Business Risk Officer

Job description / Role

Job Purpose

The job holder is responsible to review and analyze the new customer on-boarding process for PBG including approvals for on-boarding of new Business Banking accounts as well as their FCY currency requirements. To ensure to implement the EW Strategy, and BAF Review and to escalate the concerns observed to the manager to take the right actions for Business Banking Department (BAF Segments).

Principle Accountabilities

Manage the customer on-boarding process for business banking/ and ensure new customer on-boarding is as per Central Bank guidelines and bank's internal processes

This will entail processing and analysing low/medium risk accounts and coordinating with the compliance team for high risk accounts for Business Banking, as well as managing alerts/fraud escalation for the business banking accounts.

Review of accounts for Foreign Currency (FCY) requests.

Cleanup Projects - BAF & Small Business Existing Accounts

RFI report for Small Business Segment and BAF Segment

Conduct the BAF Review

Follow up the regularization of the renewals.

Escalation to management any of the accounts meeting the Early Warning Indicators detailed as follows:

Identify the customers that other banks have downgraded their CBRB classification, or the number of Banks increased substantially.

Review the banking customers which have a substantial drop in their credits to the Bank account, or debits are more than credits for 3 consecutive months.

Review if the Business Card is used to pay the loan EMI of CBD.

Portfolio Review for BAF & Enterprise Accounts:

Conduct random visits to the premises to identify the early warning signs which might affect their normal operation, or the repayment

Check the availability of the signatory to manage the company.

Check the salaries payment.

Check the rent payment.

Check the Trade License renewal.

Market current feedback about the company or the partners.

Liabilities portfolio review of for account conduct

Check to ensure regulatory requirements are adequately managed.

QA & Audit preparedness.

Requirements

Education and Experience:

Degree in accounting, finance, Economics, or business management.

8 - 12 years of experience in Business Banking / Commercial Banking in the capacity of an Assistant Relationship Manager, Governance Officer, Relationship Officer or Senior Relationship Officer

About the Company

In 1969, when we at Commercial Bank of Dubai started out little did we know that sheer grit and determination would get us where we are today. An Emiri Decree issued by His Highness the Late Sheikh Rashid Bin Saeed Al Maktoum, the founder of modern Dubai, laid the cornerstone of Commercial Bank of Dubai. We started out as a joint venture of Commerzbank, Chase Manhattan Bank and Commercial Bank of Kuwait. A minority stake was held by a few UAE businessmen.

By 1982, little more than a decade later, we evolved into a National Public Shareholding company. A feat complimented by an exponential increase in the capital base and mammoth restructuring of our operations. The feather in the cap came when the Government of Dubai became a key shareholder.

Over the decades, we have transformed ourselves into a progressive and modern banking institution. We are supported by a sturdy financial base and reigned by a strong and stable management. The proof of which lies with our customers who have stood by us over the years.