teams to implement automated credit approval systems and digital lending platforms.
8. Collections and Recovery Strategies:
- Oversee the development and implementation of effective collections and recovery strategies for retail credit products.
- Monitor and optimize the performance of collections activities to minimize credit losses.
9. Cross-functional Collaboration:
- Work closely with Retail Banking, Marketing, and Product Development teams to align credit strategies with business growth objectives.
- Collaborate with Risk Management, Legal, and Compliance departments to ensure a holistic approach to risk management.
Desired Candidate Profile
Job Profile
The Head of Retail Credit is a strategic leadership role responsible for overseeing and managing the bank s retail credit portfolio in the UAE. This position plays a crucial role in developing and implementing retail credit policies, managing credit risk, and ensuring the quality and profitability of the bank s retail loan portfolio. Reporting to the Chief Credit Officer, the Head of Retail Credit will be instrumental in aligning retail credit strategies with the bank s overall risk appetite and business objectives while navigating the dynamic landscape of the UAE s retail banking sector and adhering to regulatory requirements.
Requirements
- Master s degree in finance, Economics, Statistics, or a related field from a globally recognized institution.
- Minimum 12 years of experience in banking or financial services, with at least 8 years in senior retail credit risk management roles.
- Comprehensive understanding of retail credit analysis, risk management principles, and UAE banking regulations.
- Strong knowledge of credit scoring models, portfolio management techniques, and retail banking products.
- Proven track record in developing and implementing credit policies and risk management frameworks.
- Excellent leadership and team management skills with a focus on driving performance and innovation.
- Strong analytical and problem-solving abilities with a data-driven approach to decision-making.
- Exceptional communication and negotiation skills, with the ability to influence at senior levels.
- Fluency in English is essential; Arabic language skills are highly desirable.
- Professional certifications such as FRM, CFA, or relevant credit risk management qualifications.
- Experience working in multiple GCC markets or international retail banking environments.
- Track record of successfully managing retail credit portfolios through economic cycles and market volatilities.
- Demonstrated ability to navigate complex regulatory environments and manage relationships with regulatory bodies.
- Published thought leadership in retail credit risk management or related fields.
- Experience in implementing advanced credit risk modelling techniques and AI/ML technologies in credit decisioning.
Company Industry
- Recruitment
- Placement Firm
- Executive Search
Department / Functional Area
- Finance
- Treasury
Keywords
- Head Of Retail Credit
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Client of Orion Consultancy
https://orionconsultingme.com/jobs/banking-and-finance/head-of-retail-credit/