Credit Manager- Wealth & Private Banking

Job title: Credit Manager- Wealth & Private Banking

Company: First Abu Dhabi Bank

Job description: Company Description

Now it’s your time to join the #1 bank in the Middle East and one of the most prestigious financial companies in the region. Shaking up the world of banking requires a lot of smarts and skill. We’re looking for the brightest and best to help us reach our goals and we’ll also help you reach yours. Your success is our success as you grow stronger in your career. Join us and leave a legacy of your own, as a pioneer in both the company and the industry.

Job Description

The purpose of this role is to take credit ownership from underwriting to obtaining necessary approvals for the assigned portfolio of clients within the Private Banking Group. Aside of ensuring all propositions are in compliance with Group Credit Policy and guidelines, the role’s purpose is also to provide guidance and expertise across full spectrum of product offering(s) working with Coverage & Product teams as also engaging with the client, where necessary, in structuring and propositioning so that the twin objective of client needs and Bank requirements are met in a swift and expeditious manner.

Generic Accountability

  • Actively participate in client relationships through client visits / conference calls as part of transaction origination/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 / counterparty.
  • Advises 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/ Product teams and ensure that emerging risk factors are identified and are suitably addressed with appropriate mitigants.
  • Ensures that appropriate Target Market Risk Acceptance Criteria and PBW GCP guidelines are followed as part of approval process.
  • Conduct and where appropriate, guide a team of analyst(s), to conduct robust credit analysis and obtain appropriate approvals.
  • Ensures timely availability of required information to Head of Credit / Unit Head for credit decision making.
  • Guides Coverage / Product teams on credit appetite and way 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/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.

Job Specific Accountabilities

  • Preparation of comprehensive credit papers 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 with PBW.
  • 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.
  • Ensure all excesses, exceptions, overdue annual reviews, covenant deficiencies, ensuring current collateral valuations and deficiencies in terms and conditions vis-à-vis lending portfolio are monitored, controlled and addressed.
  • Oversight 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/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 asset classification and provisioning is in line with statutory and policy guidelines including any risk downgrades.
  • Providing senior level advisory support on credit policies, lending structures, documentations and guidance to business heads/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.

Specific Accountability

  • The stated objective of the Bank in respect of Private Banking is to become a pre-eminent private bank in the region and be a market leader across UAE in the priority banking arena. Clients, in this segment include the High Net Worth Individuals &/or all of their group entities representing diverse interests ranging from operating businesses to wide range of investment needs across various asset classes.
  • Loan facilities to the High Net Worth and Ultra High Net Worth clients are structured around the loan size, collateral type, tenor and the financial strength of the borrower. Credit facilities are offered under various lending structures such as Leveraged Investments, Lombard facilities, Commercial/Residential Real Estate and Insurance Financing.
  • Accordingly the job holder is expected to demonstrate deep knowledge of products, industry, markets, financial statements so that he/she can work across all product groups and respond in a timely manner. Hence it is critical that the job holder, among other credit skills, is able to demonstrate the following PBW-specific skill set:
  • A thorough understanding of collateral valuation and monitoring processes
  • Good understanding of documentation/legal requirements for different types of credit facilities
  • Hands on knowledge of capital market products, derivatives and margin requirements
  • Strong initiative and interactive approach to problem solving while displaying flexibility and independence in a demanding environment.
  • Although a member of the second line of defense, the job holder is expected to play a strong partnership role. He/She is expected to be solution oriented and requires out of the box thinking without seeking to dilute the high standards of credit.


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 4-5 years in Credit function.
  • Expert knowledge of various credit products such as Lombard lending, Real Estate financing, FX and Derivatives.
  • Expert knowledge 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 communication skills – written and spoken

Expected salary:

Location: Abu Dhabi

Job date: Sun, 13 Feb 2022 08:49:44 GMT

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