Senior Officer- Credit Control & Sanction (Emiratized Role) at First Abu Dhabi Bank Pjsc

Al Ain, Abu Dhabi Emirate, United Arab Emirates -

Full Time

Start Date

Immediate

Expiry Date

01 Feb, 26

Salary

0.0

Posted On

03 Nov, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Credit Control, Sanction Processing, Loan Processing, Interest Rate Management, Regulatory Compliance, Customer Relationship Management, Reporting, Data Entry, Operational Risk Management, Process Improvement, Team Leadership, SOP Adherence, Financial Analysis, Transaction Processing, Stakeholder Engagement, Documentation Management

Industry

Banking

Description

Company Description First Abu Dhabi Bank is an inclusive environment where each person values the experiences, perspectives, ideas and beliefs of others. We’re in a unique position to learn from all our colleagues, combining international experience with deep cultural knowledge and local expertise. At FAB, you’ll have the support of your team and a strong relationship with your line manager, who will trust you with responsibility and recognize your good performance. As we embrace different ways of seeing the world, listening to each other and respecting different viewpoints, we grow stronger – together. Job Description 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. port 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. 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 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 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.

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Responsibilities

The role involves processing and encoding credit limits for credit facilities, ensuring compliance with policies and procedures. Additionally, it includes preparing various reports and maintaining internal customer relationships to ensure service quality.