Manager Credit Administration - Emirati Talent

Job Purpose:

To manage the Documentation Unit for Wholesale Banking, Islamic Banking, and the Remedial Team by ensuring accurate and timely completion of facility documentation, collateral, and conditions precedent in line with approved credit terms. The role safeguards the Bank against legal, operational, and financial risks through effective documentation control and error-free execution of corporate, syndication, and recovery transactions.

Reporting Relationships:

2.1

Reports directly to: Associate Vice President – CAD

2.2

Reported to by: Credit Officers & Senior Officer Mortgage - Corporate

Credit Officers & Mortgage Officer

Duties and Responsibilities:

• Manage the securities/documentation functions for Wholesale Banking Group / Business Banking / Syndication / Islamic and Recovery Team.
• Manage and authorize the finalization of FOL / documents to ensure all the approved terms and conditions have been addressed with 100% accuracy.
• Manage a team of four FTEs, providing coaching & training in accordance with procedures, quality standards and within agreed time scales.
• Formulate the strategy, business plan, policies, and procedures of the Credit Administration Unit.
• Perform an independent check on Syndication Loan documents and release for implementation in Core Banking System.
• Manage and oversee daily operations of the team with aim of maximizing productivity and ensuring delivery of efficient and high-quality services are provided to CBI Customers.
• Ensure the credit approvals for financing, renewals, waivers are in line with the Delegated Lending Authority (DLA) matrix.
• Authorize Release of approved limits (jointly) for implementation in Core Banking System after perfection of documentation / securities and terms, conditions precedent.
• Monitoring and escalating all exceptions of the documents / deferrals to credit team / business units.
• Ensure all data input and scanning are captured in the Electronic Data Management System and authorized with 100% accuracy.
• Ensure restriction of access to the safety vault of documentation for safe keeping of Bank’s collaterals documents are provided to authorized staff of the Bank.
• Ensure scrutiny of documents is done as per the approval and any deviation or irregularities are reported to Business Team / Credit.
• To ensure the audit rating for the department is minimum “Satisfactory or above”.
• Ensure register the pledge over moveable assets in EIRC (Emirates Integrated Registries Company LLC)
• Management of collaterals – Amendment, New or Changes to be done to collaterals as per the credit approvals
• Monitoring of covenants – Escalation and update of all financial and on financial covenants to Business Team and Credit.
• Authorization of online real estate mortgages, Pledge of shares in Dubai Financial and Abu Dhabi Financial Market.
• Acting as backup for overall functions of limits management. Authorization and management of credit limit and loan drawdown for all segments of Business Team.
• Release of credit limits as per the approval received from Credit Risk Management after perfection of documents/collaterals.
• Ensure all collaterals and terms and conditions are captured in all documents / Facility Agreements as per the credit approval for utilization by the borrowers/customers and internal teams of the Bank.
• Monitoring and Reporting of all exceptions i.e. expired documents, expired collaterals, defected documents and deferral documents for providing the renewed documents.
• Compliance of turn-around time in delivering services to Corporate/Business Banking/Recovery / Syndication and Islamic Team.
• To ensure that the approval is within the delegation of the credit matrix and report any breach in delegation to the credit department.
• Ensure monitoring of covenant testing dates and escalation in breach of covenants
• Authorize Release of credit limits, monitor documents, report irregularities under EDMS system for all documents and follow up to resolve exceptions.
• Ensuring Audit Rating for the CAD is always “Satisfactory”/ Good or Excellent.
• To ensure the delivery of services is best in the Bank and implement the Service Level Agreements between CAD/Business Units.
• Liaison with internal and external…