Head of Credit Administration

Job description / Role

Directly reporting to the Head Operations of the bank, the position is based at Bank's Headquarters in Kuwait.

The Head of Credit Administration will be responsible for ensuring smooth functioning of the entire credit administration function within the bank.

This will include the following:
• To design, review and implement credit administration structure and procedures within the bank.
• Development of standard loan documents and to ensure its legal effectiveness and enforceability
• To ensure perfection of security/support documents and adherence to covenants / conditions of the credit approvals.
• To supervise that the credit sanctions are as per the discretionary powers allocated to various credit committees.
• Maintenance of original credit files, safe keeping of security documents and custodian of charge documents and securities.
• Overall credit portfolio monitoring through follow-ups with business units for adjustment of over dues and rectification of exceptions/irregularities.
• Generating and reviewing the MIS reports and alerts for follow ups. Providing reports to all concerned /senior management within the bank for information and effective decision making.
Monitoring the drawing power of the security held and issuance of disbursement authorization certificates on an ongoing basis.
• Ensuring adequacy of insurance coverage on securities held as per approval terms for risk mitigation.
• Liaising with lawyers for obtaining legal opinions regarding perfection of security documents etc.
• Compliance of all regulatory requirements/internal policies and procedures
• Handling all issues related to internal /external Audit regarding credit administration.
• To ensure that all required system support is in place as per best market practice for smooth operations

Requirements

• Masters or bachelors degree
• Any professional certifications would be an added advantage.
• At least 10 years of experience in Credit Risk Management, administration, monitoring and control with at least 5 years at senior/ policy level in a commercial bank/ DPI.
• Must be fluent in Arabic
• Sound knowledge of credit administration / management systems and reporting requirements.
• Highly proficient in MS Office.
• Awareness of latest technology trends, banking support systems and software.
• Sound analytical, presentation and interpersonal communication skills.
• Must be detail orientated with strong time management and team management skills.
• Must possess the ability to handle multiple projects in a fast-paced environment

About the Company

Established in 1987, McGregor Boyall is a global recruitment consultancy providing permanent and contract / interim professionals across a wide variety of disciplines including Technology, Risk, Finance, Compliance, Legal, Marketing and HR & Talent Management. Since our inception, we have built an unrivalled reputation for helping organisations recruit the very best talent to ensure that they realise their business and operational objectives.

Headquartered in the city of London, and with further offices throughout the UK (Manchester, Birmingham, Edinburgh and Glasgow) as well as globally in Dubai and Singapore, we are able to offer recruitment solutions throughout the UK & Europe, Middle East and Asia Pacific regions.