Job Title: Manager Credit Control
Location: U.A.E,Dubai
Job function: Operations
Number of positions: 1
Job purpose
• Credit Control Manager role is broadly defined as the ultimate filter in the entire Wholesale Credit Operations end to end process, where the exposures undertaken by the bank for its commercial borrowers are being reviewed and scrutinize adequately in terms of approvals, adherence to credit policy and compliance to documentation standards in the fully centralized environment.
• Job Holder will manage centralized limit approval and asset booking function with delegated authority of approving disbursements up to AED 500 million in the system based on Credit Approvals whilst ensuring the adherence to stipulated terms and condition. This will also includes management of cross functional referrals raised by various units across the bank (i.e. Branches, CPC, FTC) in a centralized environment.
Key result areas
• Responsible to manage the resources available in conducting the related responsibilities related to Credit Control effectively and efficiently, which resultantly facilitates to offer better customer service without compromising to any control features.
• Direct and administer the day-to-day operations of Credit Administration.
• Ensure high levels of security / checks and balances with regard to limits set up and maintenance to prevent any potential losses.
• Manage the centralized loan disbursement process related to CIBG, Syndication, FI, MAI & IBG whilst ensuring custody of all documentations and compliance of all terms and conditions as per credit approval.
• Manage timely and accurate implementation of credit approval limits in various systems with strict adherence to stipulated terms and conditions in the credit proposal and carry out ongoing maintenance of all credit facilities.
• Identify any irregularity / deviation / exception in the conduct of borrowing accounts and promptly address those to the relationship manager and Credit Dept. for an early resolution.
• Ensure actual booking of transactions are duly approved by the authorized officers in the Bank.
• Develop and improve Internal Controls and Mitigants on ongoing basis to maintain high level Service Standard.
• Plan, develop and execute the related improvements in the assigned areas, coordinate and allocate resources with regards to special projects as and when warranted.
• Provide regular input on Policy and develop Procedures related to Credit Operations to make it more efficient and practical
• Manage the transactional Banking referrals initiated by Cross Functional Units within outside Operations Division i.e. FTC/CPC/Branches including Overseas Networks Capturing and Escalation of Warning Signal and any exceptional transaction, violation of policy/procedures & approval of sanctions, deterioration of relationships are to be identified promptly and appropriate measures taken to ensure possible remedial action to avert further deterioration of exposures.
• To act as a trouble shooter to deal with Relationship Managers, Credit Managers, and for others business initiatives.
• To manage the internal MIS to capture exceptional transactions for Credit Operations.
• Manage and monitor the MBO and KPI of Credit Ops staff to lead towards achieving the corporate objectives.
• Review the process change and mange it appropriately towards better resolution.
• Responsible in co-ordination with RISK/CAD for the implementation and appropriation of Asset Classification and Income Recognition.
• Ensure current risk rating in the system as approved by the appropriate authority by updating the system.
• Ensure proper and timely implementation of recommendations of Credit Review/ Audit Department and address and deficiencies brought out in the audit process to remedy matters and follow-up till regularization.
• Control and monitor the quality of work produced by vendors for the outsourced function are within the agreed contractual KPIs
Knowledge, skills & experience
• A thorough understanding of Commercial products and the implication of risks relating thereto with a proactive approach to problem solving.
• 15 - 20 years of banking experience 7-8 years experience in the area of Commercial, Loan Documentation and Operations
• Good understanding of technological issues with sound analytical ability and PC skills.
• Effective communication skills in written English
How to Apply:
http://careers.mashreq.com/ViewJobDetails.aspx?JobRefID=225
Deadline: 23/02/2014
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