Senior Officer, Credit Control (Emiratised Role) (United Arab Emirates) Abu Dhabi

Requirements

Requires a bachelor’s degree in a related discipline and at least 3 years of relevant experience in the banking sector within a credit facility function. Candidates must demonstrate a track record of increasing managerial responsibilities and a deep understanding of credit control processes.

Job Summary

The role is responsible for Processing / Encoding of credit limits relating to
credit facilities and ensure accurate detailing before inputting the same into
the Bank’s system. Further, he/she is responsible to comply with the approved
terms and adhere to policies, process and procedures of FAB Head office,
representative offices, international branches, and regulators.

* Process/ Encode credit limits to ensure accurate detailing into the Banks
Systems along with maintenance of Banks & Country Limits as per Credit
Approvals Maintaining accuracy with regards to application of interest rates,
commissions, fees, and charges.

* Process / Prepare day to day transactions – Loan memos, Processing tickets,
PPC discounting/ settlements, SVC etc 

* Process memos for provisioning of accounts, customer grade changes,
suspension of interest and passing relevant write-off entries.

* Prepare Liability/No Liability Certificates / Letters.

* Process / Encode and maintain limits for approvals received from Credit
for Initial CA / Annual Review/ Extension Memo / Interim & Administrative
Memo

* Processing of Bulk upload for limit extensions for Corporate, PCG, Investment
Banking Clients and FI limits

* Process downgrade, upgrade of counterparties in system and Central Bank as
per Credit Approval

* Process and prepare monthly reports such as CBRB mismatch report and mismatch
in ORR between credit application and GLCMS.

* Update RB code in both systems GLCMS and T24 and give confirmation to
stakeholders on limits before closing of account.

* Ensure 100% satisfaction rating by internal customers by providing superior
service quality, manage internal customer relationships and ensure that
queries

* and exceptions are addressed efficiently with proactive measures. 

* Ensure timely response to service and support requests, queries, escalations,
and deficiency reports

* Stay abreast of latest developing concepts, new regulations by the UAE
Central Bank, other legal entities, and Corporate Credit guidelines.

* Ensure adherence to published Standard Operation Procedures (SOP), Service
level agreements (SLA’s) and understanding of relevant products, procedures,
and Delegation of Authority (DOA) of the Bank.

*  

* Support Team Leader (TL’s) in distributing work among team members and ensure
smooth flow of day-to-day transactions.

* Ensure completion of (emails and other workflow management systems in use)
daily task assigned in the Unit, to ensure task completions and update
internal stakeholders accordingly.

* Prepare instruction memos to Loan operations for disbursement, changes in
repayment, settlements, maintenance and collection of various fees etc.

* Prepare instruction Memos to Client Service (CS) team for release of excess
margin held against facilities as per approved terms.

* Prepare instruction memos for amendment of interest rates of overdraft
pricing linked to fixed deposits, deferring loan instalments, extending loan
maturity date etc.

* Process / Encode Bank and Country limits as per approval. 

* Process upload of interest rates codes in Bank systems

* Prepare various reports as and when requested by HO-CCU &
Sanction/HO-CAD/Senior Management

* Undertake special projects/assignments as and when requested by Line Manager/
HO-CCU& Sanction / HO- CAD/ Senior Management.

* Report KRI’s and Operational loss incidents in a timely manner.

* Proactive engagement with key stakeholders and ensure operational continuity
without any process breach.

* Recognize and highlight process enhancement opportunities.

* Adherence to the leave management plan, ensure adequate back-ups for self and
team members.

* Ensure timely updation of all control / activity trackers in the unit.

* Timely archiving of transactional documents as per Unit’s process.

KEY ACCOUNTABILITIES: 

* Policies, Systems, Processes & Procedures 

Follow all relevant departmental policies, processes, standard operating
procedures, and instructions so that work is carried out in a controlled and
consistent manner.

Demonstrate compliance to organization’s values and ethics at all times to
support the establishment of a value drive culture within the bank. 

* Continuous Improvement 

Contribute to the identification of opportunities for continuous improvement and
sustainability of systems, processes and practices considering global standards,
productivity improvement and cost reduction. 

* Reporting 

Assist in the preparation of timely and accurate statements and reports to
meet department requirements, policies and quality standards.

* Zero Loss; NIL near miss / income leakage event; target zero high risk
error                           

* Target zero complaints, minimum 95 % adherence to TAT standards as agreed
with business. Achieve more than 90% satisfaction score in the internal
customer survey.                        

* Nil unauthorized breaches in Policy/regulatory requirements and SOPs.
Satisfactory rating in all audits – INA/RMU/ORC

* Nil breaches in housekeeping (reconciliations, tracers, activity tracker,
etc.). 

* NIL critical findings in regulatory /external/internal audits.

* No. of PI (process improvement) proposals found beneficial by management. No.
of successful PIs implemented.

* Work with the line manager in introducing strong tools/processes to
identify/ease BAU risks attached to the unit.   

* Pursue opportunities for enhancing operative efficiencies along with adequate
monitoring.

* Always ensure excellent housekeeping standards.

QUALIFICATIONS & EXPERIENCE: 

Minimum Qualification

* Bachelor’s degree or related discipline.

Minimum Experience

Relevant experience in the banking sector with at least 3 years in similar
positions of progressively increasing managerial responsibilities in the credit
facility function. 

About Us:

First Abu Dhabi Bank (FAB) is the largest bank in the UAE and one of the world’s
largest and safest financial institutions. We offer a comprehensive range of
personal and private banking services, including credit cards, Islamic banking,
investments, loans, and mortgages. Our commitment to excellence and innovation
drives us to provide top-tier financial solutions to our clients.

Life at FAB:

Working at FAB means being part of a team of talented and passionate individuals
with a shared vision to support the ambitions of our stakeholders to “Grow
Stronger.” We embrace the needs of our customers across the globe with a sense
of responsibility and confidence driven by extensive expertise that can only be
delivered by an ambitious world-class organization

Career Development:

FAB offers unique career choices, a chance to innovate, craft solutions for the
future, and express yourself in a performance-based culture that will unleash
the best in you. Whether you are an experienced professional or just starting
your career, FAB provides a range of learning and development initiatives to
support all employees through training and skill development.

Our Values:

At FAB, we place our customers at the core of our activities, live our values
each day in every way, celebrate achievements, and empower each other to deliver
leading solutions. We have structured plans for the recruitment and career
progression of Emirati talent to enable them to make a mark in the financial and
banking sector both regionally and globaly that rewards your hard work and
dedication.

Join our team and be part of a journey to shape the future of banking.

Responsibilities

Responsible for processing and encoding credit limits, maintaining bank and country limits, and ensuring accuracy in interest rates and fees. The role involves preparing financial reports, managing loan memos, and ensuring strict adherence to UAE Central Bank regulations and internal SOPs.

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