Senior Credit Analyst (UAE National)

Job description / Role

Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services.

CBD has been recognized as the number one bank in the UAE on the Forbes list of The World's Best Banks 2022.

As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile.

Job Purpose

Take key decisions as well as to underwrite individual applications of Customers applying for Retail Banking products - Mortgage Loans, Personal Loans, Auto Loans and Credit Cards, BAF as defined in the Retail Credit Policy of the Bank. Work as a checker and have the delegation to approve high value transactions typically around avg AED 500K to AED 1.0 million exposure depending on the Product, and also reviews deviations (out of policy cases) and restructuring cases to be proposed to the delegated authority.

Principle Accountabilities

- Ensure quality underwriting of Credit Applications as per Approved credit policies and within the given Delegation of Authority. With minimum error rate.
- Maintain high level of productivity with no compromise in the quality of processing.
- Check and approve applications within his/her delegation.
- Evaluate and escalate applications with judgmental and deviations on the basis of borrowers character and integrity, capability of repayment, business, economic and personal conditions, capital input and collateral available to the proper authority as defined in the Credit Policy of the Retail Banking PPGs.
- Communicate the decision to the Front end via an email Draft/Pre approval Letter.
- Detailed assessment of the Business verification reports and other Business related documents.
- Final Offer Letters to be check and signed post completion by the maker.
- Reconciliation of invoices for Field Visits and Perfios.
- Analyzing and escalating restructure cases.
- Ensure completion of cases within prescribed TAT and full adherence to SLA with Business Group.
- Adherence to Operational Risk Guidelines.
- Full Compliance to all relevant policies and procedures governing Risk-based underwriting & ensure a minimum SATSIFACTORY INTERNAL AUDIT Rating. NO Adverse audit findings with HIGH RISK Impact
- Resolution of all audit findings within prescribed time frame.

Requirements

Requirements

Experience and Qualifications

- Minimum of 4 to 5 years of underwriting experience in credit related work
- Written and spoken English - Arabic preferred
- Good understanding of banking operations, Bank policies, procedures, guidelines, statutory requirements, market conditions.
- Minimum of a Bachelor's Degree
- Strong working knowledge of business software applications, particularly spreadsheets.

Skills

- High level of interpersonal and negotiating skills.
- Credit & Financial Analysis Skills
- Should have an eye for details.
- Good communication skills

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.