Head of Credit Control Department

Abu Dhabi Islamic Bank; United Arab Emirates; On-site; AED 60,000 - 120,000; Full time

Job summary

A leading financial institution in the United Arab Emirates seeks a Head of Credit Control Department. The role involves managing credit control processes, ensuring compliance, and leading risk management initiatives. The ideal candidate should have over 15 years of banking experience, including a strong background in commercial facilities and Islamic finance. This position offers competitive compensation and is pivotal to the organization's risk strategy.

Qualifications

• Minimum 15 years of banking experience with 10+ years in commercial facilities documentation.
• Strong understanding of Islamic Commercial products.
• Experience in UAE banking sector.

Responsibilities

• Lead and manage the credit control function.
• Ensure compliance with internal and external guidelines.
• Streamline credit control processes for efficiency.

Skills

Leadership

Risk Management

Communication Skills

Analytical Skills

Education

Postgraduate studies in business and finance

Job description

Role: Head of Credit Control Department

Location: Abu Dhabi

Role purpose:

• Leading, overseeing and managing the credit control function while maintaining compliance with risk related guidelines, management of credit origination processes and systems within the risk appetite framework and risk strategy.
• Direct and administer the credit Control processes applicable to the Bank’s Corporate, Commercial, SME, International, Treasury and Private Banking Groups portfolios in terms of the prudent lending norms.
• Conduct credit administration within the parameters of local banking laws and regulations (UAE & overseas)
• Coordinate with ADIB group/subsidiaries and ensure that proper credit administration processes are in place across the group.
• Key contributors for establishing evolving risk culture and regulatory environment ADIB operates in.

Key accountabilities/responsibilities:

• Lead and manage the implementation of the Bank’s credit policies and procedures.
• Highlight areas of risk within the credit control operation and the portfolio in a timely manner and initiate necessary actions to address the risk.
• Streamline, reengineer and monitor the operational and Credit Control processes to enhance efficiency, control and optimize the utilization of resources.
• Contribute to infrastructure and process improvements and participate in the development of new products and improving the existing ones for interdependent ADIB Groups.
• Assist in structuring overseas offices credit control processes to clearly identify reporting lines and establish clear ownership and responsibilities.
• Launch cross organizational initiatives to create the necessary synergies to improve controls and enhance the credit decision making process.
• Support Business groups to deliver high quality and timely service while maintaining prudent controls in place.
• Ensure proper and timely implementation of internal and external regulatory authorities' recommendations/requirements.
• Coordinate and closely work with Legal and Sharia to ensure that facility documents and contractual agreements are in full compliance with the Bank's policies and sufficient to protect the interest of the organization.
• Assist in formulating risk mitigation plans and strategies.
• Manage audit and regulatory relationships.
• Manage periodic gap analysis to identify problematic areas that could preclude achieving compliance and determine the best course of action.
• Ensure that staff/stakeholders are provided with suitable awareness/training to assist in creation of risk aware culture that complies with Bank and regulatory requirements.
• As required, represent the Bank at regulators’ meetings on risk related matters.

Education and experience:

• Preferably with post graduate studies in business and finance related fields.
• A minimum of 15 years of banking experience of which 10+ years' experience in the area of commercial facilities documentation and operations.
• A proven track record of managing large number of employees.
• A thorough understanding of Islamic Commercial products and the implication of risks relating thereto with a proactive approach to problem solving.
• Understanding of UAE company laws and fair acquaintance with the legal issues attaching to commercial lending.
• Good understanding of technological issues with sound analytical ability and PC skills.
• Strong knowledge of all business segments including but not limited to Wholesale Banking, SME, Private Banking and Real Estate Financing.
• Experience of working in UAE.
• Effective communication skills and strong leadership skills.