- Job Purpose:
- Release the facilities on system and ensuring that all terms & conditions have been complied upon facility utilization
- Reporting any shortage, excess or any irregular incidents properly.
- Meet the CBE requirements in terms of utilization and facility monitoring to ensure no single transaction on facility accounts posted without Credit Control approval
- Monitoring expired limits and freeze facilities in case limits expired or fully utilized
- Accuracy and punctuality of the executed transactions
- KEY RESULT AREAS:
- Review/scrutinize the Credit Sanction/CP.
- Ensure limits have been approved within the delegated authority as per CPM; otherwise refer for approval from competent authority.
- Administering the day to day activities and operations of the department.
- Monitoring the value of collateral and expiry date e.g. stocks and shares, mortgages & inventory statements on a regular basis, to ensure that any shortfall in security is immediately recognized and report the same to the Relationship Managers to address it.
- Approving/Monitor utilization of limits to ensure compliance with the terms and conditions of approval, so that no unauthorized disbursements are made from any delivery Centre.
- Ensure timely generation of the various reports emanating from the line card database, to facilitate the monitoring / tracking process of the credit portfolio of any collateral or excesses or other exceptions.
- Prepare & timely dispatch all required reports to Country Manager, RMs, HO CRM & RRD, UAE Central Bank, and CBE including:
- Monthly Exception Report
- Statement of expired lines
- Statements of progress in classified accounts
- CBE monthly limits & OR
- UAE Central Bank Returns
- UAE Collateral monthly report
- Ensure that interest & commissions are properly calculated/collected in accordance with approved tariff & that penal interest is levied in case of overdue loans & TOD.
- Ensure updating of customers risk rating properly and reported the same
- Ensure updating of customers risk rating properly and reported the same
- Ensure applying the Risk Control Self Assesment rols in term of proper reporting of risk and incidents with corrective action plan.
- KNOWLEDGE, SKILLS & EXPERIENCE:
- 3-5 years of related banking experience in credit admin, loan documentation and banking operations.
- Good understanding of local banking laws and working knowledge of legal issues pertaining to commercial lending is a must.
- Familiar with the use of technology in Credit operations & control and the stipulation of user requirements for the development of software.
JD Attached
JD Attached
The leading financial institution in MENA
While more than half a century old, we proudly think like a challenger, startup, and innovator
in banking and finance, powered by a diverse and dynamic team who put customers first.
Together, we pioneer key innovations and developments in banking and financial services.
Our mandate To help customers find their way to Rise Every Day, partnering with them through
the highs and lows to help them reach their goals and unlock their unique vision of success.
Delivering superior service to clients by leading with innovation, treating colleagues with dignity and fairness while pursuing opportunities that grow shareholders value.
We actively contribute to the community through responsible banking in our mission to inspire more people to Rise.
