Job Description

Company Description

Now it's your time to join the #1 bank in the Middle East and one of the most prestigious financial companies in the region. Shaking up the world of banking requires a lot of smarts and skill. We're looking for the brightest and best to help us reach our goals and we'll also help you reach yours. Your success is our success as you grow stronger in your career. Join us and leave a legacy of your own, as a pioneer in both the company and the industry.



JOB PURPOSE:

The purpose of the job is to approve or recommend credit applications in Consumer Banking Real Estate Portfolio (Mainly mixed-use residential buildings, residential property portfolios) across the UAE by determining whether the clients are eligible for financing and the requested credit facility is in line with the bank's risk appetite and Target Market Risk Acceptance Criteria (TM-RAC).

KEY ACCOUNTABILITIES:

Generic Accountability

• Ensure that appropriate Target Market Risk Acceptance Criteria, Product program parameters and Group Credit Policy guidelines are followed as part of credit approval process.
• To guide team of credit analysts on structuring of Credit facilities to ensure that all deals are reviewed in a sound and robust manner and obtain/provide appropriate approvals. Advises team on the risk factors associated with complex transactions, and the clauses imperative in mitigating these.
• Provide ongoing feedback and expert inputs into the process and deal structures intermittently and as required based on Bank Risk Appetite for products/ industry / sector / geography etc.
• Ensure timely availability of required information to senior management for credit and strategic decision making.
• Ensure accuracy of data being presented to various stakeholders including senior management
• Recommend amendments to the Bank's credit policy, procedures, credit memorandums, risk criteria etc. based on lending experience and market expediencies ensuring it is aligned with overall Bank's risk strategy & policy.
• Ensure satisfactory rating in audits through proactive actions and ensure all recommendations are implemented.
• To coordinate with other departments of the bank (e.g. CAD, Legal, Audit , Risk, Finance, Operations etc.) on various Credit and allied issues.
• To coordinate with IT and projects team and be part of initiatives on new technologies/systems that are launched from time to time to improve the productivity and efficiency of the Credit function of the bank.

Job Specific Accountabilities

• To Guide the team of credit analysts in preparing of comprehensive credit papers clearly outlining key risks, mitigations and recommendation for presentation to Credit Committee for prospective and existing clients under assigned portfolio.
• Engage with the stakeholders in Business from Elite Channel/ Product Team/Sales & Distribution/Branches to steer the credit portfolio of the business segment in line with the Bank's strategic and risk guidelines.
• Ensure credit processing & approval turnaround times as per agreed SLAs.
• Participate in (large, complex) client relationships through client visits / conference calls as part of transaction initiation and monitoring
• Monitor the credit quality of portfolio regularly and engage the senior management of business units regularly to ensure compliance with the approved framework.
• Deviations/Exceptions to Product Programs - Review, analysis, approval and/or escalation to senior management
• Develop credit MIS, review all credit related MIS on monthly basis and publish to all stakeholders.
• Monitor early warning indicators to identify potential problem accounts and liaise with Business Units for ensuring suitable action plans are in place to rectify the situation at an early stage.
• Providing advisory support on credit policies, lending process, documentations and guidance to business heads/units in managing credit risks, providing practical solutions.
• Contribute to enhancement of knowledge and expertise of other team members by participating in training and development initiatives.
• Maintain appropriate workload balance across the team of credit managers and officers.
• Mentoring the credit team members with the view to develop them for their career progression

Specific Accountability

The stated objective of the Bank in respect of Consumer Banking segments is to become the market leader in UAE and the region Clients, in this segment range from low income to High & Ultra High Net Worth Individuals.

Various Loan facilities are offered to diverse client groups in Consumer Banking. Accordingly the job holder is expected to demonstrate deep knowledge of products, industry, markets, financial statements so that he/she can work across all product groups and respond in a timely manner. Hence it is critical that the job holder, among other credit skills, is able to demonstrate the following:

• A thorough understanding of risks associated with different collateral types, valuation and monitoring processes
• Good understanding of documentation/legal requirements for different types of credit facilities
• Strong initiative and interactive approach to problem solving while displaying flexibility and independence in a demanding environment.

Although a member of the second line of defense, the job holder is expected to play a strong partnership role. He/She is expected to be solution oriented and requires out of the box thinking without seeking to dilute the high standards of credit.

Qualifications

Minimum Qualification

• Must have Bachelor's degree.
• Desirable: - Masters in Business Administration (MBA) or any other relevant finance degree, professional certification

Minimum Experience & Skill Set

• 15-20 years' relevant experience in the banking sector with at least 8-10 years in similar positions of progressively increasing managerial responsibilities in the Credit function.
• Expert knowledge of various credit products
• Ability to look into and beyond Personal Net Worth Statements/financials and see business proposition.
• Strong structuring skills
• Good understanding of legal and regulatory framework.
• Ability to work under pressure
• Demonstrated strong people management skills.
• Strong communication skills - written and spoken.