Transguard Workforce Solutions is the UAEs leading provider of unique and innovative HR solutions. With a decade of experience in the region and a team that possesses extensive knowledge of the market, we provide a fully integrated HR solution.We are currently recruiting for a Senior Officer, Credit Documentation for one of our banking client to be based out of their Dubai office.Job Purpose:

• Drafting facility documentation as per the approved credit application, perform fit to lend checks, prepare required documents for execution of mortgages & other required collateral registration processes in line with the agreed service standards (SLAs).
• Responsible for safekeeping of signed off facility documentation and required collateral documentation Introduce and enhance proactive work culture to deliver excellent results through managing and mentoring.
• Responsible to follow up and clear all the exceptions/deferrals in facility documentation within the stipulated time period.
• Help team managements to proactively manage all issues related to systems, housekeeping, internal audit, fraud, AML, Compliance, Business Continuity Management (BCM) and internal controls.

Responsibilities:

• Ensure Credit Middle Office policies and procedures of the Bank are strictly followed in line with Banks Credit policies and as per relevant guidelines of UAE Central Bank/Government.
• Adhere to UAE laws and regulations regarding all collaterals and the legality of documents used in coordination with the legal department,
• Drafting of facility offer letters/loans agreements in line with the Credit application approved by the required delegation authority and also as per the documentation SOPs for all Wholesale Banking credit facilities including conventional and Islamic Accounts - which will cover NTB /Renewal/Amendment requests. For existing borrowing relationships, validate the existing facility documentation to prepare the required documentation.
• Liaise with Credit to get the required clarification and/or guidance as and when it is required.
• Liaise with Legal to include non-standard conditions in the client facility offer letters as stipulated in the Credit approval.
• Follow the documentation procedures and finalise facility offer letters/ loans documentation, collateral documentation & other required documents by covering all the legal aspects abide by the signed off SLAs.
• Upon receiving the executed Facility offer letter and other facility documentation, inform Business regarding discrepancies, if any & follow up with Business to get those discrepancies rectified before sending the limits release instructions.
• Ensure the fit to lend checks are carried out as per the documentation procedure & all collateral documentation including mortgages are executed, CPs are met etc. as per Credit approval before confirming to the manager for his/her necessary checks. For existing borrowing relationships, review the existing facility documentation & collaterals to make sure all are valid & enforceable as per the laws, regulations, internal policies, and procedures.
• Ensure all deferrals approved by Credit are communicated to CMO limits & collateral management unit (LCMU) for tracking along with the limit release instructions upon getting the manager sign off. Also send the required documentation to LUMU to register collaterals and assets under Emirates Movable Collaterals Registry (EMCR) as per the statutory requirement.
• Also, periodic follow up to make sure those deferrals & deficient documents are cleared on timely basis to keep the facility documentation perfected to mitigate credit & legal risk. As and when its required inform management with the current status along with the action taken.

Skills

• The jobholder is required to manage day to day activities of the team under Credit Middle office & lead the development of appropriate processes, policies and procedures. Ensure interaction with staff to achieve effectiveness in the Departments functioning.
• Market and economic conditions are challenging so also customer requirements.
• Maintaining highest level of Asset Quality with minimal NPA level
• Monitor the effectiveness of existing control measures and effect modification whenever required and business process outsourcing and digitization

Transguard Group