Requirements
The Manager, Credit Control is responsible for end-to-end checker activities for limits and collateral management, ensuring accurate processing of credit limits, collateral origination, maintenance, settlements, reconciliations, and monitoring activities. The role also supports effective management of system issues, audit observations, fraud, AML, compliance, and drives process improvements. Key accountabilities include performing checker activities for limits and collateral, ensuring tangible collateral details are recorded, maintaining client limits and other credit-related data, monitoring LTV requirements, overseeing monitoring and control activities, managing compliance requests, leading operational control efficiency initiatives, and supporting audits and regulatory inspections.
Description
Job description / Role
Job Type
Full Time
Job Location
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 Manager, Credit Control, is responsible for performing end-to-end checker activities under limits and collateral management, ensuring excellent customer service in line with agreed SLAs and TATs. The role ensures accurate and timely processing of credit limits, collateral origination, maintenance, settlements, reconciliations, monitoring activities and control procedures to minimize operational, legal and security risks. The role also supports effective management of system issues, housekeeping, audit observations, fraud, AML, compliance, business continuity management and internal control requirements, while driving process improvements and control efficiency within Credit Middle Office.
Key accountabilities:
Perform end-to-end checker activities for limits and collateral management, including creation, maintenance and cancellation of limits in line with approved credit terms and facility documentation.
Ensure tangible collateral details are accurately recorded in the Emirates Movable Collateral Registry before limit setup, and maintain collateral records including liens, deposits, share mortgages, vehicle mortgages and other approved securities.
Maintain client limits, borrower grades, overdraft interest rates, covenants, SIC codes, downgrade or upgrade updates, interest in suspense, write-off details and credit review dates in the relevant systems.
Ensure timely collection of processing fees to avoid income leakage and maintain accurate client information in audit confirmations, liability letters, no-liability letters and status reports.
Monitor LTV requirements for gold, shares, oil and other commodities, including periodic asset revaluation and immediate escalation of breaches to business and credit.
Oversee monitoring and control activities covering excesses, past dues, covenant breaches, annual reviews, tangible collateral expiry, insurance renewals, valuations and daily, weekly, monthly and quarterly reconciliations.
Manage AML, FRR, legal and compliance requests, including placement and removal of holds based on approved instructions.
Lead operational control efficiency initiatives by monitoring processing time, transaction volumes, rework levels, SLA adherence and automation opportunities.
Support quarterly RCSA testing, corrective actions, risk event reporting, internal and external audit remediation and UAE Central Bank inspection observations related to limit input, pricing and credit control activities.
Train staff, maintain effective backups for critical positions, update SOPs and ensure credit control policies, procedures and regulatory guidelines are implemented effectively.
About the Company
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.
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