Specialist, Documentation CMB & PL - DXB at First Abu Dhabi Bank Pjsc

Dubai, Dubai, United Arab Emirates -

Full Time

Start Date

Immediate

Expiry Date

22 Jun, 26

Salary

0.0

Posted On

24 Mar, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Documentation Preparation, Document Review, Facility Offer Letter, Term Loan Agreement, Security Documentation, Regulatory Reporting, Collateral Data Maintenance, Credit Line Release, Banking Software Systems, MS Excel, MS Word, English Language, Banking Products, Corporate Credit Administration, UAE Legal Environment, Central Bank Regulations

Industry

Banking

Description

Preparing / reviewing the prepared in-house Bank standard Facility Offer Letter/ Term Loan Agreement, internal legal negotiated Facility Offer Letter/ Term Loan Agreement, security / support documentation in accordance with the credit approvals. • Ensuring all security / support documents lodged for in-house documentation have been properly executed and signatures are verified and authenticities of the signatories are supported by resolution / POA. • Ensuring rectification of existing discrepancies / deficiencies in security documentation for facilities released under legacy records.Ensuring approval from relevant authorities is held for deferral / waiver of incomplete documents. • Ensuring integrating accurate and timely internal reporting and regulatory reporting. • Preparing documentation deficiency (expired / deferred documents) reports and following up for its timely submission / renewal. • Maintaining up to date collateral data in the Bank’s system. • Performing periodical clean-up of old and obsolete security documents to keep updated / valid security documents in the security folder. • Verifying and confirming periodically at the renewal of credit lines, all required security / support documents are physically held in safe custody. • Ensuring all security documents are kept safe in the vaults and a checklist maintained in the file. • Lodging security documents / collaterals in the Bank’s system. • Reviewing / verifying approvals obtained for permanent release of collaterals, security documentation and ensuring there are no liabilities or outstanding and facilities are cancelled. • Supporting in creation/release/amendments of securities/mortgages/charges/registrations with local government authorities and free zone authorities in various Emirates as per Bank’s POA holders. • Reviewing and checking on daily basis all the lodged documents in Bank’s system to ensure 100% accuracy. • Advising Credit Control Unit for release of credit lines in the Bank's system. Knowledge & Experience: • Bachelor’s degree in accounting / finance. 3-5 years’ experience in Corporate Banking with at least 3 years’ experience in the Corporate CAD function. Skills: • Knowledge and use of banking software systems, basic PC skills and common MS applications like Excel and Word. • Good knowledge of English language (both written and spoken). • Good knowledge of Bank's financial system. • Very good knowledge of Banking Products / Corporate Credit Administration functions. • Good knowledge of U.A.E. legal environment & Central Bank regulations. • Team worker, ability to work under pressure, fast learner, attention to details. About Us: First Abu Dhabi Bank (FAB) is the largest bank in the UAE and one of the world's largest and safest financial institutions. We offer a comprehensive range of personal and private banking services, including credit cards, Islamic banking, investments, loans, and mortgages. Our commitment to excellence and innovation drives us to provide top-tier financial solutions to our clients. Life at FAB: Working at FAB means being part of a team of talented and passionate individuals with a shared vision to support the ambitions of our stakeholders to "Grow Stronger." We embrace the needs of our customers across the globe with a sense of responsibility and confidence driven by extensive expertise that can only be delivered by an ambitious world-class organization Career Development: FAB offers unique career choices, a chance to innovate, craft solutions for the future, and express yourself in a performance-based culture that will unleash the best in you. Whether you are an experienced professional or just starting your career, FAB provides a range of learning and development initiatives to support all employees through training and skill development. Our Values: At FAB, we place our customers at the core of our activities, live our values each day in every way, celebrate achievements, and empower each other to deliver leading solutions. We have structured plans for the recruitment and career progression of Emirati talent to enable them to make a mark in the financial and banking sector both regionally and globaly that rewards your hard work and dedication. Join our team and be part of a journey to shape the future of banking.

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Responsibilities

This role involves preparing and reviewing various legal and security documents for credit facilities, ensuring they align with credit approvals and are properly executed. The specialist must also maintain accurate internal and regulatory reporting, manage documentation deficiencies, and keep collateral data updated in the bank's systems.