AVP & Lead- Documentation CMB & PL AUH & DXB

First Abu Dhabi Bank; Abu Dhabi; On-site; AED 200,000 - 300,000; Full time

Job summary

A leading bank in the UAE is seeking an AVP & Lead for Documentation. This role involves preparing and vetting credit facility documents, ensuring compliance and authenticity of security documents, and managing other documentation tasks. The ideal candidate should have a Bachelor's degree in Accounting/Finance and at least 8 years of relevant experience in Corporate Banking, with strong knowledge of banking software and U.A.E. regulations.

Qualifications

• 8-10 years’ experience in Corporate Banking.
• At least 8 years’ experience in the Corporate CAD function.

Responsibilities

• Prepare and vet documentation related to credit facilities.
• Review in-house Bank standard Facility Offer Letter.
• Ensure execution and authenticity of security documents.
• Rectify discrepancies in security documentation.
• Integrate accurate internal reporting.

Skills

Banking software systems

MS Excel

MS Word

English (written and spoken)

Bank's financial system

Banking Products / Corporate Credit Administration

U.A.E. legal environment & Central Bank regulations

Teamwork

Ability to work under pressure

Attention to details

Education

Bachelor’s Degree in Accounting / Finance

Job description

Overview

ROLE PURPOSE :

The role is responsible for preparation and vetting of documentation relating to credit facilities and accurate detailing before inputting the same into the Bank’s system. Further, he / she is responsible for ensuring the enforceability / authenticity of the security documents executed by the customers

Key Responsibilities

• Reviewing the prepared in-house Bank standard Facility Offer Letter / Term Loan Agreement, internal legal negotiated Facility Offer Letter / Term Loan Agreement, security / support documentation in accordance with the credit approvals.
• Ensuring all security / support documents lodged for in-house documentation have been properly executed and signatures are verified, and authenticities of the signatories are supported by resolution / POA.
• Ensuring rectification of existing discrepancies / deficiencies in security documentation for facilities released under legacy records.
• Ensuring approval from relevant authorities is held for deferral / waiver of incomplete documents.
• Ensuring integrating accurate and timely internal reporting and regulatory reporting. ROLE DETAILS Functional title : AVP & Lead, Documentation No. of Direct Reports : 0 Corporate Title : AVP & Team Leader Documentation (Commercial Banking & Program Lending) No. of Total Reports : 0 Grade : C Location : Group Function : Evaluated on : Sub Department : Credit Administration Dept. Reports To / Line Manager : Head of Documentation Unit Head of CAD Group Head of Documentation Unit AVP & Team Leader Documentation (Commercial Banking & Program Lending) Classification : Private\FAB HR_Staff data
• Reviewing documentation deficiency (expired / deferred documents) reports and following up for its timely submission / renewal.
• Ensuring updation of collateral data in the Bank’s system.
• Ensuring periodical clean-up of old and obsolete security documents to keep updated / valid security documents in the security folder.
• Verifying and confirming periodically at the renewal of credit line, all required security / support documents are physically held in safe custody.
• Authorizing security documents / collaterals in the Bank’s system.
• Reviewing / verifying approvals obtained for permanent release of collaterals, security documentation and ensuring there are no liabilities or outstanding and facilities are cancelled.
• Supporting in creation / release / amendments of securities / mortgages / charges / registrations with local government authorities and free zone authorities in various Emirates as per Bank’s POA holders.
• Reviewing and checking on daily basis all the lodged documents in Bank’s system to ensure 100% accuracy.
• Reviewing and signing all the memos / letters related to cash dividends, Credit Information Report and EMCR.
• Handling other projects assigned in a timely manner in addition to the BAU functions.
• Distributing work among team members and also ensure smooth flow of day-to-day transactions.

Qualifications

Knowledge & Experience :

• Bachelor’s Degree in Accounting / Finance. 8-10 years’ experience in Corporate Banking with at least 8 years’ experience in the Corporate CAD function.

Skills :

• Knowledge and use of banking software systems, basic PC skills and common MS applications like Excel and Word.
• Good knowledge of English language (both written and spoken).
• Good knowledge of Bank's financial system.
• Very good knowledge of Banking Products / Corporate Credit Administration functions.
• Good knowledge of U.A.E. legal environment & Central Bank regulations.
• Team worker, ability to work under pressure, fast learner, attention to details