Specialist- Elite & Private Banking Lending OPS

Job Description

ROLE PURPOSE:

The role is responsible for preparation and vetting of documentation relating to credit facilities and accurate detailing before inputting the same into the Bank's system. Further, he/she is responsible for ensuring the enforceability/authenticity of the security documents executed by the customers.

KEY ACCOUNTABILITIES

. 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.

Qualifications

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.