Website Emirates NBD
Emirates NBD, the leading Banking Group in the MENAT region, was formed on 19 June 1963, when H.H. Late Sheikh Rashid bin Saeed Al Maktoum signed the Charter of Incorporation of the National Bank of Dubai (NBD) which became the first National Bank established in Dubai and the United Arab Emirates (UAE). With the blessings of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, NBD merged with Emirates Bank International (EBI) on 06 March 2007, to form Emirates NBD, the largest banking group in the region by assets. On 16 October 2007, the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM). The merger between EBI and NBD to create Emirates NBD, became a regional consolidation blueprint for the banking and finance sector as it combined the second and fourth largest banks in the UAE to form a banking champion capable of delivering enhanced value across Corporate, Retail, Islamic, Investment, and Private Banking, Global Markets & Treasury, Asset Management and Brokerage operations throughout the region.Emirates NBD, the leading Banking Group in the MENAT region, was formed on 19 June 1963, when H.H. Late Sheikh Rashid bin Saeed Al Maktoum signed the Charter of Incorporation of the National Bank of Dubai (NBD) which became the first National Bank established in Dubai and the United Arab Emirates (UAE). With the blessings of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, NBD merged with Emirates Bank International (EBI) on 06 March 2007, to form Emirates NBD, the largest banking group in the region by assets. On 16 October 2007, the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM). The merger between EBI and NBD to create Emirates NBD, became a regional consolidation blueprint for the banking and finance sector as it combined the second and fourth largest banks in the UAE to form a banking champion capable of delivering enhanced value across Corporate, Retail, Islamic, Investment, and Private Banking, Global Markets & Treasury, Asset Management and Brokerage operations throughout the region.
Manager – Credit Risk (UAE National)
Job Description
In line with the UAE Government’s strategy in empowering and developing nationals, Emirates NBD is committed to welcoming the young generation into an innovative, modern and supportive work environment to contribute to the nation’s success.
We are looking to find the best UAEN talent to join our ENBD family.
Organization Unit Purpose
- Appraisal, assessment & control of credit exposures
- Control function, which ensures group takes on assets which meets the Group’s standards on lending in terms of risk
- Set up Credit policies which allow us to process credit proposals from Business Units (Wholesale Banking, BUB, PB – UAE & International) within agreed timeframe/ turn-around time and ensure response levels.
- On going measurement of credit risk
- Assessment of provisions, portfolio health etc
- Setting up up of delegated limits
Job Purpose
- Evaluate credit proposals submitted by the Private banking units. Analyse and submit recommendations to service management
- Evaluate credit risk and suggest mitigating measures where possible
- Ensure to maintain good quality of the Credit portfolio of the accounts/ BUs allocated
- Ensure that lending proposals are in compliance with policies & UAE CB regulations
- Close monitoring of portfolio especially accounts on border line i.e. OLEM/ Substandard to ensure that they do not get into non performing category
- Ensure appropriate provisioning with respect to the portfolio allocated
- Advise BUs with respect to managing of difficult accounts and monitor their progress
- Visit BUs once every quarter
- Monitor exception / reports excesses, past dues, utilisation with respect to the allocated portfolio
- Maximising returns from a relationship – advise relationship team on strategies for various groups
- Analyse requests for changes in documentation / standard terms
Job Content
Customer-Services
- Maintain Service Quality and adherence to TATs (measured via Track Soft or similar reports)
- Proactive Business Support and Quality of interaction with allocated BUs (to be 2 way)
- Understand Customer Needs and undertake BU/customer visits as required
Internal-Process
- Quality of Credit Recommendations &/or approvals; necessary escalations/discussions
- Adherence to Policy/Processes/Guidelines
- Undertake sector/portfolio reviews
Internal-Compliance
- Accuracy & quality of comments on various reports; monitor exception reports & a/cs for timely inclusion on EAR as per control & monitoring requirements.
- Escalate covenant breaches & other audit remarks.
- Ensure proactive portfolio management through regular monitoring of a/cs, especially PD/OLEM/EAR/PROV forecast a/cs/ repayments & reduce NPLs.
- Monitor all exceptions on a proactive basis & minimize review overdue/ covenant overdue/ DDR.
- Contribute towards achieving acceptable INA rating as a minimum (measured by GCD INA rating)
- IFRS9 Governance & Staging to be completed per policy.
- To ensure compliance with CRMS requirements.
- To familiarize with ENBD ESG framework & complete trainings, support ESG-centric approach in credit approvals.
Initiatives-Project
- Contribute towards policy/process revisions, industry reviews besides DLA authorities & controls.
- Proactiveness to provide suggestions for overall improvement in procedures or processes
- Initiative and involvement in special projects from time to time (measured by actual projects).
Employee-People
- Initiative to improve knowledge and technical skills
- Develop product, policy & procedures knowledge
- Effective interaction with colleagues to share knowledge & aim at Customer Satisfaction (measured via GCD CSAT Scores)
- Team Work for various initiatives such as ideas and action as detailed below.
- Improvement of credit request processing End to End TAT.
- Refer potential prospects to business – buyer/suppliers or through analytics.
- Any other special tasks assigned by CCO/ Head of Credit Risk Management/ Head of Credit Review
Education
- Bachelor or Master’s Degree
- Diploma/certification in banking/finance
Experiences
8+ years (Banking, of which min 5 years in corporate credit)
Can be exempted for UAE Nationals
Knowledge & Skills
Knowledge of corporate products including Trade Finance, Treasury, and Syndications/Club deals; and Real estate and Project finance
Behavioral Competencies
- Analytical with attention to detail.
- Ability to manage high volumes, while ensuring required due diligence
- Ability to work independently and positive team spirit
- Ability to interact with various levels of seniority
- Initiative to learn and improve credit skills
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