Requirements
The role requires a Bachelor's degree, with desirable Chartered Accountant, MBA, or relevant finance certifications. A minimum of 10 years in the banking sector is essential, including 4-5 years in corporate or wholesale credit. Proven experience in corporate credit underwriting, particularly in RCG, TMT, and Real Estate portfolios, is necessary, along with a strong track record of preparing credit proposals for senior management and committees.
Description
Job description / Role
Job Type
Full Time
Job Location
Abu Dhabi, UAE
Nationality
Any Nationality
Salary
Not Specified
Gender
Not Specified
Arabic Fluency
Not Specified
Job Function
Accounting & Audit
Company Industry
Banking & Financial Services
Job purpose
The purpose of this role is to take credit ownership from underwriting to obtaining necessary approvals for the assigned portfolio of clients across the Retail & Consumer Goods (RCG) segment within Wholesale Banking. Besides ensuring all propositions are in compliance with Group Credit Policy and guidelines, the role's purpose is also to provide guidance and expertise across the full spectrum of product offerings, working with Coverage & Product teams as well as engaging with the client, where necessary, in structuring and propositioning so that the twin objectives of client needs and bank requirements are met in a swift and expeditious manner.
Key accountabilities
Generic accountability
Actively participate in client relationships through client visits or conference calls as part of transaction origination and structuring.
Provide ongoing feedback and expert inputs into the deal structure intermittently and as required based on Bank Risk Appetite for products, industry, sector, geography, and counterparty.
Advise Relationship Managers on the risk factors associated with complex transactions, and the clauses imperative in mitigating these.
Participate and represent credit in the due diligence process for prospective deals in collaboration with Coverage and Product teams and ensure that emerging risk factors are identified and suitably addressed with appropriate mitigants.
Ensure that appropriate Target Market Risk Acceptance Criteria and Credit Policy guidelines are followed as part of the approval process.
Conduct and, where appropriate, guide a team of analysts to conduct robust credit analysis and obtain appropriate approvals.
Ensure timely availability of required information to Head of Credit or Unit Head for credit decision making.
Guide Coverage and Product teams on credit appetite and ways and means to optimize the same to achieve optimal risk-reward balance as per established guidelines.
Coordinate with internal counterparties (CAD, Legal etc.) to provide guidance on risk assessment, risk rating, and documentation.
Ensure accuracy of data being presented to various stakeholders including senior management.
Obtain accurate and current information and update the Risk systems (Risk rating models, collateral management system etc.) that allow for accurate identification of risk profiles and ratings in all asset categories.
Recommend amendments to the Bank's credit policy, procedures, Risk Rating models, credit memorandums, risk criteria etc. based on lending experience and market expediencies ensuring alignment with overall Bank's risk strategy and policy.
Ensure satisfactory rating in audits through proactive actions and ensure all recommendations are implemented.
Job specific accountabilities
Preparation of comprehensive credit papers clearly outlining key risks, mitigations, and recommendations for presentation to the Approving Authority for prospective and existing clients under assigned portfolio.
Coordinate with the Relationship Managers well in advance of due dates of annual reviews to obtain necessary information from the borrower to facilitate a comprehensive review of the credit facilities.
Ensure credit processing and approval turnaround times as per agreed SLAs with Business Segment.
Periodic meetings or conference calls with clients to be undertaken along with RMs for prospective and existing clients.
Monitor accounts regularly and follow up with Business units on terms and conditions to ensure compliance with the approval conditions.
Ensure all excesses, exceptions, overdue annual reviews, covenant deficiencies, current collateral valuations, and deficiencies in terms and conditions vis-à-vis lending portfolio are monitored, controlled, and addressed.
Oversee the mark-to-market revaluation and margin monitoring process and liaise with the respective RMs to rectify any margin call situations.
Review exception and portfolio reports as applicable and keep abreast of the clients' account conduct, financial standing, and latest developments occurring in their respective segment or market to provide appropriate recommendations regarding changes in risk appetite, ratings, or classification.
Monitor early warning indicators to identify potential problem accounts and liaise with Business Units to ensure suitable action plans are in place to rectify the situation at an early stage.
Manage problem credits closely and recommend appropriate strategies and remedial action plans.
Identify defaulters and recommend immediate remedial arrangements for maintaining a quality credit portfolio.
Ensure asset classification and provisioning is in line with statutory and policy guidelines including any risk downgrades.
Provide senior level advisory support on credit policies, lending structures, documentation, and guidance to business heads and units in managing complex credit risks, providing practical solutions.
Contribute to enhancement of knowledge and expertise of other team members by participating in training and development initiatives.
Qualifications & experience
Must have a Bachelor's degree.
Desirable: Chartered Accountant, Masters in Business Administration (MBA), or any other relevant finance degree, professional certification charter (CFA/FRM etc.) or diploma.
Minimum 10 years relevant experience in the banking sector with at least 4-5 years in Corporate or Wholesale Credit function.
Proven experience in Corporate Credit underwriting, preferably across Retail & Consumer Goods, TMT, and Real Estate portfolios.
Strong track record of preparing committee-ready credit proposals for senior management and credit committees.
Expert knowledge of trade, loan, and working capital products, with hands-on experience in syndicated and structured facilities, including RCF transactions.
Solid understanding of Investment and Global Markets products.
Ability to assess credit risk with a strong focus on underlying business fundamentals, cash flows, and sustainability of the business proposition.
Demonstrated strong credit underwriting, financial analysis, and deal structuring skills.
Good understanding of legal and regulatory framework.
Ability to work under pressure.
Strong communication skills - written and spoken.
About us
First Abu Dhabi Bank (FAB) is the largest bank in the UAE and one of the world's largest and safest financial institutions. We offer a comprehensive range of personal and private banking services, including credit cards, Islamic banking, investments, loans, and mortgages. Our commitment to excellence and innovation drives us to provide top-tier financial solutions to our clients.
Life at FAB
Working at FAB means being part of a team of talented and passionate individuals with a shared vision to support the ambitions of our stakeholders to "Grow Stronger." We embrace the needs of our customers across the globe with a sense of responsibility and confidence driven by extensive expertise that can only be delivered by an ambitious world-class organization.
Career development
FAB offers unique career choices, a chance to innovate, craft solutions for the future, and express yourself in a performance-based culture that will unleash the best in you. Whether you are an experienced professional or just starting your career, FAB provides a range of learning and development initiatives to support all employees through training and skill development.
Our values
At FAB, we place our customers at the core of our activities, live our values each day in every way, celebrate achievements, and empower each other to deliver leading solutions. We have structured plans for the recruitment and career progression of Emirati talent to enable them to make a mark in the financial and banking sector both regionally and globally that rewards your hard work and dedication.
Join our team and be part of a journey to shape the future of banking.
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