Description
Aramco is seeking a Credit Risk Analyst to join the credit team in its Credit & Market Analysis Division. The role involves safeguarding the company's assets by performing quantitative and qualitative credit assessments of counterparties, proposing appropriate credit risk mitigation strategies, and providing recommendations to management.
Responsibilities: Conduct credit evaluations of counterparties (financial and non-financial institutions). Carry out financial qualification of service providers for new projects. Conduct in-depth analysis of financial statements and employ the company's internal credit model to derive credit ratings. Ensure new business transactions and related risks are appropriately defined, captured, and managed, by the Company's risk methodologies and systems. Maintain approved credit limits and ratings in credit database. Actively monitor counterparty credit ratings and latest market developments to keep management informed on potential risks. Perform stress testing on various portfolios in order to identify and mitigate unwanted exposure. Review policies, procedures, and align risk policies across the Group. Assist in the consolidation and preparation of reports for management. Complete assigned ad-hoc tasks as directed. Collaborate with other areas such as Operations, Sales, LAW, Contracting, among others.
Minimum Requirements: Bachelor's degree in finance, economics, accounting, or a related field. MBA or other advanced business degree is preferred. Professional certification such as FRM, ERP, CMA or CFA, are highly regarded. At least 10 years of relevant credit experience in energy, banking or financial risk management. Experience with implementation and application of credit risk models In-depth knowledge of qualitative and quantitative credit assessments Extensive experience analyzing financial statements Ability to meet tight deadlines to submit credit recommendations to management Advanced proficiency in Microsoft Excel including Excel models Possess excellent interpersonal and communication skills in order to succeed in this role.