Senior Officer, Credit Risk -UAEN

Emirates Development Bank Dubai, United Arab Emirates

Posted over 1 year ago Permanent Competitive

Job Description

Operational Responsibilities

Contact the Relationship Managers or others having direct customer interface to obtain needed information/ documentation required to review and analyze credit proposals.
Study the Credit Proposals submitted by the business unit to ensure their compliance with the regulatory authority and the bank policies.
Prepare the Credit Risk recommendations highlighting the Risks and proposing mitigations. The credit risk memorandum should clearly detail the Credit Risk Unit opinion in the following: a) financial indicators including financial statement analysis; b) client competitive position; c) collateral coverage ratios; c) capability of clients to repay.4.
Ensure the complete set of documentation pertaining to approved loan applications is sent to Loan Operations who is responsible for the safe custody of all loan related documentation.
Prepare a sanction letter to provide the Business unite and the loan operations unit with the details of credit approval for implementation.
Prepare periodic and ad hoc statistics pertaining to declined and approved cases and the ratio thereof, of instances of missing documentation over a certain period, etc. in order to keep record of all information that will then be further submitted to the Credit Risk Manager for review.
Ensure that changes in policies and procedures arising from changes in products, regulations or systems are considered during the analysis and administration of credit facility proposals in order to maintain up-to-date policies and procedures within EDB.

Required Qualifications:
Minimum: Bachelor's Degree in Relevant Field Required
Preferred: Master's degree or other related certifications

Required: Experience:
Minimum: 2 years of relevant work experience