National Finance House Company is a Closed Joint Stock Company licensed by the Central Bank of Saudi Arabia that conducts financing activities in accordance with Shariah regulations. The company was established in Jeddah in 2021 with a capital of 100 million Saudi riyals. In June 2021, the company obtained a license from the Central Bank of Saudi Arabia to engage in the activity of financial leasing, consumer financing and financing for small and medium-sized companies. By participating in the development of a diversified and effective financial sector that supports the development of the Saudi economy.

Accountabilities:

1- communicate risk policies and processes for an organisation. They provide hands-on development of risk models involving market, credit and operational risk, assure controls are operating effectively, and provide research and analytical support.

2- · Conduct assessments to define and analyze possible risks

3- · Audit processes and procedures

4- · Develop risk management controls and systems

5- · Design processes to eliminate or mitigate potential risks

6- · Create contingency plans to manage crises

7- · Evaluate existing policies and procedures to find weaknesses

8- · Prepare reports and present recommendations

9- · Help implement solutions and plans

10- · Evaluate employees’ risk awareness and train them when necessary

11- Preservation of high standards of credit risk assessment and appraisal in line with company credit policy, standards, risk appetite guidelines and related procedures

12- Portfolio management, monitoring and House Keeping: On-going monitoring of the designated portfolios through external and internal resources and to ensure that corrective actions are taken in a timely manner.

13- Detection of early warning indicators/signals in the assigned portfolio together with follow up with business to propose remedy of the situation. Escalate such issues to the GM for further rectification.

14- Full participation in ad-hoc requests for internal, regulatory and external consumption.

15- Team Cooperation within CRD and other departments - willing to contribute and share for the success of the team and assume responsibility.

16- Performing a credit risk assessment: Analyzing current risks and identifying potential risks that are affecting the company and propose solutions to close gaps to avoid any operational or credit risks.

17- Reviewing the overall company policies & procedures and validate actual implementation.