Sr. Manager - Credit

National Bank of Fujairah; Fujairah City; On-site; AED 150,000 - 200,000; Full time

Job summary

A financial institution in Fujairah seeks an experienced banking professional to manage credit reviews and approvals. The ideal candidate will have 6 to 9 years' banking experience, particularly in Credit, with a graduate degree in Finance or Banking. Responsibilities include analyzing credit proposals, monitoring portfolios, and collaborating with Relationship Managers to ensure compliance with bank policies.

Qualifications

• At least 6 to 9 years of banking experience including exposure to Credit, Operations, and Trade Finance.
• Core experience of at least 3 to 6 years in Credit Department is essential.
• Preferably at least 2 years in leading UAE/GCC-based banks.

Responsibilities

• In-depth analysis of credit proposals based on financial and non-financial parameters.
• Daily review of credit monitoring reports.
• Interact with Relationship Managers to align proposals with bank policy.

Skills

Credit Evaluation and Analysis

Verification and Structuring

Control and Monitoring

Communication

Results Orientation

Education

Graduate Degree in Commerce or BBA with major in Finance or Banking

Certified Associate of the Chartered Institute of Bankers, London or equivalent

Job description

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Key Accountabilities

• Credit Review: In-depth analysis of credit proposals based on financial and non-financial parameters. Client calls, if necessary, to add value to the process. Review of individual daily transactions forwarded by unit via TT/e-mails. To be turnaround within the time set within the SLA.
• Credit Rating: Each credit to be graded independently based on assessment of parameters laid down within the Bank’s credit grading system. Ensure upgrading and downgrading exercises are conducted on an ongoing basis to have a realistic measure of overall portfolio mix at any given point in time.
• Credit Processing: Raise queries with Business Units regarding the CAs and follow up for speedy responses to ensure proposals are processed in an expeditious manner within the stipulated time-frame as per the Bank’s standard service level agreement guidelines/benchmark parameters.
• Credit Support: Provide appropriate guidelines to the Relationship Managers and other staff to ensure that proposals are structured/tailored in line with the Bank’s prevailing credit policy and credit risk appetite and are in compliance with UAE Central Bank guidelines.
• Credit Recommendation: Where credit approval decisions exceed delegated financial powers, escalate the credit proposal to the appropriate higher credit authority with a recommendation for supporting/not recommending the proposal. This process applies to daily TT/e-mail transactions initiated by the Business Units (cash payments, clearing transactions and trade finance transactions).
• Credit Approval: Within discretionary powers, approve credits and transactions on merit and with responsibility. Each credit decision (approval or decline) to include formal noting with justification/reasons/basis. Process extracts of CCC meetings covering proposals cleared by the CCC requiring approval of the Executive Committee and/or Board of Directors for proposals cleared by the Central Credit Committee. Discretionary authority for approvals within own discretion jointly with SMC up to AED 15m.

Other Accountabilities

• Credit Control and Monitoring: Daily review of the Overdraft Excess Report and the Overdraft Without Limit Report and other regular monitoring reports. Routinely review accounts for past dues, excessive EOL occurrences, high return cheques, and proactively implement remedial measures with the unit and customer. Escalate credit to Manager when warranted. In case of significantly deteriorated credits, liaise with recovery/legal departments to assist in recovery efforts.
• Propose changes to existing forms and design new forms for use by the Department and/or marketing Units to improve processes.
• Visit clients jointly with the marketing Units for a better understanding of their business.
• Propose changes to policy and procedural manuals to fit the changing environment and ensure the Bank stays ahead. This may involve drafting circulars to improve communication on credit matters/issues.
• Conduct credit workshops to train Credit Dept staff, Credit Analysts, and Relationship Officers.
• Seek legal opinion from legal advisors in coordination with the Remedial Unit where deemed necessary.
• Recommend changes to the approval mechanism and/or credit policy/procedure to expedite the approval process and ensure fast turnaround.
• Complete tasks/projects assigned by the SMC/HOC from time to time.
• Maintain close watch on customers where limit renewal is late or where limits are agreed but not activated. Monitor covenant adherence based on semi-annual/annual accounts provided by the unit, with follow-up on conditions post-approval as appropriate.
• Ensure Limit Advices covering the approved facilities are issued accurately and timely.
• Follow up with Business Units for timely submission of CAs and perfection of charge documentation for facilities that have been approved but limits are pending activation by the DU.
• Carry out periodic portfolio reviews to ensure portfolio health and safety.

Job Context

Education

Graduate Degree in Commerce or BBA with major in Finance or Banking

Experience and Skills

Certified Associate of the Chartered Institute of Bankers, London or equivalent

Work Experience

At least 6 to 9 years of all-round banking experience including exposure to Credit, Operations and Trade Finance. Core experience of at least 3 to 6 years in Credit Dept is essential, with preferably at least 2 years in one of the leading UAE/GCC-based banks. Exposure to marketing is an added advantage.

Credit Evaluation and Analysis - Credit - Advanced

Verification and Structuring-Credit-Proficient

Control and Monitoring- Credit- Proficient

Accounting and Financial Analysis-Credit-Advanced

Credit Policies and Compliance-Credit-Advanced

Recovery Strategy and Management- Credit-Basic

Legal Knowledge-Credit-Basic

Evaluating and Solving Challenges - Advanced

Empowering and developing self and others - Advanced

Communication - Advanced

Results Orientation - Advanced

Vision and Strategy - Advanced

Delivering Value - Advanced

Working and collaborating with others - Advanced