Head of Credit Approval

Job Title: Head of Credit Approval

Department: Credit Approval

Division: Credit and Risk

Report to: Chief Risk Officer

Location: BDB Head Quarter


  • The primary objective of the Head of Credit Approval is to identify, monitor and manage all credit related risks in relation to Bank operations in addition to act as the custodian and primary management of risk related policies, procedures and other governing documents. The incumbent should also ensure that individual credits are adequately underwritten, property graded and conform to policy/procedure/delated authority limits/regulations while complying with the mandated TATs.


  • Review and develop the Bank’s credit risk policies/procedures/charters and models as well as participate in ad hoc credit risk related projects.
  • Helping to develop the risk strategy and risk appetite of the Bank as it relates to credit risk and carry out annual refresh of such documents.
  • Credit risk rating model implementation and model validation along with annual review/refresh of such models.
  • Be aware of all applicable CBB regulations on credit risk and Conduct the following assessments:
  • CBB credit risk management related modules independent validation reports
  • Gap analysis for new CBB Regulations/Consultations
  • Credit Risk reporting to the Risk Executive Committee (REC), Board Risk Committee (BRC), complying with the mandated reporting frequency.
  • Help prepare quarterly and annual credit risk disclosures.
  • Monitoring and enhancement of risk appetite statement as it pertains to credit risk.
  • Provide support to other divisions (Banking, Operations, IT, Strategy, HR and Finance) on credit risk data and other risk related issues.
  • Conduct credit risk awareness trainings to ensure that the credit standards are well understood across the bank.
  • Attending to internal audit, external audit, CBB inspection queries.
  • Participation in quarterly CBB meetings on financial statements when required.
  • Managing Risk Executive Committee (REC), Board Risk Committee (BRC) and Board Investment & Credit Committee (BICC) meetings when required.
  • Perform risk review, evaluation, and credit approval for the following in compliance with the bank’s policies/procedures/delegated authority limits and applicable CBB regulations:
  • New credit proposals
  • Review and renewals
  • Restructures and reschedules
  • Compromise settlements
  • Bank limits
  • Postponements
  • Drawdowns
  • Other credit related requests
  • Review & update of credit delegated authority matrix.
  • Ensure that sound credit risk measurement and monitoring frameworks are developed, implemented and followed.
  • Own the credit risk related data within the bank.
  • Maintain oversight over the bank’s Credit Risk Portfolio and escalate emerging risks to the higher management.
  • Setting up of objective & clear credit evaluation and acceptance criteria.
  • Assess specific provision coverage on stage 3 accounts and recommend appropriate levels.
  • Lead all IFRS 9 related tasks, including but not limited to annual refresh, validation of models, reports etc.
  • Engage with the external stakeholders on credit risk (external auditor, rating agencies, MOFNE etc.)
  • Handle all credit risk related audits and inspections.
  • Any other tasks allocated by the CRO.
  • Implementation support for:
  • TCS Core banking solution
  • CLOS – Loan origination solution
  • CARE risk management solution (TCS)


  • Bachelors / Master’s degree


  • Professional credit/risk qualification is a bonus.

Years of experience

  • 8-10 Years of which minimum 8 years of experience should be in banking, the majority of which should be in a credit management function.

Job Specific Skills:

  • Extensive knowledge of credit risk management processes, practices and methodologies.
  • Familiarity with MS office and Credit Risk Rating Tools.
  • Knowledge of credit risk related regulations and best practices.
  • Knowledge of IFRS 9.

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Last Updated: 18 Sep 2023

Licensed by the Central Bank of Bahrain as a Conventional Retail Bank

Last Updated: 18 Sep 2023

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