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Corporate Credit Manager
| Location: | Dubai, United Arab Emirates, Middle East |
|---|---|
| Job Type: | Permanent |
| Posted: | 19th Jul 2008 |
| Closing Date: | 16th Aug 2008 |
| Posted By: | International Management Consultants |
| Details: | |
| Corporate Credit Manager Job Purpose: To process / scrutinise credit applications (CAs) pertaining to small and medium sized exposures received from Marketing Units by reviewing various associated credit risks and mitigates and to approve credits within delegated credit approval discretion, or make suitable recommendations thereon for consideration of the appropriate approval authorities to ensure booking of profitable risk assets. Moreover, to ensure effective monitoring and initiate necessary remedial action wherever deemed necessary with a view to enhance / improve the overall risk quality of the Bank’s advances portfolio and minimise losses. Job Accountabilities and Responsibilities • Credit Review: In-depth analysis of credit proposals based on financial and non-financial parameters. Client calls, if necessary, to be made to add value to process. This function also includes review of individual daily transaction forwarded by unit via TT. • Credit Rating: Each credit to be graded independently based on assessment of parameters laid down in BOFRAS or such other risk rating system that has been implemented.. Ensure upgrading and downgrading exercise is conducted on an on-going basis in order to have a realistic measure of overall portfolio mix at any given point in time. • Credit Processing: Raise queries with marketing Units regarding the CAs and follow up with them for speedy response in order to ensure that the proposals are processed in an expeditious manner within the stipulated time-frame as per the Bank’s standard service level agreement guidelines / benchmark parameters. • Credit Support: Provide appropriate guidelines to the Relationship Managers to ensure that the proposals are structured / tailored in line with the Bank’s prevailing credit policy, Unit’s Asset Writing Strategy, and is also in compliance with the guidelines of the UAE Central Bank • Credit Recommendation: Where credit approval decisions are in excess of delegated financial powers, credit proposal is escalated to UHCR or a higher credit authority in the credit chain under cover of a formal memo detailing basis for recommending / not recommending the proposal. Same process is applicable to daily TT transactions. • Credit Approval: Within discretionary powers, wherever applicable, approve credits + transactions on merit and with responsibility. Each credit decision (both approval and declines) to carry a formal noting along with justification / reasons / basis. • Credit Administration: - Maintain a close watch on expiries and accounts pending activation. Covenant adherence based on semi-annual / annual accounts forwarded by unit to be monitored. Any condition required to be fulfilled post-approval to be diarised and followed-up. - Process Extracts of the CCC meetings covering proposals that have been cleared by the CCC, requiring approval of the Executive Committee and / or the Board of Directors for proposals that have been cleared by the Central Credit Committee - Ensure that Limit Advices covering the approved facilities are issued accurately in a timely manner - Process, Approve or Recommend the Transaction Tickets (TTs) initiated by the marketing Unit covering cash payments, clearing transactions and trade finance transactions - Follow up with marketing Units for early settlement of past dues, timely submission of CAs, perfection of charge documentation covering facilities that have already been approved but limits are pending activation by CCA. - Carry out periodic portfolio reviews to ensure a health and safety-check on the portfolio under job holders control. • Credit Monitoring: - Keep an eye out for past dues, excessive EOL occurrences, high return cheques in account, and then proactively work out remedial measures with unit & customer. Escalate credit to UHCR in case the situation warrants. In case of significantly deteriorated credits – maintain liaison with recovery department to assist in recovery efforts. - Propose changes to existing forms and design new forms for use by the Department and / or marketing Units with a view to improve processes - Visit clients jointly with the marketing Units for better understanding of their business - Draft circulars to improve communication on credit related matters / issues. - Propose changes to policy and procedural manuals to fit the changing environment and to ensure proactively that the Bank remains ahead of the game. - Conduct credit workshops with a view to provide training to Credit Dept staff, Credit Analysts and Relationship Officers. - Seek legal opinion from our legal advisors / lawyers wherever deemed necessary in co-ordination with Manager CCA - Recommend changes to the approval mechanism and / or credit policy / procedure, wherever deemed necessary, with a view to expedite the approval process and ensure fast turn around. - Complete tasks / projects assigned by the Unit Head Corporate Credit / HORM / GM from time to time. Education level Graduate Degree in Commerce or BBA with major in Finance or Banking Professional qualifications Certified Associate of the Chartered Institute of Bankers, London or equivalent Work Experience At least 9 years of all-round Banking experience including exposure to Credit, Operations and Trade Finance areas. Core experience of at least 3 to 6 years in Credit Dept is essential out of which preferably at least 2 years in one of the leading UAE / GCC based Banks. Exposure to marketing area will be an added advantage. Specialist Skills/Competencies Required for the Role • Good analytical skills in relation to credit area. • Good knowledge of the UAE and GCC market. • Ability to structure / modify credit facility packages bearing in mind the risk-reward scenario and also the • Bank’s risk appetite for the customer and / or sector. • Ability to identify early warning signals of potentially weak and non-performing accounts. • Ability to assist and advise the marketing Units to plan an appropriate exit strategy / work-out arrangement. | |
| Sorry! This job is no longer active as the closing date for applications has passed. You can view other vacancies from this company (if they have any) by clicking on their name above, alternatively we may have some suggestions for similar vacancies listed below that might be of interest. | |
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