Risk Management Associate – Islamic Development Bank (IDB)

ROLE PURPOSE:
To assist in the risk assessment of countries, financing and investments operations, as well as financial institutions for treasury operations, in addition to monitoring and reporting on changes in external credit ratings and risk profiles of countries and financial institutions.
KEY ACCOUNTABILITIES AND ACTIVITIES:
Country Risk Assessment
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Observe and report on changes in sovereign ratings and outlook of the member countries.
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Participate in collection and review of the relevant country information/notes, research publications prepared by various organizations like the World Bank, IMF, EIU, Rating agencies etc.
Credit Evaluation of Banks/Financial Institutions
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Assist in the country risk rating updates including the application of the rating model.
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Contribute to the financial analysis of banks and other financial institutions from credit risk perspective using IDB Bank Evaluation model.
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Undertaking initial detailed risk reports on the banks and financial institutions highlighting its strengths and weaknesses in the area of asset quality, capital adequacy, liquidity, profitability and corporate governance.
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Updating the approved list of banks/financial institutions acceptable for placement of IDB-IDB Group liquid funds.
Investment Proposals Evaluation
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Assist in reviewing investment and financing proposals for corporate, project and structured finance operations from a credit risk perspective.
External Ratings of Banks/Financial Institutions and Countries
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Updating on monthly basis the list of sovereign ratings assigned to IDB Member Countries by the external rating agencies.
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Updating on monthly basis the list of banks/financial institutions' ratings included in the list of banks/financial institutions acceptable for placement/investment of IDB-IDB Group liquid funds.
Monitoring and Reporting
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Monitoring on daily basis the changing in the ratings of banks/financial institutions included in the approved list of banks/financial institutions acceptable for placement/investment of IDB-IDB Group liquid funds and for guaranteeing IDB Group financing operations.
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Monitor on daily basis websites of rating agencies, Zawya, etc. for important rating and financial risk developments at country or bank/financial institution level. Reporting to GRMD Middle Office on rating actions taken by rating agencies on banks/financial institutions.
Market Alerts
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Preparation and circulation of Market Alerts report on weekly basis.
Maintaining Data Resources
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Updating database for the IDB exposure limits with banks/financial institutions on the approved limits for both liquidity placements and financing operations.
Response to Special Assignments
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Undertake special assignments and other tasks assigned by the Division Manager and the Director.

Job Details

Date Posted: 2017-08-16
Job Location: Jeddah , Saudi Arabia
Job Role: Accounting and Auditing
Company Industry: Accounting/Auditing

Preferred Candidate

Career Level: Management

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