Job closed
Ref: LP452-541
Job description / Role
JOB PURPOSE: To ensure security documentation for approved credit facilities are valid, complete and comply with ADCB’s policies, procedures, approval terms and conditions and regulatory requirements to protect ADCB’s risk against credit default.
ACCOUNTABILITIES
Credit Documentation Preparation:
* Review approved credit facilities and prepare the required facility, security/charge documents in accordance with the stipulated terms and conditions to protect the bank against the risk of default on onward submission to business
Credit Documentation Validation:
* Receive the executed security documents from business and conduct vetting of the legal aspects to ensure that bank’s security documents are in line with the approved terms and conditions and are complete, valid and enforceable
* Provide documentation clearance to WCAD and hand over all original executed security documents to custodial officers in order to update the bank’s systems for subsequent monitoring and follow up
Operational Risk:
* Liaise with Business/Credit/Legal during the process of preparation or vetting to clarify and resolve any ambiguity relating to documentation or other concerns
Policies, Processes, Systems and Procedures:
* Adhere to all relevant organisational and departmental policies, processes and standard operating procedures, and instructions so that work is carried out to the required standard and in a consistent manner while delivering the required standard of service to customers and stakeholders
Requirements
* Bachelor’s Degree from a recognized university
* At least 5 – 8 years of experience (depending on the complexity of the segment handled) in banking in a Credit/Credit Administration function and at least 3 years of experience in loan documentation
About the Company
ADCB is a full-service commercial bank offering a wide range of products and services such as retail banking, wealth management, private banking, corporate banking, commercial banking, cash management, investment banking, corporate finance, foreign exchange, interest rate and currency derivatives, Islamic products, project finance, and property management services.