Emiratization -Finance Manager | Al Futtaim Finance PV JSC | Automotive

Job Requisition ID: 169634

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.

By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day

Overview of the role:

We are looking for a highly skilled and principled Credit Risk Manager to anchor the independent Credit Risk Management Function within the Risk Management Department of AFF. This role is responsible for drafting, owning, and maintaining credit risk policies and standard operating procedures (SOPs), and for conducting independent reviews of credit underwriting and portfolio monitoring. The incumbent will provide second-line oversight of credit risk exposures, ensuring alignment with the AFF’s risk appetite, while maintaining full independence from credit decision-making processes.

What you will do:

• Independent Oversight and Risk Safeguarding
• Act as an independent check on the credit underwriting process to ensure compliance with the AFF’s risk appetite and credit policies.
• Monitor and manage the credit portfolio to identify emerging risks, exceptions, and early warning signals.
• Flag concerns to senior management and relevant committees where credit proposals or exposures deviate from the AFF's approved risk framework.
• Ensure the AFF is protected from acquiring credit risk that is inconsistent with its policies or could threaten its financial stability
• Credit Risk Policy & SOP Ownership
• Develop, document, and update the Credit Risk Policy Framework and related SOPs.
• Translate regulatory and board-level risk appetite into actionable policies and procedures.
• Define and enforce systems, controls, and metrics for ongoing monitoring and reporting of credit risk across the credit lifecycle—from origination to resolution
• Credit Risk Management Function – Powers & ResponsibilitiesThe Credit Risk Manager will be empowered to:
• Own the credit risk policy and framework of the AFF.
• Define and implement procedures, controls, and systems for managing and reporting credit risk exposures.
• Ensure that credit risk is accurately identified, measured, mitigated, and remains within approved risk appetite limits.
• Conduct thorough reviews of material defaulted credit facilities, including provisioning assessments, discounted future cash flow analysis, and collateral eligibility.
• Ensure that credit risk capital and provisioning metrics correctly reflect the risk profile of all material credit facilities
• Reporting & Governance
• Provide regular credit risk portfolio updates to Senior Management, Board, or Board Committees as per agreed timelines or when significant changes arise.
• Attend Credit Committee meetings as a non-voting member, with full access to information regarding new credit proposals, renewals, and amendments.
  
  

Ensure that all credit risk decisions and frameworks remain aligned with regulatory requirements and industry best practices

Required Skills to be successful:

Experience:

• Minimum 6–10 years of experience in credit risk management, preferably within a Bank or regulated financial institution.
• Demonstrated experience in policy writing, SOP development, and credit portfolio monitoring
  
  

Skills:

• Deep understanding of credit risk governance, underwriting standards, risk appetite frameworks, and regulatory requirements.
• Strong analytical skills with the ability to interpret risk metrics and financial models.
• Excellent communication, documentation, and stakeholder management skills.
• High ethical standards and ability to maintain independence while constructively challenging risk-taking decision
  
  

What equips you for the role:

• Master’s Degree in Finance, Risk Management, Business Administration, or a related field.
• Professional certifications such as FRM, CFA, or PRM are preferred.
  
  

About Al-Futtaim Automotive

A major division of the UAE-based Al-Futtaim Group of companies, Al-Futtaim Automotive is an industry leader with presence in 10 countries across the Middle East, Asia and Africa.

Our core business activities at Al-Futtaim Automotive include distribution, manufacturing, leasing and aftersales, and we are firmly established as the regional representative of some of the world’s most iconic automotive brands: Toyota, Lexus, Honda, Jeep, Chrysler, Dodge, Volvo and RAM.

We are driven by a customer-centric approach, constantly pushing the boundaries on innovation, quality standards, and value-added service across our vast universe of customers - right from motoring enthusiasts to fleet operators to contractors. Our mission is to become the leader in custom-made mobility solutions by delivering nothing less than world-class omni-channel experiences.

We channel our local expertise and global trust to deliver one of the most comprehensive portfolios of mobility products and solutions, from passenger cars to SUVs, electric vehicles to high-performance motorbikes, commercial vehicles to industrial & construction equipment.

What keeps the company moving forward is a 9000-member strong team, with inspiring possibilities for growth, throughout the career path. This is Al-Futtaim Automotive and we empower talent to move forward.