Purpose and Scope:

The job holder is responsible to day-to-day process & control of the Credit Control functions ensuring compliance with appropriate approved credit conditions, bank policies and procedures, regulatory requirements & guidelines. The job holder guides/ supervises the officers responsible for documentation, collateral, posting limits and reporting as a final checker & approver. In addition to the safe custody and filling process, he /she supervises the pre-& post fact control functions to protect the Bank's assets, ensures that all credit approval conditions are in place during facilities tenor and maintains compliance with CBK regulations, and Bank policies and procedures.

Job Roles & Responsibilities

Strategy, Planning and Management

Planning and Management

• Lay down effective plan(s) to ensure efficient and compliant credit Control processes

Operations, Review and Reporting

Understanding

• Maintain updated knowledge of CBK rules, regulations, BB Credit Policy procedures and related matters of interest to the department

Fieldwork

• Review related documents for foreign banks and Burgan Bank’s subsidiaries prior to signing off and approve setting of limits.
• Monitor credit information process i.e. review undertaking letters, clearance certificates, to whom may concern letters etc. issued by the department to the Banks/clients/companies.
• Review the integration and completion of necessary documents against the credit approval obtained including borrower’s financial information, collateral values, etc. in line with the credit approval conditions of security, collateral, documents.
• Verify that all the credit approvals are in line with the management decisions, Bank’s policy and CBK guidelines as post-fact control.
• Verify that all drawdowns are in line with credit approvals and documentation.
• Coordinate with the business groups & other departments in the Bank in providing information & support and any related requested reports, in addition to other areas in the Bank.
• Monitor and control countries & banks limits as per the management guidelines / conditions and approval in addition to Burgan Bank subsidiaries credit limits and related documents.

Review Monitoring

• Review the documents checklist signed by the documents makers, in line with credit approval & conditions, credit policy, procedures and CBK guidelines prior to releasing of limits, and approve the same.
• Review the security analyst study along with security documents and bank approval (memos/ credit applications) and approve the same prior to updating the system or taking any action regarding releasing or pledging any collateral.
• Supervise portfolio managers in a timely manner and ensure that all collateral records, share values, portfolio, legal assignment of contracts, guarantee extensions, real estate valuations, substitution of collateral and renewals are in line with approval conditions & are updated in the system.
• Perform any ad-hoc tasks/assignments that are assigned by direct supervisors.
• Oversee the control process of placing the original securities in the safe custody vault, and to release the same from the vault in coordination with Legal Department, in addition to physical verification of the securities carried out annually.

Reporting

• Review and approve CBK reports in line with CBK guidelines.
• Review all internal reports issued by the departments for applying control over the Business groups and in line with the credit risk guidelines / conditions and approval

People Development

• Participate in the selection and development of staff
• Evaluate performance and recommend developmental needs of the team
• Review recommendations of subordinate staff and provide guidance in resolving complex or sensitive problems
• Maintain and promote positive work culture and responsible for improving employee engagement level of the team

Job Specifications:

Educational Qualification(s): Bachelor’s degree or equivalent in a related field

Experience: Minimum 7 years of relevant experience required in Credit Control.

• At least 5 years of experience in a bank or financial institution within a similar field
• Knowledge and experience of best practice in Drawdown unit

Language(s) known: English (Proficient) and Arabic (Proficient).