Head of Corporate Credit Control – Commercial Bank of Dubai in Dubai
JOB PURPOSE • Management and Administration of Credit Control Processes • Ensuring Quality borrowing documentation & Credit Compliance • Manage efficient delivery and disbursement, Monitor and control overrides as per approved matrix • Manage the input of approved facilities in system • Ensure application of pricing as per matrix/approval terms • Managing Centralised Over Ride Department • Custody of Original Borrowing documents • Advising early warning signal to business for action, monitor the action taken. • Implement the Classification/Provisioning as per rules • Co-ordinate and liaison with Bank/Central Bank and Govt auditors. Principal Accountabilities Work Management – Corporate Credit Control department. Roles and Responsibilities include: a. Ensure Quality Asset Management by: • Implementing Credit Control policies and procedures of the Bank, relevant guidelines of UAE Central Bank/Government • Periodical review of Credit Control guidelines based on changes witnessed in the market, directives received from UAE Central Bank/Government • Ensuring approval terms are correctly and clearly conveyed to borrowers with all applicable terms and conditions • Ensuring appropriate borrowing documentation is in place before Credit delivery/disbursement. Supports the Risk Management and Business Departments Executives by eliminating legal and other risks associated with defects in documentation. Ensures that Bank’s lien is registered with respective authorities as per the statutory requirement. Identify and implement solution for legal issues in consultation with legal department and external lawyers. • Ensuring that facilities approved are fed and set up in System properly and appropriate pricing is applied • Monitoring the collection of processing charges. • Monitoring the facilities disbursed and Collateral position by periodical review • Ensuring that all Original Borrowing documents are kept under Safe custody and release is authorised and controlled. • Ensuring that price revisions are implemented in system as per approval terms or as and when advised by Management. • Ensuring that overrides are allowed as per approval matrix and monitor deviations. • Ensuring that collaterals remain valid , periodically evaluated as per policy • Ensuring that borrower accounts are maintained in system with appropriate grades. • Ensuring early warning signals are picked up and advised to business units by periodical reports. • Generating past dues and excess reports and advising customer through Business relationship • Monitoring corporate collections and reviewing problem accounts to ensure down-grading and up-grading as per bank norms and UAE Central Bank guidelines. • Ensuring adequate provisioning and managing interest in suspense in respect of problem accounts. • Maintaining the Real estate exposure and submit periodical reports to UAE Central Bank/ALCO • Managing reporting under Central Bank Risk Bureau systems, Classified accounts reporting systems etc. • Ensuring periodical reporting to Central Bank regarding credit related issues • Co-ordinating Internal and External/UAE Central Bank inspections with respect to Borrowing Documentation/Credit terms compliance and disbursement/Credit Monitoring/Exposures etc. • Providing supporting statements for balance sheet regarding credit data • Ensuring audit confirmations are issued as per customer’s requirements. • Managing the issue of outward status reports /receiving inward status reports. • Ensuring submission of regular reports, returns and management information data to fulfil the statutory requirements and to update the management as per the procedures devised. • Review and centralise the control activities as per management directive, implement automation to gain more control.
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