70 Risk Analysis jobs in Saudi Arabia

Business Unit

President Complex

Division

Market Risk

Department

Country

Location

Job Grade

E3

Contract Type

Regular Staff

Closing Date

19-Sep-2024

The purpose of the job is to manage the implementation and execution of the bank’s model risk management framework. This includes participating in the implementation of model risk management policies and procedures, performing ongoing model risk monitoring, undertaking model validation, identifying & reporting on model risk, and maintaining a model inventory.

Formulate and quantify model risk appetite.

Develop and maintain the Model Risk Management policy, management directives, procedures, and guidelines.

Maintain and updated the model risk monitoring tools, systems, and methodologies to ensure on-going quality of model risk management processes.

Independently review financial and risk models in use by the Bank and periodically perform independent model validation of these models.

Perform independent model risk assessment and model performance monitoring in accordance with the defined model risk appetite and the pre-defined model performance targets.

Review model development and re-development/re-calibration proposals from model owners.

Perform periodic procedural compliance on model development and management process within the Bank along with review of adequacy and comprehensiveness of model documentation with the approved policy, directives and guidelines and highlight deviations with recommendations to achieve compliance.

Undertake ongoing management of model tiering, perform model risk assessments, and maintain model inventory, model documentation, model performance reports and model validation reports.

Operational Excellence & Knowledge Share:

Provide technical guidance and review the work delivered by less experienced team members.

Monitor the effective implementation and adherence to respective risk management policies, procedures, and controls so that all relevant procedural / legislative requirements are fulfilled.

Keep abreast of the latest developments, regulations and leading practices in the field and proposes any necessary actions.

Propose and implement process improvements to increase efficiency, effectiveness, and compliance of the related operations.

Bachelor’s Degree in a Quantitative Science (Finance, Economics, Mathematics, Statistics, Actuarial Science, Financial Engineering or similar).

Professional certifications like CFA/ PRM/ FRM/ CQF would be preferred.

Advanced programming skills using statistical/mathematical software.

Proficiency in SAS, MATLAB, R, Python, VB or other statistical modeling. Software and database management languages such as SQL Database.

Minimum 8 years of relevant experience in a financial modelling or risk management function, of which at least 3 years in Model Risk, preferably in a Multilateral Development Bank.

Quantitative Analytical skills

Familiarity with External Rating Methodologies

Governance, Risk and control

Islamic Finance

Stress Testing

Analytical Thinking

Problem Solving

Stakeholder Management

MS Office

French - Preferred

If you meet the criteria and you are enthusiastic about the role, we would welcome yourapplication.Tocomplete the application you would need the following document(s):

Business Unit

President Complex

Division

Market Risk

Department

Country

Location

Job Grade

E3

Contract Type

Regular Staff

Closing Date

19-Sep-2024

The purpose of the job is to manage the implementation and execution of the bank’s model risk management framework. This includes participating in the implementation of model risk management policies and procedures, performing ongoing model risk monitoring, undertaking model validation, identifying & reporting on model risk, and maintaining a model inventory.

Formulate and quantify model risk appetite.

Develop and maintain the Model Risk Management policy, management directives, procedures, and guidelines.

Maintain and updated the model risk monitoring tools, systems, and methodologies to ensure on-going quality of model risk management processes.

Independently review financial and risk models in use by the Bank and periodically perform independent model validation of these models.

Perform independent model risk assessment and model performance monitoring in accordance with the defined model risk appetite and the pre-defined model performance targets.

Review model development and re-development/re-calibration proposals from model owners.

Perform periodic procedural compliance on model development and management process within the Bank along with review of adequacy and comprehensiveness of model documentation with the approved policy, directives and guidelines and highlight deviations with recommendations to achieve compliance.

Undertake ongoing management of model tiering, perform model risk assessments, and maintain model inventory, model documentation, model performance reports and model validation reports.

Operational Excellence & Knowledge Share:

Provide technical guidance and review the work delivered by less experienced team members.

Monitor the effective implementation and adherence to respective risk management policies, procedures, and controls so that all relevant procedural / legislative requirements are fulfilled.

