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Wholesale loans Operations Assistant Manager

Khobar, Saudi Arabia Posted 2024/01/21 06:08:14 Expires 2024-02-16 Ref: JB1100043812

Job Description



  • Manage the daily operations of wholesale loan processing that include data entry on the system, reviewing and verifying data (document checking), while ensuring compliance with Bank policies & procedures and Central Bank rules & regulations



  • Review all loan applications received from wholesale (loan amount, term, credit review, approvals etc.), monitor discrepancies and inform relationship managers on identified irregularities during verification



  • Monitor, review, and revise company enrolments/limits as per risk management guidelines



  • Ensure that approved credit portfolio is as per the established policy & procedural guidelines, and loans are of acceptable credit standards



  • Process/supervise deal tickets for timely disbursement. Review performed transactions and executed deals and ensures compliance with Bank and Central Bank regulations to minimize exposure to risk and to safeguard the bank against financial loss.



  • Perform the reconciliation of financial bookings to identify and resolve account differences



  • Process instructions from business regarding settlements or extension requests and follow-up with the respective departments on any gaps



  • Ensure all documents related various transactions are filed (hard/soft copy) and archived. Follow document retention and disposal procedures, ensuring minimal discrepancies and loss of information



  • Participate in audit and follow up all audit issues under the purview to ensure that it is adequately addressed and closed as per agreed upon timetable



  • Prepare/generate statistical and management reports such as (periodic statistics on loans, defaults) according to prescribed schedules so that all relevant parties are assured of the integrity of transactions and to facilitate decision making. Record and report balancing of accounts on a periodic basis



  • Follow all service quality policies and guidelines, SLA’s and communicate internal/external complaints to supervisor so they remain up to date with complaints, service quality level and operations processing issues



  • Work towards improving processing cycle time and service levels for all types of activities by identifying and recommending changes to prevailing processes



Ensure all loan operations policies and bank guidelines are complied with, conform to risk policies and procedures,  Basel framework and AML policies to ensure regulatory compliance




  • In depth knowledge of wholesale products and operations



  • Thorough knowledge of Central Bank and other applicable rules and regulations



  • Thorough understanding of managing risks in loan operations



Must be adept in use of MS Office 2000 or later, particularly Excel and Word, and Internet and email

Job Details

Job Location Khobar, Saudi Arabia
Job Role Accounting/Banking/Finance
Employment Type Direct Employee
Number of Vacancies 1

Preferred Candidate

Career Level Entry Level

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