Senior Manager Special Assets Corporate

Job Overview

alrajhi bank is seeking a Senior Manager Special Assets Corporate to lead the strategic management of special assets within the corporate banking division in Riyadh, Saudi Arabia. This role is pivotal in mitigating risks, optimizing asset recovery, and contributing to the bank’s financial stability and growth.

Company Overview

Founded in 1957, Al Rajhi Bank is one of the largest Islamic banks in the world with total assets of SR 384 billion (US$ 102 billion), a paid up capital of SR 25 billion (US$ 6.66 billion) and an employee base of over 9,600 associates. With over 58 years of experience in banking and trading activities, the various individual establishments under the Al Rajhi name were merged into the umbrella ‘Al Rajhi trading and exchange corporation’ in 1978, and the bank was established as a Saudi shareholding company in 1988. Deeply rooted in Islamic banking principles, the Sharia-compliant banking group is instrumental in bridging the gap between modern financial demands and intrinsic values, whilst spearheading numerous industry standards and development. With an established base in Riyadh, Saudi Arabia, Al Rajhi Bank has a vast network of over 570 branches, over 152 dedicated ladies branches, more than 5,190 ATMs, 106,000 POS terminals installed with merchants, and the largest customer base of any bank in the Kingdom, in addition to 232 remittance centers across the kingdom.

Quick Details

• Salary Range: Market Competitive
• Job Type: Full-time
• Qualifications: Masters-degree
• Experience: 10 Year+

Key Responsibilities

• Develop and implement strategies for managing and recovering corporate special assets effectively.
• Oversee the analysis, valuation, and resolution of non-performing loans and distressed corporate accounts.
• Lead a team of asset managers, providing guidance, training, and performance evaluations.
• Collaborate with legal, risk, and other internal departments to ensure optimal asset recovery solutions.
• Monitor market trends and regulatory changes impacting special asset management.
• Prepare detailed reports and presentations for senior management on portfolio performance and strategies.

Requirements

• Master’s degree in Finance, Business Administration, or a related field.
• Minimum of 10 years of experience in special assets, corporate credit, or risk management within a banking environment.
• Proven leadership and team management skills with a track record of success.
• Strong analytical, negotiation, and problem-solving abilities.
• Excellent understanding of financial regulations, Sharia-compliant banking principles, and market practices.
• Exceptional communication and interpersonal skills.

Benefits

• Competitive salary and comprehensive benefits package.
• Opportunity to work with one of the largest Islamic banks globally.
• Significant career growth and professional development opportunities.
• Exposure to complex and high-impact financial strategies.
• A dynamic and supportive work environment in Riyadh, Saudi Arabia.
• Contribution to a leading institution deeply rooted in Islamic banking principles.