Manager Limits and collateral

SolveCube is an award winning AI enabled Talent Solutions Platform for middle and senior level professionals. SolveCube is working with global consulting firms, mid and large enterprises across Asia Pacific and Middle East to fulfill their talent needs for permanent, short-term, part-time, interim and turnkey assignments.

One of our clients, is a leading bank in UAE is seeking experienced professionals for the role of Manager Limits & Collateral Management

Job Description

Work Management – Roles and Responsibilities:

Responsible for all the e2e Checker activities covering Limits & collateral management

Carry out checker activities in the systems: Creation or maintenance of following activities:

Tangible collateral details as per the credit approval/facility documentation in Emirates Movable Collateral Registry (EMCR) before setting up limits

Clients limits, maintenance & cancellation of same as per Credit approval/facility documentation including interest rates for Overdraft facilities Borrower accounts are maintained in system with appropriate grades.

Collection of all processing fees on timely manner to avoid any income leakage

All Collaterals details, including placement & removal of lien on client’s deposits, share mortgages, vehicle mortgages etc… based on credit approval/facility documentation.

Creation, maintenance & cancellation of covenants as per the credit approval/facility documentation

SIC codes are properly fed in to the system.

all other activities related to limits management such as Downgrade/upgrade accounts, interest in suspense, write off account, credit review date etc are updated in the required systems in line with credit and other systems

Monitor all LTV monitoring (Gold, Shares, Oil and other commodities) on periodical basis including Asset revaluation. Any breaches are actioned immediately under advised to Business and credit.

Ensure accurate client related data are published in client related letters such as audit confirmation, liability & no liability reports, inward & outward status reports etc….

Ensuring that price revisions are updated in system as per approval terms or as and when advised by Management

Monitor all AML compliance, FRR & Legal queries including placing hold and removal based on instructions from Legal, FRR, AML & Compliance departments

As and when it’s required by the team management to act as a checker to carry out other unit processes within Credit Middle Office activities.

General:

Achieve Operational & control efficiency by:

Measuring and monitoring the standard processing time and transaction volumes, bring about productivity improvement through bench marking

Ensure all under limits & collateral activities are performed as per Operations Procedure to achieve satisfactory audit rating for the Unit.

To carry out activities with “zero” operational losses

Ensuring reduction in re-work rate. Review and centralise the control activities as per management directive, implement automation to gain more control efficiencies.

Adherence to SLAs and TATs agreed with stakeholders & improving TAT for credit processes by automation

Update JD’s periodically & prepare and maintain KPI & balance scorecard for staff.

System issues and related remedies to raise and follow up for correction

Apply remedies for Internal and External/UAE Central Bank inspections remarks with respect to Limit input /pricing etc

Train staff within department and maintain effective backups for critical positions.

Implementing Credit Control policies and procedures of the Bank, relevant guidelines of UAE Central Bank/Government

Conduct Periodical review of Credit Control guidelines based on changes witnessed in the market,

Constant review of day to day functions of the Unit and checking of EOD reports to ensure activities are performed as per Operations Procedure to & update SOP’s periodically to achieve satisfactory audit rating for the Department

Conduct periodical review of Credit Control guidelines based on changes witnessed in the market,

JOB CONTEXT

The jobholder is required to manage day to day operations of limit input & Collateral management under Credit Middle office & maintain 100% accuracy level of all its responsibilities to achieve excellence in the Department’s objectives. .

Monitor the effectiveness of existing control measures and effect modification whenever required

Ready to change & adopt to for any market and economic conditions are challenges including customer requirements.

COMMUNICATION & WORKING RELATIONSHIPS

Regular contacts with Other Credit Units/legal Corporate Banking/ Branches/ Commercial Centre's and RM’s

Regular discussions with Department Heads/Segment Heads

Participate in regular Department/Committee meetings to be abreast of Bank’s policies and requirements and contribute with regard to required credit control measures.

DIMENSIONS OF THE JOB

To manage all borrowing clients coming under Corporate Banking

FRAME WORK, BOUNDARIES & DECISION MAKING AUTHORITY

Work within approved policies and procedures and ensure regular supervision

Responsible for ensuring that Limits & collateral management is performed as per approved terms and conditions to eliminate any legal/security risks

Solve Problems which go beyond routine referred by Unit Head for resolution

Manage onshore / offshore teams aiming at speed, accuracy and efficiency in all work related the job roles. .

QUALIFICATIONS

Bachelors Degree.

MS office proficiency especially word, excel, spreadsheets etc

Sound knowledge on functioning of Core system and other satellite systems.

EXPERIENCE

5 to 8 years of banking experience and 5 years in the Credit administration functions, including managerial responsibilities.

Good understanding of banking operations, Bank’s policies, procedures, guidelines, statutory requirements, market conditions including systems

SKILLS

Good command of English language

Excellent communication skills

Planning and organising skills.

Excellent report writing skills.

High level of interpersonal and negotiating skills.

Computer literate with strong working knowledge of business software applications, particularly word/excel and spreadsheets