Vice President - Credit Management

Job Description

JOB PURPOSE:

Work within the Private Banking Credit team, ensuring the proper implementation of policies, procedures and practices consistent with the overall strategy and objectives of the bank.

Ensure that Credit proposals adhere to policy guidelines, monitoring and review is adequate to maintain assigned portfolio quality and overall credit risk falls within the bank’s risk appetite.

KEY ACCOUNTABILITIES:

Credit Risk Management

• Credit analysis, assessment, recommendation & approval (Within DoA), review, monitoring, control and recovery of assigned portfolio(s)
• Ensure credit processing & approval turnaround times as per agreed SLAs
• Ensure Credit request fall with regulatory guidelines /policies / TMRACs
• Highlight exceptions and work with Private banking on ensuring proper mitigation is in place
• Guide private banking on structuring of facilities, securities, documentation
• Ensure proper due diligence is conducted on prospective deals in collaboration with coverage / product teams
• Follow up with Private banking on covenant breaches / document deficiencies / excesses / past dues
• Provide ongoing feedback and expert inputs into the deal structure intermittently and as required based on Bank Risk Appetite for products/ industry / sector / geography / counterparty.
• Ensures timely availability of required information to approving authority for credit decision making.
• Ensure accuracy of data being presented to various stakeholders including senior management
• Coordinate with internal counterparties (CAD, Legal etc.) to provide guidance on risk assessment, risk rating, and documentation.
• 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/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 it is aligned with overall Bank’s risk strategy & policy
• Ensure satisfactory rating in audits through proactive actions and ensure all recommendations are implemented

Specific Accountability

• Preparation of comprehensive credit proposals clearly outlining key risks, mitigations and recommendation for presentation to the Approving Authority for prospective and existing clients under assigned portfolio
• Coordinates 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 & approval turnaround times as per agreed SLAs.
• Periodic meetings / 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.
• Oversight the mark-to-market revaluation process and take ownership of liaising 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/market so as to provide appropriate recommendations with regards to change in risk appetite / ratings /classification.
• Monitor early warning indicators in order to identify potential problem accounts and liaise with Business Units for ensuring suitable action plans are in place to rectify the situation at an early stage.
• Manage problem credits closely and recommending appropriate strategies and remedial action plans. Identify defaulters and recommend immediate remedial arrangements for maintaining a quality credit portfolio.
• Ensure accuracy of data being presented to various stakeholders including senior management 
• Contribute to enhancement of knowledge and expertise of other team members by participating in training and development initiatives.

Qualifications

Minimum Qualification

• Must have 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 Experience & Skill Set

• Minimum 10 years relevant experience in the banking sector with at least 5 years in Credit function.
• Good understanding of various credit products such as Lombard lending, Real Estate financing, FX and Derivatives.
• Understanding of various Investment products such as bonds, sukuks, stocks, mutual funds, structured notes etc.
• Ability to look into and beyond Personal Net Worth Statements/financials and see business proposition.
• Strong structuring skills
• Good understanding of legal and regulatory framework.
• Ability to work under pressure
• Strong written and verbal communication skills.

Additional Information