Employment:
Full Time
Job Purpose:
– Generation of Offer Letters and other borrowing documents
– Ensuring appropriate borrowing documentation is in place before Credit delivery/disbursement.
– Ensuring that document checked and prepared as per approval and legal observations.
– Implementing Legal/ documentation policies and procedures of the Bank, relevant guidelines of UAE Central Bank/Government.
– Ensure expeditious handling of Business requests and consistency with prescribed policy and criteria. Advise RMs /follow up the action taken.
Principal Accountabilities:
– Generating Offer Letters as per Credit approval terms for Commercial/ SME/Al Dana / Personal Accounts – new facilities as well as renewal of lines.
– This includes verification of previous documents obtained and preparation of the required documents.
– Check the Compliance of Sanction terms (Facility Offer Letter and relevant documents.) within TAT.
– Ensure FOL and other documents executed by customer as per borrowing mandate in MOA / Trade License /Board Resolution /as per requirement.
– Checking if documents are in line with the approvals / Conditions Precedents are met and collaterals are valid.
– Revert to relationship team in case of any queries or documents are not executed properly.
– Ensure exceptions if any are approved by appropriate authorities with a target date for regularization.
– Tracking all conditions subsequent and deferrals obtained and inform credit control team to update exception register in case if any exception after ensuring exception is duly approved as per delegation.
– Scanning of signed documents in EDMS.
– Provide instruction to limit input unit to load customer limits in the system/ or any other required action.
– Supports the Risk Management and Business Departments Executives by eliminating legal and other risks associated with defects in documentation.
– Ensures that Bank’s lien is registered with respective authorities as per the statutory requirement.
– Identify and implement solution for legal issues in consultation with legal department and lawyers.
– Ensuring pending documents with discrepancies are picked up and advised to business units by periodical reports.
– Update pending documents with discrepancies are picked up and advised to business units by periodical Follow up steps taken through Documentation/Legal Managers, expected my superiors’ comments / guidance & risk management awareness.
– Further responsibilities participate and contribute with other areas under Documentation team.
– Adheres to basic principles of bank’s procedures and policies wherever applicable.
Qualifications:
– Degree of Business/Finance
– Strong working knowledge of Business software applications, particularly spreadsheets.
– Sound knowledge on functioning of core system for Documentation and checking (APP4LEGAL,CRM,Phenix )
Experience:
– 4 year’s banking experience in Credit control Unit /Documentation/Legal
– Sound credit knowledge/understanding of credit risks.
Skills:
– Written and spoken English – Arabic.
– Confident decision maker.
– Good report writing skills.
– Analytical and problem solving.
– Good understanding of the Banks’ systems, processes and Legal environments and documentation.
In 1969, when we at Commercial Bank of Dubai started out little did we know that sheer grit and determination would get us where we are today. An Emiri Decree issued by His Highness the Late Sheikh Rashid Bin Saeed Al Maktoum, the founder of modern Dubai, laid the cornerstone of Commercial Bank of Dubai. We started out as a joint venture of Commerzbank, Chase Manhattan Bank and Commercial Bank of Kuwait. A minority stake was held by a few UAE businessmen.
By 1982, little more than a decade later, we evolved into a National Public Shareholding company. A feat complimented by an exponential increase in the capital base and mammoth restructuring of our operations. The feather in the cap came when the Government of Dubai became a key shareholder.
Over the decades, we have transformed ourselves into a progressive and modern banking institution. We are supported by a sturdy financial base and reigned by a strong and stable management. The proof of which lies with our customers who have stood by us over the years.
Source: Job Posting - gulftalent.com
