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The Chief Credit Officer (CCO) is a senior-level executive responsible for overseeing and managing the credit risk of a financial institution. Their primary role is to ensure that the organization's credit policies and procedures are in line with regulatory requirements and industry best practices. The CCO is responsible for assessing and mitigating credit risks, developing and implementing credit risk management strategies, and monitoring the overall credit portfolio performance.
The CCO plays a crucial role in evaluating the creditworthiness of borrowers, determining appropriate credit limits, and establishing lending guidelines. They collaborate with various departments, including underwriting, loan administration, and collections, to ensure effective credit risk management throughout the organization. Additionally, the CCO provides guidance and recommendations to senior management and the board of directors regarding credit risk exposure and potential impacts on the institution's financial health.
Estimated Yearly Salary: 301,648 SAR
Estimated Monthly Salary: 25,137 SAR
Estimated Weekly Salary: 5,801 SAR per week
Estimated Hourly Salary: 145 SAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 24,259 SAR
Estimated Weekly Salary: 5,598 SAR per week
Estimated Hourly Salary: 140 SAR per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 75,333 USD
Estimated Monthly Salary: 6,278 USD
Estimated Weekly Salary: 1,449 USD per week
Estimated Hourly Salary: 36 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 301,648 SAR
Estimated Monthly Salary: 25,137 SAR
Estimated Weekly Salary: 5,801 SAR per week
Estimated Hourly Salary: 145 SAR per hour
By working as Chief Credit Officer a person can save up to 5,174 USD per month or 62,090 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Saudi Arabia, see costs of living in Saudi Arabia.
Estimated Yearly Salary for Chief Credit Officer
United Arab Emirates is 134,012 USD 78%
Details on Chief Credit Officer salary in United Arab Emirates Last revision of data: 2025-01-04
Data as of 2025
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Water operator (77,175 SAR per year, pre-tax.)
Chief Credit Officer salary in Saudi Arabia
Average Yearly Salary of Chief Credit Officer in Saudi Arabia is approximately 301,648 SAR (75,333 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Chief Credit Officer do?
The Chief Credit Officer (CCO) is a senior-level executive responsible for overseeing and managing the credit risk of a financial institution. Their primary role is to ensure that the organization's credit policies and procedures are in line with regulatory requirements and industry best practices. The CCO is responsible for assessing and mitigating credit risks, developing and implementing credit risk management strategies, and monitoring the overall credit portfolio performance.
The CCO plays a crucial role in evaluating the creditworthiness of borrowers, determining appropriate credit limits, and establishing lending guidelines. They collaborate with various departments, including underwriting, loan administration, and collections, to ensure effective credit risk management throughout the organization. Additionally, the CCO provides guidance and recommendations to senior management and the board of directors regarding credit risk exposure and potential impacts on the institution's financial health.
Skills: Chief Credit Officer, Credit Risk Management, Credit Portfolio, Regulatory Compliance, Creditworthiness Assessment, Credit Risk Mitigation.
Job industry: Banking or financial services
Job industry: Banking or financial services
How much does Chief Credit Officer make?
Salary details
How much does Chief Credit Officer make?Estimated Yearly Salary: 301,648 SAR
Estimated Monthly Salary: 25,137 SAR
Estimated Weekly Salary: 5,801 SAR per week
Estimated Hourly Salary: 145 SAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 291,108 SAREstimated Monthly Salary: 24,259 SAR
Estimated Weekly Salary: 5,598 SAR per week
Estimated Hourly Salary: 140 SAR per hour
Last revision of data: 2024-01-05Chief Credit Officer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 75,333 USD
Estimated Monthly Salary: 6,278 USD
Estimated Weekly Salary: 1,449 USD per week
Estimated Hourly Salary: 36 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Saudi Arabia, officially known as the Kingdom of Saudi Arabia, is a country located in the Middle East. With a population of approximately 34 million people, it is the 40th most populous country in the world. The nation covers an area of about 2.15 million square kilometers, making it the 13th largest country globally. Saudi Arabia is bordered by Jordan and Iraq to the north, Kuwait to the northeast, Qatar, Bahrain, and the United Arab Emirates to the east, Oman to the southeast, and Yemen to the south.
Estimated national average yearly salary is 103,462 SAR (27,590 USD). Value indicated is pre-tax. Below graph shows estimated Chief Credit Officer job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Chief Credit Officer in Saudi Arabia earns on average:
2.92 times the average salary (or 292% of average salary).
Estimated national average yearly salary is 103,462 SAR (27,590 USD). Value indicated is pre-tax. Below graph shows estimated Chief Credit Officer job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Chief Credit Officer in Saudi Arabia earns on average:
2.92 times the average salary (or 292% of average salary).
Is Chief Credit Officer a well paid job?
Yes, our data show that Chief Credit Officer is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Chief Credit Officer?
High salary for Chief Credit Officer would be somewhere between 331,813 SAR and 437,390 SAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Chief Credit Officer in Saudi Arabia?
Living in Saudi Arabia the approximate monthly expenses are: 1,104 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 301,648 SAR
Estimated Monthly Salary: 25,137 SAR
Estimated Weekly Salary: 5,801 SAR per week
Estimated Hourly Salary: 145 SAR per hour
By working as Chief Credit Officer a person can save up to 5,174 USD per month or 62,090 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Saudi Arabia, see costs of living in Saudi Arabia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Jordan, Iraq, Kuwait, Qatar, Bahrain, United Arab Emirates, Oman, Yemen. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Chief Credit Officer
Jordan is 25,883 USD
Iraq is 16,424 USD
Kuwait is 36,484 USD
Qatar is 193,086 USD
Bahrain is 48,686 USDUnited Arab Emirates is 134,012 USD 78%Details on Chief Credit Officer salary in United Arab Emirates
Oman is 24,837 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Saudi Arabia
(1,155,796 SAR per year, pre-tax.)
2. Cardiologist
(962,048 SAR per year, pre-tax.)
(923,476 SAR per year, pre-tax.)
4. Neurosurgeon
(900,367 SAR per year, pre-tax.)
(897,041 SAR per year, pre-tax.)
(877,388 SAR per year, pre-tax.)
(874,133 SAR per year, pre-tax.)
(873,498 SAR per year, pre-tax.)
9. Urologist
(873,306 SAR per year, pre-tax.)
(872,951 SAR per year, pre-tax.)
Data as of 2025Random salary:
Financial advisor assistant (79,665 SAR per year, pre-tax.)
Design engineer (147,960 SAR per year, pre-tax.)
Intellectual property (ip), paralegal (111,532 SAR per year, pre-tax.)
Machine assembler (77,283 SAR per year, pre-tax.)
Water operator (77,175 SAR per year, pre-tax.)
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