Job Summary

The incumbent is responsible for Credit Operations functions; including Corporate Loans (Syndicated & Bi-lateral) and Trade Finance. The incumbent will manage the Credit Operations Department in such a manner as to protect the Group from undue credit risks; will supervise the team of processing officers within the approved parameters of the credit process; will also provide investigative, analytical, operational and administrative support. The incumbent is also responsible for TAT to be by the agreed time to avoid any escalations. The incumbent will also leverage the available resources of the Department to streamline its plans, processes and strategies to be in consonance with the overall Group strategy.

Job Description

• Coordinate the communication, implementation and monitoring of all central operational policy and procedures for the various Group processes to ensure compliance with relevant requirements
• Ensure segregation of duties with respect to all activities performed by staff in the Credit Operations Department.
• Critically review and comment (if any) on all credit proposals revisions and related paper work.
• Achieve a balance between risk vs. reward by enforcing high credit analyses and administration standards, including but not limited to updated policies/ procedures and compliance with the same.
• Ensure adherence to the Group's policies and procedures by all reporting staff; check the work generated by other departments’ staff prior to sign off/approval on the corporate loan.
• Oversee and manage the review all credit documents, ensuring all necessary procedures/ calculations have been taken with regards to loan draw-downs, rollovers, repayments, interest rate fixing, fees collection and payment scheduling, red flag any deficiencies for correction or rejection of corporate credit proposal.
• Ensure proper follow-up for syndicated loans managed by the Group or by third party to ensure loan booking compliance with loan terms, loan repayment/ interest are recorded in proper period and the Group’s financial records reflect the total value of loans outstanding together with their related accrued interest receivable.
• Control and authorize corporate loans by coordinating settlement and disbursement of loan.
• Manage the processing of any Import, Export Letters of Credit, Guarantees and Bills for collection.
• Manage the services of Trade Operations to ensure they are delivered in a timely, efficient and cost effective manner.
• Ensure the existence of adequate and robust processes and controls (automated/ manual) to ensure compliance with applicable anti-money laundering (AML) rules/ regulations relating to foreign trade transactions and with the International Chamber of Commerce rules for processing of import/ export documentary credits, letters of guarantee and bills for collection.
• Review, validate and approve foreign trade related transactions (as per the incumbent’s delegated powers) to ensure the underlying transactions and the LC/ LG terms have been properly understood, relevant documentary requirements have been fulfilled and that no onerous clauses exist in the documentation in order to protect the Group’s interests.
• Review any suspicious transactions identified and ensure escalation where appropriate.
• Ensure reduction in processing errors by staff engaged in processing the related transactions through a combination of system controls, supervisory review and established/ approved procedures.
• Ensure continuous system and quality enhancements by monitoring the respective activities and processes implemented and by keeping abreast of new methodologies and practices in order to improve the performance of the personnel and ensure adherence to the turn-around times (TAT) mentioned in the SLAs and strive to better the same. 
• Control and authorize corporate loans by coordinating settlement and disbursement of loan.

Job Requirements

• Bachelor degree, preferably in finance, economics or related subjects.
• At least 7 years of relevant banking experience, preferably with special emphasis in loans processing.
• Good quantitative modelling, analytical, and research skills.
• Proficiency in risk concepts, banking products/ operations/ systems, pertinent regulatory requirements, International Accounting Standards and related pronouncements.
• Knowledge of financial markets and products.
• Good understanding of credit risk methodologies and/or other complex financial risk modelling would be highly desirable.
• Self-motivated, detail-orientation.