Michael Page
Senior Manager - Credit Risk
- Permanent
- Dubai, United Arab Emirates
- Experience 10 - 15 yrs
Job expiry date: 26/05/2026
Job overview
Date posted
11/04/2026
Location
Dubai, United Arab Emirates
Salary
AED 30,000 - 40,000 per month
Compensation
Comprehensive package
Job description
Senior Manager - Credit Risk role responsible for driving high-impact credit risk underwriting for major MENAT financial entities within a well-established Financial Institution. The position involves conducting credit risk assessments for Banks, Countries, NBFCs, MDBs, GFIs, Insurance Firms, Leasing Companies, MNCs, and Sovereign Wealth Funds across the MENAT region. The role includes preparing credit reviews for renewals, enhancements, new-to-bank proposals, and amendments while performing internal risk ratings using financial analysis and qualitative judgment. Responsibilities include monitoring excesses, past dues, collateral shortfalls, covenants, and concentration limits, identifying early warning signs, managing stressed exposures, and supporting Watchlist, staging, and IFRS9/ECL processes. The role requires delivering Risk MIS for regulatory submissions, audits, and Board/Management reporting, as well as updating and maintaining credit policies, SOPs, Charters, and Risk Frameworks across multiple regulatory jurisdictions. The position involves leading or supporting risk automation and process-improvement initiatives and working in a senior role with exposure to Board reporting, policy formulation, and automation initiatives. The candidate must possess deep credit analysis expertise, strong financial statement analysis capability, understanding of banking products, and experience with systems such as Finacle, Kepler, CRISIL ICON, Bloomberg, and external rating data. The role provides regional exposure, decision-making impact, involvement in modernization of risk processes, and opportunity to shape credit policies and risk frameworks within a professional, high-performance environment.
Required skills
Key responsibilities
- Conduct comprehensive credit risk assessments for Banks, Countries, NBFCs, MDBs, GFIs, Insurance Firms, Leasing Companies, MNCs, and Sovereign Wealth Funds across the MENAT region by analyzing financial statements, reviewing market data, evaluating sovereign exposure, and assessing counterparty risk using financial analysis and qualitative judgment to determine creditworthiness and exposure limits
- Prepare detailed credit reviews for renewals, enhancements, new-to-bank proposals, and amendments by evaluating historical performance, financial strength, industry risk, country risk, and counterparty exposure while ensuring compliance with internal credit policies and regulatory requirements
- Perform internal risk ratings using financial analysis, risk rating models, and qualitative assessment methodologies while incorporating macroeconomic indicators, country risk factors, and banking sector developments across MENAT jurisdictions
- Monitor credit portfolio exposures including excesses, past dues, collateral shortfalls, covenant breaches, and concentration limits while identifying early warning signals and escalating potential risk exposures in accordance with risk governance frameworks
- Identify early warning signs and manage stressed exposures by supporting Watchlist processes, staging classification, and IFRS9 Expected Credit Loss (ECL) calculations while coordinating with risk management and finance teams
- Deliver Risk MIS reports for regulatory submissions, audits, and Board and Management reporting by consolidating portfolio risk metrics, exposure analysis, rating migration trends, and concentration risk data
- Update and maintain credit policies, SOPs, Charters, and Risk Frameworks across multiple regulatory jurisdictions while ensuring alignment with risk appetite, regulatory expectations, and internal governance standards
- Lead or support risk automation and process-improvement initiatives by collaborating with technology teams, enhancing reporting efficiency, improving risk analytics capabilities, and modernizing credit risk workflows
Experience & skills
- Possess 12-15 years of experience in credit underwriting within a financial institution including extensive exposure to Banks, Countries, NBFCs, MDBs, GFIs, Insurance Firms, Leasing Companies, MNCs, and Sovereign Wealth Funds across the MENAT region
- Demonstrate 5-7 years of specialized underwriting experience specifically for Banks, Countries, or Global Financial Institutions (GFIs) within the MENAT region including cross-border exposure analysis
- Exhibit strong credit analysis capabilities including financial statement analysis, ratio analysis, trend analysis, and evaluation of banking sector risks and sovereign risk exposures
- Maintain deep knowledge of IFRS9, Expected Credit Loss (ECL) methodologies, and risk management frameworks including staging, impairment assessment, and provisioning requirements
- Demonstrate strong understanding of banking products including trade finance, lending facilities, guarantees, and treasury-related exposures impacting credit risk
- Utilize systems such as Finacle, Kepler, CRISIL ICON, Bloomberg, and external rating data platforms for financial analysis, credit assessment, and portfolio monitoring
- Hold Bachelor's degree in Finance or Accounting with MBA or CFA preferred while demonstrating strong technical knowledge of financial risk management frameworks
- Demonstrate ability to support regulatory submissions, audits, Board reporting, and policy development while participating in automation and modernization of risk processes