Assistant Manager - Collateral Management (UAE Nationals Only)

Job Purpose:

The Job Holder is responsible to ensure implementation of approved facilities in core banking system by inputting facilities and approved limits, terms and conditions after receiving the final confirmation with completion of documentation. Also Monitoring implementation of facilities, receipt of funds adjustment, revision in limits and adherence terms and conditions of approval. Additionally responsible for delivery of high standard services to business units, resolving complex processes, solving problems if any and to seek clarification if any from unit heads. The role of Job requires significant level of technical knowledge and expertise with supervisory and transaction documents experience in a similar environment to ensure that the bank is protected by valid facilities input as per Credit approvals.

Key Accountabilities: 

• Check the contents of the credit approval sheet, validity of Credit approval & terms and condition to ensure the request received from SRU officer is matching with the approval sheet.
• Request Clarification from SRU/CBG/CRMD in case if the approval difficult to be apply in core banking system or any condition is mismatching for implementation.
• Check the current customer position along with the outstanding and limits available in the system and check the current position of existing outstanding and limits available in system
• Review set up Limit Process then to Create Secured Limit
• Review the data as per the approval sheet with the appropriate designed sequences (Global, parent, child & sub-child) & codes.
• Review the data as per the appropriate designed sequences (global, parent, child & product limit)
• Limit authorization for treasury FX and investment after receiving treasury confirmation that all required documents are in order
• Limit authorization for the approved overdraft  
• Authorize Secured Limit as per Credit approved facilities by using the Global Mixed revolving code 30000 and for Non Revolving "One off Facilities" by using the Global Mix Non Revolving code 20000 and then linkage of collaterals to the limit before booking the deal .
• Authorize separate Global Limit for the each project in case if Multiple Project related limits have been approved for the customer for proper project wise limit monitoring each project separately.
• Limit authorization for special Modharabah investment account (SMIA) and linked with its collateral
• Review conditions required in the note.                                
• Temporary increase authorize limit and extend expiry review date in T24 system for the exceptions approvals to process transaction related to TF in order to avoid expired limit or excess of the limit amount during their process.
• Temporary Extension authorization for review date upon Credit/ Business approval in T24 for the working capital facilities as well as any other facilities under customer exposure. 

• Handling all technical issues related to Core banking system whether modification, new requirement, new products and follow with ITD team until full implementation be in place. Supervising Central bank Risk Bureau Monthly update and all CBRB enquires as well as all exception reports, Reconciliation related to CAD.
• Review, finalization and monitoring of monthly report for limit expiry, GL accounts reconciliation, Assets pending for sale, TFD overrides etc.                                        
• Review the approvals, physical documents, checklist, customer's file, contracts, deal documents, securities and then authorizing collateral rights and collaterals in core banking
• Review approvals and recheck with core banking system for full release/partial release of securities Mortgages, both permanent and temporary.
• Physical review and update of originals documents and safe locker system SLS
• Managing physical files of deals and limits in filling room in file management system FMS and PAMS
• Review and authorize release of vehicle mortgages in MOI/RTA on temporary and/or permanent basis in core banking and RTA portal                                                 
• Following emails, assigning to team members for performing needful action against each request for collateral
• Reviewing physical documents from CAD Helpdesk and assigning to team members
• Review approvals and recheck with core banking system for existing securities including Deposits and creation/release of underlien.
• Monthly reports and MIS for internal CAD and other departments including all business segments (Expired, deferred, required collaterals/documents)
• Review of approvals and update of deferrals/waivers in core banking system
• Review and authorize DMS scanning for deal and limit files                                          
• Checking and follow up with team for timely update and completion of tasks in CAD tracking system
• Coordinating/clarifying with other departments for completion of tasks
• Generating monthly settled deals report and arranging to update PAMS/FMS after confirming with concerned business unit and then sending to archives.
• Approving retrieval of files form archives to HO, as and when required
• Customer's profile update in core banking as per approval terms and conditions, including risk officer, current risk rating, account officer, grouping etc.                                              
• Central Bank Risk Bureau Monthly update (Addition/Deletion/Modification)
• CBRB enquires , update
• Change Risk Rating in CBRB upon Credit approval received
• Reconciliation for all accounts that contains balances related to CAD transactions (Daily/weekly/Monthly).
• Generate Monthly exception reports and send it to all business units with proper monitoring and follow up until rectification takes place.
• Reconcile physical files Booked for quality assurance.
• Communicating with Central Bank officials for any bank related enquiries/documents update related to customers"        
• Review and update of SOP on regular basis for improving and enhancing existing processes and procedures
• Managing and organizing team for proper completion of tasks, leave plans, contingency plans" 

• Assist the Departments under their responsibility in conducting the OR related activities such as development and monitoring of RCSAs and KRIs, conducting Control Testing, Loss reporting and any Business Continuity Management related activities.
• Provide relevant guidance and training to their respective Departments on the various risk management tools used in SIB guided by the relevant policies and procedures.
• Ensure the adherence by their respective areas to their various roles and responsibilities referred to in the OR framework and procedures

Key Skills:

• At least 3 years in Credit Administration and supervisory level with adequate understanding of commercial / Securities and legal system of UAE commercial Law.
• Compliance of Credit Policies, Audit and control requirements and procedures for credit granting procedures and guidelines.
• Sound analytical; information seeking, and results oriented ability.
• Good understanding of technological issues & Documentation.
• Excellent communication skills in both verbal and written (English & Arabic).
• Minimum Experience 5 Years
• Computers/ Systems /Software Skills MS Office
• Core Banking Software – Expert
• Full respect to all CAD line Managers as well as CAD staff                             
• Customer service and good understanding to bank products and transaction Execution