Officer, 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
Responsible for Securities and Documentation Lodgment, File, record, recover,
archive, scan and maintain documents and database systems, check ABL
disbursement documents, and review documents and collaterals.

Principle Accountabilities

• 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,


• Receive the original execution versions of facility documentation signed by the Borrowers & including collateral documentation from Business segments and branches.


• Responsible to update the documentation register with the document's details & movement of same within the Credit Documentation Unit.


• Ensure to Electronically scan of original documents in EDMS upon completing the fit to lend sign off after satisfying that all the documents have been executed properly and are also in order.


• Handle the safekeeping of the original documents under custody and ensure all documents are being lodged after it is digitally filed in EDMS.


• Periodically review borrowing documents held under custody for housekeeping purposes.


• Responsible to prepare required correspondence and reports related to custody activities from time to time including sorting, packaging of files for archival and Compile list of the documents to be archived.


• Responsible to handle the releasing of original facility documentation and/or mortgage release requests after obtaining approvals from the appropriate sanctioning authority.


• Upon team request, return deficient documents back to business teams to complete the requirements via courier and record reference number in the register.


• Maintain a coordinated relationship with legal, FRR, RMs, Internal and external Auditors to retrieve required documents and files upon getting the necessary approval from Unit management.


• Review drawdown related collateral documents for ABL upon receiving the required executed documents from Business and also inform Business regarding discrepancies, if any & follow up with Business to get those discrepancies rectified before sending the confirmation transaction processing team to go ahead with the drawdown.


• Representing the Bank in all government authorities including the free zones and other authorities where bank's representation is required.


• Preparation of mortgage contracts (new/increase/amendment/etc..) and other agreements/letters related to Mortgage registration.


• Coordinate with Land departments/ trustee offices / Free Zones / notary public in all emirates to execute the mortgages and pledge of shares. Also, Contacting the customers to set up an appointment related to mortgage / assignment / release / pledge / notary public / etc.


• Ensuring that Bank's lien is registered with respective authorities as per the statutory requirement, and the original Mortgage documents are collected back and submitted to the Bank for safekeeping.