Manager Credit Documentation

DESCRIPTION

Operating in the UAE for over ‎50 years, CBD manages the financial requirements
of some of the largest corporates and businesses operating in the country,
driving the UAE economy. Over the years, CBD has transformed into a
progressive and modern banking institution winning multiple awards for its
digital initiatives, credit cards, bank accounts, mobile app features and
services.
CBD has been recognized as the number one bank in the UAE on the Forbes list
of The World's Best Banks ‎2022.
As we continue to build upon our successes, we are looking for ambitious
individuals who are passionate about the banking and finance industry and the
markets in which CBD operates. Just as important to us is your ability to
demonstrate a talent for dealing with people - your colleagues and our
customers - and delivering service that really goes the extra mile.

Job Purpose

Manage and supervise team handling Documentation preparation, fit to lend
checks, execution of mortgages & documents safe keeping & also making sure
the activities are performed in line with agreed service standards (SLA's)
Maintain, Introduce, and enhance proactive work culture to deliver excellent
results through managing and mentoring.
Play a proactive and contributory role & work in-collaboration with all
stakeholders to develop best practices for successful banking operations. Also
provide advice and guidance on documentation measures for managing the
compliance /legal aspects to facility disbursement.

Responsibilities
Ensure Credit Middle Office policies and procedures of the Bank are strictly
followed in line with Bank 's Credit policies and as per relevant guidelines
of UAE Central Bank/Government
Adhere to UAE laws and regulations regarding all collaterals and the legality
of documents used in coordination with the legal department,
Review and ensure drafting of facility offer letters/loans agreements are as
per Credit application approved by the required delegation authority and also
in line with the documentation SOPs for all Wholesale Banking credit
facilities including conventional and Islamic Accounts - which will cover NTB
/Renewal/Amendment requests.
Ensure documentation procedures are followed in the finalization of facility
offer letters/ loans documentation, collateral documentation & other required
documents by covering all the legal aspects.
Ensure the fit to lend checks are carried out as per the documentation
procedure & all collateral documentation including mortgages are executed,
CP's met etc. as per Credit approval before authorizing CMO limits &
collateral management unit to release limits.
Ensure all deferrals approved by Credit are communicated to CMO limits &
collateral management unit for tracking. Also, periodic follow up to make sure
those deferrals & deficient documents are cleared on timely basis to keep the
facility documentation perfected to mitigate credit & legal risk. As and when
it's required inform management with the current status along with action
taken.
Ensure lodgment & safekeeping of facility documentation are happening on
timely basis and vault operation is carried out as per the safekeeping policy
in the documentation SOP.
Ensure periodic inspections are carried out to check the tangible collateral
including bank's liens are registered with respective authorities as per the
statutory requirement.
Ensure all required approvals are in place before authorizing any release of
original documents / securities.
Ensure the team duties are executed to ensure quality and minimize potential
loss. Continuously monitor the efficiency of the workflow of the team to
ensure timely preparation /execution of documents within agreed turnaround
time as specified in the SLA's
Constant review of day-to-day functions of the team and ensure all activities
are performed as per policies & procedures.
Manage, develop skills, provide required training, give empowerment, and
motivate staff to ensure team objectives are met, including staff's individual
goals.
Measure and monitor the standard processing time and transaction volumes.
Bring improvement to productivity through bench marking.
Maintain KPI & balance scorecard for staff including due recognition for good
performers.
Prioritize and allocate the daily work for officers and senior staff to ensure
the timely completion of the work processes to support the DH in achieving the
departmental objectives
Ensure all related MIS reports (SLA, TAT, Activity report, transaction report,
Operations risk, Internal control check list etc.) are completed / submitted
as per stipulated timelines
Responsible for ensuring that documents are prepared and fit to lend checks
are completed as per credit approval & CMO guidelines. Also make sure to
adhere to safe keeping policies as per the SOP.