Keep abreast of the latest developments, regulations and leading practices in the field and proposes any necessary actions.

Propose and implement process improvements to increase efficiency, effectiveness, and compliance of the related operations.

Bachelor’s Degree in a Quantitative Science (Finance, Economics, Mathematics, Statistics, Actuarial Science, Financial Engineering or similar).

Professional certifications like CFA/ PRM/ FRM/ CQF would be preferred.

Advanced programming skills using statistical/mathematical software.

Proficiency in SAS, MATLAB, R, Python, VB or other statistical modeling. Software and database management languages such as SQL Database.

Minimum 8 years of relevant experience in a financial modelling or risk management function, of which at least 3 years in Model Risk, preferably in a Multilateral Development Bank.

Quantitative Analytical skills

Familiarity with External Rating Methodologies

Governance, Risk and control

Islamic Finance

Stress Testing

Analytical Thinking

Problem Solving

Stakeholder Management

MS Office

French - Preferred

If you meet the criteria and you are enthusiastic about the role, we would welcome yourapplication.Tocomplete the application you would need the following document(s):

At Aajil (formerly Buildnow), we’re revolutionizing how construction SMEs access financing through our BNPL solutions. As a Senior Credit Analyst (7 + years) , you’ll dive head-first into real-world challenges, gaining experience and insights at a pace unmatched by traditional organizations. If you’re ready to give it your all, grow exponentially, and make a tangible impact, this is the opportunity for you.

As a Credit Analyst at Aajil, you’ll be at the heart of our mission to enable growth for SMEs in the construction sector. Your responsibilities will include:
• Analyzing financial statements and creditworthiness of construction SMEs using advanced systems and fundamental analysis.
• Preparing risk reports with actionable insights that inform critical credit approval and rejection decisions.
• Collaborating with risk-management teams to ensure compliance with portfolio-diversification and risk-mitigation strategies.
• Designing credit policies and processes to enable high-frequency, scalable lending operations.
• Monitoring repayment trends and using data-analytics tools to flag high-risk accounts proactively.
• Working closely with engineering teams to refine and improve risk-assessment processes and systems.

Senior Credit Analyst (7 + years)
• Proven experience in credit-risk or lending roles within financial institutions, with a focus on SME portfolios.
• Deep accounting knowledge and a track record of dissecting complex financial documents to drive credit decisions.
• Demonstrated leadership in shaping credit policies or models and mentoring junior analysts.
• Bachelor'sdegree in Finance, Economics, Accounting, or a related field.
• Proficiency in Excel (pivot tables, macros); familiarity with SQL for data querying is a plus.
• Strong understanding of credit-risk principles and SME financial analysis.
• Exceptional attention to detail with analytical and reporting skills to support high-stakes decisions.
• Fluency in English and Arabic, with the ability to communicate effectively in both languages.

• Exponential Learning: Accelerate your career with hands-on experience, challenging problems, and mentorship from industry leaders.
• Real Impact: Your work will directly shape the credit policies and risk models powering growth for SMEs.
• Innovative Culture: We move fast, think big, and reward those who bring their best every day.
• All Builders, All In: Everyone at Aajilis a hands-on contributor. We celebrate wins, tackle challenges, and grow together.

If you’re ready to work harder, learn faster, and build something extraordinary, we want you on our team.

Aramco occupies a unique position in the global energy industry. We are the world's largest producer of hydrocarbons (oil and gas), with the lowest upstream carbon intensity of any major producer.

With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco’s value to society.

Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a generations’ spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom’s vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply.

We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.

We are seeking a Credit Risk Analyst to join the credit team in its Credit & Market Analysis Division which is part of the Treasury organization. The main role of the division is to manage credit and market risks.

Your main responsibility will be to safeguard the company’s assets by performing quantitative and qualitative credit assessments of counterparties, propose appropriate credit risk mitigation strategies and provide recommendations to management. This position requires strict adherence to the company’s credit risk policy and operating procedures.

You will also be required to collaborate with other areas such as Operations, Sales, LAW, Contracting, among others. Therefore, it is essential to possess excellent interpersonal and communication skills in order to succeed in this role.

As a successful candidate, you will perform the following:

• 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.

