Job closed
Ref: HP905-208
Job description / Role
Job Purpose:
Monitoring, control and reporting of post-credit approval activities for corporate customers
Principal Accountabilities:
• Review of facility documentation to check for fulfillment of conditions- precedent and instruction limit set-up in core banking system
• Completion and recording of pre-disbursement checks, liaising with Business and Credit to resolve pending items. Authorisation of drawdowns
• Carry out checks on end-use of funds
• Carry out pre-disbursement checks on non-checking accounts, ensuring customers are fully compliant with facility terms before disbursements made
• Monitor post-approval conditions, including covenant compliance, compliance with rental assignments other conditions such as whether receivables are routed through the account, insurance cover on mortgaged properties, property valuations, documentation completion. Reporting and escalation of the same.
• Monitor past due and excesses. Reporting and escalation of the same
• Prepare LTV reports for commodity finance transactions (Gold, Oil and other commodities)
• Departmental sample checks of controls and processes and preparation and execution of action plans to remediate and improve controls where appropriate
• Co-ordinate with auditors (internal and external) to ensure smooth completion of audits and rectification of audit findings.
• Adherence to Bank’s internal policies and external statutory requirements, to ensure high standards of uniformity and consistency across the Bank
• Review and improve processes, working across functions including IT as necessary to automate/improve processes where possible
• Provide guidance to business units on measures and services provided from Middle Office and provide on the job training for new recruits of the bank.
• Remain alert to opportunities to streamline processes to enhance efficiency and/or mitigate risk
• Support Unit Head with ad-hoc matters & projects
Achieve operational efficiency by:
• Ensuring reduction in re-work rate
• Adherence to SLAs
• Proactive approach to identification of process efficiencies
• Identify training needs of the team and ensure adequate training is provided to all staff
Requirements
• Bachelors Degree in a Finance/Banking related discipline
• 5+ years of Credit Related Banking experience. Experience in Banking Operations or Credit Administration preferable.
• Supervisory experience required
• Strong working knowledge of banking workflow systems
• Strong knowledge of corporate banking products and credit approval processes
• Computer literate
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.