Vice President Credit Management

Job description / Role

Job purpose:

Work within the global private banking credit team ensuring the proper implementation of policies, procedures, and practices consistent with the overall strategy and objectives of the bank. Ensure that UAE and international credit proposals adhere to policy guidelines. Monitoring and review is adequate to maintain assigned portfolio quality and overall credit risk falls within the bank's risk appetite.

Key accountabilities:

Credit risk management

• Credit analysis, assessment, recommendation, and approval (within DoA), review, monitoring, control, and recovery of assigned portfolio(s) for assigned UAE and international portfolio.
• Ensure credit processing and approval turnaround times as per agreed SLAs.
• Ensure credit requests fall within regulatory guidelines, policies, and TMRACs.
• Highlight exceptions and work with private banking on ensuring proper mitigation is in place.
• Guide private banking on structuring of facilities, securities, and documentation.
• Ensure proper due diligence is conducted on prospective deals in collaboration with coverage and product teams.
• Follow up with private banking on covenant breaches, document deficiencies, excesses, and past dues.
• Provide ongoing feedback and expert inputs into the deal structure intermittently and as required based on bank risk appetite for products, industry, sector, geography, and counterparty.
• Ensure timely availability of required information to approving authority for credit decision making.
• Ensure accuracy of data being presented to various stakeholders including senior management.
• Coordinate with internal counterparties (CAD, legal, etc.) to provide guidance on risk assessment, risk rating, and documentation.
• Obtain accurate and current information and update the risk systems (risk rating models, collateral management system, etc.) that allow for accurate identification of risk profiles and ratings in all asset categories.
• Recommend amendments to the bank's credit policy, procedures, risk rating models, credit memorandums, risk criteria, etc., based on lending experience and market expediencies ensuring alignment with overall bank's risk strategy and policy.
• Ensure satisfactory rating in audits through proactive actions and ensure all recommendations are implemented.

Job context:

• Preparation of comprehensive credit proposals clearly outlining key risks, mitigations, and recommendations for presentation to the approving authority for prospective and existing clients under assigned portfolio.
• Coordinate with the relationship managers well in advance of due dates of annual reviews to obtain necessary information from the borrower to facilitate a comprehensive review of the credit facilities.
• Ensure credit processing and approval turnaround times as per agreed SLAs.
• Periodic meetings and conference calls with clients to be undertaken along with relationship managers for prospective and existing clients.
• Monitor accounts regularly and follow up with business units on terms and conditions to ensure compliance with the approval conditions.
• Oversee the mark-to-market revaluation process and take ownership of liaising with the respective relationship managers to rectify any margin call situations.
• Review exception and portfolio reports as applicable and keep abreast of the clients' account conduct, financial standing, and latest developments occurring in their respective segment or market to provide appropriate recommendations regarding change in risk appetite, ratings, or classification.
• Monitor early warning indicators to identify potential problem accounts and liaise with business units to ensure suitable action plans are in place to rectify the situation at an early stage.
• Manage problem credits closely and recommend appropriate strategies and remedial action plans. Identify defaulters and recommend immediate remedial arrangements for maintaining a quality credit portfolio.
• Ensure accuracy of data being presented to various stakeholders including senior management.
• Contribute to enhancement of knowledge and expertise of other team members by participating in training and development initiatives.

Qualifications:

Minimum qualification

Must have a bachelor's degree.

Desirable: Chartered Accountant, Masters in Business Administration (MBA), or any other relevant finance degree, professional certification charter (CFA, FRM, etc.), or diploma.

Minimum experience and skill set:

• Minimum 10 years relevant experience in the banking sector with at least 5 years in credit function.
• Good understanding of various complex credit products such as Lombard lending, real estate financing, FX, and derivatives.
• Understanding of various complex investment products such as bonds, sukuks, stocks, mutual funds, structured notes, etc.
• Ability to look into and beyond personal net worth statements and financials to see business proposition.
• Strong structuring skills.
• Good understanding of legal and regulatory framework.
• Ability to work under pressure.
• Strong communication skills, written and spoken.

Remote work:

No

Employment type:

Full-time