As a successful candidate, you will have:

• A 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.

Title: Assoc of Chartered Certified Accountant (ACCA)
Req./Pref.: Preferred
Comments: A leading international body providing certification in accounting.

Title: Certified Financial Analyst (CFA)
Req./Pref.: Preferred
Comments: Certification in the areas of investment analysis, portfolio management.

Title: Certified Internal Auditor (CIA)
Req./Pref.: Preferred
Comments: Certification in the areas of internal audit and practice.

Title: Certified Management Accountant (CMA)
Req./Pref.: Preferred
Comments: Certification in the areas of management accounting, budgeting, and decision-making.

Title: Certified Public Accountant (CPA)
Req./Pref.: Preferred
Comments: Certification in the area of financial accounting and reporting.

Title: Saudi Org of Certified Public Accountant (SOCPA)
Req./Pref.: Preferred
Comments: Certification in the areas of accounting and auditing standards.

Our high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly.

At Aramco, our people work on truly world-scale projects, supported by investment in capital and technology that is second to none. And because, as a global energy company, we are faced with addressing some of the world’s biggest technical, logistical and environmental challenges, we invest heavily in talent development.

We have a proud history of educating and training our workforce over many decades. Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through our workforce development programs – one of the largest in the world.

• 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.

• A 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

Aramco energizes the world economy.

Aramco occupies a special position in the global energy industry. We are one of the world’s largest producers of hydrocarbon energy and chemicals, with among the lowest Upstream carbon intensities of any major producer.

With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco’s value to society.

Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a ’ spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom’s vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply.

We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.

Job Purpose

We are seeking a Credit Risk Analyst to join the credit team in its Credit & Market Analysis Division which is part of the Treasury organization. The main role of the division is to manage credit and market risks.

Your main responsibility will be to safeguard the company’s assets by performing quantitative and qualitative credit assessments of counterparties, propose appropriate credit risk mitigation strategies and provide recommendations to management. This position requires strict adherence to the company’s credit risk policy and operating procedures.

You will be also required to collaborate with other areas such as Operations, Sales, LAW, Contracting, among others. Therefore, it is essential to possess excellent interpersonal and communication skills in order to succeed in this role.

Key Responsibilities

As a successful candidate, you will perform the following:

• 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.

Minimum Requirements

As a successful candidate, you will have:

• A Bachelor’s degree in finance, economics, accounting, or a related field. MBA or other advanced business degree is .
• 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

Job Post Duration

Job posting start date: 07/01/2025

Job posting end date: 12/31/2025

Working environment

Our high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly.

At Aramco, our people work on truly world-scale projects, supported by investment in capital and technology that is second to none. And because, as a global energy company, we are faced with addressing some of the world’s biggest technical, logistical and environmental challenges, we invest heavily in talent development.

We have a proud history of educating and training our workforce over many decades. Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through our workforce development programs – one of the largest in the world.

As we continue to grow at Lendo, we’re looking for a Credit Risk Manager to strengthen the integrity of our lending process and ensure sound credit decisions. In this key role, you’ll evaluate client creditworthiness, assess risk across portfolios, and drive strategies to approve or reject loan requests with confidence and consistency.

Key Responsibilities:

• Assess the creditworthiness of potential borrowers through financial analysis, risk scoring, and due diligence.

• Recommend credit approvals or rejections to the Credit Committee with well-supported justifications.

• Ensure all credit activities and loan decisions comply with internal policies, regulatory guidelines, and Shariah principles.

• Monitor the health of the loan portfolio, identifying risk trends and proposing mitigation strategies.

• Generate reports and insights related to borrower performance, loan exposures, and credit portfolio quality.

• Support the broader Credit & Risk function with tasks related to loan origination, portfolio tracking, and borrower management as required.

Qualifications:

• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.

• 4–5 years of experience in a similar credit or risk-related role, preferably within the lending or FinTech space.

• Solid understanding of Invoice Financing products and how they function in a commercial lending context.

• Strong knowledge of KSA banking data and its application in credit assessment and decision-making.

• Familiarity with the KSA lending environment, including regulatory frameworks and market dynamics.

