banking jobs in UAE | Emirates Development Bank (EDB) careers
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Emirates Development Bank (EDB) announced, through its Linkedin account, a bank job in UAE (Senior Officer ,Credit Risk & Review(UAEN)) according to the following:
- 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, delegations and risk appetite.
- 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 financial indicators including a) financial statement analysis; b) client competitive position; c) collateral coverage ratios; d) capability of clients to repay; e) structure of the facilities proposed.
- Assist the Head of Credit Risk and Review (LC) in the establishment and implementation of the credit policies, procedures and processes.
- Ensure the complete set of approval documentation, including approval packs and approval conditions, pertaining to loan applications are sent to Credit Admin department, who is responsible for the safe custody of all loan related documentation.
- Prepare internal sanction/approval conditions letter to provide the Business unit and the loan administration unit with the details of credit approval for implementation.
- Ensure compliance and implementation of recommendation by entities, information, and credit risks connected with EDB’s business activities and ensure proper governance in controlling and escalating the breaches if not complied to promote adherence to rules and regulations within EDB.
- Prepare periodic and ad hoc reviews and statistics pertaining to declined and approved cases, including review of turn-around time per agreed SLA, quality of queries, instances of missing documentation for business applications submitted, etc. in order to keep record of all information that will then be further submitted to the Head of Credit Risk 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.
- Ensuring all reporting and portfolio monitoring requirements are adhered to as advised by the manager and the Risk team.
To know more details about the vacancy and how to apply kindly check the link below:
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