About the Role
The primary purpose of this role is to manage the custody function of all original borrowing documentation stationed in the UAE. This involves preserving and maintaining borrowing and related documents in a secure vault, overseeing the "Dual Custody" process for documentation, and controlling the security creation process with regulators while representing the company. The role also includes managing and distributing credit approvals, accurately filing all borrowing documents in physical and digital formats, and providing support for documentation verification and control processes.
Ready to apply for roles like this?
Unlock the company name and direct application link. Subscribers get instant access to fresh jobs across Dubai, Abu Dhabi and Riyadh, many with visa support.
Unlock employer & apply directly
Key Responsibilities
- Ensure all borrowing and related documents are physically lodged in the vault under the "Dual Custody" of designated custodians from the Documentation Unit and manage the dual control procedure.
- Represent the company at government regulators for the creation of collaterals for borrowing exposures.
- Manage and initiate collateral creation and release processes for borrowing exposures.
- Distribute credit approvals in a timely and accurate manner.
- Review documentation lodgment sheets (digital/physical) to ensure all documents have been received as per the specified sheets.
- Ensure documentation lodgments are signed off/authenticated by the appropriate official.
- Accurately file accepted documents digitally and physically in respective customer folders in the digital filing system.
- Maintain a comprehensive listing of all documents received related to borrowing clients in the digital filing system, updating for expiry/deferral or any discrepancies, and follow up until resolution.
- Ensure all necessary approvals are obtained prior to the release of borrowing and related documents.
- Update systems and related records for documents released from the vault.
- Adhere to all necessary standard operating procedures.
- Generate timely and accurate management information reports from databases maintained at the Unit.
- Keep the Risk and Control Self-Assessment (RCSA) up to date for the relevant work area.
- Address relevant audit actions in a timely and accurate manner.
- Maintain a satisfactory audit rating.
- Uphold accurate data management functionalities related to the Corporate Documentation Unit.
- Complete special assignments and projects related to Corporate Documentation within acceptable timelines.
- Handle relevant system testing when the Corporate Documentation unit implements new systems and enhancements.
- Implement digitalization and artificial intelligence-related initiatives set forth by the company in this area of work.
