VP- Credit Management Emiratized Role

JOB PURPOSE

The purpose of this role is to (a) review & recommend for approval credit facilities for the designated portfolio (b) support the Head of Credit in effective portfolio management to ensure the portfolio remains within acceptable parameters as driven by business strategy and agreed TMRAC (c) maintain strong credit oversight over the portfolio working with the Offshore team and other stakeholders and (d) take ownership to maintain good quality over the allocated portfolio and for approvals granted with delegated authority where applicable.

KEY ACCOUNTABILITIES:

Generic Accountability

• Make suitable and appropriate recommendations to Credit Committees on all proposals in compliance with Banks Risk Acceptance Criteria and Group Credit Policy.
• Guide and oversee the due diligence process working with Offshore team for prospective deals in collaboration with Coverage and Product teams to ensure that emerging risk factors are identified and addressed in the Credit Proposal.
• Maintain strong oversight and control over the allocated credit portfolio ensuring that effective portfolio monitoring and mechanisms are in place and processes are adhered to.
• Ensure efficiency, integrity, reliability, and speed in Credit Governance and decision making.
• Lead, guide, and collaborate either on own account or with Offshore team &/or Credit Managers and with Coverage Units and Product Teams on structuring of credit facilities to ensure that all deals/facilities are structured in a sound and robust manner.
• Act in the capacity of an Advisor & Consultant as a representative of Credit and be seen as a business enabler to provide workable solutions in driving key relationships and transactions.
• Advise the team on the risk factors associated with complex transactions and the clauses imperative in mitigating these.
• Participate and engage in client relationships through client visits/conference calls as part of transaction initiation &/or ongoing relationship monitoring. It is expected that all clients in the allocated portfolio are met once annually and for key relationships &/or problem accounts as frequently as may be required.
• Gather market intelligence and inputs to use them judiciously as part of the credit decision-making process.
• Deal with Internal & External auditors' reports and take appropriate steps to close all observations/issues raised in these reports. Meet Internal and External auditors as and when required to discuss portfolio-related queries.
• Coordinate with other departments of the bank (e.g. Risk, Finance, TB Operations, etc.) on various Credit and allied issues on behalf of Group Credit.
• Ensure accuracy of data being presented to various stakeholders including senior management.
• Recommend amendments to the Banks credit policy, procedures, Risk Rating models, credit memorandums, risk criteria, etc., based on lending experience and market expediencies ensuring alignment with overall Banks risk strategy & policy.
• Oversee/manage Junior SCOs/Credit Managers (applicable for SCO).

Job Specific Accountabilities

• Coordinate with Coverage teams in advance to discuss deal pipeline of new/interim proposals, due dates of annual reviews to obtain necessary information to facilitate a comprehensive review of the credit facilities.
• Ensure that the turnaround time to process credit applications is as per agreed SLAs with CIB. Coordinate and collaborate with Offshore team to prioritize workflow to ensure SLAs & TATs are met.
• Oversee and ensure on a regular basis that the portfolio remains healthy and all terms & conditions approved are being complied with.
• Proactively work on suitable mitigation strategies to resolve problem accounts including emerging problem loans as identified by various reports generated including but not limited to ongoing portfolio management reports and Early Warning Indicators.
• Continually emphasize process improvement to create ongoing efficiencies and use technology effectively.
• Lead, initiate, develop, and own industry/sector risk appetite working closely with product partners, coverage units, Group Risk, and other stakeholders. This includes an annual refresh or more frequent as required.

Qualifications :

Minimum Qualification

• Must have a Bachelor's degree.
• Desirable: Chartered Accountant/Master's in Business Administration (MBA) or any other relevant finance degree or diploma.
• Emiratized role & should hold a Family book in UAE.

Minimum Experience

• 10-15 years relevant experience in the banking sector with at least 7 years in a similar position with demonstrated career progression in credit related functions (FOR CREDIT MANAGER).
• 15-20 years relevant experience in the banking sector with at least 10 years in a similar position with demonstrated career progression in credit related functions (FOR SCO).

Skills Required

• Well-rounded proficiency & strong analytical skills focused on credit assessment.
• High levels of integrity in credit analysis, fact-based and backed with sound rationale to support or otherwise.
• Strong and sound knowledge of banking practices & products including IFRS, BASEL, Risk appetite, etc.
• Strong knowledge of the regulatory framework, business environment & overall financial markets.
• Demonstrated ability to make decisions and hold ground in the midst of pressure, taking a balanced view and adopting a holistic approach without compromising core credit principles. This includes a solution-driven approach and managing conflict resolution independently.
• Well organized, able to multi-task and balance competing demands.
• Strong communication skills, both verbal and written. Demonstrated ability to hold dialogue including at a strategic level and with senior management, peers, clients, and other internal teams.
• Adapt FAB Values.
• Ongoing emphasis on process transformation to create efficiencies and smarter ways of working using technology.

Remote Work :

No

Employment Type :

Full-time