About the Role
This position is pivotal in ensuring quality asset management within the Credit Middle Office. The successful candidate will ensure compliance with the Bank's policies and UAE regulations while managing the documentation processes associated with credit facilities, including both conventional and Islamic accounts. You will play a crucial role in mitigating credit and legal risks by ensuring that all facility documents are accurate, timely, and compliant with statutory requirements.
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Roles and Responsibilities
Ensure Quality Asset Management by:
- Ensuring strict adherence to Credit Middle Office policies, procedures, and UAE regulations related to collaterals and documentation legality in collaboration with the legal department.
- Reviewing and drafting facility offer letters/loan agreements based on approved Credit applications, following the Standard Operating Procedures (SOPs) for all Wholesale Banking credit facilities. This includes management of New To Bank (NTB), renewal, and amendment requests.
- Finalizing facility offer letters, loan documentation, collateral documentation, and other required documents while covering all legal aspects.
- Conducting fit to lend checks in accordance with documentation procedures and ensuring that all collateral documentation, including mortgages, is properly executed and aligned with credit approvals.
- Communicating approved deferrals to the CMO limits and collateral management unit for tracking and ensuring timely follow-up on the clearance of deferrals and deficient documents to maintain perfected facility documentation. Keeping management updated on status and actions taken as required.
- Overseeing the timely lodgement and safekeeping of facility documentation, ensuring vault operations comply with the safekeeping policy outlined in the documentation SOP.
- Performing periodic inspections of tangible collateral, ensuring that the bank's liens are registered with respective authorities per statutory requirements.
- Requiring all necessary approvals prior to authorizing the release of original documents/securities.
- Leading the team to achieve quality outcomes and minimize potential losses while monitoring team workflow efficiency to ensure timely document preparation and execution within agreed turnaround times as specified in service level agreements (SLAs).
- Conducting constant reviews of day-to-day team functions to ensure activities align with established policies and procedures.
In General:
- Managing and developing team skills, providing necessary training, empowering, and motivating staff to meet team and individual objectives.
- Measuring and monitoring standard processing times and transaction volumes, implementing productivity improvements through benchmarking.
- Maintaining KPIs and balanced scorecards for staff, recognizing high performers appropriately.
- Prioritizing and allocating daily work for officers and senior staff to ensure timely process completion and support departmental objectives.
- Ensuring completion and submission of all related Management Information System (MIS) reports (SLA, TAT, activity report, transaction report, operations risk, internal control checklist, etc.) within specified timelines.
Requirements
QUALIFICATIONS
- Bachelor’s degree, preferably in Finance.
- Proficiency in MS Office, particularly Word, Excel, and spreadsheets.
- Strong understanding of core banking systems and other satellite systems.
EXPERIENCE
- Minimum of 3 years of work experience in the banking sector, with at least 3 years in credit documentation.
- Comprehensive knowledge of corporate credit processes.
SKILLS
- Excellent verbal and written communication skills in English.
- Strong report writing abilities.
- Good understanding of legal and statutory banking requirements.
- Proficient in business software applications, especially Word, Excel, and spreadsheets.
COMPETENCIES
- Strong leadership and team management qualities.
- Effective planning, organizing, and decision-making skills.
- Solid analytical thinking and problem-solving capabilities.
- Commitment to quality and the development of team members.
- High-level commitment to work and organizational values.
