Employment:
Full Time
The Credit Manager will be directly responsible for conducting review and assessment of credit applications submitted by business RMs related to Emerging Corporate coverage segment. The complexities of applications vary, ranging from complex, standard to multi-entity.
The Credit Manager will be expected to conduct thorough due diligence on all elements of transactional, financial, business and industry risks and provide their recommendation to management for appropriate decision.
Primary responsibilities are as follows:
• Receives credit proposals from Emerging Corporate Team and examines them to ensure completeness of supporting information/ documents and compliance with Bank’s requirements.
• Undertakes detailed analysis to assess quality of proposals by strictly adhering to Principles of lending, Bank’s Procedures & Policies, UAE Central Bank Rules, Regulations wherever applicable
• Conducts proper due diligence as to identification of gaps, if any in terms of disclosures / information in proposals
• Addresses and clarifies issues or points raised at the review stage prior to preparation of the SWOT Analysis
• Prepares credit proposals with SWOT Analysis covering all significant factors (Strengths & Risks) for review and recommendation by Team Leaders, ensuring accuracy and completeness.
• Addresses further queries/ requirements if any required by the Team Leaders / Unit Head for decision making or initiation of the decision process.
• Communicates the Management decision on credit proposals to Business Analysts, RMs, Branch Managers, Segment Heads, Other Units & Unit Heads
• Maintains proper records for receipt, processing & disposal of credit proposals/ JETS for monitoring reports, internal/ external requirements
• Provides clarifications to Credit Control Unit for the preparation of post approval borrowing documentation.
• Assists in Special Projects/ Assignments that are entrusted by the Team Leader/ Unit Head/ Management
Requirements:
• Masters or Bachelor’s Degree in a Commerce/Finance discipline.
• 4/5 years of related experience in banking and finance with at least 2 years of experience in corporate credit. Experience in Emerging Corporates / Mid-Corporates credit is preferred.
• Written and spoken English – Arabic preferable.
• Good Analytical/ Report writing skills
• Computer literate with strong working knowledge of business software applications, particularly spreadsheets
• Analytical Thinking & Problem Solving
• Concern for order and attention to details
• Concern for quality – 90% Acceptance level of decisions
• Well organised work – Team Player
• High Level of commitment in every aspect of work & CBD values
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