General Requirements:

• Excellent communication skills - fluent in Arabic & English is a must.

• Strong analytical mindset with the ability to interpret complex financial data.

• Detail-oriented and highly organized in a fast-paced environment.

• Strong interpersonal skills and the ability to collaborate across teams.

• Comfortable working under pressure and managing multiple priorities simultaneously.

Job Location: Riyadh, Saudi Arabia

Background

• 8 to 12 years of experience in bank model development or model validation
• Experience in responding to regulatory reviews and external/internal model validation and audits relating to credit risk models

Functional Expertise

• Credit risk model (credit loss forecasting including IFRS9, loan loss allowance)
• Experience in AI/ML modeling his highly desirable
• Managing of model validation teams
• Experience in regulatory reviews and communication with regulators and internal risk and audit committees.

Relevant Experience

The consultant will be collaborating with the model developers and owners to remediate and respond to findings per the Independent MRM group and internal model risk management policy

Engagements Summary

• Model documentations (model white paper and technical specification and data validations)
• Model risk assessment and model performance monitoring
• Model calibration and parameter estimation and other model enhancements
• Validation or experience in AI/ML models highly desirable

CreditRISK, IFRS9, loan loss allowance,modeldevelopment,model validation

The consultant will be collaborating with the model developers and owners to remediate and respond to findings per the Independent MRM group and internal model risk management policy

Engagements Summary

• Model documentations (model white paper and technical specification and data validations)
• Model risk assessment and model performance monitoring
• Model calibration and parameter estimation and other model enhancements

Validation or experience in AI/ML models highly desirable

Description:

Aramco energizes the world economy.

Aramco occupies a special position in the global energy industry. We are one of the world’s largest producers of hydrocarbon energy and chemicals, with among the lowest Upstream carbon intensities of any major producer.

With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco’s value to society.

Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a generations’ spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom’s vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply.

We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.

Job Purpose

We are seeking a Credit Risk Analyst to join the credit team in its Credit & Market Analysis Division which is part of the Treasury organization. The main role of the division is to manage credit and market risks.

Your main responsibility will be to safeguard the company’s assets by performing quantitative and qualitative credit assessments of counterparties, propose appropriate credit risk mitigation strategies and provide recommendations to management. This position requires strict adherence to the company’s credit risk policy and operating procedures.

You will be also required to collaborate with other areas such as Operations, Sales, LAW, Contracting, among others. Therefore, it is essential to possess excellent interpersonal and communication skills in order to succeed in this role.

Key Responsibilities

As a successful candidate, you will perform the following:

• 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.

Minimum Requirements

As a successful candidate, you will have:

• A 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

Certificates

Title : Assoc of Chartered Certified Accountant (ACCA)
Req./Pref. : Preferred
Comments-Nature of Cert./License Relations :
A leading international body providing certification in accounting and r

Title : Certified Financial Analyst (CFA)
Req./Pref. : Preferred
Comments-Nature of Cert./License Relations :
Certification in the areas of investment analysis, portfolio management

Title : Certified Internal Auditor (CIA)
Req./Pref. : Preferred
Comments-Nature of Cert./License Relations :
Certification in the areas of internal audit and practice

Title : Certified Management Accountant (CMA)
Req./Pref. : Preferred
Comments-Nature of Cert./License Relations :
Certification in the areas of management accounting, budgeting, and deci

Title : Certified Public Accountant (CPA)
Req./Pref. : Preferred
Comments-Nature of Cert./License Relations :
Certification in the area of financial accounting and reporting

Title : Saudi Org of Certified Public Accountant (SOCPA)
Req./Pref. : Preferred
Comments-Nature of Cert./License Relations :
Certification in the areas of accounting and auditing standards

Working environment

Our high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly.

At Aramco, our people work on truly world-scale projects, supported by investment in capital and technology that is second to none. And because, as a global energy company, we are faced with addressing some of the world’s biggest technical, logistical and environmental challenges, we invest heavily in talent development.

We have a proud history of educating and training our workforce over many decades. Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through our workforce development programs – one of the largest in the world.

Job ID: 15588

Tagged as: Financial Risk Management Dept